- Ripple continues with the same pivot level of $0.22 after entering the day with $0.21
- The ongoing bitcoin halving buzz also anticipates the rise of XRP to cross $0.30 candle.
Wednesday is yet another good day for Ripple (XRP) which is currently trading $0.2143. Followed by the bullish trend of the Tuesday market that went from $0.1978 to $0.2145 the asset continued to maintain the Critical RSI of $0.20 on Wednesday Press time.
It’s also Interesting to notice the market growth since 12th March and how Ripple continues to break the RSI lines in two days.
Though it was a good opener for today at 0.214 and with a hike to $0.218, the price saw a slight decline and is anticipated to recover if it breaks the RSI of $0.22.
The Technical figures are Bullish
- The SMA50 report shows bulls action in comparison to the last weeks
- The MAC Divergence is also in a positive plot and shows signals of Bullish sessions ahead
- With all the Technical figures and market prediction, the RSI is also predicted at $0.2307
Also read, Ripple Price Prediction: Will Ripple Reach $5 In 2020?
Hodl XRP
With the Factors like Upcoming Bitcoin Halving session and XRP buyers thrust in recent sessions the Ripple XRP looks a little instrumental and can expect to hit $0.350 in the month of May.
The Speculations are already created and the outburst of magnitude like February month is expected.
What Propelled the XRP bulls to enter the market?
On positive news, the Siam Commercial Bank (SCB) initiated a partnership with Ripple to offer its banking clients the ability to sends their funds quickly and cheaply via RippleNet. The Siam Commercial Bank will release a mobile app, called SCB Easy, and will also launch its Outward Remittance Service on it based on the Ripple technology solution. The mobile app will be available to 16 million clients.
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