Ripple (XRP) price movement exhibits price correctionThe intraday momentum is likely to bring good news for the traders XRP coin was spotted moving at high pace on yesterday’s chart. The correction that took place a few days ago was being ruined and was thus troubling the traders. Well, the same has improved as the cryptocurrency …
XRP is a native cryptocurrency of Ripple which powers the payment technologies. The coin is currently ranking at 4th position according to the market cap of $8,754,403,632. XRP is currently trading around $0.18, and it is showing a bearish trend from the last few months. At present, traders can think of investing in Ripple for the long-term. Some analysts believe that with time, as Ripple technology will evolve, and it is adopted more into everyday use, the price of XRP will increase.
In May, XRP has begun trading around $0.212 and crossed 0.226 in the next couple of days. The price then again fell to the level of $0.21, and till May 10th, it struggled to keep itself above its crucial resistance level of $0.22.
XRP price saw another drop on May 11th, where it came down to $0.18. However, it recovered in the next few days, but the bullish momentum was limited to $0.205 resistance. If the resistance is broken, the coin has a chance of moving to the next resistance of $0.22, and the momentum is expected to trigger a hike to the $0.23 price level.
