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Price Analysis

Ripple Recorded One of the Highest Gains Yesterday at 10.59%

  • Ripple gains 10.59% in the last one day
  • The next resistance may fall at 0.29 USD

Over the last 24 hours, almost every major coin has grown. However, Ripple has surpassed beyond expectations. On the last day, XRP’s growth rate is recorded at 10.59%. The value against USD has now touched 0.2800 USD, its previous moderate-high.

Ripple Price Analysis:

Ripple (XRP) opened the day at 0.2559 USD and it faced its first variation in the next 3 hours and 22 minutes. It grew by 5.47% to record its value at 0.2699 USD. The next swing happened between 05:26 UTC and 11:06 UTC; the coin grew by 5.75% and reached 0.2795 USD. However, from there, XRP started weakening, and after losing 2.29% it reached 0.2731 USD by 18:30 UTC. The last swing came as another sign of strengthening, and over the next 7 hours and 57 minutes, it managed to climb by 4.28%, and it pushed the final value to 0.2848 USD.

Over the last seven days, Ripple has shown an up-trending movement. Though it struggled on October 4 and recorded the lowest value at 0.24 USD, it has continued its effort for recovery since then. Currently, it is hovering around its weekly best.

Ripple Price
XRP Chart By TradingView

As mentioned earlier, Ripple’s current growth is better than its 50-day average. So, we can see its 20-day moving average above its 50-day average and the recent growth has put the current price above both the lines. XRP is expected to grow even more in the coming days.

Ripple (XRP)Resistance and Support Levels
1st Resistance$0.284642333
2nd Resistance$0.293599667
3rd Resistance$0.308107333
1st Support$0.261177333
2nd Support$0.246669667
3rd Support$0.237712333

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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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