Ripple Price Analysis: The Crypto is Showing Bullish Surge

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Arushi Dubey
Arushi Dubey is a student of Bachelor in Arts( Psychology). She is pursuing Psychology in arts with English literature and French Language. She is well versed in the English language. She is good at expressing her thoughts into words. She is still getting more and more trained in gathering knowledge related to Crypto Currencies and expressing them.

The cryptocurrency market is experiencing ups and downs this week. Some of the currencies have experienced the bullish surge, but the market has again under the slight correction. The top ten currencies are under bearish pressure. Ripple (XRP) has shown some nice movements in this week and the value of the Ripple wasn’t doing anything good in the start.

Five days ago the currency was trading at the value of $0.25173 at 06:00 UTC and the value of the currency increased by 6.70% on the same day. After the increase, the value was trading at $0.26858 at 22:30 UTC. On 16th August, the value of Ripple decrease a little around 4.88% and started trading at the value of $0.25548 at 05:40 UTC. After two days the XRP values rise tremendously around 14.03% and it was trading at the value of $0.29133 at 17:00 UTC.

Current Status of Ripple’s Value: The currency is currently decreasing by -2.85% and it is trading at the value of $0.275968. The market capitalization of the currency is $11,836,474,844 and the 24-hour volume of the $1,132,455,176. The circulating supply of the currency is 42,890,708,341 XRP and the ROI of the currency is 4,598.26%.

XRP Price Prediction and Conclusion: The currency is under bearish exchange and it is the signal for the buyers are to purchase the currency. The new associations and announcements are being made so it might help the value to increase. This time is the right time to purchase new XRP coins and the main resistances of the Ripple value are $0.288804, $0.294281 and $0.29947 and the main support levels of the Ripple value are $0.278138, $0.272949 and $0.267472. The pivot value of the XRP is $0.283615. The experts are predicting that the value of the Ripple might achieve the value of $0.50.

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