Over the last couple of days, XRP has faced one more bearish hit as it traded to touch the price mark below $0.12 again. However, after the rebound, the price has kept ranging around $0.14 with a stable approach. It is to be noted that XRP went through extreme ups and downs amid the market in ‘yo-yo mode.’
Ripple Price Prediction
On March 16, the currency held a very bearish attitude regarding its price trend. After a massive price shedding scenario on March 13 due to the Corona impact, this was a notable one. XRP coin price slightly surged above $0.15 before it steeply bottomed to $0.12.
The coin has gradually recovered with an escalation of 18% yesterday, where it has again managed to climb above $0.15. This price move has turned a few heads of XRP investors. Jeff Hardy, a business person, and a currency holder has tweeted today,
#XRP made what I like to call the #empirestatebuilding pattern earlier today I’m pretty sure it means moon shot some day. pic.twitter.com/qGCEhZk4nH
— Jeff Hardy (@ISO_XRP) March 18, 2020
However, the coin has not remained above $0.15 after that one price spike as the Ripple price has pulled back to the $0.14 price range.
The price trend of XRP coin is about to slip below the 50-day SMA line though the long term SMA line is below the short one noting a positive phase. Meanwhile, the MACD chart is in the bullish zone but may soon have a bearish crossover.
The coin has just slipped below the 200-day EMA line showing a negative price move. At the same time, the Bollinger bands have opened up a bit, indicating a moderate level of volatility. Here, RSI is nearing 30, showing an upcoming oversold spell.
