Price Analysis

Ripple (XRP) Price Dropped By More Than 30% From The Highest Of Last Month

eToro

Chris Larsen, Co-Founder, and Chairperson of Ripple recently called to the government leaders of the United States. He tweeted that it might not be a good idea to quote all the cryptocurrencies in just one bucket as some of them are legitimate and formative use-cases. Well, let’s hope that the US government can pull this through.

Current Statistics of Ripple:

Ripple price is recently seen trading at $0.30960 at 06:41 UTC on 30th July 2019. The other factors are as follows:

  • Return on Investment: 5163.37%
  • Total supply/Circulating Supply: 99,991,387,607 XRP/ 42,872,646,068 XRP
  • 24-Hour Volume: 775,057,074 USD
  • Market Cap: 13,254,594,148 USD
  • 7 Day high/low: 0.326285 USD / 0.304110 USD

XRP to USD Price Comparison:

Ripple Price Prediction
Ripple Price Chart by TradingView

The lowest value in the last 3 months was seen at 03:00 UTC on 10th May with a trading value of $0.29507. The value escalated by 60.82% on 16th May at 02:00 UTC with value trading at $0.47453. The value dropped by 23.25% on 23rd May at 04:00 UTC with the trading value of $0.36421. The value escalated by 29.31% on 30th May at 16:00 UTC with the trading value of $0.47097.

However, the value dropped by 19% at 18:00 UTC on 9th June with the trades changed to $0.38201. The value escalated by 28.08% on 22nd June at 14:00 UTC with the value trading at $0.48927. The value dropped by 40.67% on 16th July at 17:00 UTC when the value changed to $0.2905. The value escalated again by 16.27% on 20th July at 21:00 UTC with the trading value of $0.33778. The value from then is slightly dropped by 8.38% as of now.

XRP Price Prediction and Conclusion:

Traders might be catching their eyes on earning some returns with Ripple price, but they might have to wait for a little more time. Since the bears’ trend continues for XRP, users might just have to trade under the safer zone in the resistance and support levels:

Resistance Levels:

  • R3: 0.319432
  • R2: 0.316622
  • R1: 0.31364

Support Levels:

  • S1: 0.307848
  • S2: 0.305038
  • S3: 0.302056

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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