Price Analysis

Ripple Price Exhibits Growth Despite Bearish Trend

Ripple is riding the bull today; the last couple of days has been quite a power-packed for the traders. The coin used to open with a positive digit and close with a negative. The pattern used to reverse for someday and thus the traders were amid a mix. Ripple has broken the pattern and is booking uptrend on the second day in the row.

Yesterday, Ripple touched the highest at $0.253503 and the lowest at $0.244366. The volume marked was at $1,043,933,395.

Ripple Price Analysis:

Ripple Price
XRP Chart By TradingView

The chart is taken from TradingView on October 04, 2019, at 10:14:53 UTC. Ripple started dealing at $0.254 and the price fell to $0.247 by 2.53% within the first few hours. The fall continued and took the price to $0.243 from $0.250 by 3.06%. The coin immediately recovered and brought it up to $0.249 by 2.74%. The day closed at $0.247, with an intraday regression of 2.50%. Today, XRP opened with an escalation of 0.99% from $0.247 to $0.250. Ripple fell moderately but again started moving up. The escalation took it to $0.250 from $0.246 by 1.74% and later to $0.254 from $0.250 by 1.63%.

The data is reflecting that the coming days would bring an upsurge in the market. The currency has a high prospect of beginning the price rally. The interested traders of Ripple are recommended to opt for long-term investment. The short-term would be profitable, but the expected result is likely to be attained in the long run.

Tags

Scott Cook

Scott Cook got into crypto world since 2010. He has worked as a news writer for three years in some of the foremost publications. He recently joined our team as a crypto news writer. He regularly contributes latest happenings of crypto industry. In addition to that, he is very good at technical analysis.

Related Articles

Back to top button
Close