Ripple Price Analysis: Despite Huge Crypto Gains, XRP Stablecoin Stuck At $0.25

[Jentot]

Ripple Price Analysis: Despite Huge Crypto Gains, XRP Stablecoin Stuck At $0.25

XRP dropped by a small 1% today as it falls into the $0.251 support. The coin is now above the 100-days EMA but is struggling to break resistance at a falling trend line. Against Bitcoin, XRP failed to continue above 1700 SAT.

Last Thursday, XRP managed to rebound from the support at a rising trend line as it pushed higher. On Friday, it penetrated above the resistance at the 100-days EMA to reach as high as $0.26 – where lies the resistance at a falling trend line.

It failed to penetrate above this line over the weekend and it headed lower. It spiked as low as $0.235 on Saturday, but the buyers quickly recovered on Sunday to push it back above $0.25. Today, XRP continues to trade sideways within the confines of this symmetrical triangle.

See more for yourself here.

[Alcor]

Today the price of ripple is at $ 0.254 with a capitalization of $ 11.4 billion.  This coin has not shown significant price gains lately.  There have been no significant developments in this coin yet and, apparently, investor attention is more focused on the DeFi projects, Bitcoin, ethereum with its expected improvement and other developments.  Everything has its time.  Ripple is also a good coin in its own way, and with the general expected growth of the cryptocurrency market, it will also start to rise in value.