Ripple Finds Roadblock; Loses 0.97% Overnight

• Ripple went on to lose 0.97% in the last one day.
• The support for XRP may come at 0.26 USD.

Ripple (XRP) has been down by 0.97% over the last 24 hours and the value has now been confined to 0.27 USD. Yesterday’s price movements have been in the range between 0.2845 USD and 0.2711 USD.

Ripple Price Analysis:

Yesterday, Ripple started the trading day around 0.2766 USD, wherein the first swing added 0.0091 USD and got placed at 0.2845 USD. From there it faced a roadblock and in the next 11 hours and 54 minutes, it fell to 0.2711 USD after a 4.71% decrement. It was followed by a swift rise of 3.18% and it pushed the overall value to 0.2797 USD. The last variation started at 21:08 UTC and it lasted till 00:16 UTC and in these 3 hours and 8 minutes, it went to add 2.45% and reached 0.2799 USD.

In the past 24 hours, XRP price got hit on every front. Its market cap has taken a shift from 12.02 billion USD to 11.93 million USD. In the last 7 days, the growth was observed in the date range of 5–8 October. Visit here to know more information about the future projections of Ripple.

Ripple’s current price trend has been going below both its 50 days and 20 days averages and its 50 days average has maintained a good distance from its 20 days average. It shows the struggle of XRP since the last few days. It is expected to fall to its support of 0.26 USD in the coming few days.