Ripple (XRP) Price Continues to Approach the $0.5000 Threshold

Azeez Mustapha

Updated:

UNLOCK DAILY FOREX SIGNALS

Select a Plan

£40

 1-month subscription

Select

£30

 3-month subscription

Select

£21.5

 6-month subscription

Select

£399

 lifetime subscription

Select

£50

 Separate Swing Trading Group

Select

Or

Get VIP forex signals, VIP crypto signals, swing signals, and forex course free for lifetime.

Just open an account with one our affiliate broker and make a minimum deposit: 250 USD.

Email [email protected] with a screenshot of funds on account to get access!

Sponsored by

Sponsored Sponsored

Checkmark

Service for copy trading.

Checkmark

High profitable signals.

Checkmark

24/7 cryptocurrency trading.

Checkmark

10 minute setup with significant benefits.

Checkmark

79% Success rate.

Checkmark

Up to 40 trades per month.

Checkmark

Monthly subscriptions begin at £58.



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 Continues to Approach the $0.5000 Threshold

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's (XRP) Price Continues to Approach the $0.5000 Threshold

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.

Buy XRP on eToro.

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • Award-winning Cryptocurrency trading platform
  • 14 Cryptoassets available to invest in
  • FCA & Cysec regulated
$200 Min Deposit
9.8

Highly volatile unregulated investment products. No EU investor protection.

  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$250 Min Deposit
9.8
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$200 Min Deposit
9
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
9
Share with other traders!

Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.

Leave a Reply

Your email address will not be published. Required fields are marked *