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XRP (Still) Struggles At $0.40 While Creating Fresh 2019 Lows Against Bitcoin

The stagnation continues for XRP despite the insignificant 0.5% increase this past week. XRP struggles to claim any ground above the $0.40 level but continues to stay nicely supported at $0.38 where lies the 100 days EMA and 200 days EMA.

Ripple remains the 2nd largest cryptocurrency with a market cap of $16.87 billion. XRP has seen an increase of around 17% over the past 3 months. However, this is lackluster compared to Ethereum’s 76% surge over the same period.

Looking at the XRP/USD 1-Day Chart:Since our previous XRP/USD analysis, we can see that even though XRP spiked above the $0.40 level, the coin has still been unsuccessful in closing above that level. We can also see that XRP is strongly supported at the $0.3787 level where lies the 200 days EMA and a 3-month-old rising trend…

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