Ripple’s XRP Price Action: XRP Surges 12% and Becomes Today’s Top Performer

2019-1-30 19:04

XRP Daily Chart – Source: Tradingview.com

Many top cryptocurrencies including Ripple’s XRP formed their 2019 lows yesterday.

XRP reached a low of $0.28 yesterday and is following up today with a significant spike which has brought it over two expected resistance levels.

Both $0.296 and $0.312 acted as significant support levels during previous price action in XRP.

$0.312 was an especially important level during trading last week.

It held as support numerous times before price finally broke below.

Rises have been taking place across the market today.

XRP is the top performer among major cryptocurrencies with data from Messari showing price recording an increase of 8.4% over the past 24 hours.

On TradingView, XRP is recording a 12% increase for the day.

The rise in XRP took place on significant amounts of volume showing strength behind the move.

XRP Hourly Chart – Source: Tradingview.com

Price has since started to fall back from the highs formed today.

Price looks likely to meet support at $0.312 as it has already tested this level twice and failed to fall below.

Key Takeaways: XRP is the top performer among major cryptocurrencies as it rises above two resistance levels. Price has since started to fall back but looks to be meeting support at $0.312 after already testing the level twice. Today’s rise in XRP took place on significant volume showing real strength behind the move. Latest Ripple News:

Ripple’s XRP: Price Falls Below Key Support After a Week of Consolidation

Thomas Lee Talks About the Instability of Stablecoins in a Guest Post for Ripple

DISCLAIMER: Investing or trading in digital assets, such as those featured here, is extremely speculative and carries substantial risk. This analysis should not be considered investment advice, use it for informational purposes only. Historical performance of the assets discussed is not indicative of future performance. Statements, analysis, and information on blokt and associated or linked sites do not necessarily match the opinion of blokt. This analysis should not be interpreted as advice to buy, sell or hold and should not be taken as an endorsement or recommendation of a particular asset.

Ripple’s XRP Price Action: XRP Surges 12% and Becomes Today’s Top Performer was originally found on Cryptocurrency News | Blockchain News | Bitcoin News | blokt.com.

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Ripple (XRP) на Currencies.ru

$ 0.5111 (-0.51%)
Объем 24H $801.775m
Изменеия 24h: -1.71 %, 7d: 1.19 %
Cегодня L: $0.5077 - H: $0.5177
Капитализация $28.257b Rank 7
Цена в час новости $ 0.3179 (60.77%)

xrp today ripple price action significant levels

Источник: blokt.com

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