Price Analysis

Ripple Price Analysis: Ripple Empowers Crypto Communities, But XRP Slumps Down To $0.38

Ripple has been constantly focusing on tapping the potential of the crypto communities to promote alternate modes of payments in banking. The firm has also achieved significant success in the past in creating awareness, but it has not yet started affecting the prices of XRP token directly. The current market statistics of XRP continue to portray the story of declining or static trends with no signs of recovery.

XRP Price Statistics:

In the last 5 days, Ripple (XRP to USD) has shown a downtrend of 7% dropping from $0.41777 to its current value at $0.38180 as on July 5, 2019, at 10:05:24 UTC. The coin has fallen as low as $0.37 in the last 5 days. XRP price roamed around $0.40 for most of the week with random surge and dips.

Ripple price chart - july 5

  • XRP is trading at $0.38 and 0.00003419 BTC
  • The market cap of the coin is noted to be $16,277,548,319
  • The 24 h volume of the coin is now $1,477,943,339
  • The ROI of the coin stands at 6,386.92%
  • The circulating supply of the token is now 42,566,596,173 XRP

Ripple closed yesterday trading at $0.38, and it also is the lowest recorded value of the Ripple coin in the day. XRP has shown a similar pattern today as well with negligible movement.

Ripple Price Prediction:

Ripple needs to break the loop in terms of the coin value and start trading above $0.50 for good. The coin has all the potential and strength in the world to do so, and it may cross $0.45 by the end of this week. In the last 3 months, XRP moved between the range of $0.36 and $0.50 and also traded above $0.40 in the second half of May. The coin may revive back to the same trend and may not look back again in the next few months.

Conclusion:

It is a good time to plan long term investments in XRP as the coin is highly lucrative in the next few years.

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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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