Ripple Price Analysis: XRP is struggling to break $0.29 Resistance Level

The third-ranked cryptocurrency Ripple has been trading between $0.26 and $0.28 and has not been able to go above these points for the last twenty days. The token is hoping to break the resistance level of $0.29 very soon.

Coin Statistical Data

The market capitalization of the coin is standing at $11,812,870,514 USD out of the whole market cap of cryptocurrency. The twenty-four-hour volume of the coin is $1,306,063,065 USD. Out of 99,991,330,383 XRP, the circulation supply of the token is 43,166,787,298 XRP.

XRP Price Value

The price value of XRP at the time of writing is holding the mark of $0.273694 USD and 0.00003280 BTC with the change of 0.23% in 24 hours.

Ripple Price Prediction

The coin has been struggling for the last one month to start a rally. But the movement of the coin in the upward direction is gradual and with this gradual flow, to start a big rally is not easy. For now, the price aims to break its resistance level as soon as possible because if XRP wants to see a big rally then it will have to break the resistance level of $0.29. On the basis of our analysis, we hope that it will be able to break it in the upcoming days.

Ripple Price Comparison

XRP has been showing fluctuation in its trend behavior during the last thirty days. The coin was trading at $0.24 on 12th Sep 2019 and it recovered itself from this mark and reached $0.32 on 18th Sep. The token could not hold itself at this point and again started to move in the downward direction and stopped at its lowest point of $0.23 on 24th Sep. Because of this fluctuation, XRP has been trading between $0.24 and $0.28.

The one-month price comparison chart of the coin showing the fluctuation in the coin behavior is given below:

Conclusion

XRP users are waiting for a big blow from the coin as the coin has not shown such kind of performance in the last many days. But it is still holding the hope of users. The coin is trying to get above the current trading point and seeks to achieve its destiny.

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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