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The fact that XRP is not being the center of attention has not impacted it negatively yet. Right now, many have observed that XRP barely goes below the zero points three dollars ($0.30) price mark.
This event has happened simultaneously when the amount of active addresses is receding.
Binance’s hack has impacted the crypto market and while almost all coins have suffered XRP has gone down by zero point seven percent (0.76%). The new ripple partnership announcement was in the spotlight but now the hype has died down a little as a consequence.
This leads us to believe that XRP’s adoption rate is not as fast as everyone perceived it to be. The analysis of Ripple barely change. Right now XRP is in a very stable spot for this month. XRP experimented with the lower boundary but reverted to the midline of the lateral range.
Ripple XRP price chart created with Trading View
With that being said, it is important to mention that XRP’s volatility is very unpredictable and it can change any time. XRP is expected to break the current levels by mid-May.
This is expected to happen around the time it breaks the resistance levels near the zero point three dollars ($0.31) range.
Ripple XRP price chart created with Trading View
If we look at the 30-minute chart, it is obvious that XRP is having a hard time ascending the levels above zero point three dollars ($0.30).
Despite this slow development it is mandatory to mention its remarkable stability even after the Binance hack.
By looking at the technical indicators, we can tell that the moving average convergence divergence is established near an upwards trend.
This type of reading indicates a market of increased momentum. If nothing major happens this week XRP can hit $0.3050 by Sunday hopefully.
