Price Analysis

Ripple Price Analysis: Ripple (XRP) Gradually Diminishes Negative Growth; Price Rally May Take Time

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  • Ripple (XRP) is still down by 0.17% over the last 24 hours.
  • The bullish medium-term outlook places the target at 0.7 USD.

Contrary to the market’s trend, XRP has not yet started strengthening. The coin is still down by 0.17% over the last 24 hours. The four significant price swings, though, gave some high values, but it could not be sustained for long. The coin has high chances of reaching 0.7 USD by this year’s end.

XRP to USD Price Statistics-

XRP Price Prediction- August 03
XRPUSD Price Chart by TradingView
Ripple (XRP) 3rd August 06:02 UTC
Rank 3rd
ROI (Return on Investment) 5,283.58%
Coin Circulation 42,872,646,068 XRP
Market Cap 13,509,783,939 USD
Value in USD 0.3141 USD
Value in BTC 0.00002924 BTC
24h Volume 898,632,187 USD

XRP to USD Price Comparison-

XRP started the day off around 0.31 USD. It got a huge push of 1.17% between 00:30 UTC and 07:23 UTC. This hike added 0.0037 USD to the coin.  After this small hike, the coin got a blow and reached 0.3098 USD over nine and a half hours. The third swing came in terms of another hike. It was small yet effective and placed the value near 0.3130 USD. The next hike or the last variation was a small hike between 00:54 UTC and 02:39 UTC of today. This hike made the investors rich by 1.51% and this brought the value of each coin against USD at 0.3160 USD.

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XRP Price Prediction-

Ripple has high potential to perform exceptionally due to its high user’ base. The coin may touch 0.7 USD by the time this year ends.

Ripple (XRP)
1st Resistance 0.317232 USD
2nd Resistance 0.32207USD
3rd Resistance 0.325264USD
1st Support Level 0.3092USD
2nd Support Level 0.306006USD
3rd Support Level 0.301168USD
Conclusion-

Ranked amongst the top 3 positions in the crypto market, XRP has enough potential to perform. The coin’s recent movement may not show any immediate rally, but it eventually will have a high price by the time 2019 ends.

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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