The price of Ripple (XRP) is in a downtrend as the altcoin drops below the moving average lines. Today, the cryptocurrency value is declining as buyers are unable to keep the price above the moving average lines.
The price of Ripple (XRP) is moving positively as it has broken above the 21-day line SMA and resistance at $0.34. However, buyers need to keep the price above the 50-day line SMA to push XRP higher.
The price of Ripple (XRP) is still in a downtrend, but is making an upward correction to previous highs. Since August 28, XRP has been holding above the $0.32 support.
The price of Ripple (XRP) remains in a downward correction as the cryptocurrency holds above the $0.32 support. Last week, XRP continued its movement between $0.32 and $0.35.
Ripple's (XRP) price movement has remained unchanged after the August 19 plunge. Over the past week, Ripple has traded modestly as the altcoin fluctuates between $0.32 and $0.35.