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Ripple Price Analysis: Bulls Finding Support near $0.255 Mark

The currency is trading at the value of $0.255333 and the price is up by 0.64%. The market capitalization of the currency is $10,985,558,815 and the 24-hour volume is $796,284,908. The circulating supply of the currency is 43,024,433,511 XRP and the ROI of the currency is 4,246.95%.

The currency remains at the value of $0.255 since August 28, 2019, and earlier the currency’s value is decreased by 0.06% in the previous 24-hours. The currency is trying to reach towards the of $0.2581 and $0.26 but it is not happening. However, the experts are positive that the currency will achieve bullish moves by the end of this year. Currently, the currency is showing a lot of ups and downs in the market.

XRP Price Analysis: Yesterday, Ripple’s value increased by 0.81% and achieved the value of $0.2562 between the time 00:05 UTC and 03:45 UTC, but it doesn’t maintain its bullish movement for long. In later 6 hours and 39 minutes, the currency lost around 0.0040 ns reached up to $0.2522, which is the lowest of the day. However, the currency again went bulls around 10:24 UTC and increased 1.73% achieving the value of $0.2566.

The currency again fluctuates and this time the value of fluctuation is $0.0035 and it occurred inside the time range of 17:05 UTC and 20:08 UTC. The last fluctuations in the value bring some relief to its traders and the value increased by $0.0030. The value reached around $0.2561 at the time of 00:09 UTC.

Experts are positive that the value of XRP will find resistance near the values of $0.2581 and $0.26 soon. The currency has enormous users, it will eventually increase the short-term and also gets support for medium-term. The traders are waiting for the next bullish rally of XRP. The resistance levels of the currency are $0.256872333, $0.258193667 and $0.26006133 and the main support levels are $0.253683333, $0.251815667 and $0.250494333. However, the SMA of the value is below for the continuous four days, but 4-hour chart 50-day SMA is forming a resistance. The technical analysis is neutral.

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About 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.

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