Ripple (XRP) Trades Around $0.22; Price Movement Weakens in Later Hours

Ripple (XRP) Price Analysis

The cryptocurrencies are spotted improving from the last couple of days. However, there are few coins in the market that are still struggling to mark an astounding high. Ripple is considered to be in this group. If we analyze the movement of the XRP coin from the past week, the currency is seen locked around $0.22. The intraday movement in Ripple is considered moderate. The marginal profit could be expected from the intraday traders.

XRP/USD Price Chart:

Ripple (XRP) Price Chart

Ripple Price Prediction:

Yesterday, XRP coin started dealing at $0.226. The currency slipped to $0.219 by 3.07% fall. Further, the price picked up and touched $0.222. The coin dropped to $0.220. Ripple price improved in the later hours. Then, the price jumped to $0.226 by 2.39%. Then, again, it slipped to $0.222 by 1.76%. The coin escalated once again and closed the day at $0.2263. The progression marked 1.99%. The intraday movement in price marked an overall regression of 0.20%. Today, Ripple started the day with an escalation. The price counters changed from $0.2263 to $0.2273 by 0.48%. The price started dropping after that and touched $0.219 by 3.73%.

Ripple price is slipping tremendously, and it has breached the immediate support level at $0.221. In some hours, there is a strong possibility that the XRP price would fall below the next support level. The traders interested in the coin are recommended to opt for long-term investment. The short-run in the coin seems risky for the traders.

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