XRP price up 10.23% on the day. It was the largest one-day XRP percentage gain since April 13.

The move upwards pushed XRP's market value up to $51.31423B, or 2.77% of the total cryptocurrency market capitalization. At its highest, XRP's market cap was $83.44071B.

XRP price had traded in a range of $1.09342 to $1.17095 in the previous 24 hours.

XRP/USD pair has rebounded above $1

Over the past 1 week, XRP price has seen a drop in value, as it lost 30.12%. The volume of XRP coin traded in the 24 hours to time of writing was $16.40803B or 7.19% of the total volume of all cryptocurrencies. XRP has traded in a range of $0.8937 to $1.5627 in the past 7 days.

At its current price, the XRP coin is still down 65.39% from its all-time high the price of $3.29 set on January 4, 2018.

XRP/USD pair has rebounded above $1.00 after declining to lows of $0.86. The XRP/USD pair continues to trade with a bearish outlook though. The technical support indicators put bears in charge on the daily chart.

The downside pattern could see XRP/USD drop to the 50 SMA ($0.82). Further targets for sellers could be at a price of $0.77 and $0.50 before XRP price bulls bounce into the picture.

The current price support level is just above the 61.8% Fib retracement level of the swing high to a price of $1.96 near $1.03. If bulls buy the dip and swing higher, the immediate resistance level is at the 50% Fib level ($1.21). Targets above $1.50 remain legitimate, with a potential bullish reversal if the price breaks above the 23.6% Fib support level.

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