Home Ripple News XRP Senses a Bearish Blow: Can it Be a Buying Opportunity?

XRP Senses a Bearish Blow: Can it Be a Buying Opportunity?

It is not the first time where Bitcoin’s hefty price loss has put an inevitable impact on altcoins. However, the way XRP kept itself away from the sloppy dips below $0.19, is appreciable.

After the pandemic Coronavirus started haunting the crypto investors with its impacts over the market, XRP price has rarely been above $0.21. Yesterday, the coin, amid the bullish market, had attained heights above $0.21, although for a very short while, a sharp pullback of Bitcoin made XRP’s price collapse a bit below $0.20.

This time, XRP has stick to a bit stable approach; the currency has not shown any extreme loss in its price trend. This must be largely thanks to how Ripple managed to increase its user base, especially after the mid-March market crash (the famous Black-Thursday). XRP’s not so expensive price must have done wonders here; also, Ripple’s credibility is a huge plus here.

Ripple is continuing to please the community as in the current difficult situation; it has joined hands with ‘Moneymatch,’ enabling the free transfer of money in India.

Ripple’s strong ground has helped the coin this time to fight the bears. As the price has halted its downward rally at $0.19 only, this also can be considered as a short-term buying chance. As the altcoin found support at $0.1982, it has managed a recovery above $0.20 lately.

Ripple (XRP) Price News

Meanwhile, the technical indicators are in a mixed zone. The coin has not been able to hold above its 200-day EMA line while the MACD indicator has stepped out of the negative area.


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