Price Analysis

Ripple (XRP) Price Analysis: Ripple Puts An End To The Grapevine By Announcing Its Growth Motives Loud & Clear

Ripple (XRP) was seen battling with the continuous ongoing rumor of the currency not being able to perform on the global market scenario. In order to stop these allegations and put an end to the ongoing damage to the reputation of the currency, the firm has recently shared the use case of one of its strongest global partners MoneyNetint. The currency has sent out a loud & clear message to the haters with the support of a long-standing client. The market trend can be expected to improve after this revelation.

Ripple Price Statistics:

After a price surge in the last week where the XRP coin value reached $0.46 mark, the current week has seen a downward movement. As on May 25, 2019, at 05:54:02 UTC, XRP was trading as shown in the graph below:

Ripple Chart

ParticularsStatistics
Price  (USD)0.39
Price (BTC)0.00004826
Market Capitalization16,320,867,220
24h volume1,687,843,172
Circulating Supply42,116,677,673 XRP
Return on Investment6,486.11%

 The ROI of the XRP coin stands at 6,486.11%. With a Market Cap of over $16 Bn, Ripple’s XRP stands at 3rd position in the global cryptocurrency ranking. In the last 7 days, the coin value has moved between the range of $0.42 & $0.36. The current price is dropping down before it rises once again in the coming weeks. There has been a growth of over 0.71% in the XRP value against USD.

Conclusion:

The current market position has brought some respite to the currency holders, and the thoughts of selling have been put on hold by most of them. The price of the coin can show an upward movement in the next week as well and can rise up to 0.50 USD in the next one month. Buying XRP can be a good option as the market is sustainable and however, not immediate, but the currency can yield huge returns in the long term.

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Roxanne Williams

Roxanne Williams has recently joined as a market reporter for CryptoNewsZ - the 24/7 crypto news site, where she produces recent stories, technical analysis and price updates on world's leading cryptocurrencies.
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