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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

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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