Ripple Price Reverses Yesterday’s Fall for Traders

Ripple (XRP) has been the only coin among the top ten cryptocurrencies that has marked an uptrend in the market. The currency started the month with the trading price of $0.025 and is currently deals at $0.029. However, from last couple of days, XRP is observed for getting influenced by the market trend as the coin was seen falling yesterday. Today, the uptrend is moderate but yet stable. The intraday traders could be seen booking profits by the end of the day, if it continues to move with a similar momentum.

As per yesterday’s statistics, the price jumped to the highest at $0.297051 and fell to the lowest at $0.285773. Let’s have a look at the intraday chart of the coin.

Ripple Price Analysis:

Yesterday, the price started trading at $0.29 and immediately fell to $0.29 by 4.45% within the first few hours. Then, the price moved up to $0.291 by 3.09%. Further, it escalated to $0.294 by 2.46%. Towards the closing hours the day, the price jumped to $0.297 from $0.291 by 2.06%.

The intraday movement in the price brought a progression of 0.85% as it closed at $0.295. Today, the movement in the price was quite volatile. The price of XRP to USD was at $0.295 then touched $0.2900 and again returned to $0.294.

XRP is counted among the big forces of the market. Among, Litecoin, Ethereum, Bitcoin and others, Ripple has brought a maximum return. The future of the coin is speculated to be great. The investment in XRP wouldn’t go futile.

XRP Price is presently dealing at $0.0293. It looks like the price is moving towards the immediate resistance level. If the coin moves with the same momentum, then it has the potential to reach the next level at $0.0303. For the traders interested in the coin, the long-term investment is highly recommended. The same is anticipated to fetch the maximum profit.