Ripple has registered some great days in 2019. The first two quarters were amazing, and the traders benefitted the most during the same. The situation reversed from the third quarter and the same wasn’t taken well by the XRP coin. The downtrend continued in the fourth quarter and the year seems to end at a disappointing note.
Ripple Price Analysis
Yesterday, Ripple price started the day at $0.193. The price dropped to $0.191 by 1.17% within the first few hours. The XRP price improved and touched $0.194 by 1.38%. The currency dropped to $0.192 by 0.72%. Then, Ripple price escalated tremendously and went up to $0.196 by 2.03% hike. After this hike, it dropped to $0.195 by 1.02%. The price jumped to $0.198 by 2%, and then it fell again to $0.196. The closing hour brought a slight growth as the XRP coin closed the day at $0.197. The day-long movement in Ripple brought 1.92% profit. Today, the currency started the day again with a fall but this time it was 1.02% as the price touched $0.195. The coin went up to $0.198 by 1.52%. However, the price of Ripple coin slipped in the later hours to $0.193 by 2.34%. Recently, the coin recovered and touched $0.195.
A few hours ago, the XRP coin was at the immediate support level. It has recovered from the same, but the anticipations believe that Ripple price would breach the level again. The intraday movement has been a little disappointing and thus, hefty recovery is not on the chart.
Ripple is recommended for the long-term traders as it would bring the colossal return during the specified time frame.