Now, when Ripple will be dealing directly with the global banks, it might become one of the secure cryptocurrencies where non-traders or beginners can earn some returns. Everyone is excited to trade with XRP when there will restriction from all financial bodies.
XRP price was initially seen trading at $0.25535 at 02:54 UTC. The value then escalated upwards by 1.57% at 15:33 UTC, when the trading price changed to $0.25936. Ripple price then dropped by 3.41% at 17:45 UTC, trading at $0.25121. XRP coin then went further down to the lowest touch down of $0.24853 at 20:14 UTC. Ripple price from then is slightly increased by 1.37% as of now.
Latest Stats of Ripple
|Return of Investment||4187.98%|
|Market Cap||10,826,511,834 USD|
|24 Hour Volume||941,710,956 USD|
|Total Supply/ Circulating Supply||99,991,362,294 XRP/ 42,984,656,144 XRP|
|7 Day High/Low||0.265279 USD /0.250805 USD|
Ripple might become a concern soon as the value is still trading in the bearish zone. However, it might be an opportunity for new entrants to join the XRP network.
Considering the short-term investment goals, users might have to hold on to their positions as the constant drop is seen on the daily charts. For long-haul investment, XRP might be able to surprise the users with good motion in the near future.
The resistance and support levels are calculated as below:
Considering the above resistance and support levels in mind, traders can save themselves from any losses.