- Ripple (XRP) price plunge take the coin below the 52-week low
- The price crash disappoints the traders
Ripple price movement is under the bearish trend. The price crash started yesterday and is still hanging around with the coin. Along Ripple, Ethereum and Bitcoin are also victimized. Bitcoin dropped below $6,900 and Ethereum touched $132.
The coin is spotted battling with the market pressure from the third quarter. The anticipation of early improvement is completed faded. The intraday movement is likely to bear the loss.
XRP Drops Below Support at $0.198
Yesterday, Ripple started the day at $0.218. The currency slipped to $0.213 by 2.29%. The coin locked itself at $0.213 for some time. The price slipped to $0.211 by 1.04%. The price escalated to $0.215 by 5.40%. The currency dropped to $0.203 by 3.95%. The price jumped to $0.208 by 2.39%. The coin closed the day at $0.206. The intraday movement in the price indicated a 5.40% regression in the price. Today, Ripple started with a steep fall. The counters changed from $0.206 to $0.193 by 6.39%. The coin recovered in the later hours and touched $0.200 by 3.50%. The price slipped to $0.197 by 1.34%.
Ripple has already dropped below the immediate support level at $0.203 and the next support level at $0.198 as the current price is at $0.197. The currency might breach the major support level in some hours too.
| Resistance Level | Price | Support Level | Price |
| R1 | $ 0.215135 | S1 | $ 0.203089 |
| R2 | $ 0.223044 | S2 | $ 0.198952 |
| R3 | $ 0.227181 | S3 | $ 0.191043 |
The traders interested in Ripple are recommended to opt the long-term investment. However, the current time might not be considered as the best for investment as per XRP coin price prediction. It would be good if traders waited for a time and then plan to dig-in.
