Price Analysis

Ripple Price Recovery Bring It to $0.26; Intraday Trading Seems to Give Great Results

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  • Ripple (XRP) is back to $0.26 in the crypto market. 
  • The uptrend in the market is indicating a price rally. 

The last month of the third quarter has opened new opportunities for the coin to recover from the recent losses. Ripple (XRP) along with many other coins were seen suffering in the first two months of the third quarter. 

The first week of the month is over and we are standing in a profitable situation. The rest of the month is speculated to bring a further recovery in the market. Now, let’s see what does the day holds for the XRP traders. 

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Ripple (XRP) Intraday Price Chart: 

The chart is taken from Trading View on 08th September 2019 at 05:28:32 UTC for price analysis. 

Ripple Price
XRP Chart by TradingView

The coin opened yesterday at $0.251. The coin kept dealing at the same level in the first half of the day. Later, the coin climbed from $0.251 to $0.263 by 4.85%. The coin remained intact at the same level and closed the day. Today, XRP started the day at $0.260. The price switched from $0.261 to $0.266 by 2.15%. 

Summary of the statistics: 

  • The price of Ripple is at 0.26397 USD. 
  • The return on investment is marked as 4341.90%. 
  • The circulating supply is noted as 42,984,656,144 XRP. 
  • The 24hr volume of the coin is at 1,060,407,537 USD.
  • The market cap stands at 11,215,136,992 USD. 

Ripple Price Prediction and Conclusion: 

Ripple price has been through a lot lately. The third quarter has disturbed the momentum of many coins. However, XRP is among the top forces of the market, which helped it in retaining loyal investors. The ongoing month has started with a beam of hope for the traders. We are speculating that it would help the coin to recover all the past losses. 

In the coming years, the coin might be seen dealing with a good amount of profit. We would suggest the traders dig in for long term period for the expected result.

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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