Ripple (XRP) needs support to rise to $0.25
Ripple (XRP) currently trades at $0.18 and has fallen by 2% today. XRP is the cryptocurrency used by the Ripple payment network. Built for enterprise use, XRP aims to be a fast, cost-efficient cryptocurrency for cross-border payments. The 20-day EMA has flattened out and the RSI is close to the center, which suggests that the sellers are losing their grip.
Based on this information, investorsQ rates this stock 5 out of 10. We give it this rating based on current information. XRP/USD can move up to the 50-day SMA at $0.21, which might offer resistance. After this level is crossed, the next move can be to $0.25. The high forecast for Ripple is $3.00 and the low is $0.23. Notably, the company’s market cap is $7.80 billion with a 52 week high of $0.50 and a 52 week low of $0.11.