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Price Analysis

After Hitting an Yearly High of $0.90, Ripple’s XRP is Back at $0.82




Uncertainty Surrounds the market as the premier cryptocurrency Bitcoin trades fractionally below $46k.

Market Overview

Currently trading at $45.9k, Bitcoin is down 0.8% in the last 24-hours. Whereas, the coin lost its value by 2.6% over the past week.

During the last 30-days period Bitcoin went from the low of $39k to the high of $48k. Bitcoin hit an Year-to-Date high on March 28th. However, the coin dipped down again to $44k on April 1st. Now, trading fractionally below $46k, Bitcoin traded above $46k for 3 consecutive days.

From here, if the Bitcoin further depletes to $44k, it would clearly mean that the coin is in a bearish zone. However, if the Bitcoin Surpasses $47k again, $50k will be on the cards. But for that to happen there needs to occur an elongated upwards rally. Bitcoin’s recent behaviour has had a usual impact on other mainstream coins. As, except ADA, all the other top 10 coins are currently in a red zone. With SOL, AVAX and LUNA losing their value by 3.6%, 3.3% and 2.2% respectively. Whereas, ADA has gone up by 2.7% in the meantime.

XRP Price Breakdown

Trading at $0.82, Ripple’s XRP lost its value by 0.8% in a day and 4.7% over the week. XRP’s current price level is the same as it was at the beginning of the year. Similar to Bitcoin, XRP also reached an Year-to-Date high of $0.90 on March 29.

Now, if XRP reaches $0.85 again, the next stop will be at $0.88. However, if XRP dips down below to $0.79, subsequent support will be at $0.75.

As for the technicals, 4 hours MACD, the MACD for XRP/USD is now gaining momentum in the bearish zone and 4 hours RSI (Relative Strength Index) the RSI for XRP/USD is below the 50 level.

Gracie Perez is a part of RippleCoinNews team since we started. she holds a degree in Computer Sciences. From 2017, She has pivoted her career towards blockchain technology, with principal interest in writing Cryptocurrency news and different guides. She is also working with different online media outlets.

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