Ripple’s Price goes Down Further Worrying Investors

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Ripple’s Price goes Down Further Worrying Investors

  • Ripple is looking at further losses in its valuation, as it has already traded below $0.27 and slipping further.
  • XRP has been trading at around $0.27 for a very long time and it was seen dropping below $0.27 at around 09:25 UTC reaching the lowest value of $0.265.
  • The short term SMA line was below the long-term SMA line and with RSI at 31, MACD was showing a negative sign with the signal line pointing upside.

Ripple which was doing great a few years ago is seeing a downfall in its price badly. Ripple (XRP) was at its peak costing $3.38 in January 2018. After that, XRP was seen going down badly and at the start of 2019, it was $0.3469.

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Now, XRP is seen slipping further, costing $0.274 at present. Ripple is a real-time gross settlement, remittance, and currency exchange network.

Ripple is looking at further losses in its valuation, as it has already traded below $0.27 and slipping further. This slip in the value of XRP is creating a wave of worry among investors who have invested good money in XRP and investors who are looking to invest fresh in XRP.

XRP has been trading at around $0.27 for a very long time and it was seen dropping below $0.27 at around 09:25 UTC reaching the lowest value of $0.265.

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Ripple adjusted at $0.273 around 12:25 UTC, which is the 50% fib-retracement level.

It continued to drop again further and at $0.264 it was at its lowest again at 14:25 UTC.

Technical indicators of all kinds seem to be bearish as of now and are likely to continue further. The short term SMA line was below the long-term SMA line and with RSI at 31, MACD was showing a negative sign with the signal line pointing upside.

Ripple is likely to feel resistance once it crosses $0.27 but with its value at $0.269, it’s will be tough.

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Steve Anderrsonhttp://www.thecoinrepublic.com
Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain.

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