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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

Anthony Reyes has done his graduation in journalism from Ocad university. He has good understanding of digital currency. He writes news about cryptocurrency and stock market in

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