Ripple Price Analysis: Ripple (XRP) escalates by 4% in 24 hours

After Brad Garlinghuse, CEO of Ripple (XRP), comment on Libra controversy, it has acquired attention from all over the globe. However, it might not affect the popularity of coming up Libra, but cryptocurrency followers have a lot of questions related to what Libra might be focusing on! Ad users are hoping to get those answers from Ripple’s CEO. Let’s hope that Ripple coin also attracted some publicity after this discussion.

Price Analysis of Ripple (XRP) of 20th July 2019:

Ripple coin is currently trading at $0.32458 at 08:37 UTC as on 20th July 2019. The other calculated factors in the XRP capitalization are:

  • Market Ranking: 3
  • Return of Investment: 5444.72%
  • Total supply/ Circulating Supply: 99,991,553,791 XRP/ 42,832,704,971 XRP
  • 24 Hour Volume: 1,203,405,600 USD
  • Market Cap Value: 13,950,094,485 USD
  • 7 Day high/ low: 0.337701 USD/ 0.291294 USD

XRP to USD Comparison:

Ripple Price Chart - 20 July
Ripple Chart by TradingView

Yesterday at 02:05 UTC, the coin was trading at $0.31780, which dropped by 2.19% at 13:02 UTC yesterday. The coin was trading at the value of $0.31084. Ripple price today saw an escalation by 4.04% at 00:43 UTC with the coin trading at $0.3233. The value at 03:08 UTC today was increased by 2.75% with $0.3322 trading value. As of now, the value dropped by 2.41% at 08:29 UTC from then trading at $0.324.

Ripple Price Prediction and Conclusion:

With XRP price trading in the strong bearish trend, this might be a good time for the potential traders to ‘buy’ XRP. All the traders are hoping to be surprised soon with XRP escalating back in the bullish zone. As of now, traders might want to consider the calculated resistance support level for the safer bid, which is mentioned below:

  • R3: 0.335722
  • R2: 0.330116
  • R1: 0.32536
  • S1: 0.314998
  • S2: 0.309392
  • S3: 0.304636

And if the sleeping shark wakes up soon enough, by the end of 2019, we might see the trend hitting $0.7 valuation.

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.

Related Articles

Back to top button
Bitcoin (BTC) $ 65,762.62
Ethereum (ETH) $ 3,417.60
Tether (USDT) $ 1.00
BNB (BNB) $ 597.34
Solana (SOL) $ 142.25
XRP (XRP) $ 0.470058
Dogecoin (DOGE) $ 0.133947
Cardano (ADA) $ 0.405118