Price Analysis

Ripple Takes a Reversal turn from Yesterday’s Uptrend

  • Ripple books downtrend with its intraday movement
  • Within the yesterday’s price movement; XRP soars by 6.24%

Ripple (XRP) price is indicating a downtrend in the chart. The day opened with an uptrend, but it looks like the market pressure has pulled the price. The coin has marked an uptrend in the 15-day chart, and with this, the last quarter seems to be favorable. The current fall doesn’t seem to stay and is expected to be lifted soon.

Yesterday, Ripple was seen touching a high at $0.302481 and a low at $0.282608. Let’s have a look at the intraday chart.

XRP to USD Price Analysis:

 Ripple Price
XRP Chart By TradingView

The coin started trading yesterday at $0.284 and kept moving around the same for some time. Later, the coin jumped from $0.282 to $0.300, marking an escalation of 6.08%. The uptrend kept intact, and XRP moved from $0.296 to $0.304 by 3.07%.  Ripple coin couldn’t hold itself at the level, and the price fell from $0.304 to $0.296 by 2.67%.  The day marked a progression of 6.66% as it ended around the trading price of $0.302. Today, the price is reflecting a steep fall as the price counters switched from $0.302 to $0287.

The price is on the downtrend and is about to breach the immediate support level. The next level at $0.275 is also on the radar and looks like it would surpass it too. Here are the support and resistance level chart.

Resistance Level Price
R1$0.308995
R2$0.315674
R3$0.328868
Support Level Price
S1$0.289122
S2$0.275928
S3$0.26949

The current trend isn’t impressive, but for long-term traders, Ripple is anticipated to give great results. The short-term investment would also bring prosperous results, but it wouldn’t be as beneficial as the long-term.

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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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