- Ripple’s 2019 may not be the best, but it surely has proved itself in the toughest times
- Investors may see some new rays of hope in the near-term
As the year 2019 is taking its final breath, XRP coin closes the year on a negative note. Ripple’s price has shrunk by a whopping 48.07% this year. It has been pushed to 0.192914 USD from 0.371528 USD in the last 12 months. The overall trend is full of price fluctuations, as well.
Ripple Price Analysis
XRP coin was at 0.371528 USD on January 01, 2019. The year 2018 had been marred by the so-called crypto winter, and everyone expected 2019 to be a bullish one. In the initial months, Ripple’s value got subdued by a significant margin. By April 25, the coin has lost 22.87% to lock itself at 0.286550 USD. However, the April market boom made to the news and it gave a push to almost every coin in the market. XRP coin also took its advantage.
Between April 25 and June 22, Ripple cryptocurrency found a boost of 64.88%, and the hike helped it to go to the highest of the year at 0.474214 USD. However, from June 22, the price went downwards. With certain price fluctuations, its value receded by a major 61.42% and touched 0.182963 USD by December 18.
Ripple’s current price is now at 0.192914 USD. Its 50 days MA (0.22043678 USD) and 100 days MA (0.24877929 USD) have got a huge lead over the current value. XRP coin may have been struggling as of now, but it is surely not dead. This coin has huge potential, and it would bounce back. Investors need to keep patience till the time there is an overall market bullish period. The next resistance may be coming around 0.197565 USD.