Ripple Grows by 4.8% Overnight to Trade Beyond $0.28

Ripple has been able to fetch a 4.8% growth over the last 24 hours, and its current value has now gone above 0.28 USD. The three price variations have given the price trend a range between 0.2724 USD and 0.2885 USD.

Ripple Price Analysis

Ripple’s first price swing started at 00:02 UTC, and over the next 9 hours and 8 minutes, it went as high as 3.38% to reach 0.2816 USD. After the next few hours of volatility, it faced a deduction in the value by 3.05% that took the value to 0.2736 USD from 0.2822 USD in 4 hours and 6 minutes. It was followed by a hike of 4.13%, and it happened between 20:17 UTC and 02:07 UTC, today. This last variation added 0.0113 USD and pushed it to 0.2849 USD.

The market cap of XRP on October 13 was 11.99 billion USD, and over the last 24 hours, it has got a decent hike. The current market cap is now around 12.25 billion USD.

As of now, Ripple’s current price trend is going above both its 50-day and 20-day averages. The 50-day average is trending below its 20-day average line. It shows that Ripple has found strength in the last few weeks, and the upcoming days may witness more shows of strength. If you want to know more about Ripple, you can go through our forecast page and read more about the XRP coin forecast.