Market Slowdown Takes the Toll; Ripple Might Crash below $0.26
- Ripple is down by 1% and it might go below 0.26 USD as exhibited by its current momentum and trend.
- The next resistance for XRP may come at 0.2660 USD.
Following the price trend of Bitcoin, Ripple is also down by more than 1% over the last one day. However, the value of each coin is yet to go below 0.26 USD. It has been through four price shift phases and the range of XRP has been between 0.2637 to 0.2570 USD.
XRP to USD Price Analysis-
Ripple started its journey at 01:10 UTC with a fall of 1.40% which lasted over the next 8 hours and 57 minutes. The next variation was another decline in the value by 1.51% that happened between 11:08 UTC and 13:03 UTC. This decline placed XRP at 0.2570 USD, the lowest price of the day. It got strengthened after that and over the next 8 hours and 39 minutes, it could lift its value by 2.5% and reached 0.2635 USD. This hike had a break at 0.2580 USD. The last swing for the day started at 21:41 UTC and it fell by 1.31% by 03:25 UTC and it got placed at 0.2600 USD by 03:25 UTC, today.
Ripple Price Prediction-
Ripple has for now been affected by the slowdown of Bitcoin. As Ripple tends to avert market risks, recovery may be waiting around the corner. XRP may have its immediate resistance at 0.2660 USD. The medium-term outlook is likely to be bullish.
Resistance and Support Levels-
R1- $0.263, R2- $0.266, R3- $0.268
S1- $0.258, S2- $0.256, S3- $0.254
