Ripple price analysis: XRP/USD Rallies to $1.24

TL; DR Breakdown Ripple saw a bullish momentum towards the end of yesterday’s price analysis chart.The circulating supply of Ripple is at $46 billion.In the early trading hours on the Ripple price analysis chart, XRP/USD pair traded in a moderate momentum. Ripple price analysis: General price overview In the early trading hours on the Ripple price analysis chart, XRP/USD pair traded in a moderate momentum. Five minutes later, the sellers took advantage of the sleeping bulls and came in large numbers, setting the coin price to drop sharply. However, the bearish trend did not take long before the bulls caused resistance at the intraday low. The bull dominance made Ripple trade-in head and shoulder patterns. Bears could let the bulls control the market at their watch, and so they came into the market, causing a sharp price decline to lows of $1.22. The XRP/USD pair has been trading between $1.22 and $1.24, a tight range suggesting that the Ripple market has low volatility. The green candlesticks seem to have outnumbered the red candlesticks signaling that the bulls have control of most parts of Ripple’s 24-hours price analysis chart. Source: Coin360 The most famous cryptocurrency, Bitcoin, has been trading positively since early this morning; it appears to be heading for $50,000 before the weekend. Bitcoin is currently valued at $49K, more than 4 percent above yesterday’s price. ETH appears to be on track for ...