Price Analysis

Ripple Price Analysis: Ripple continues to move sideways; trading at $0.38 now

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  • Ripple’s constant failure in registering price surge worries investors and traders
  • XRP continues to trade below $0.40 for two days in a row

Ripple has been taking giant leaps to promote blockchain-based payment options in cross border transactions by hosting workshops, webinars, and inking new alliances. However, the firm has been constantly failing to register any significant surge in the valuation of XRP token which continues to move below $0.40 now. The current market performance of XRP does not justify its position as the top 3rd cryptocurrencies in the global ranking.

Ripple Price Statistics:

On the last day, XRP token has only moved sideways between $0.38 and $0.37 range. The coin started at $0.38 and closed the day trading at $0.37. Even the highest recorded value of the coin was also $0.38. Within a day’s time, XRP has recorded a downtrend of over 0.46% dropping from $0.3876 to its current value at $0.3858 as on July 6, 2019, at 05:23:56 UTC.

XRP Price Chart

  • The current trading price of the coin is noted at $0.38 and 0.00003363 BTC
  • The market cap of the coin has reached $16,357,887,617
  • The 24 h volume is now $1,234,965,068
  • The ROI of the coin stands at 6,449.85%
  • The circulating supply of the coin has reached 42,566,596,173 XRP

Ripple may close the day trading at $0.37 again but may pick up pace in the next week owing to increasing prices of Bitcoin now.

Ripple Price Prediction:

Ripple may be moving slow since the onset of 2019 but the coin has been able to maintain steady trends irrespective of market fluctuations. There have been no evident falls from XRP in the last few months but it did surge above $0.45 for a brief time and touched $0.50 value. XRP may once again surge up to $0.50 by the end of this month and may cross $0.75 by the end of this year. However, the team of professionals needs to identify a way to increase the momentum of the coin.

Conclusion:

This is indeed a good time to invest in XRP token and save for the future. The coin is highly profitable and can provide huge returns in the long term.

Mehak Punjabi

Mehak Punjabi is a post graduate in MBA with specialization in Finance and has joined CryptonewsZ with a skill building view in the world of cryptocurrency and blockchain. She is dynamic and a quick learner with a hold on financial analysis.

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