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Price Analysis

Ripple Gets a Blow and Loses 0.24% Against USD

  • Ripple loses 0.24% in one day and gets back to 0.29 USD.
  • It may face the next resistance at 0.3089 USD.

Ripple seems to have followed the path of Bitcoin and halts its recovery process. In the last 24 hours, it has been down by 0.24%, and the current value has fallen to 0.2937 USD at the time of writing. The four price swings are in the range of 0.3023 USD and 0.2865 USD.

Ripple Price Analysis

The first swing for Ripple came at the onset of yesterday, and within the next 1 hours, it got down by 4.04% and managed to touch 0.2901 USD. Later, it could lift the value by 2.56% to touch 0.2975 USD by 08:12 UTC, and this had a break at 0.2967 USD. XRP price again got a blow of 3.68% and placed it at 0.2865 USD, the lowest of the day. However, XRP gathered strength and a hike of 3.81% were achieved by the coin having a break at 0.2927 USD, and this hike gave it an overall growth of 0.0109 USD and pushed the value to 0.2974 USD.

Ripple Price
Ripple Chart By TradingView

A few days ago, Ripple was constantly pursuing 0.33 USD, and now it is again struggling at 0.29 USD. This volatility has impacted the whole market, and it is there to sustain for a little long. However, Ripple may face resistance at 0.3089 USD. And it has a bullish medium-term outlook.

Resistance and Support Levels-

R1- $0.301, R2- $0.308, R3- $0.315

S1- $0.287, S2- $0.281, S3- $0.274

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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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