Is Ripple (XRP) Aiming for Short-term Profits?

At the end of last month, Ripple was trading at $0.029437, with the movement being upward. Then, XRP coin managed to present rise of 7.88% and reached $0.3118 from $0.2890. This was also the highest point of trading for the coin. $0.27412 was the drop recorded the following day, but Ripple price managed to soar again upwards and reach $0.28269. The movement was at a constant pace until it began to drop. 0.20745 was the lowest point of trading for the XRP coin.

Ripple Price Prediction:

If we look at the price movement of the last five days, Ripple’s price exhibits a slight recovery. It is moving in an upward fashion with a rise of almost 11% as per comparison since November 25, 2019. XRP price can rise a bit shortly and reach its next resistance of $0.2350.

It is advisable to trade cautiously today as per the trend noticed. The past month’s comparison shows the bears having control until November 25, 2019, post which the scenario has changed. Ripple has got a great future in the long run and can reach up to its major resistance $0.30 in the upcoming weeks.

XRP/USD Price Chart

Ripple (XRP) Hits Rock Bottom During Monthly Movement

  • Ripple price exhibits tremendous fall
  • The traders are hoping for the coin to recover in a month’s time

Ripple’s price was trading at the lower level from the past 30-days. The coin touched a recent low at $0.207 which was also marked as the 52-week low. Traders eagerly await the improvement in the XRP price. They are expecting that the currency would climb again in a month.

The coin was struggling from the last couple of months and battle still seems to hang. As per the price movement of the past few weeks, we are anticipating that the growth in Ripple might take a longer time than expected.

Ripple Price Prediction

Ripple started the month at $0.2972. The coin kept hovering around the same level for quite some time. Later, the price escalated to $0.31139 from $0.29518 by 3.45%. Further, the XRP price slipped to $0.27518 by 11.63%. The downtrend remained intact and touched $0.22692 by 17.63%. The price kept falling and touched $0.20959 by 1.90%. Recently, there was an escalation in the price of Ripple. The coin touched $0.22691. The XRP coin recorded an overall regression of 23.43% during the month-long movement.

Ripple Price

Ripple price is recently battling with the bear. The improvement in the coin is speculated to postpone. The short-term investment isn’t strongly recommended. However, the traders can take a chance to dig-in for long-term investment.

Resistance Level Price Support Level Price
R1 $0.23032 S1 $0.218021
R2 $0.235558 S2 $0.21096
R3 $0.242619 S3 $0.205722

As per the above-given levels, the price seems to be moving towards the immediate resistance level at $0.23032. The same might get violated in the coming hours.

Is Ripple (XRP) Aiming to Soar to $0.23 With the End of the Bearish Run?

As per the latest market update, XRP Backed Rental Firm Omni shutting down with Coinbase snapping the development Team. This might affect the coin. $0.26730 was the price of Ripple on August 28, 2019. It managed to show a growth of 27.24% in the month of September despite the fall. XRP coin witnessed further fall to $0.22796, and until October 7, 2019, it showed a price movement in a lower range. Then, Ripple price surged to $0.30891 by 35.51% within a month which is quite good. The uptrend continued further with the XRP coin reaching $0.31237. Mid of November onwards, the trend has changed, and the bears are controlling the coin presently.

Ripple Price Prediction

Looking at the price of XRP coin at $0.26700 on November 17, 2019, currently, it shows a negative run by 17.73%. As per the current trend, Ripple might reach around its immediate support of $0.211 shortly.

It is your discretion to purchase Ripple or hold the existing coins today. The previous 3 months’ performance for XRP coin has seen many rises and falls. Traders should plan a long-term investment, which might be profitable as the coin price may recover shortly.

Ripple Price

Will Ripple (XRP) Maintain Its Ground Against the Bears?

Ripple price has been one of the few exceptions in the ongoing bearish crypto market volatility and has held its price in the upper range for the most part of this phase except last week. During the past seven days, the sentiment continued to be bearish and hence, the XRP coin was trading in a lower range most part of the week. In the latter part of the week, the price of Ripple slid under strong bear pressure. The price has been trading in the range between $0.20 – $0.26.

Ripple Price Prediction:

XRP price tried to recover upwards over the past week though the price went below the baseline during the last two days. Ripple’s price was trading at $0.2563 on November 20. It went down to $0.2484 on November 20. The price of XRP coin recovered on the next day at $0.25227, showing an upward momentum of 1.46%. With the volatility continuing, the coin slid down to $0.2217 on November 22; the downward movement was to the extent of 12%. XRP coin showed a good recovery after this, and the price shot up to $0.2343 on November 23 with a 5.65% hike. With the bear pressure becoming difficult to handle the currency went on a continual downswing at $0.2048 on November 25. The current day’s price is at $0.2068.

XRP Price Chart

As per the past trend and historical data, experts feel that the capability of the XRP coin will help it withstand this temporary bearish sentiment in the crypto market. Investors should keep holding on their investments till the crypto market shows some more stability.

Ripple (XRP) Reels Under Pressure in the Last Week

  • Ripple loses 7.83% to reach 0.2505 USD
  • XRP coin is likely to continue its struggle for some more days

Ripple has lost enormous value over the last seven days. The three major price variations in the range between 0.2718 USD and 0.2430 USD has made XRP coin to lose 7.83% over this week.

Ripple Price Prediction:

XRP coin was being traded at 0.2718 USD on November 14, and over the next 14 hours and 30 minutes, it decreased by 7.36% and got to 0.2518 USD. It was followed by a 5.62% hike that added 0.0142 USD to the value and pushed Ripple price to 0.2659 USD by 18:35 UTC, November 17.  On same day, XRP price started weakening again, and this time by November 19, it reached the lowest point of the week at 0.2430 USD. The last variation happened between 11:50 UTC and 01:30 UTC today. In these 13 hours and 45 minutes, the currency got a hike of 3.70% and reached 0.2521 USD.

XRP-Price-Chart

Ripple’s market cap on 14th November was 11.707 billion USD, and in the last seven days, it has been increased to 10.967 billion USD. Volatility on the market cap front as well can be seen in these seven days. XRP coin’s 20 days average stands at 0.2515 USD, and it’s 50 days average is now at 0.2503 USD.

Resistance and Support Levels

R1- $0.256891667, R2- $0.262419333 , R3- $0.265699667

S1- $0.248083667, S2- $0.244803333, S3- $0.239275667

Ripple (XRP) Reflects Heavy Drop in Year-Long Run

Ripple price movement has always managed to surprise the traders. The recent movement in the price isn’t quite amazing, but there is a speculating that it would improve soon. The traders are still hopeful that the XRP coin would give great return in the future. During the first half of the year, it gave a tremendous return. The coin fell under pressure from the beginning of the third quarter.

XRP/USD Price Chart:

Ripple Price

Ripple started the year at $0.377. The currency dropped in January to $0.3196 by 15.42%. In February, the price escalated to $0.3274 by 2.06%. In March, the XRP price shifted to $0.317 by 3.30%. In April, the currency recovered again and jumped to $0.326 by 2.84%. In May, Ripple price escalated to $0.44 by 34.92%. In June, the currency slipped to $0.39 by 10.60%. In July, the coin slipped to $0.31 by 20.81%. In August, the price fell to $0.0256. The fall continued and touched $0.247 by 3.51%. In October, the coin jumped to $0.296 by 18.88%. In the ongoing month, the price slipped to $0.247 by 16.39%.

Ripple Price Prediction

The current price of Ripple is at $0.247. The currency has crossed the immediate support level at $0.248 and is heading to breach the next support level $0.241. It wouldn’t be a surprise for XRP coin price to fall below the major support level at $0.232.

Resistance Level Price
R1 $0.264164
R2 $0.272675
R3 $0.279836
Support Level Price
S1 $0.248492
S2 $0.241331
S3 $0.23282

Ripple is speculated to give great results in the future. In the past the currency has brought a huge return, and the momentum is anticipated to return soon. The coin is suggested for long-term investors as it would bring the best result.

Ripple (XRP) Records a Huge Fall of 12% Since Last 30 Days

$0.29855 was the trading price for Ripple on October 19, 2019. The steep negative trend made the XRP reach $0.26521. Despite this, the coin managed to show a growth of 16.43%, three days later. There was a positive rise on November 5, as compared to November 1. $0.31215 was the highest price of XRP coin, and since this level, it has been falling at a slow pace.

Ripple Price Analysis

Ripple price has dropped by 16.48% as compared with November 7, 2019. It may continue to fall and reach its next support of $0.26021. The price of XRP coin might change in between $0.2622 and $0.2723 for the weeks to come.

This seems to be a good time to buy or hold the existing coins as the trend noticed. The price comparison over the past month shows that the XRP coin was dominated by the bulls until November 7, 2019. Since this date, the bears have controlled the coin to the extent that Ripple price has been falling. If XRP is not able to gain pace shortly, it may even fall further from the current levels in the coming weeks.

XRP-Price-Chart

Ripple’s Trend Creates a Roller-Coaster; XRP Loses an Overall 27.34% Value

  • Ripple loses 27.34% over the last eleven and a half months.
  • Its next resistance may come at 0.273483 USD.

Ripple, one of the top three ranked coins of the market, has failed to walk up to its reputation in the last eleven and a half months. It has lost a total of 27.34% in these months with three major price shifts.

XRP Price Analysis

Ripple opened the year at 0.36315033 USD, and its first major price variation started on January 29 when it started growing. Over the next 144 days, XRP coin could add a whopping 66.21% value and reached the highest point of the year at 0.47421462 USD. From June 22, it started weakening, and after losing 50.67% in the next 94 days, Ripple price reached 0.23390887 USD, the lowest of the year. On September 24, it started gaining, and over the next 50 days, XRP price gained 14.56% or 0.03405 USD to touch 0.26796 USD by November 13. Ripple’s market cap was 14.880 billion USD at the very start of the year, and it has now decreased to 11.561 billion USD.

Ripple (XRP) Forecast

Ripple’s 200 days average stands at 0.323082 USD, and it’s 50 days average is now at 0.278838 USD. The current price of XRP coin is at 0.26384391. The next resistance is likely to fall by 0.273483 USD.

Ripple (XRP) Resistance and Support Levels
1st Resistance $0.273483
2nd Resistance $0.276575
3rd Resistance $0.279282
1st Support $0.267684
2nd Support $0.264977
3rd Support $0.261885

Will Bears Continue to Dominate Ripple (XRP)?

Ripple price comparison over the past one month indicates that the XRP coin was trading in a lower range. The price was $0.29105 on October 16, 2019, with the movement being an upward one. Until October 23, 2019, the bulls had control over the coin. There was a major fall on the said date, with the price dropping to as low as $0.26382. XRP coin was being circulated at cost of $0.30951 on October 26, 2019, with a growth of 17.32%. On November 1, 2019, there was a minor fall; still Ripple price managed to show a growth of 8.43% within a week. However, it was not able to sustain at this level and hence, it started to show signs of a decline.

Ripple Price

Ripple Price Prediction

As per the price comparison since yesterday, XRP is showing a negative trend of almost 2%. The price may continue to fall tomorrow and can reach its next support $0.26500. After a couple of days, it may gain some pace.

The present trend of Ripple suggests that it is a good time to buy the coins. The past one-month trend for XRP coin has been a mixed one, with the movement being upwards as well as downwards. Since November 7, 2019, the trend has been a bearish one without any rise in the price. It is suggested to trade in the long-term.