Ripple May Test Support at the 30-Day Low Price Mark

• 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. Read more about XRP price prediction for this year. The currency is recommended for long term traders. The same would bring the desired return to the traders.