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XRP/USD Price Movements: Bulls Are Trying To Hold $0.20 Position

XRP/USD is in a precarious position because for several weeks its price fluctuated up and down. Today, Ripple trading price range is fixed between $0.24 to $0.228. Thus, the price of XRP is above the 21-day moving average. Over the past 24 hours, an increase in the price of XRP was 1.5%. Technical charts still record the movement of the XRP price in a sideways trend, so it is difficult to predict who will prevail shortly: bulls or bears.

What is the current prognosis for XRP?

Cryptanalysts hope that an uptrend will prevail shortly. The bulls are not inferior to the bears of all their strength and consolidated at the level of $0.204. Thanks to the bullish momentum, XRP/USD tested the level of $0.214, but could not hold on to this position and turned back again.

If XRP is unable to build up strength, he may expect another bearish decline. After prices fall below $0.200, Ripple may stop at the nearest support level of $0.195. Technical indicators show that if the bears seize power, the XRP could drop to support levels of $0.180, $0.170, and $0.160.

Cryptanalysts hope that an uptrend will prevail shortly. The bulls are not inferior to the bears of all their strength and consolidated at the level of $0.204. Thanks to the bullish momentum, XRP/USD tested the level of $0.214, but could not hold on to this position and turned back again.

Thus, for the prevalence of the uptrend, the price of XRP must overcome the resistance level of $0.210 and $0.220. If this happens, the price movement XRP can be fixed on the path to increase. Under the influence of the bulls, it is entirely possible that XRP can test resistance levels of $0.230, $0.240, and $0.250.

Today, from the technical graphs of the movement of the XRP/USD price, it is obvious that the coin is in an uncertain state, since there are all chances for both bulls and bears to pull the blanket over themselves. If everyone in this fight is defeated by the bulls, XRP may gain a foothold at the support level of 2300 SAT, if bears will dominate, XRP may fall to the level of 1900 SAT.