Ripple (XRP) Exhibits Reverse Movement from Yesterday’s Price Crash

Ripple (XRP) Price Prediction
  • Ripple price returns to $0.22 after hefty price crash of yesterday
  • Despite the recovery, intraday trading seems dull

Ripple price movement has been quite disappointing for quite some time. In yesterday’s price crash, XRP price dropped below 52-week low. Well, the currency embarked improvement thereafter and is currently at $0.22028.

The intraday traders might be spotted booking marginal profit. The momentum of Ripple is not as impressive as per the current market scenario. The same is speculated to improve in the coming days.

Ripple Price Prediction:

Yesterday, the XRP coin started dealing at $0.22249. The currency fell tremendously in the opening hour and touched $0.20278 by 9.17%. Ripple price escalated to $0.21645 by 6.47%. The recovery was followed by another fall that brought the coin to $0.20787 by 3.96%. Further, the XRP coin jumped $0.22559 by 8.52%. During the closing hours, the currency dropped to $0.21927 by 2.84%. The intraday movement brought 1.47% loss in the coin. Today, Ripple started the day with a fall of 2.12%. The counters switched from $0.21927 to $0.21477. Further, the XRP coin price recovered and touched $0.22115 by 2.97% hike.

XRP/USD Price Chart

The current price of Ripple is $0.22028. The coin seems to be moving towards the immediate resistance level at $0.227. In the coming hours, the currency might be spotted breaching the same. However, if the movement reverses, Ripple would find immediate support at $0.208. The coin is speculated to give best result to the long-term traders. The short-term investment might give the traders their desired result.

Resistance Level Price Support Level Price
R1 $0.227359 S1 $0.208449
R2 $0.236096 S2 $0.198276
R3 $0.246269 S3 $0.189539
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