Price Analysis

Ripple Price Analysis: Ripple (XRP) Touches $0.41 Point; Bullish Period is Ahead

  • Ripple (XRP) touched 0.41 USD after a struggle of 5 days.
  • The 2019 target remains unchanged at 0.75 USD with momentum to cross 0.50 USD until next month.

Ripple (XRP) has made quite a journey to give the world an alternative to the existing conventional financial system. Though the coin has its best days exactly 1 year before this period when the coin even touched 3.5 USD, the current progress is also noteworthy. After struggling in the market to touch 0.41 USD for the last 5 days, the coin finally managed to do that. Though the growth has not been a significant one, it is likely to be sustained. In the last 7 days, on 10th June, the coin even was being traded around 0.38 USD, but it soon got its momentum back. In the last 24 hours, the coin has been growing with a stable pace with only one exception when the coin showed an unprecedented steep fall. However, the medium-term outlook is bullish for Ripple (XRP). The year ending price is likely to remain around 0.75 USD. Let us look at the current details of the coin.

Current Statistics From Ripple Price Chart:

Ripple Price Chart -16 June

Ripple (XRP)16th June 01:54 UTC
Rank3rd
ROI (Return on Investment)6,906.68%
Coin Circulation42,501,950,124 XRP
Market Cap17,398,594,599 USD
Value in USD0.4142792 USD
Value in BTC0.00004651 BTC
24h Volume1,349,019,400 USD

Ripple Price Comparison-

Ripple (XRP) started the year 2019 with a moderate value, but it could not sustain the momentum for long. By 29th January it was being traded around 0.2926 USD, which is the lowest point of the year for Ripple (XRP). By the last week of March, the coin showed some strength. Over 11 days, it gained 19.76%. But as soon as the April boom ends, the coin fell down by 20.09% in 18 days to reach 0.2926 USD again on 25th April. But a major growth can be noticed just after the 1st week of May, on 9th May the coin started gaining. It stopped on 15th May after gaining 52.58%. The market cap on 16th May was 17,508,881,460 USD and the value of each coin was 0.4231969 USD. The current market cap and the value of each coin in USD are respectively 0.62% and 2.10% less than the values of the last month.

Ripple Price Prediction-

The medium-term outlook is bullish. By the end of this year, the coin is likely to reach 0.75 USD price level.

Conclusion-

Buying fresh coins is advised only if a long-term holding is a target. It is likely to give 100% returns by the 1st quarter of 2020.

Tags

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.
Back to top button
Close