Ripple Price Analysis: Ripple (XRP) Deals with Bear in the Intraday; Future Indications Remains Bright

Ripple is currently dealing with the bear. The market is also moving with the same trend. The traders believe that the XRP coin is affected due to the same. The market pressure would soon be uplifted, and Ripple will shine again.

The opening of the month has been good at Ripple end. We are positive that the XRP price would move up for the rest of the month. The traders have a great opportunity to dig in and book high profits.

XRP to USD Price Analysis:

The chart is taken from TradingView on 04th August 2019 at 08:36:09 UTC.

Ripple price chart - Aug 4
Ripple Chart By TradingView

Yesterday, the Ripple opened at $0.31147 and immediately jumped to $0.31566. The escalation marked was of 1.12%. Ripple coin couldn’t hold itself at the level and fell to $0.31292 from $0.31566. The regression noted was of 0.87%. Ripple started moving up after that drop. There was a double top shared maintained at $0.31742. The double top shape indicated a future upsurge in the coin. The currency closed at $0.31629. The progression marked during the day was 1.55%. Today, the XRP coin opened with a drop of 1.14%. The XRP price counters changed from $0.31629 to $0.31269. The regression was of 1.14%.

Current Statistics of Ripple:

Particulars Ripple (XRP)
Price 0.314542 USD
Rank 3
Market Cap 13,485,268,395 USD
24hr volume 744,476,488 USD
Circulating Supply 42,872,646,068 XRP
ROI 5254.97%

Ripple Price Prediction and Conclusion:

XRP coin has strong maintained itself in the crypto market. The future of Ripple is also bright. Thus, the investment in the coin wouldn’t go in vain. We are anticipating that the coin might be seen hovering around $0.7 by the end of the year. Altogether, the coin would be a profitable deal. The currency is best suited for a long term plan. The traders would be seen booking high profits on their investment.

Ruti Vora

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

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