Ripple XRP price had been trading below the $0.30 mark since the 6th of November 2019 to the $0.28 mark until the 10th of November. XRP price has failed to recover above the $0.25 mark since the 25th of November.
The bearish kept rolling Ripple XRP price down until the $0.17 mark on the 19th of December and the monthly low of $0.182 mark on the 2nd of January 2020. XRP followed the bearish trend until the 6th of January when a breakthrough finally pushed the price above the $0.22 mark.
The monthly high came on the 19th of January 2020 when the price hit the $0.249 mark. While Bitcoin retail investments have also increased considerably, pushing the overall market.
At the time of writing, Ripple XRP price stands at the $0.249 mark after recovering from a short bearish downtrend that started on the 23rd of January, pulling the price down towards a $0.21 mark.
Recent recovery has brought XRP back towards the $0.24 mark; however, head and shoulder pattern on the 24-hours chart shows uncertainty in the price movement.
Ripple XRP price movement: What to expect?
The third-largest cryptocurrency by market capitalization stands at a market cap of 10.161 billion United States dollars while the trading volume of over 1.758 billion United States dollars has been recorded in the past 24-hours.
Ripple XRP price entered an aggressive bullish trend in the past 24-hours pushing the price from the daily low of $0.226 to the high $0.235. The high came right after the head and shoulder pattern, while the current support levels lie at $0.224.
The relative strength index (RSI) shows stands between the 87.36 and 86.60 points while, on the other hand, the moving average convergence/divergence MACD stands at the $0.232.
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