Ripple Price Analysis: Ripple Price Has Dropped by 10% Since Last Month

Ripple (XRP) has seen sharing their thoughts on academia, addressing the gap in Blockchain skills. But how convenient and accurate it might be! Well, one might say that it is a perception by one of the currencies and might not be the stated fact. Only time will tell. 

Current Statistics of Ripple:

Ripple price is trading at $0.2697 at 01:16 UTC on 23rd August 2019. The important factors of the coin are mentioned below: 

  • Return on Investment: 4486.68%
  • Total supply/Circulating Supply: 99,991,376,954 XRP/ 42,890,708,341 XRP
  • 24 Hour Volume: 1,063,575,649 USD
  • Market Cap: 11,555,373,056 USD
  • 7 Day high/low: 0.289091 USD / 0.256977 USD

XRP to USD Price Comparison:

Ripple Price Chart - 23 Aug

Considering the data from last one month, XRP price was initially trading at $0.30020 on 28th July at 21:30 UTC. The value then increased by 9.34% on 5th August at 11:30 UTC with the trading value of $0.3284. The value dropped, however, by 11.43% on 9th August at 17:30 UTC with the trading value of $0.29092. The value went further down by 13.19% on 15th August at 05:30 UTC when the trade value changed to $0.2523. The value from then is increased by 6.88% as of now. 

Ripple Price Prediction & Conclusion:

Today, on 23rd August, it seems that the XRP price might drop down until the rest of the day. Considering that XRP is trading in a downtrend, it might be a better decision to ‘buy’ XRP currency as of now for better returns in the near future. 

Since ‘buying’ XRP is a better trade option, you might want to focus on resistance and support levels for safer trading.

Resistance Levels

R3: $0.28691

R2: $0.280126

R1: $0.275535

Support Levels

S1: $0.26416

S2: $0.257376

S3: $0.252785

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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