Today, the Ripple price action has advanced its upward move towards the $0.5000 price mark. Yet, indications coming from trading indicators point out that price action may finally reach the $0.5000 mark. Let’s further study this market to gain more insight.
XRP Analysis Data:
XRP Value Now: $0.4885
Ripple Market Cap: $25,176,555,719
Ripple Moving Supply: 51,678,187,732
XRP Total Supply: 99,989,057,196
Ripple CoinMarketCap Ranking: #6
Major Price Levels:
Top: $0.4885, $0.4900, and $0.4950
Base: $0.4835, $0.4800, and $0.4750
Ripple’s (XRP) Price Movement Keeps Gaining Upside Traction
In Ripple’s daily market, price action is above $0.4880 after the crypto has increased in price by 2.79%. Also, the last price candle has almost pushed prices to $0.4945. It could be seen that price action is ramping upwards towards the $0.5000 price mark at this point. Consequently, trading activities continue to occur far above the middle limit of the Bollinger Bands indicator. Additionally, the Moving Average Convergence Divergence (MACD) indicator is revealing that the tailwind is still strong, and may eventually propel price action beyond the $0.5000 mark. This is because the lines of this indicator keep racing upwards above the equilibrium level, while its bars are green. By implication, trading indicators are pointing out that upside momentum is increasing.
Ripple (XRP) Price Action Continues to Mount Pressure on the $0.5000 Price Level
Just like what we have on the daily XRP market, price action continues to close in on the above-mentioned price mark. The last price candle on this chart stayed bullish. Meanwhile, the Bollinger Bands indicator is now tilted upward to reflect the market trend. Also, the Stochastic Relative Strength Index (SRSI) indicator lines are still running upward after a bullish crossover above the 60 levels of the indicator. In addition, the MACD indicator curves also keep moving upward, though less steeply than the ones on the daily chart. Summing up all the market signs, traders should prepare to see Ripple’s price above the $0.5000 mark, perhaps at $0.5100.
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