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Price Analysis

Ripple Loses 1.54% in a Day; May Lead to a Delayed Recovery

  • Ripple loses 1.54% in the last 24 hours and reached 0.29 USD.
  • The next resistance might be waiting at 0.31 USD.

Ripple is yet to get out of the impact of the slowdown that crippled the market immensely. Over the last 24 hours, XRP has lost 1.54%, and the current value is roaming around 0.29 USD. It has been through four price shifts in this period.

Ripple Price Analysis

The first variation of Ripple started at the very opening of the day, and over the next 11 hours and 54 minutes, it lost 9.53% and reached 0.2842 USD, the lowest point for the day. This huge fall had a break at 0.2978 USD. However, it was followed by a hike of 7.64% that added 0.0217 USD and placed it at 0.3059 USD. However, the value could not be sustained at 0.30 USD for long, and it took a dip to 0.2902 USD by 00:59 UTC, today. The last swing of the day started at 00:59 UTC, and over the next 1 hour and 50 minutes, it could add 0.0042 USD.

Ripple Price
Ripple Chart By TradingView

Ripple is one of the topmost coins of the market, and the last hike of Ripple installed many hopes on it. However, the current setback seems to have changed things for XRP. It may have to wait long to start recovery. The next resistance rests at 0.30 USD.

Ripple (XRP)Resistance and Support Levels
1st Resistance$0.305
2nd Resistance$0.312
3rd Resistance$0.320
1st Support Level$0.288
2nd Support Level$0.274
3rd Support Level$0.261

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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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