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 Price
Ripple Chart By TradingView

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:

Ripple (XRP)
1st Resistance $0.257446333
2nd Resistance $0.265327667
3rd Resistance $0.270129333
1st Support $0.244763333
2nd Support $0.239961667
3rd Support $0.232080333

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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