Ripple

Over the past two days, XRP fell to a $0.22 low and reached the oversold region of the market. In the long run, buyers are on hand to push XRP upward. Unfortunately, the uptrend is hampered as the bulls are repelled at $0.24 resistance. Buyers came back to retest the resistance but continue to push the price over it.

Ripple began a downward move soon after XRP was overbought at $0.34. In the last two weeks, XRP has dropped to a low of $0.22. During its downward move, the $0.28 price level has been knotty. The first bearish impulse was at the low of $0.28 where the bulls and bears tussle for a price over a week. Eventually, the bears have the upper hand, as XRP drops to the low of $0.26.

Ripple price drops to a low of $0.26 as a consequential effect of the coin reaching the overbought region. Before this time, the bulls have difficulty to penetrate the resistance at $0.28 for over a week. Sooner the price slumped to the low of $0.26, and Ripple rebounded to reach a high of $0.32.

Ripple has continued to fluctuate above the $0.27 support for the past four days. XRP was earlier in the overbought region of the market when the bulls reached a high of $0.34. As a result, Ripple has a sharp drop from its peak price to $0.27 low. Soon after the recent low, XRP rebounded and it reached a high of $0.31.

In the last 24 hours, Ripple has been fluctuating above the $0.27 support level. In the first bearish impulse, XRP fell and found support at the low of $0.27. Soon after that, the price rebounded and reached a high of $.30. The price retested $0.30 resistance twice before it fell to the same support at $0.27.

Ripple is faced with a setback as the bears erase all the bullish gains. The bulls had earlier moved up to a high of $0.34 after rebounding from the low of $0.28. Similarly, the bulls could have risen above $0.40, if they were successful above the resistance of $0.34.

Ripple’s final push to a new uptrend is here as the bull battles the resistance at $0.34.Earlier on the bull has overcome the resistance levels of $0.28 and $0.31 to reach the next one at $0.34. For the first time in six months, XRP has successfully penetrated the $0.31 resistance. Nonetheless, in the last 24 hours, the market has reached a high of $0.34.

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Finally, the bulls have broken above the $0.2879 resistance after days of consolidation. The coin is approaching the high of $0.32321. This will be the first time the coin will be trading above $0.31 price level since July 2019. This is an impressive move as XRP will be forming a new uptrend. The bulls are testing the historical price level of $0.32321 in July.