XRP News

Ripple May Rise Upwards and Reach Close to $0.27 Soon

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Let us compare the price of the XRP coin since the past one month. XRP was valued as high as $0.30 on August 09, 2019. It gradually started to decline, and with a sharp fall, Ripple price fell as low as $0.25 on August 14, 2019, at 16:00 UTC. It did pick up some pace and managed to rise to $0.29 on August 18, 2019 but was not able to maintain its consistency and hence once again started to recede.

Ripple Price Analysis

If we compare the XRP price since it reached $0.30860 and the present price, Ripple indicates a price drop of almost 15%.

However, we anticipate that XRP coin is showing signs of an upward rise, and the coin may reach close to its resistance level of $0.27 by tomorrow. It may continue to be traded in the price range of $0.25 and $0.27 in the upcoming days as per calculated resistance and support levels.

The MACD indicator points out that the price movement of XRP coin at present is bearish; however, the scenario will change shortly. The movement of the Ripple over the past one month was haphazard with several rises and fell, hence advisable to trade from a long-term perspective in XRP.

XRP to USD Price Chart

Ripple Price

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