- XRP coin records 21% drop in the last 20 days moving from $0.32 to $0.25
- Ripple may increase the mass adoption of XRP through awareness campaigns
This may not be a very good growth-oriented phase for the XRP coin holders for the coin has not been able to move past $0.30 for quite some time. But it can be considered as a good time to plan long-term investments in Ripple. The firm has got global attention and the coin may start performing better from next year onwards.
Ripple Price Prediction
As on October 6, 2019, at 02:40:59 UTC, XRP price is noted to be at $0.2523 and it is moving in the downward direction. The coin has recorded a dip of over 21% in the last 20 days by slumping from $0.32 to its current price. A month back, Ripple was seen to be trading at $0.2569 and then it surged up to $0.3240 within 10 days. It slumped to $0.2311 in the next 6 days and has been recovering since then.
If we look at the past few day’s price movement of Ripple, it is anticipated that XRP price may trade around $0.26 in the upcoming week. The coin may not show much variation in price in the next week but may start climbing up and cross its major resistance $0.2664 in the upcoming weeks. XRP price can be expected to move past $0.30 by the year-end.
This is the best time to plan long-term investment in the Ripple which can yield huge benefits in the next year.
Resistance & Support Levels:
R1: $0.2568, R2: $0.2602 and R3: $0.2639
S1: $0.2497, S2: $0.2459 and S3: $0.2426