Price Analysis

Ripple Price Gearing Up for an Uptrend

  • Ripple rides the bulls with its intraday movement
  • The future of XRP is anticipated to be great

Ripple (XRP) is one of the major cryptocurrencies of the global market and the recent market movement has helped the coin to escalate notably. The current price movement in the market indicates towards having a bearish turn, but Ripple indicates its movement towards immediate resistance level formed.

The future of the coin is also likely to bring huge dividends and the traders can dig-in XRP with a high prospect of return.

Ripple to USD Price Analysis:

Ripple Price Chart
XRP Chart By TradingView

Ripple started trading at $0.258 on September 1, 2019 when the price immediately jumped to $0.267 by 4.27%. Later, the price fell to $0.247 by 5.41% just to rise again and trade at $0.266 by 7.87% and later to trade at $0.327 by 27.23%. Later, the price fell tremendously to $0.212 by 35.04%.

Towards the end of the month, the price recovered to trade at $0.261 by 23.16%. In the ongoing month the price escalated and took the first jump from $0.245 to $0.288 by 17.70%. Later, the second escalation took it to $0.300 from $0.268 by 11.60%. In the last fifteen days, the price has booked a profit of 14.57%.

The coin is moving towards the immediate resistance level at $0.303. After violating the same, we are anticipating that it would break the next level too at $0.309. Here is the chart for resistance and support level for XRP.

Resistance Level Price
R1$0.303
R2$0.309
R3$0.323
Support Level Price
S1$0.283
S2$0.270
S3$0.263

 

The currency holds heavy expectations of the traders. There are strong indications that they all would come true. The currency is recommended for long-term investment as the short-term might not bring the desired result.

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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.
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