Ripple Gets Attacked by Bears; Price Drops to $0.27

  • Ripple (XRP) takes a steep fall on the intraday market
  • The possibilities of recovery are lower as the market pressure strengthens

Ripple price is registering loss on the intraday market. The coin is falling at a tremendous speed with no sign of recovery. In the previous week, the price was registering uptrend. The main reason behind the tremendous fall is extreme market pressure. It is speculated that the condition of the market will recover soon.

Ripple to USD Price Analysis:

Yesterday, Ripple started dealing at $0.291. The coin kept hovering around the same level for almost half of the day. The price shifted to $0.269 from $0.290 with the regression of 7.25%. The regression kept intact and took the price to $0.251 from $0.274 by 8.4%.

The closing hours reflected a slight improvement; the coin closed the day at $0.273. The intraday movement in the price booked 5.97% regression. Today, the currency is seen floating around $0.273. It is likely to remain the same for the rest of the day.

XRP Price Chart
XRP Chart By TradingView

XRP to USD is speculated to improve, as well as the current market pressure would be lifted soon.  As per the XRP current price, the coin is speculated to drop for the rest of the day. The price of coin is presently moving towards the immediate support level. Here are the support and resistance level chart.

Level Immediate Next Major
Resistance $0.291224 $0.308307 $0.323878
Support $0.25857 $0.242999 $0.225916

The traders interested in the currency can pick the long-term plan, as it is speculated to give a colossal profit. The currency is likely to have a great future. The brains behind the coin are under continuous effort to improve the popularity of the coin, which should give good results soon.

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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