- Ripple (XRP) price movement exhibits 7% downtrend
- The tremendous drop is speculated to take some time to recover
Ripple’s price was spotted struggling at the beginning of the month. In the last month, the coin jumped $0.315 but couldn’t hold itself and fell due to the heavy market pressure. Recently, XRP price is completely under the influence of the bearish market trend and touching new lows. In the last 7-days, the currency touched a high at $0.271360 and a low at $0.246971.
The fall in the price of Ripple seems to last long. The improvement in the currency would take some time to embark.
XRP/USD Price Chart:
As per the above-given chart, there is a huge fall in the price of the XRP coin. The currency started the week at $0.268. The price dropped by 3.14% during the intraday movement on November 15, 2019. The coin escalated on November 16 to $0.263 by 0.95%. The uptrend remained intact on the next day, too, and jumped to $0.264 by 0.36%. On November 18, the Ripple price fell tremendously to $0.252 by 4.51%. On the next day, there was a slight escalation that took XRP price to $0.254. Yesterday, the price counter returned to $0.250. Today, it is trading at $0.249 and is marking 7% loss during the week-long run.
Ripple Price Prediction:
XRP price is currently dealing at $0.249. The intraday traders are speculated to experience loss. The price is slowly moving towards the crucial support level at $0.23. In the coming hours, Ripple is likely to breach the same soon.
Ripple is a high result-yielding coin. The currency is highly recommended for long-term traders. The same is speculated to bring the desired return.