Will Ripple (XRP) Be Able to Upstage the Bears in the Coming Days?

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 reached $0.2257.

Ripple (XRP) Forecast

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.

Will Ripple (XRP) Inching Towards a Further Fall?

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.

Rippel Price Chart

Will Ripple Price Let Bears Upset Its Plan for A Bull Run?

$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

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.

Resistance & Support Levels

R1: $0.251257, R2: $0.258749 and R3: $0.263985

S1: $0.238529, S2: $0.233293 and S3: $0.225801

Ripple’s Struggle has Intensified in the Last 3 Months

  • 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.

Ripple Price Prediction

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 Price

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.

Resistance and Support Levels

R1- $0.264164, R2- $0.272675, R3- $0.279836

S1- $0.248492, S2- $0.241331, S3- $0.23282

Can Ripple (XRP) Manage to Break the Bearish Phenomenon?

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.

Ripple Price

Resistance & Support Levels:

R1: $0.2760, R2: $0.2796 and R3: $0.2823

S1: $0.2697, S2: $0.2671 and S3: $0.2635