Ripple Price Analysis: XRP Attempts to Break Through the $1 Threshold One More Time

XRP plummeted earlier today, quickly finding support at $0.90 and the goes upward, however, was short-lived, as the cryptocurrency reversed and fell below $0.90 support.

XRP has a bearish bias right now. The signs are still negative, and the recent failure to keep the price above $1 gives little reason to believe that XRP can rally at this moment.

Ripple going on price

Currently, the price of XRP is standing at $0.9832 with the change of 1.19%. At the time of writing the market cap of coin is $46,451,355,760 along with the trading volume of $2,195,203,488 in the last 24 hours. The circulating, total and maximum supply of the coin is 47.25B XRP, 99,990,075,944 and 100,000,000,000, respectively.

The bulls were not strong enough to keep XRP over $1 despite a worthy try two days ago. Price only remained above $1 for a day before falling again. Since then, the cryptocurrency has been dropping towards the $0.89 support level, with $1 remains the main resistance level.

This demonstrates that the bears are still in charge of the price activity. XRP is unlikely to attract much market attention unless bulls’ retake and hold prices above $1.

Today’s price chart for Ripple is negative, and after breaking through the $1 barrier earlier today, more losses are anticipated. The $0.90 support level is likely to be revisited by XRP next week.