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Ripple (XRP) Continues to Trade Under Strong Bearish Impact

Ripple (XRP) News

Ripple coin is experiencing downside correction at the moment, and the recent price crash has pulled the price below its previous active support $0.25. The currency might take some time to improve. The traders of XRP coin are recommended to hold the investment for a while. The first quarter is likely to bring profit, but it might stick to the moderate level. The price would be seen escalating tremendously, probably in the next quarter.

Ripple Price Analysis

Yesterday, Ripple price was trading at $0.2697 and continued to hover around the same level till 03:09 UTC. In the next 4 hours, XRP price dribbled to $0.261 but then immediately improved to $0.266 at 09:14 UTC. Later, the coin price plunged to $0.261, but it immediately increased to $0.268. The currency dribbled to $0.252 at 17:01 UTC, and then, the coin held its price level tight till 21:14 UTC. The closing hour brought the Ripple price to $0.251 from $0.258.

Today, XRP price escalated to $0.254 at 00:23 UTC, and thereafter, the price dropped tremendously to $0.236 by 7.10% fall. Then, the currency escalated to $0.245 by a moderate hike of 3.65%. Ripple price dropped to $0.238 by 2.8%. Later, it picked up the pace again, and now it is around $0.241. The coin has violated the next support level at $0.240. In the coming hours, Ripple price could be seen near $0.229. If the momentum reverses, then the immediate resistance level is formed around $0.265.

Anthony Reyes

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 ripplenews.media.