Ripple (XRP) remains in great shape despite the 3-day market slump.
Ripple seems to be resistant to the ongoing market crash. For instance, the price of Bitcoin dropped from $8,200 to $7,800. Similarly, the price of Ether saw a 4.52% decline: from $177 to $169.
However, the price of Ripple (XRP) has remained unperturbed. In fact, it has increased by 27% in 3 days, rising from below $0.2600 to above $0.2700. Eventually, it touched the price of $0.2752.
Currently, it is the best-performing coin out of the top-10 on the market.
Technical indicators reveal that the hourly MACD (moving average convergence/divergence) is gaining traction in the bullish zone. Accordingly, the hourly RSI (Relative Strength Index) for XRP/USD is above the 60 levels, exposing bullish signs.
Besides, major support levels are $0.2650, $0.2620 and $0.2550, while major resistance levels are $0.2700, $0.2720 and $0.2750.
Exciting times for XRP community
Some analysts attribute the price trend to the addition of large financial service providers onto the Ripple’s blockchain solutions. Specifically, they are citing Ripple’s strategic partnership with major remittance service provider MoneyGram.
Others pinpoint different factors. They’re pointing toward the declining volume in the crypto market and the selling pressure on dominant cryptocurrencies like Bitcoin and Ethereum. Thus, the price of XRP increases.
Regardless, the robust XRP community cannot hide its excitement.
Uselesscaptain10 tweeted: “$XRPBTC weekly chart. The first time XRP has printed 4 consecutive green weeks in 2019, not big movement but green nonetheless.
This could indicate a slower/more stable growth instead of explosive moves we’ve seen before. Good thing IMO. #XRP #Crypto”
Rubika Ventures tweeted: “Surprising #XRPBTC is exceeding all our expectations and we already have more than 15% of profits.”
Chainsaw Jackson twitted: “Yiiiiiiiiiiiiiiihhhhaaaaaaaaaaa #XRPcommunity
ANYONE ELSE FEELING THE #XRP ROCKET STARTING TO F***ING LAUNCH!!! Q4 #SWELL.”
Previously, Altcoin Buzz reported that Ripple announced a partnership with BitPay.