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Price Analysis

Ripple Price Analysis: XRP Records 8% Downtrend Within 30 Days Trading Below $0.25

  • XRP’s bearish performance continues to haunt the traders
  • Xpring’s partnership with Coil may push Ripple to new avenues

It may not be a good phase for Ripple as far as the coin’s performance is considered, but the firm is leaving no stone unturned to explore new avenues and push XRP adoption there. The recent partnership of Xpring and Coil may revolutionize content monetization and may yield good results for the coin as well. The current market statistics may change positively in the days to come.

XRP to USD Price Comparison:

In the last 30 days, Ripple coin has recorded a downtrend of over 8% dipping from $0.28412 to its current value at $0.25952 as of August 17, 2019, at 04:45:40 UTC. XRP started at $0.28412 almost 30 days back but then gained some momentum to reach as high as $0.34156. It moved around this value for almost two weeks but then started slumping to hit $0.23406 from $0.33161. Ripple may have gained some surge, but it is still trading with bearish nature.

ripple price chart - 17 Aug 2019
XRP Price Chart by TradingView

Current Statistics of Ripple:

  • XRP price is noted to be $0.25952 and 0.00002517 BTC
  • The Market Cap of the Ripple has reached $11,142,216,319
  • The 24-hour volume stands at $1,153,664,811
  • ROI of the coin is now 4,327.99%
  • Circulating Supply has been 42,890,708,341 XRP

Yesterday, the highest price of Ripple was trading at $0.2654, and the lowest was at $0.2569. It is still moving around the lowest end and might gain some momentum to close the day trading to the upside.

Ripple Price Prediction & Conclusion:

XRP coin has been a slow mover since the beginning of the year and has been seen taking baby steps even when the market is going bullish at the highest speed. Ripple has been hit by the volatility since last two weeks, and it is not able to recover yet, but it may rise to $0.30 in the upcoming week. This is a good time to plan long-term investments in the Ripple and save for future benefits.

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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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