Big Move In The Ripple Price Today - The XRP Community Is Delighted
There has been a very big move in the Ripple price today which confirmed the bullish momentum that started yesterday.
Indeed, it really starts to feel like Altcoins Season with the vast majority of cryptocurrencies showing good 24h percentage gains according to coinmarketcap.com
Ripple XRP, Stellar Lumens XLM and Dogecoin are some of the best performing cryptocurrencies of the day.
The Ripple coin price has been trading as high as $0.32 before correcting slightly.
XRPUSD chart analysis on Bitstamp shows that the ripple XRP price is still trading well above its 200MA on the 1H time frame but we are still waiting for the price to rise above the daily 200MA, which is at $0.35 - We would then start talking of a start of a mega bullish trend.
The other good news for the XRP Community and XRP's outlook is the increase in the 24h trading volume which as more than double. It went from around $800 Million to almost $3 Billion... and it is still rising.
It is important to note that yesterday, after breaking the important $0.28 resistance level, the price corrected briefly and use that very same price as support. This shows that a strong bullish momentum is in place and we should expect similar higher highs in the coming days.
The Ripple XRP price analysis is overall very optimistic and the same could be said about the company's fundamentals.
In 2019 the Ripple company has constantly strengthened his network of industry leaders and there is currently of rumor of a new deal with Coinbase. If confirmed this would be a golden alliance between one of the most popular cryptocurrency company and the leading cryptocurrency exchange in America.
Today's XRP price jump is bringing a lot of excitement in the XRPcommunity and speculators are updating their ripple xrp price prediction for the coming months. Many are now forecasting a ripple coin value of $10 by December 2019.