Ripple (XRP) on Wednesday traded at losses with negative growth of around 2.5%. Ripple (XRP) is presently trading at $0.3 and has shown a negative growth of 0.6%. The Ripple (XRP) 24 hours volume as of writing this article was $873.7 million and Market Cap was $12.5 Billion.
The bulls failed to capitalize on Ripple (XRP) leading to losses and the loss of hope for recovery as well. Ripple (XRP) has shown this trend since the beginning of 2019 and it is facing difficulty to come out of this cycle. There was hope earlier to break out of the downward momentum but the bears seized the market not letting such improvement to take place.
The support level was $0.31 weekly and $0.31 daily and the resistance level is $0.3227 daily and $0.3292 weekly. Ripple (XRP) is not the only digital currency that is seeing a low phase other digital currencies are also in the same path seeing the volatility in the crypto market. All other digital currencies have behaved in a similar manner. If the bulls pay their attention towards Ripple (XRP) it can show great potential and can move as high as $1.
The coin can really gain in the future as the payment using this digital currency will increase as predicted. Moreover, Ripple (XRP) is planning other applications that will increase the demand and the usage of the currency thus helping the coin perform better in the crypto market. This will increase the price of the coin in the future as well.