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