Ripple XRP price struggling to maintain $0.30

Ripple XRP price struggling to maintain 0.30

The third-largest cryptocurrency by market cap Ripple XRP seems rather stuck at the movement since Ripple XRP price has failed to maintain above the $0.30 mark.

However, Ripple XRP price has recovered from the price fall on the 24th of September fall that took the price down to $0.231 level.

Ripple XRP price chart 1 - 22 October 2019Ripple XRP price chart by Trading View

Ripple XRP price movement is completely independent of Bitcoin and Ethereum, where both the top two are struggling with their own, however, similar problems.

Ripple XRP price movement: What to expect?

Once again, Ripple was able to jump higher on the twenty-day exponential moving average the previous day, but the bulls were unable to defend the price beyond $0.29227. This is indicative of greater profit.

The bears might attempt to put their best foot forward by sinking the price beneath the exponential and simple moving averages. In case they are able to do so, a fall to $0.24508 is a possibility. This support is significant as beneath this value, and retests could occur at the $0.22 mark.

Ripple XRP price chart 2 - 22 October 2019Ripple XRP price chart by Trading View

Yet still, considering the twenty-two-day exponential moving average and the relative strength index looking rather positive, the bulls maintain the upper hand.

In case the support at these marks sustain themselves, the bulls may be able to overcome the resistance at the $0.29227 to $0.3068 levels. Success will allow the duo to slope upwards to $0.34229. Investors may be able to sustain their places at $0.24 mark.

Johnson Go

Johnson Go

Blockchain enthusiast, project management specialist, writer and crypto investor. JG deals mostly with problems and solutions of crypto projects and provides market outlook for investments. He contributes his analytical skills to projects.

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