The crypto market performed splendidly in the first two quarters. The traders were eyeing for a good year ahead, but the expectation got shattered as the third quarter brought heavy fall in the price of the coins. Ripple was also caught in the same storm.

XRP coin started the last quarter of the year with marginally improved performance. The market pressure soon took over the coin, and the price started falling. The drop in Ripple price was quite voluptuous. The same might take some time to recover.

Ripple Price Analysis:

XRP coin was at $0.277 on August 26, 2019. Till August 31, the price slipped to $0.259 by 6.40%. September started with a moderate movement of around $0.259. Later, the price escalated to $0.328 by 25.36%. Later, Ripple’s price dropped tremendously to $0.218 by 43.87% fall. The last few days brought a slight recovery that brought XRP price back to 0.258 by 18.24% hike. October started with recovery. The price climbed to $0.300 by 14%. The coin slipped immediately to $0.251 by 18.69%. The price again jumped and touched $0.305 by 21.59%. The month reflected 13.62% growth as the coin closed at $0.294. November opened with a slight uptrend. Later, the price moved to $0.209 (a new 52-week low) from $0.310.

Ripple (XRP) Price Chart

The traders who are interested in Ripple are suggested to hold their investment for some time. The current scenario is not suited for investment. However, in the future, XRP coin would give a marvelous return as it is counted among the most result-oriented coins. For intraday trading, the traders must not hope for profit as the coin has dropped below the next support level at $0.205.

Published by Marjorie Shull

Marjorie Shull is a content writer at ripplenews.me. She also edits the contents for the latest news. She is also a crypto analyst and guides people stuck in crypto exchange. She also raises awareness about cryptocurrency exchange frauds.

Leave a comment

Your email address will not be published. Required fields are marked *