Ripple

The price of Ripple (XRP) is recovering from the previous downtrend, but faces a first hurdle at $1.24. In the last 24 hours, the bulls have retested the recent high twice, but the selling pressure is overwhelming.

The price of Ripple (XRP) has had an impressive bull market as it peaked at $1.34. Today, XRP is falling as buyers fail to sustain the bullish momentum above the recent high.

The price of Ripple (XRP) is rising as buyers return above $0.95 support and retest the $1.08 high. About 48 hours ago, the XRP price rose to the $1.08 high, but failed to maintain upward momentum above the recent high.

Today XRP corrected higher but failed to break the $0.83 high as price consolidated below the recent high. Ripple is still trading in the bullish trend zone as the altcoin is able to move higher. If buyers break above the $0.83 resistance, XRP could go as high as $1.00 or $1.07.

Following the August 1 rally, the price of Ripple (XRP) hit a high of $0.77 before being pushed back. The altcoin has been forced to move sideways between $0.70 and $0.76.

On August 3, 2021, the price of Ripple (XRP) fell back after rejecting the high at $0.76.

The price of Ripple (XRP) has continued to climb higher. This is because XRP has risen above its moving averages. As long as the price bars above the moving averages, the uptrend will continue.

The price of Ripple (XRP) is falling back to support at $0.62 after an impressive rally to a high of $0.68. The altcoin has earlier recovered above the $0.52 support to reach the previous highs.

The price of Ripple (XRP) is putting in an impressive run, but is running into rejection twice at the $0.60 level. On July 20, the bears had pushed the cryptocurrency to the previous low at $0.51, but the bulls bought the dips.