Price Analysis

Ripple Price Analysis: XRP Surges in a Day, Despite Hack Incident of 100 XRP Ledger Wallets

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GateHub, a cryptocurrency wallet service provider has revealed that nearly 100 XRP Ledger wallets have been hacked on their platform. Reportedly, 23,200,000 XRP tokens were stolen from 80-90 victims and the investigations are going on.

It is to be seen how such a hack will affect the Ripple price trend. The crypto coin was in a hassle in order to make a notable rebound out of the bearish trend it was in since the last few days. However, in the last 24 hours, it seems XRP price has shown a remarkable increase.

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XRP Price Current Statistics:

At 05:58:14 UTC, Ripple coin was trading at 0.42 USD. It holds 17,750,259,962 USD in its Market Capitalization, while it is having 42,238,947,941 XRP as its Circulating Supply. Ripple offers ROI of 7,054.34%.

Ripple Price Chart: Ripple Price chart

XRP Price Comparison:

Ripple price was standing at 0.42 USD, which is a price rise of 5% over the last 24 hours. Ripple has seen an upward shift in its price trend with a sharp price spike. Ripple reached as high as 0.43 USD with an increase of 8.61%. From the price point of 0.39 USD, Ripple price had soared to 8.95% in just 1 hour and 34 minutes, according to the chart.  

Ripple then traced a downward swing with gradual price drop followed by a gradual rebound at 0.42 USD price point. Since then, the crypto-coin has not seen much of price fluctuation.

Ripple Price Prediction and Conclusion:

XRP has finally stepped out of the bearish trend, and it is like to surge further. In the short term, Ripple price is likely to touch 0.45 USD price point in the next couple of weeks, if it maintains an upward pace.

After frequent price drops and bearishness in XRP, the recent rise in Ripple price proves how promising the crypto-coin is.

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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