XRP Continues to trade in the Pivot Mode

After acquiring confidence in 47 Japanese banks, India might be next. Japanese banks recently completed money transfer pilot using Ripple which was a successful transaction. And now, we might see Ripple drawing imprints of the same in Indian community too. However, nothing strong has been disclosed yet.

Price Analysis of Ripple on 10^th May 2019

XRP is currently trading at $0.393 at 06:23 UTC as on 10^th July 2019. The other major factors contributing to the current market positioning of the coin are as below:

• Return of Investment: 6631.34%
• Market Ranking: 3
• 24 Hour Volume: 1,417,831,069 USD
• Market Cap Value: 16,830,317,401 USD
• Total supply/ Circulating Supply: 99,991,588,101 XRP/ 42,566,596,173 XRP
• 7 Day high/ low: 0.408655 USD/ 0.375611 USD

Comparison

As observed from the above 5-day chart, the lowest of the said time frame was seen on 5^th July at 22:55 with a trading value of $0.377 which was then increased by 8.71% by 6^th July at 14:40 UTC time trading at $0.410. The value dropped again in few hours at 23:45 by 5.27% having a valuation of $0.388. The trend continued in the same fraction and increased by 4.99% by 9^th July midnight with trading value of $0.4077. However, by evening of 9^th July at 19:45 the drop of 4.50% was seen again with a trading value of $0.38. As of now, the value has increased by 1.08% and hope to upsurge.

Prediction and Conclusion

XRP seems to be driven in the pivot mode, which means traders might have to wait on deciding as to ‘buying’ or ‘selling’ will be profitable. Supposedly, patience is a key here. However, it might surge to the upward motion sooner or later as it had even touched $0.50 in the previous month.

XRP is expected to trade around $0.75 by the end of the year.