Price Analysis

Ripple (XRP) Price Analysis: Ripple is Still Missing the Midas Touch to Bring XRP Prices Out of the Loop

Finmax
  • XRP keep the traders waiting on coming out of the $0.47 loop
  • Ripple releases insights on the power of data and its impact on the financial industry

Ripple is empowering the future of the banking industry for the platform enables cross border payment and asset transfers within seconds, but the XRP token seems to be gaining nothing out of it. There has been a repeat mode on for XRP, and the currencies keep going up and down within $0.47 range in the last 30 days. The current market data has nothing new to report; however, the traders seem to be losing patience and feel distracted & disinterested.

XRP Price Statistics:

There has been an uptrend of over 17% in the last 25 days when XRP moved between the range of $0.34 and $0.47. As on June 9, 2019, at 04:46:48 UTC, the coin value is noted at $0.40, and it has shown an exciting pattern almost throughout the month. XRP token was trading at around $0.34 as on May 12 post which it showed an upward surge to reach $0.47 on May 16. The price started dropping and touched $0.36 around May 18 post which it again picked up the pace to swing between $0.42 to $0.47 before the onset of June.

XRP Price Chart- June 09

Particulars Statistics
Price  (USD) 0.40
Price (BTC) 0.410483
Market Capitalization 17,338,355,983
24h volume 1,199,165,428
Circulating Supply 42,238,947,941 XRP
Return on Investment 6,890.03%

 The coin value was trading at $0.47 at the onset of June and then dropped to $0.40, showing a downtrend of over 14% in the last 10 days. In the coming week, however, it may pick up the pace.

XRP Price Prediction:

XRP holders are waiting eagerly since quite a long time now for the currency to break a pattern and move outside the range of $0.47. Although the firm has gained support from global organizations still, the XRP token is not showing any signs of a bullish trend. Keeping the hopes alive, XRP may cross the $0.9 mark by the end of 2019.

Conclusion:

This is an excellent time to invest in Ripple’s XRP as the coin value is currently low, and the future is exceptionally secure of this currency.

Ruti Vora

Ruti regularly contributes in-depth news articles for leading cryptocurrencies. She contributes technical chart-based price updates and analysis pieces on world's leading digital currencies. She holds graduate degree in journalism.

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