Ripple News Today – Ripple XRP Falls in Flash Drop But it Continues to Maintain the Support at $0.2000 – June 3rd, 2020

发布时间:2020-06-04 09:27:35 发布人:TokenString

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

# Name Price 24H %
4
ripple
XRP(XRP)
$0.203
-0.10%

Ripple News Today – Ripple XRP Corrects Lower With Lower Lows to Come

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.

XRP Price Prediction 2020 – Ripple XRP Price Prediction 2020 

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.

TokenString
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