Ripple Stagnates Around $0.27 After Mounting at $0.2870

• Ripple stagnates at 0.27 USD with no major sign of hikes.
• XRP to face resistance at 0.29 after having a persistent trade above $0.28.

Ripple’s growth has gone into a toss after it stagnated its overall value over the last 24 hours. In this period, it has recorded a 0.1% fall, and the current value hovers around 0.27 USD. The three price swings have given the price trend a range between 0.2870 USD and 0.2731 USD in the past 24 hours.

Ripple Price Analysis:

Ripple opened the day trading at 0.2775 USD, where the first swing started at 00:14 UTC, and over the next 3 hours and 16 minutes, it fell by 2.45% to reach 0.2731 USD. It was followed by a hike of 5.08%, and this hike pushed the value to 0.2870 USD. From there XRP price started weakening, and over time, it lost 3.62% to be placed at 0.2766 USD by 01:32 UTC today.

Over the last seven days, XRP has shown an upward movement, and the price range of XRP is between 0.28 USD and 0.24 USD. The gradual yet decisive hikes in the value ensure a brighter future for Ripple.

As per the current trend, Ripple’s 50-day average is going above its 20-day average. Its current price trend is in constant competition with the two important MAs. The next few days may see some marginal hikes in the value of Ripple. It may find the next resistance at 0.29 USD once it is trading persistently above $0.28.