Price Analysis

Ripple Price Reverses Yesterday’s Fall for Traders

  • Ripple price books price escalation today
  • The currency heads towards having a profitable day

Ripple (XRP) has been the only coin among the top ten cryptocurrencies that has marked an uptrend in the market. The currency started the month with the trading price of $0.025 and is currently deals at $0.029. However, from last couple of days, XRP is observed for getting influenced by the market trend as the coin was seen falling yesterday. Today, the uptrend is moderate but yet stable. The intraday traders could be seen booking profits by the end of the day, if it continues to move with a similar momentum.

As per yesterday’s statistics, the price jumped to the highest at $0.297051 and fell to the lowest at $0.285773. Let’s have a look at the intraday chart of the coin.

Ripple Price Analysis:

Yesterday, the price started trading at $0.29 and immediately fell to $0.29 by 4.45% within the first few hours. Then, the price moved up to $0.291 by 3.09%. Further, it escalated to $0.294 by 2.46%. Towards the closing hours the day, the price jumped to $0.297 from $0.291 by 2.06%.

The intraday movement in the price brought a progression of 0.85% as it closed at $0.295. Today, the movement in the price was quite volatile. The price of XRP to USD was at $0.295 then touched $0.2900 and again returned to $0.294.

Ripple Price Chart
XRP Chart by TradingView

XRP is counted among the big forces of the market. Among, Litecoin, Ethereum, Bitcoin and others, Ripple has brought a maximum return. The future of the coin is speculated to be great. The investment in XRP wouldn’t go futile.

Resistance Level Price Support Level Price
R1$0.298896S1$0.287618
R2$0.303612S2$0.281056
R3$0.310174S3$0.27634

XRP Price is presently dealing at $0.0293. It looks like the price is moving towards the immediate resistance level. If the coin moves with the same momentum, then it has the potential to reach the next level at $0.0303. For the traders interested in the coin, the long-term investment is highly recommended. The same is anticipated to fetch the maximum profit.

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.
Back to top button
Close