Ripple (XRP) is the third largest cryptocurrency in the crypto-ecosystem. While it is a major player in the markets, Ripple price continues to be stuck in limbo for quite some time now. XRP price has been consistent between $0.30 and $0.32 for quite some time now.
If a bull-run takes place, Ripple price is bound to break past the $0.32 price point, with the next target being $0.35-$0.36. Given Ripple’s impressive performance in Q4 2017 and early 2018, we know that the currency has the capacity to take a massive jump from time to time. However, let us take a closer look at how the price of XRP has performed and where it is heading.
Ripple Price Analysis for March 2019
Over the past two weeks, Ripple, just like most other currencies in the top-10, has performed in a rather stable fashion. Like other currencies, Ripple too, appears to be on the brink of a bull-run. Ripple price seems ready to break out and perform but is being held back the market bears.
For Ripple, the current level of support is at $0.30 and the level of resistance stands at $0.32. Following a breakout, the next level of support would form at $0.325 or $0.33 and the next speculated resistance should be between $0.35 to $0.36.
Can Ripple Replace Ether?
The next big question here is: is it possible for Ripple to overtake the second position that Ethereum holds on to? The answer is YES. A Ripple price surge can lead to a major boom in XRP’s volume, making the overall market cap increase in leaps and bounds. We have seen Ripple take over Ethereum multiple times over the past year.
