Ripple Loses 5.7% Overnight; the Downtrend is Expected to Linger

• Ripple goes down by 5.7% in the last 24 hours
• The next support may come at 0.239 USD

Ripple has been down by more than 5% in the last 24 hours; the value has gone below 0.25 USD. The three price variations have given the price movement in a range of 0.2614 USD and 0.2456 USD.

Ripple Price Analysis:

Ripple was at 0.2614 USD at 03:10 UTC and this high figure was attained by the growing trend of the last day. However, this figure could not be sustained for long. It fell by 3.71% in the next 9 hours and 55 minutes and reached 0.2517 USD. The next variation started at 16:39 UTC and by 19:44 UTC it was at as low as 0.2456 USD. The last variation of the day started at 19:14 UTC; in the next 3 hours and 49 minutes, it went on to gain 2.32% and reached 0.2513 USD.

Ripple is one of the high ranked coins and its current dilapidated condition can be blamed upon the overall gloomy market. Both the 50 days average and 20 days average are going above the current price that hints at a delay for bringing a turnaround.

Resistance and Support Levels: