- Ripple’s (XRP) intraday movement indicates a heavy downtrend
- The coin has already breached the 7-day low and set a new low at $0.213
Ripple is spotted under huge market pressure. The currency has fallen below the 7-day and created a new low at $0.213. The current market situation is extremely volatile and thus, the coins are badly suffering. Yesterday, Ripple was spotted dropping to a low of $0.216675 and a high of $0.223179.
The traders were expecting some improvement today, but it seems like they would have to wait for a little longer. Let’s have a look at the intraday movement of Ripple.
XRP/USD Price Chart:
Ripple started trading at $0.220 in yesterday’s chart. The price escalated in the opening hours and touched $0.222 with an increase of 0.60%. Later, the coin slipped to $0.220 by 1.36%. It improved again and touched $0.222 by 0.93%. There was another pullback that brought the coin to $0.220 while declining by 0.97%. The coin recovered and went up to $0.222 by 1.38%. The price shifted to $0.220 by 1.16%. The price improved and touched $0.221 by 0.57%. The intraday movement couldn’t bring much difference as the price closed at $0.220. Today, Ripple started the day at $0.220. The price embarked on a downtrend. The currency slipped to $0.212 by 3.69%.
Ripple Price Prediction and Conclusion:
The current price of Ripple is $0.213. The price is at the next support level after breaching the immediate support level at $0.216. There is a strong possibility for the coin to violate the major support level at $0.210. Here, take a look at the resistance and support level chart.
Ripple is speculated to give a good return in the future. The currency is recommended for long term traders. The same would bring the desired return to the traders.