Feb 22, 2020 at 13:05
Ripple Reaches the Oversold Region as Buyers may Emerge
Ripple has continued to fluctuate above the $0.27 support for the past four days. XRP was earlier in the overbought region of the market when the bulls reached a high of $0.34. As a result, Ripple has a sharp drop from its peak price to $0.27 low. Soon after the recent low, XRP rebounded and it reached a high of $0.31.
Feb 20, 2020 at 13:58
Ripple Pushes Downward, Sellers Threaten to Short Further
In the last 24 hours, Ripple has been fluctuating above the $0.27 support level. In the first bearish impulse, XRP fell and found support at the low of $0.27. Soon after that, the price rebounded and reached a high of $.30. The price retested $0.30 resistance twice before it fell to the same support at $0.27.
Feb 18, 2020 at 15:53
Ripple Fails to Hold Critical Support, Price May Fall Below $0.26
Ripple is faced with a setback as the bears erase all the bullish gains. The bulls had earlier moved up to a high of $0.34 after rebounding from the low of $0.28. Similarly, the bulls could have risen above $0.40, if they were successful above the resistance of $0.34.
Ripple Overcomes $0.31 overhead Resistance, Battles $0.34 for a New Uptrend
Ripple’s final push to a new uptrend is here as the bull battles the resistance at $0.34.Earlier on the bull has overcome the resistance levels of $0.28 and $0.31 to reach the next one at $0.34. For the first time in six months, XRP has successfully penetrated the $0.31 resistance. Nonetheless, in the last 24 hours, the market has reached a high of $0.34.
Ripple Breaks Important Resistance, Trades above Target Price of $0.31
Finally, the bulls have broken above the $0.2879 resistance after days of consolidation. The coin is approaching the high of $0.32321. This will be the first time the coin will be trading above $0.31 price level since July 2019. This is an impressive move as XRP will be forming a new uptrend. The bulls are testing the historical price level of $0.32321 in July.
Ripple Fails to Hold at Higher Levels, Can It Reach the Resistance at $0.31?
The bulls are yet to trade above the $0.2879 overhead resistance. XRP formed a bearish double top pattern while attempting to break the overhead resistance. The pattern is showing a downward movement of Ripple. Each time the bulls test the resistance, the price will fall exactly to $0.27040 low. One important thing to note is that a break above $0.28 resistance will push XRP over $0.31.
Ripple Faces Stiff Resistance, A Retest above $0.28 Likely
Excitedly, the bulls rallied above $0.28 but pulled back after resistance. The bears pulled back to the low of $0.27 and resumed the uptrend. A repeat of the previous momentum is possible. Probably, if the bulls can pick up momentum and push the price above $0.28, XRP will rally above $0.30.
Ripple Bounces, Can Bulls Overcome the Resistance at $0.31?
Ripple continues its positive moves according to market sentiment. In the previous analysis, it was indicated that Ripple would rally above $0.30, once the $0.24 resistance was broken. Expectantly, it was broken and the price rose to $0.26 but a downward correction was made to the low of $0.24500. Frankly, at the low of $0.24500, Ripple rebounded and the price has risen to $0.28 at the time of writing.