While the woes related to Coronavirus have been affecting the world since the last few months, the crypto market got trapped in the same with scarring intensity in the last 2 weeks only. Although the market was anyway not holding any roaringly bullish approach since mid-February.
XRP Price Prediction
Ripple opened on March 1 with a mild bullish approach at $0.2295. Over a week, the price reached above $0.24, and here, its price rally stopped. The coin gradually reached $0.20, and then it bottomed way below its crucial support levels amid the market crash.
After it reached as low as $0.12, XRP price has stopped dipping further and has managed a weak rebound near $0.14 till now. At present, Bollinger bands are showing a moderate volatile phase with a bullish MACD.
On the other hand, today’s price chart seems a bit bullish as it has hit the price mark of $0.15 with a hike of 6.74%. The coin has corrected down a bit at $0.1470 recently. Notably, XRP’s short-term SMA line has just climbed above the long-term SMA line as it has formed a bullish crossover. Even the 200-day EMA line is a bit below the price trend of Ripple noting a positive sign.
