Ripple Price has Dropped by 1.5% Since Yesterday

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

Key Value
Market Ranking 3
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:

R3: $0.26604

R2: $0.262686

R1: $0.257513

S1: $0.248986

S2: $0.245632

S3: $0.240459

Considering the above resistance and support levels in mind, traders can save themselves from any losses.

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