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# Ripple Price Analysis: XRP Reverses Yesterday’s Momentum

Posted on March 30, 2020 May 9, 2020 by Jacob Willey | 7484 Views | 6 min read
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Ripple (XRP) seems to recover yesterday’s loss within the next few hours. The spectacular improvement spree seems to take the price to the next level. The improvement in the momentum embarked since the beginning of the day and is still intact. We are expecting that the day would end with a colossal profit.

XRP coin was spotted trading under bearish hold for a long time. The ongoing month has brought a massive plunge in the price. The traders were disheartened and were expecting the coin to mark recovery any time soon. Well, the current improvement has helped the investors to regain their trust in the currency.

## XRP/USD Price Chart:

Ripple cryptocurrency started dealing at $0.176 on yesterday. Within the next hour, the price dribbled to $0.171 by a 2.3% fall. However, the price recovered to $0.174 in the next 3 hours. XRP coin price dropped again, and at 10:26 UTC, the coin was at $0.170. In the following 4 hours, the currency escalated to $0.174 by 2.12% hike. Later, the coin hung around the same level till 16:19 UTC, but the following period carried regression. The price touched $0.162 by a massive fall of 6.58%. The intraday movement in the coin brought an 8.31% loss in the coin.

Today, Ripple started with an improvement of 3.06%. The price counters shifted from $0.162 to $0.167. Later, the price escalated to $0.174 by 4.86%, and now the coin is at $0.172. XRP coin has breached the immediate resistance level of $0.0172. The next resistance level at $0.180 is likely to be violated in the impending hours. However, if the market pressure strengthens, then Ripple price might reach below the immediate support level at $0.159.

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Jacob Willey
Jacob Willey is a cryptocurrency professional. He has vast knowledge about crypto currency exchange. He also provides guidance about stock exchange. He loves dealing with statics numbers.

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