Ripple price movement is reflecting dramatic movement on the price chart. Yesterday, the currency was spotted started the day with a stagnant move. The same remained intact for almost 7 hours and later experienced heavy pick and drop. The heavy movement on the XRP price brought regression in the coin towards the closing hours.
Today, the moving averages and the MACD counters together are indicating another regression. The fall in the price of the coin would continue for the rest of the day.
XRP/USD Price Chart:
Ripple started dealing at $0.188 on yesterday’s chart, and within the next hour, the price dribbled to $0.187 by 0.94%. The currency recovered immediately to $0.189 by 1.05%. The currency hovered around the same level with slight volatility till 06:30 UTC. The XRP price dribbled to $0.1844 by 2.17% in the next 43 mins. The coin started improving immediately, and in the next hour, the price recovered to $0.187. With a slight plunge to $0.185, the price escalated to $0.189 by 2.45% at 16:57 UTC. Later, the price dropped to $0.186 in the next 2 hours. Then, the coin managed to trade above $0.187, but the price slipped to $0.185 and closed the day at $0.186.
Today, Ripple coin started dealing at $0.186, and within the next 30 mins, the price touched $0.184. However, the improvement in the later hours was quite impressive, and in the next 5 hours, the coin touched $0.190 by 2.80% hike. The coin couldn’t hold itself at this high and dropped to $0.186 by 1.93%. Further, the XRP price recovered to $0.188 but plunged to $0.1844 by 2.24%.
The moving averages, 50 & 20 days, are at $0.1850 and $0.1853, respectively. Alongside the positions of respective moving averages are reflecting bearish crossover, and the MACD indicator also reflects an indication bearish influence on the coin.
The current price of the XRP coin is at $0.184 and seems quite near the immediate support level. It looks like in the upcoming hours the coin would find the first support at $0.183.