Price Analysis

Ripple Price Analysis: Ripple Shows 6 Major Price Variations in the Last 24 Hours

  • Ripple (XRP) shows six colossal price swings in the last 24 hours.
  • The 2019 target price is expected to be 0.9 USD.

Ripple, as a reliable and robust cryptocurrency, has its class. Every category of investors accepts it as a profit-making investment product. The vast and extending price variations give ample space to the speculators and intraday traders to reap enough profit. In the last 24 hours, the coin has shown many significant variations.

Between yesterday’s 04:00 UTC and 05:38 UTC the coin managed to grow by 2.9%. Then the most significant rise of the day happened between 10:54 UTC and 14:31 UTC, when the coin gained 12.65% to fall again by 8.49% in the next 1 minute only. Another growth triangle can be noticed between 15:50 UTC and 19:04 UTC. The coin firstly gained 3.65% and lost 4.93% simultaneously. The latest growth was between 22:54 UTC of yesterday and today’s 01:15 UTC, when the coin gained 5.79%. The medium-term outlook is bullish, and the value may get as high as 0.9 USD by the year’s end if continues to grow with the commendable momentum. Let us look at the current details of the coin.

XRP Current Statistics-

Ripple Price Chart- June 23

Ripple (XRP)23rd June 05:31 UTC
Rank3rd
ROI (Return On Investment)8,056.14%
Coin Circulation42,501,950,124 XRP
Market Cap20,442,467,487 USD
Value in USD0.4813232 USD
Value in BTC0.00004451 BTC
24h Volume3,616,115,055 USD

XRP to USD Price Comparison-

At the very starting of 2019’s journey, the coin encountered a fall of 21.88% in 20 days. The onset of April boom pushed the coin to gain 19.79% over 11 days only to fall by 20.39% over the next 20 days. By 9th May the coin again got a hike of 53.14% over just six days. The market cap on 23rd May was 15,851,781,339 USD, and the value of each coin was 0.3783001 USD. The current market cap and the value of each coin are 28.96% and 27.23% more than the figures for the last month.

XRP Price Prediction-

The medium-term outlook of Ripple (XRP) is bullish. The coin is likely to reach 0.9 USD by the end of this year. The next resistance points are 0.505963667 USD, 0.537163333 USD, and 0.568859667 USD. The support levels are 0.443067667 USD, 0.411371333 USD, and 0.380171667 USD.

Conclusion-

The coin is an excellent bet for short-term traders. Long-term holding will give huge dividends.

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Ruti Vora

Ruti regularly contributes in-depth news articles for leading cryptocurrencies. She contributes technical chart-based price updates and analysis pieces on world's leading digital currencies. She holds graduate degree in journalism.
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