Ripple XRP price data analysis: XRP is performing low against BTC

The Ripple XRP is surprisingly reluctant in climbing against the US dollars while the price is also not performing well against Bitcoin (BTC).

Although Ripple remains the second-largest cryptocurrency by market cap Ethereum is the second most traded cryptocurrency. Similarly, Ethereum’s price rose by around 75% over the last three months while Ripple’s price rose by 17% over the same time period.

The token’s price surged above zero point four-zero dollars ($0.40) but failed to close at it every time.

The key supports lie at $0.39 and then $0.38 the latter being stronger support as both the 100 and the 200-day estimated moving average (EMA) converge there. After that support lies at $0.36 and $0.35.

Ripple XRP price chart by Trading View

The key resistances lie at $0.40 and if the token manages to close above it the next resistance lies around $0.4235 and then $0.46 where the bearish 61.8% Fib retracement level resides. Moving above next resistances are at $0.49 and $0.50.

Although the stochastic RSI is bullish, it fails to break above the 50 levels. Moreover, the trading volume continues to decline during the month.

Ripple XRP price chart by Trading View

The crypto struggles even more against Bitcoin and has established new yearly and twenty-month lows as the crypto fell below 3200 Satoshis (SAT).

The nearest resistance lies at 3370 SAT and then 3629 SAT and higher above at 4000 SAT then at 4377, 4500 and 4800 SAT.

Key supports lie at 3100 SAT and 3000 SAT and even lower at 2710 SAT and 2455 SAT. The trading volume is decreasing but is better than it was when the year started. However, the RSI remains lower than 50 to show that the bears still control the market.


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