Price Analysis

Ripple (XRP) Gains Mere 0.35% Overnight

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  • Ripple gained 0.35% in the last 24 hours.
  • The next resistance may be at 0.26 USD.
  • The market cap of XRP has not been able to show any decent growth.

After halting its recovery for two days, it has gained only 0.35% over the last one day. The value has now gone comfortably above 0.25 USD, and the range of the price movements has been between 0.2570 USD and 0.2514 USD. It has witnessed four major price swings in this period.

Ripple Price Analysis

Ripple‘s first swings started at 00:18 UTC, and in the next 2 hours, it was down to 0.2514 USD. From there, XRP coin witnessed heavy fluctuations, and the value got a hike of 2.21% to add 0.0056 USD when the final value was pushed to 0.2570 USD. However, Ripple’s price could not be sustained there for a longer period, and it lost 2.12% to be placed at 0.2515 USD. Later the value got a hike of 1.90%, and it went on to add 0.0048 USD for XRP price to trade around 0.2563 USD by 00:03 UTC today.

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A rise in the market cap is noticed between 05th October and 06th October, but in the last one day, the market cap touched 11.06 billion ISD from 11.11 billion USD.

Ripple (XRP) Price
XRP Chart By TradingView

Ripple’s 50-day moving average is in an attempt to adjoin with its 20-day average, and the XRP current price trend is being pursued by these two lines. The recovery may stay here for some more days with a bullish month-end outlook. The next resistance for the XRP coin is likely to come at 0.26 USD.

Resistance and Support Levels

R1- $0.259, R2- $0.261, R3- $0.264

S1- $0.254, S2- $0.250, S3-$0.248

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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