Price Analysis

Ripple’s Stagnation May Stay for Some More Time

  • Ripple loses 0.06% in the last 24 hours and stagnates at 0.255 USD.
  • The next resistance for Ripple may come at 0.2581 USD with a bullish medium-term outlook.

Ripple has not been able to move any inch upward over the last 24 hours. With a 0.06% decline in the value in this period, the value against USD has stagnated near 0.255 USD. However, the price movement of Ripple for the last day has been full of volatile fluctuations. It is expected to have a bullish run before 2019 ends.

XRP Price Analysis

Ripple (XRP) Price
Ripple (XRP) Chart By TradingView

Ripple took to the lift at the initial hours of yesterday and between 00:05 UTC and 03:45 UTC, it lifted its value by 0.81% to reach 0.2562 USD. However, this hike was short-lived as it got a blow at 03:45 UTC and in the next 6 hours and 39 minutes; it lost 0.0040 USD to be placed at the lowest for the day, 0.2522 USD. From 10:24 UTC, it strengthened and achieved a hike of 1.73% by to touch 0.2566 USD. The fourth variation for Ripple happened between 17:05 UTC and 20:08 UTC, and this variation cost Ripple 0.0035 USD. However, the last swing brought some relief to its investors as it added 0.0030 USD and placed the value at 0.2561 USD by 00:09 UTC today.

XRP to USD Price Comparison

XRP is likely to grow gradually in the short-term and it may find the resistance point at 0.2581 USD. It has a massive user base, and this may support its medium-term growths. Investors are advised to wait for it to have its next rally.

Support and Resistance Levels-

R1- $0.256872333, R2-$0.258193667, R3- $0.260061333

S1- $0.253683333, S2- $0.251815667, S3- $0.250494333

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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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