Price Analysis

Ripple Intraday Price Analysis: Ripple(XRP) Struggles to Keep Bearish Trend Away

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  • Ripple price faces turbulence; even goes below 0.40 USD
  • XRP is currently trading at 0.40 USD
  • XRP/USD price trend appears a bit volatile

Yesterday, it went all bullish as it achieved 0.41 USD price mark with a steady price surge. It maintained its price there before downtrending again. If we compare the current Ripple price with that of in January this year, it appears that the crypto-coin has gained noticeably pertaining to its price.

But, in the last week, it was difficult for XRP price to cross the 0.40 USD price point. After the recent price surge to 0.41 USD, XRP price is again witnessing turbulence.

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Current Statistics of Ripple:

At 04:03:35 UTC, it is trading at 0.40 USD. Having 17,084,468,815 USD as its Market Capitalization, 42,501,950,124 XRP as part of its Circulating Supply. It fetches 6,743.38% of Return on Investment (RoI).

XRP Price Chart:

Ripple Price Chart

XRP to USD Comparison:

From 0.41 USD, it took a gradual fall to 0.40 USD with a decrease of 1.90% in its price. It struck a rebound after which it was hovering between 0.40 USD to 0.41 USD. After a sharp price drop it maintained its price at 0.40 USD. However, today, it even broke the major support level of 0.40 USD and hit the bottom at 0.39 USD. In the highlighted part, it has been oscillating between 0.39 USD to 0.40 USD. After crossing the fall, with a rebound at around 3:15 UTC, it has not tumbled down further until now.

XRP Prediction and Conclusion:

It is likely to rebound gradually. If it manages to take a bullish uptrend, then it may face resistance level at 0.413 USD, if crosses a major resistance at 0.409 USD. Also, if it drops further, then, it can see support levels at 0.398 USD and 0.395.

Ruti Vora

Ruti regularly contributes in-depth news articles for leading cryptocurrencies. She contributes technical chart-based price updates and analysis pieces on world's leading digital currencies. She holds graduate degree in journalism.

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