Ripple up 7% in 24 hours: XRP needs to reclaim $0.7

Cryptocurrency Price analysis and Prediction

February 25, 2022

Cryptocurrency Price analysis and Prediction

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Ripple price analysis for Feb 25, 2022, confirms that the XRP token has turned bullish in the last 24 hours, rising by more than 9%, and now, the token has reached an important price level. With the Russia-Ukraine conflict attracting the attention of investors, the token had dropped below $0.7, as seen in our XRP price analysis for Feb 24. Now, the token aims to reclaim $0.7 on Feb 25.

The data from CoinMarketCap shows that the Trading Volume of the token has surged 71.72%, while the market cap of the token rose by more than 9% in the last 24 hours. Moreover, the Volume / Market Cap Ratio has a value of 0.1483, while the Market Dominance of the token rests at 1.94%.

The daily candle for Ripple opened at a price of $0.69 and reached a daily high of $0.7055 which is now a major resistance for prices. Moreover, the daily low for the token stands at a price of $0.68. Furthermore, at the time of writing, the price of 1 XRP has a value of $0.6998.

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Ripple price analysis on the daily chart for Feb 25

Ripple price analysis for Feb 25, 2022, will be implemented using 3 major indicators in the crypto space, which are useful in tracking potential price movement.

Source: TradingView

The MACD indicator shows that the MACD line remains below the signal line as the MACD histogram is also bearish with red bars.

The RSI line shows a value of 44.24, which is just below the neutral zone. The gradient of the line has turned nearly neutral as buying pressure has started to fade.

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The price action is now aiming to reach the middle zone of the Bollinger Bands, but bears are in charge and are not letting the price action move from the lower end of the Bands.