Ripple is currently heading towards its recently formed support levels after it faced resistance above $0.2390. The coin has been responding optimistically to the current bullish trend of Bitcoin.
XRP Price Analysis
Notably, Bitcoin is already trading above $9200, and it is giving hope that it may touch the psychologically crucial price mark of $10,000 if the bull-run keeps going on.
XRP kept trading above $0.2379 after the daybreak today. The coin has recently traded above $0.24 but couldn’t trade above $0.2409. The pullback took the coin at $0.2362, which is where it has found a support level.
With a rebound, XRP reached as high as $0.2393 and then again corrected down to deepen the support levels. Now, the coin is hassling to start a fresh increase from $0.2366.
Bollinger bands are set to see a stable phase after quite a bit of volatility. MACD is in the bearish zone but is having its MACD line on the upside. RSI is at 41, showing no extremities.