Ripple (XRP) Gives a Fresh 52-week Low as it Dips Exponentially

  • XRP drops to $0.19 trading price area—giving a new 52-week low
  • The price of Ripple experiences a steep fall from the trading price of $0.509 and $0.315
  • With the current fall, we see the narrowing of a trading range
  • The RSI of XRP coin falls below the ultimate support at 30 (oversold region) for the third time in a 30-day timeframe

Ripple price falls to the lowest of the year, giving a fresh 52-week low at $0.197. Just when Bitcoin price hit below $7,000, all the major coins, including Ethereum and XRP, have pulled back exponentially in the past 24 hours. However, the cumulative price movement of Ripple has been on a continual downswing and we observe a stable yet steep fall in the last month.

XRP News Today:

Looking into the 24-hour statistics of XRP/USD on Bitfinex, we also see that XRP price today has fallen notably over 8% from trading at $0.215 to currently trading at $0.197. Alongside the market cap and 24-hour trading volume has also witnessed a massive drop, and we believe that the bears are stronger than ever and even a moderate rise seems impossible.

Ripple Price Prediction:

XRP Price Prediction
XRP/USD Chart By TradingView

Analyzing the year-to-date movement of Ripple, we see that the coin has been plunging after it soared as high as $0.509 in July this year. With each passing quarter and month, the trading price has been creating a narrow trading range, and as per that, further decline is possible.

XRP News

Taking a closer view of the month movement of XRP price, we see that the volatility remained quite stable for the major part of the month after the coin remarkably slid from $0.259 to $0.202. The recent decline below $0.20 inactive support has led the coin to trade at the lowest of the year at $0.197. Ripple currently trades utterly bearish with negligible support from 9-day, 21-day, and 200-day MA. The risky trading area for the coin began when it persistently slid below $0.21, losing the 21-day support, which is also seen down-trending now.

Technical Indicators:

XRP Coin News

As observed by the technical indicators that are laid on the chart, we see that the coin is trading below zero and holds a total bearish crossover as the coin breaches the support around $0.20.

The RSI of the coin is also below 30 and has hit the support point of the oversold region.

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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