Cryptocurrency News
XRP Consolidation Phase May End Soon With a Bullish Breakout
2022.05.21 12:05
XRP Consolidation Phase May End Soon With a Bullish Breakout
- Ripple (XRP) has seen a slight price loss in the last 24 hours.
- XRP’s price is in a consolidation phase, but a bullish breakout may be on the cards.
- Confirmation of the bullish breakout would be the RSI crossing above the RSI SMA line on the 4-hour chart, followed by the price rising above the 8 and 20 EMA.
Ranked sixth on CoinMarketCap’s list of the biggest cryptos by market cap, Ripple (XRP) has seen a slight price loss in the last 24 hours, according to the crypto market tracker.
At the time of writing, the price of XRP is around $0.4127, which is a 3.92% price decrease compared to what it was 24 hours ago. The weekly performance of Ripple has also seen it at a loss as its price dropped 4.45% over the last seven days.
XRP has also weakened against Bitcoin (BTC) and Ethereum (ETH). Currently, 1 XRP is worth 0.00001404 BTC and 0.0002092 ETH. This means that XRP has weakened 1.29% against BTC and 1.63% ag …
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