Ripple Price Analysis: XRP / USD Is Around $ 0.30

Ripple Price Analysis: XRP / USD Is Around $ 0.30

• Ripple continues to move sideways around $ 0.30 on the second day.
• XRP / USD is on track to show the highest weekly close in almost a year.

Ripple (XRP / USD), after rising to its highest level since February at $ 0.3262 at the beginning of the month, appears to have made a correction and found support near $ 0.27. Following this drop, Ripple has entered a phase of consolidation and continues to struggle to make a decisive move in both directions. On Saturday, XRP / USD closed almost unchanged around $ 0.30 and continued to trade near that level on Sunday. Technically speaking, if Ripple manages to stay above $ 0.2940 (23.6% retracement of Fibonacci latest rally) at the weekend, it will cost $ 0.3185 (the high of February 16) and $ 0.3460 (2020's high. he can try to rise towards his highest level). On the downside, supports are located at $ 0.2940, $ 0.2820 (20-day SMA) and $ 0.2745 (Fibonacci 38.2% retracement).