Price Analysis

Ripple Price Analysis: How Long The Ripple (XRP) Bull Run Will Last?

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Ripple (XRP) is recovering from yesterday’s fall in its own pace. Despite the fall, the coin is still showing potential to give good returns to the investors in the coming months.

After touching $0.466 on 30th and falling tremendously on 31st May, the charts of Ripple (XRP) are back in the bullish trend. As on 1st June 2019, at 09:38 UTC, Ripple (XRP) is dealing at $0.436.

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Ripple (XRP) is behaving a lot better from the last month than compared to the previous journey of 2019. The trend is anticipated to continue with the same flow.

Let’s have a look at the chart of Ripple (XRP).

XRP Price Analysis on 1st June 2019:

Ripple price chart - june 1

Ripple (XRP) is the third-largest currency in the crypto market.

The price of Ripple (XRP) is 0.436729 USD

The ROI stands at 7,335.15%.

In the last 24hr, the volume of Ripple (XRP) is 1,977,451,047 USD.

Market cap of Ripple (XRP) is noted as 18,422,086,188 USD.

The circulating supply of Ripple (XRP) is marked at 42,181,995,112 XRP.

Looking at the chart of Ripple (XRP), we can observe two tops are indicated at the price of $0.475 on 16th May and at $0.471 on 30th May 2019. The two tops in a chart usually indicate the bullish trend. As per the data, in the coming months, Ripple (XRP) will surely give huge dividends to the short term investors.

Ripple Coin Price Prediction and Comparison:

When the price of Ripple (XRP) is compared from the beginning of the year till now, then a tremendous increase in price was observed.

For a more precise picture, let’s compare the price from the last month. The price of Ripple (XRP) on 6th May 2019 was around $0.299579, and now the price is at $0.43639. The hike in price in the last one month is by 45.66%.

Altogether, Ripple (XRP) is showing all positive signs of a good return in the coming time. By the end of 2019, the price can go beyond $0.75. The price in the next five years is likely to touch a high of $2.

Conclusion:

Ripple (XRP) is in conversation with J. P. Morgan group for future venture. The investors have turned keen after the news broke. The price is likely to move up, and hence, and the short term investors are requested to hold tight.

The long term investors of Ripple (XRP) will undoubtedly draw huge dividends as Ripple (XRP) will soon enter in big ventures with leading companies.

Trevor Holman

Trevor Holman follows crypto industry since 2011. He joined CryptoNewsZ as a news writer and he provides technical analysis pieces and current market data. He is also an avid trader. In his free time, he loves to explore unexplored places.

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