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Price Analysis

Ripple Price Analysis: Ripple Records 2% Downtrend within a Day with Lowest at $0.26

  • RippleNet and XendPay enables users to transfer money efficiently
  • XRP token may surge up to $0.30 in the next one week

It has been a slow and sluggish month for most of the cryptos and Ripple is no different. After sailing at around $0.32 in the last month, the coin dipped as low as $0.26 this month, but this is expected to stop soon. The current market performance of XRP is showing signs of recovery, and it may roll over $0.30 in the next few days.

XRP Price Statistics:

Ripple has recorded a downtrend of 2% in the last one day slumping from $0.2781 to its current value at $0.2714 as noted on August 25, 2019, at 04:56:39 UTC. The coin, in between, moved as low as $0.2646 but then quickly jumped up to trade above $0.27. It has been like this since past one week, and XRP can be expected to move between the range of $0.27 and $0.30 in the next week as well, depending upon the current market performance.

Ripple price chart - Aug 25
Ripple Chart By TradingView
  • The price of XRP is noted to be $0.27 and 0.00002669 BTC
  • The market cap of the coin has reached $11,592,348,652
  • The 24 h volume of the coin is $983,096,626
  • The ROI of XRP stands at 4,506.53%
  • The circulating supply is noted to be 42,909,539,227 XRP

The lowest recorded value of XRP yesterday was $0.26, and in the last 7 days also it was this, but in the last 30 days the coin went as low as $0.25. The highest recorded value of XRP in the last 7 days was $0.28, and it may cross this value in the coming week.

Ripple Price Prediction:

Ripple can be expected to go as high as $0.30 by the end of the next week if the coin is able to cash the partnership stories, which became success. The coin may also start trading between $0.30 and $0.35 in the next month and may cross $0.35 in the next 2 months, once it successfully comes out of the oscillating loop.

Conclusion:

It is a good time to start planning long-term investments in the XRP token as the future is definitely bright and highly secure.

 

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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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