CryptocurrencyPrice Analysis

Ripple Price Analysis: Support level at 0.253 decides the fate of XRP Price

The trending behavior of the coin is not in the bullish zone but on the basis of technical analysis and on the performance of 7 days, the value may achieve the mark of $0.26 in the next two days.

Ripple News and Events

The Ripple startup is nominated by LinkedIn in the top 50 growing startups in the US and ranked as 18th number. This is the second time it succeeded in achieving a top rank in the list of LinkedIn.

Ripple has launched Xendpay to ease the process of payments across the borders:

As traveling to and working in other countries has become easier, people are also increasingly more comfortable with transferring money digitally.

Coin Statistics

The market cap is hovering at $11,024,917,677 USD and 1,042,274 BTC. The trading volume is accumulating at $1,075,010,293 USD and 101,629 BTC. There are almost 42,984,656,144 XRP tokens are circulating in the crypto markets out of total 99,991,362,294 XRP.

Price Value of XRP

The current price value of XRP is standing at $0.255 at the time of writing. The 24-hours change is displaying the negative trend at -1.44%.

Performance of Seven days

The performance in the past seven days shows a slight recovery as it was testing around $0.252 on 29th July that soared to the current level of $0.256. However, the increase in value is very low that is not enough to disturb the long term trend.

When putting a cursory view on the performance of the coin since 2018, it reveals that the negative trend remained dominant. The one-year statistics stated that it has dumped by -22.7% in one year.

Ripple Price Prediction

There is strong support at 0.253 that will hit the trend line upward and price may reach up to $0.261 after breaking the resistance level of $0.26.But there are also chances that it may cross the support zone and will dump to the $0.251.But it all depends on the bear zone that may ignite or slump the value as well.

Conclusion

However, the value has not shown a good price rally in the near past but the ROI value 4,253.95% is good work on the part of the token.

Leah Hutton

Leah Hutton has recently joined Tokenhell team as a freelance writer. She has comprehensive knowledge of blockchain and various cryptocurrencies.

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