Technical Analysis

Ripple Price Analysis: Ripple (XRP) Price Dropping Below the Baseline

We are waiting for some grand news and announcements to be shared by Ripple soon. The capitalization was affected with past 2-3 days with a constant drop, but it seems that Ripple will come back with the charm again.

Ripple price is currently trading at $0.339 at 05:39 UTC on 13th July 2019. The other calculated factors are as follows:

  • Return on Investment: 5696.17%
  • Total supply / Circulating Supply: 99,991,588,101 XRP/ 42,566,596,173 XRP
  • 24 Hour Volume: 1,448,354,816 USD
  • Market Cap Value: 14,492,117,790 USD
  • 7 Day high/low: 0.408374 USD / 0.322926 USD

XRP to USD Price Comparison

On 9th July at 00:10 UTC, the value was trading at $0.4080. The value dropped by 15.32% on 10th July at 15:00 UTC with a trading value of $0.3457. The value went further down by 8.38% on 11th July at 04:05 UTC.

However, the value increased by 10.53% on 12th July at 09:45 UTC and fluctuating in the same zone from then.

Ripple Price Prediction and Conclusion

With the constant drop, Ripple continues to trade with the bearish nature. However, it might not be really good for the long term as the existing traders might be losing on their returns. Ripple might surprise us as well. Let’s continue to watch the trend closely.

And we never know, by the end of 2019, we might see Ripple trading at $0.7.

Henry Waldman

Henry Waldman is a forex news expert. He loves dealing with statistics values. He works as a forex news writer for our team. He loves reading finance blogs.

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