Price Analysis

Ripple’s Price Swings Are Small Yet Effective In Last 4 Hours

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  • Ripple (XRP) faces four price variations in the last 4 hours.
  • The closing price is likely to be around 0.490 USD.

Ripple (XRP) is one of the most important coins of the current times in terms of market cap and growth pattern. This coin’s user base has not only long-term traders but also short-term traders. It usually gives enough space to the speculators to trade on short-term and make reasonable profits. Here is an analysis of Ripple’s movement in the last 4 hours. This will be a good piece of advisory to the speculators and intraday traders. Let us analyze the current details of the coin first.

XRP Current Price Statistics-

Ripple Price Chart - 23 June
Ripple Price Chart
Ripple (XRP) 23rd June 09:36 UTC
Rank 3rd
ROI (Return on Investment) 7,902.19%
Coin Circulation 42,501,950,124 XRP
Market Cap 20,435,474,086 USD
Value in USD 0.4744013 USD
Value in BTC 0.00004466 BTC
24h Volume 3,392,630,378 USD

XRP to USD Price Comparison-

Ripple (XRP) faced its first fall of 0.94% between 04:47 UTC and 05:23 UTC from 0.48 USD to 0.47 USD. This was followed by a hike of 1.60% which happened over 40 minutes from the price of 0.479 USD to 0.486 USD. This has made a perfect inverted triangle. From there again the coin fell down by 1.57% in the next 1 hour and 3 minutes. The latest fall happened between 08:31 UTC and 09:22 UTC and it made the coin to lose 2.22% of its value. All these ups and downs have been moderate in nature and none of them was beyond 2.5%.

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XRP Price Prediction-

Ripple (XRP) is likely to experience a number of variations in the market in the near future. The closing price is likely to be around 0.490 USD.

Conclusion-

Short-term investors need to be quick at making decisions as the coin’s ups and downs are not very extending ones. Any movement beyond 2.5% is to be noted.

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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