The last week of XRP coin has not gone as per the expectation of its investors, and it has given some sudden shocks as well in this period. The currency has made an overall slump of 1.63% in this period and the price has been confined to 0.186 USD from 0.1891 USD.
Ripple Price Analysis
On December 27, Ripple cryptocurrency opened the day at 0.1891 USD, and its first major price variation started at 0.1849 USD and over the next 2 days, it got a hike to the extent of 6.86% and reached 0.1976 USD. It was followed by a 4.15% decrease over the next 2 days that pulled the Ripple price down to 0.1894 USD. The next few hours saw some degree of strengthening and the value could climb to 0.1949 USD by 06:35 UTC of January 01. From there, XRP coin faced a price decline of 5.34% and that swing cost 0.0104 USD. It kept the value at the lowest point of the day at 0.1845 USD.
There has been a massive difference in the market cap front over the last seven days. On December 27, the market cap was 8.278 billion USD, and over the last week, it has shown significant ups and down to find itself at the current position of 8.110 billion USD.
XRP’s current price (0.186 USD) has already on a lead over its 20 days MA (0.1853 USD). However, the 50 days MA (0.1861 USD) is trending slightly over the current value. Ripple may see some marginal growth over the next few days, and it could maintain the momentum for a while. We can expect the next resistance at 0.191643667 USD.