Ripple price has continued to perform well though there have bearish
spells at regular intervals. Even over the past seven days, the price of XRP coin
has stayed in the upper range for the most part of the week, with the price
moving in the range of $0.2026 – $0.2350.
Ripple Price Prediction:
XRP coin has managed to stay above the baseline, as seen
from the weekly price movement. The price was at a high of $0.2350 on November
23. It fell to $0.2026 on November 25, showing a downward variation to the tune
of 13.77%. On the same day, however, it braved the bear pressure and reached a
high of $0.2230, showing a good uptrend to the extent of 10.07%. With the
bearish momentum continuing, the price of Ripple continued to fluctuate and
went below the baseline at $0.2143 on November 27. XRP coin continued to
outsmart the bears and reached a high of 6.86% on the same day at $0.2290.
There has been a slight downward movement today, and the Ripple price has
Ripple continues to stand its ground against
the bears, and this is a big relief for its investor community. Investors
should keep their current investments and bring in new investments as the price
is expected to go up once the bullish phase hits the XRP coin.
Significant cash transmission
organizes MoneyGram has reported that Ripple has finished its unique duty with
a last $20 million venture, and it can have an impact on XRP. $0.2527 was
Ripple’s price last week, with the trend being an upward one. It was valued
$0.2529 on November 21, 2019 with the same momentum maintained. Then, the price
of XRP coin was dropped by 11.78% and reached $0.2231. It managed to rise from
the fall and get traded at $0.2351. However, the present situation shows the
bears to maintain control of Ripple’s price in the coming day as well.
Ripple Price Prediction:
The XRP price evaluation
since November 22, 2019, when it was $0.2351 shows the fall by 6.68% as of now.
The price can drop even further shortly and reach around its next support $0.2178.
It is your wish whether you want to purchase new coins or hold the existing ones. From November 19 to 24 was the best phase as Ripple prices were stable, and most importantly the trend was bullish. $0.2007 was the lowest recorded value, which was on November 25, 2019. XRP is a decent investment option and can trade above its 7-day high $0.25 soon.
$0.37209470 was Ripple’s price at the start of this year. It looked like it may rise further before being controlled by the bears. The negative trend remained until about May 2019. 57% growth was shown by XRP coin within a week’s time in May 2019. Then, it sustained a similar trend till end of June. From June 24, it was unable to maintain such efficiency, and it started dropping value. Ripple price dropped by 38% in mid of July. The present scenario indicates the bearish phenomenon.
Ripple Price Analysis
Ripple price comparison since
November 6, 2019, shows the downtrend by 23.30%. XRP price may fall further
down and reach its next support $0.2385 after some time.
As per the trend noticed,
traders should hold XRP coins as of now. $0.23636 and $0.24565 is the trading range for today. May
– July was the best phase for Ripple as prices were rising. The remaining YTD
trend has been a negative one. XRP coin being circulated with a long vision can
prove more profitable.
Ripple loses 11.32% in the last 90
days to touch $0.2505
The next resistance for XRP coin is
likely to fall by $0.2641
Ripple (XRP) has shown three major price variations
over the last three months, and the price has been reached 0.2505 USD from
0.2825 USD making an overall 11.32% loss in the value.
XRP coin was being traded at 0.2825 USD on August 20, and
over the next 29 days till September 18, it got a hike of 13.24% to touch
0.3199 USD. It was followed by a sharp decline in the price that took Ripple to
0.2295 USD in just 6 days, making a 28.25% loss. This was the lowest point of XRP
coin in the last 3 months. On September 24, Ripple price started gaining
strength, and it could add 0.0814 USD to the value to push the coin to 0.3109
USD by November 06.
Ripple’s market cap on August 20 was 11.829 billion
USD, and in these 90 days, it has made a monumental decline. The current market
cap is now at 10.997 billion USD.
XRP coin’s 200 days average stands at 0.2665 USD, and
it’s 50 days average is 0.2596 USD. The current price of Ripple at 0.2505 USD
is less than both the moving averages. The currency is likely to struggle for
some more days.
Ripple price evaluation gives
an insight into the present bearish trend. It was priced as high as $0.29249 on
November 7, 2019 with the trend being an upward one. The price of XRP coin started
to fall post this date and reached as low as $0.27262. There was a fall of 6.79%
within 24 hours. On November 10, 2019 the price surged for a short span and
reached $0.28339. While writing this piece,
the movement of the currency continued to be a downward one.
Ripple Price Prediction
The XRP coin is showing a
bearish run by 1.37% as compared to yesterday’s trading price. The same trend
is going to remain with XRP for some time. This is a good time to enter the
trade as per the trend observed.
Ripple can be traded within the same range as yesterday. Since the previous six days, the coin has been majorly dominated by the bears. Hence, it is recommended to trade in the long-term as it can reach $0.28 mark soon.