Home Ripple Price Analysis: XRP/USD needs a sustained breakout above $0.30
Crypto News

Ripple Price Analysis: XRP/USD needs a sustained breakout above $0.30

FX Street
Published date:
  • XRP bulls have cracked $0.30 many times but they have been unable to keep the price there.
  • Now $0.30 is the most important resistance and support level for XRP.

XRP has been fighting for the $0.30 level for the last month almost. It is now trading at around $0.29 after several failed attempts to stay above this decisive resistance level. 

XRP has been one of the weakest cryptocurrencies throghout 2020 and continues struggling even after a general market breakout. Its trading volume has also been decreasing quite significantly even though Ripple, the company that uses XRP has been able to achieve several important partnerships.

FX Street

FX Street

FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions.

WARNING: The content on this site should not be considered investment advice and we are not authorised to provide investment advice. Nothing on this website is an endorsement or recommendation of a particular trading strategy or investment decision.  The information on this website is general in nature, so you must consider the information in light of your objectives, financial situation and needs. Investing is speculative. When investing your capital is at risk. This site is not intended for use in jurisdictions in which the trading or investments described are prohibited and should only be used by such persons and in such ways as are legally permitted. Your investment may not qualify for investor protection in your country or state of residence, so please conduct your own due diligence or obtain advice where necessary. Crypto promotions on this site do not comply with the UK Financial Promotions Regime and is not intended for UK consumers. This website is free for you to use but we may receive a commission from the companies we feature on this site.

© forexcrunch.com All Rights Reserved 2017 – 2026