Ripple Price Analysis: XRP Saw A Drop of More Than 13% In The Last One Month

The value of RippleNet has been receiving great responses from MoneyGram. Now, this might help in improving the visibility and credibility of XRP in the market.

But let’s hope that it should acquire more users in the network too!

Current Statistics of Ripple:

XRP price is recently seen trading at $0.30181 at 02:02 UTC on 10th August 2019. The other essential factors are as follows:

  • Return on Investment: 5044.27%
  • Total supply/Circulating Supply: 99,991,387,607 XRP/ 42,872,646,068 XRP
  • 24 Hour Volume: 1,059,567,641 USD
  • Market Cap: 12,954,666,453 USD
  • 7 Day high/low: 0.331414 USD / 0.293271 USD

XRP to USD Price Comparison:

Ripple Price Prediction
Ripple Price Chart by TradingView

The highest value of Ripple in the last one month was seen on 12th July at 08:30 UTC when the trading value was $0.35041. The value dropped by 16.53% by 16th July at 18:30 UTC trading at $0.29249. The value from then increased by 17.38% by 20th July at 19:30 UTC trading at $0.34334. The value dropped again by 12.40% on 28th July at 22:00 UTC with the trading value changed to $0.30076.

XRP price was increased after that by 9.46% on 5th August at 09:30 UTC with the trading value of $0.32921. The price of Ripple dropped again by 11.68% on 9th August at 16:00 UTC, which now slightly increases as of today.

Ripple Price Prediction and Conclusion:

XRP, without a doubt, has acquired a lot of attention in the United States. Since they are pulling strings by getting connected with the government bans, this might change the face of XRP for good! As of now, seeing the Ripple price chart, the value is moving upwards, which means that it might be a good time for the new traders to ‘buy’ XRP and join the network. The resistance and support levels might help the traders with a safer bidding option:

Resistance Levels:

R1: $0.30595, R2: $0.314558 and R3: $0.320897

Support Levels:

S1: $0.291003, S2: $0.284664 and S3: $0.276056

Ruti Vora

Ruti regularly contributes in-depth news articles for leading cryptocurrencies. She contributes technical chart-based price updates and analysis pieces on the world's leading digital currencies.

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