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# Ripple Price Analysis: XRP Keeps the Upsurge Intact Amid Market Pressure

Posted on March 25, 2020 March 25, 2020 by Donald Troxel | 6867 Views | 8 min read
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Ripple has been counted among the top trending coins of the market. The recent momentum of the coin has been a great relief for the traders as most of the currencies are registering regressive price trend. The improvement in the coin would soon regain stable upside momentum. Today, XRP coin is speculated to give considerable returns to the traders. The future of the coin is also anticipated to be great.

## XRP/USD Price Chart:

If we look at the month-long price trend of Ripple cryptocurrency, it began the month on a positive note. However, after the first week, the currency started trading with strong downside momentum, and on March 13, it hit a $0.11 price mark. Later, XRP initiated price recovery, and from the last few days, it is trading with moderate upside momentum.

Yesterday, the price was at $0.159, and within the next 25 mins, the coin escalated to $0.162 by 1.99%. Further, Ripple price experienced pullback pressure and touched $0.157 at 04:43 UTC. After that, the XRP price improved, and in the next 7 hours, it reached $0.159. From this price point, the currency reflected a sharp upward move and reached $0.164, which was marked as an intraday high price. However, the currency couldn’t hold itself at this level and dropped to $0.159.

Further, Ripple coin tried to recover and touch $0.163, but the pullback pressure brought the price to $0.159 again. Then, the price improved to $0.163 again but slipped to $0.160 by 21:46 UTC. Before closing the day, the coin traded to $0.164 but ended at $0.163. The day-long movement reflected an upsurge of 2.36%.

Today, Ripple started with a plunge to $0.160 but escalated in the later hours to $0.164. The fluctuation brought the price back to back to $0.160. Later, XRP coin reflected the growth, and at 05:10 UTC, the price was at $0.162. Recently, the price has escalated to $0.165 and marked it as the highest price since the opening. The coin has breached the immediate resistance level at $0.164. The currency is heading to violate the next resistance level at $0.167 and looks like in the upcoming hours, the same would be breached.

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Donald Troxel
Donald Troxel has specialization in bitcoin. He has keen knowledge of crypto currency exchange particularly in bitcoin. He also leads people in bitcoin exchange.

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