Ripple’s XRP price rallied notably in the past trading week, but entered the correction phase soon. However, the price stoof strong above the support levels at $1.4 manifesting a well built path towards the next milestone.
As coinpedia reported earlier that the XRP price may rally high, the blueprint for bull run appears to have been set out. The previous bull run which uplifted the price from $0.6 to $1.94 occurred after a strong consolidation for a pretty long period. And therefore, the current consolidation may lead the XRP price to hit $4 according to an analyst Cryptobull2020.
XRP price is trending within a narrow range just below the current support levels around $1.4. The price is expected to retest the next support levels are around $1.3270 which is the primary support.
Moreover, the price is expected to rally above $2 and hit $2.2 levels only if the upper resistance levels around $1.9 are accomplished. Interestingly, the price is poised to hit $2 shortly in the wake of the Ripple-SEC stand-off.
XRP Price Plunging Hard, Is The Time To Buy!
The XRP price is plunging hard marking the bearish divergence while most of the other altcoins are attempting hard to bounce back. The price however after a slight dip below $1.4, regained the positions above the levels at the time of writing.
Currently, the prime focus would be on the price sustaining above the $1.4 levels and head towards the yearly highs around $1.9 levels. The price at the time of writing is $1.39 with a drop of 10.12% since the past trading day.
- The resistance levels for Ripple price is at $1.58
- The support levels are at $1.32
- The indicators for XRP price is pointing at a buy signal