- 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 to USD is speculated to improve, as well as the current market pressure would be lifted soon. As per the 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.
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.