Ripple Price Analysis – Week2[March 2019]

Over the last one week ripple price has not seen any major increase. Last week there was an increase in its price by 1%. Ripple (XRP) was trading above support level of $0.30 during the week.

Ripple Price Analysis

Ripple price dipped below $0.31 on 11th March as the line chart indicates and then moved upward again. After that the ripple price trend was above $0.31 but it could not break the resistance level of $0.32 during the entire week. During the week it broke many resistance levels as $0.3120, $0.3140 and $0.3150.

If we look at the downward trend from the chart then multiple support levels above $0.3120 were observed. In order to keep the price trend upward it should trade above the support level of $0.3100, otherwise it can experience the bearish trend.

Major Support Levels – $0.3100 $0.3120 and $0.3135.

Major Resistance Levels – $0.3170, $0.3200 and $0.3210.

Data Source: coingecko

Disclaimer: We do not encourage or suggest anybody to invest in XRP and other Cryptocurrencies, please do your own full research and follow the law/rules as per your country standard.

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Author: Manoj Raturi

I am a Blockchain Technology enthusiast and love to read and write about it.

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