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Price Analysis

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.

Ripple Price Chart
XRP Chart by TradingView

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.

Ripple (XRP)Resistance and Support Levels
1st Resistance$0.284104
2nd Resistance$0.289749
3rd Resistance$0.295929
1st Support Level$0.272279
2nd Support Level$0.266099
3rd Support Level$0.260454

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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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