Ripple Price Analysis: XRP’s Recent Sideways Action Can End Up With a Blast Move?

August 25, 2019 | By | Reply | 88 Readers More

Ripple has remained pretty stagnant this past week after ‘suffering’ from a small 4% price decline, to bring the price of XRP down to $0.2694, at the time of writing.

The cryptocurrency has struggled over the past 30 days after dropping by a total of 15% with a further 37% price plunge over the previous 90 days; this is despite the rising price of Bitcoin. XRP remains the third-largest cryptocurrency with a market cap value of $11.56 billion.

Looking at the XRP/USD 1-Day Chart:

  • Since our previous XRP/USD analysis, we can see the sideways movement that XRP has been going through. The coin had attempted to break toward $0.30 but had been rejected, which had caused XRP to fall back beneath $0.28. Since this moment, XRP has continued to trade sideways.
  • From above: The nearest levels of significant resistance lie at $0.2811 and $0.30. Higher resistance then lies at $0.3177 and…

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