XRP was consolidating between $0.24 and $0.33 for the last one week. The altcoin registered an upside over the last 24 hours. XRP registered demand which caused the coin to witness recovery on its chart. The cryptocurrency market also registered an overall rise in prices as buyers were slowly re-entering the market. The broader market despite increase in price is still in a fragile, hence it is difficult to ascertain whether XRP will continue its bullish stride in the long term. At the current moment, XRP has secured the support level of $0.30. As price of XRP has constantly seen downfalls, it is quite natural that the coin might continue to witness relief rallies. These rallies however, are brief and fade out soon. If XRP doesn’t continue to form higher highs then bullish trend might not be able to sustain the bulls in the market. The global cryptocurrency market cap today is $958 Billion with a positive increase of 0.1% in the last 24 hours. XRP Price Analysis: Four Hour Chart The altcoin touched yearly lows on it chart this month as the bloodbath continued to extend. At the time of writing, the coin was trading for $0.33. The price previously displayed consolidation as XRP traded between the $0.24 and $0.31 levels respectively. Over the last 24 hours, the coin moved past the range and was priced at $0.33. The local support for the coin stood at $0.30 while the overhead resistance for XRP was at $0.38. The $0.38 level ...
