Price Analysis

Ripple Continues to Struggle; Plunges 4% Overnight

  • Ripple loses 4% in the past 24 hours and touched 0.27 USD
  • The next support awaits at 0.2667 USD

Ripple (XRP) plunged by 4% over the last 24 hours and the value has now been confined around 0.27 USD price area. It has shown three major shifts over these 24 hours and the price movements have been in the range between 0.28 USD and 0.26 USD.

Ripple Price Analysis:

XRP’s first swing started at 00:03 UTC and over the next 10 hours, it went on to lose 0.0173 USD and got placed at 0.2650 USD, marking the lowest for the day. It was followed by a hike of 3.47% which led XRP to USD to trade at 0.2742 USD. At 16:10 UTC, XRP price got weakened and faced a 2.01% deduction and by 01:10 UTC. It closed the day around 0.2650 USD.

The current market cap has seen a marginal rise in value. On October 10, the market cap was at 11.744 billion USD and it rose to 11.839 billion USD in the last 24 hours.

Ripple Price Chart
XRP Chart By TradingView

XRP’s 20-day average has maintained its value above its 50-day average. And the current price trend has moved below both the lines. It justifies the 4% fall in the last day. It may soon fall to the support of 0.2667 USD. The medium-term, however, may get bullish.

Ripple (XRP)Resistance and Support Levels
1st Resistance$0.279
2nd Resistance$0.286
3rd Resistance$0.292
1st Support Level$0.266
2nd Support Level$0.261
3rd Support Level$0.254

Scott Cook

Scott Cook got into crypto world since 2010. He has worked as a news writer for three years in some of the foremost publications. He recently joined our team as a crypto news writer. He regularly contributes latest happenings of crypto industry. In addition to that, he is very good at technical analysis.

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