Price Analysis

Ripple Price Analysis – December 12, 2019: XRP Price Plunge Strengthens in the Intraday Movement

  • Ripple price reflects a moderate price fall today
  • The XRP coin is expected to delay the anticipated recovery

The intraday trading in Ripple is speculated to remain sluggish. The price movement is largely affected by market pressure. There is no sign of recovery in the XRP coin. In the market, the top players are also affected by the same. Bitcoin price is currently dealing at $7,200, Ethereum is at $143, and many more are hugely suffering. Ripple is also affected by the same. The improvement seems to embark in some time.

Ripple Price Prediction

Ripple News
XRP Chart By TradingView

Yesterday, Ripple cryptocurrency started dealing at $0.223. The price traded to $0.224 by a marginal hike. Later, the XRP price slipped to $0.220 by 1.66%. The improvement in the price took place that brought the coin to $0.223 by 1.24%. The coin couldn’t hold itself at the level and fell to $0.220 by 1.23% fall. The XRP price again improved and touched $0.2233 by 1.13%. The closing hours brought Ripple price to $0.2231 by 0.68%. The intraday movement reflected a 0.92% regression in the price. Today, the currency began the day with slight escalation. Later, Ripple price took a tremendous drop to $0.217 by 2.54%. Then, the price improved and touched $0.220 by 1.27%. The price slipped to $0.218 by 0.61%. The currency improved recently and is now at $0.221.

The current price of the XRP coin is $0.221. The same is also marked as the immediate support level. A few hours ago, the coin was dealing at $0.218 but had recovered from the same. The currency is anticipated to improve. However, there is a slight possibility of touching the immediate resistance level at $0.230.

Ripple is a high potential coin. The same is recommended to the long-term traders. The coin would give massive results in the specified time.

Resistance LevelPriceSupport LevelPrice
R1$0.230123S1$0.221982
R2$0.234794S2$0.218512
R3$0.238264S3$0. 213841

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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