Ripple News Today – In our Ripple XRP price prediction yesterday, we talked about how the price of Ripple XRP managed to move above the $0.2000 level reaching the $0.2100 for the first time in weeks. Unfortunately, there was a flash drop this morning and the Ripple XRP token started to fall against the USD. This morning, the price of the token fell by more than 1% right after it entered the 4-hour candle. The token fell as low as $0.2014 from yesterday’s level. The price deep of Ripple XRP took place just after the price of Bitcoin BTC started correcting lower after crossing the $10k level.
XRP (XRP) Price Today – XRP / USD
The drop in the price of Ripple XRP started yesterday. This morning, the token opened the trading day at $0.2032. Shortly after, the token fell to $0.2014. The initial $0.2032 drop-in price reflected a 3.74% drop in the price of XRP within 24 hours. Yesterday, when the price of XRP fell against the USD, the trading volume surged by more than 110.45% within just 24 hours. Compared to the same time last week, the Ripple XRP volume was up by 35.89%. The price of Ripple XRP has moved close to the 20 days moving average. The technicals indicate that the strongest price trend of Ripple XRP is on the 30-day horizon. Over the last 30 days, the price of Ripple has gone down for up to 16 days.
At the time of writing, the price of Ripple XRP was trading at $0.203484. It is down by 3.75% against the USD and up by 2.21% against the price of Bitcoin BTC. The trading volume over a 24 hour period is $1,731,868,408 and the market capitalization is $8,976,251,270. There is immediate support at $0.2000 that has been holding strong against the USD for days. If the token moves lower than the $0.2000, there is a chance that it will retest the $0.1900 level. Falling below this $0.1900 will lead to another support at $0.1850. Upward, there is strong resistance at $0.2200. Moving above this level will lead to higher highs against the USD with the next resistance at $0.2400. Right now, the bears have a higher chance of controlling the market than the bulls. The next few days of trading will determine what direction the bulls will take.