Cryptocurrency markets are trading sideways with no clear sense of direction. The coins are all trading within a $30 range showing a range of 0.24-0.28$ per coin, which is about 6.7% above the 100-day moving average. This is the same level seen last week. What do you think will happen to the prices in the near future ?
The Ripple price had a very rough start last week, losing some of its value by over 30%. Now, the price has recovered a little and is currently trading at $0.46 per coin. Some people believe that a price rise is on the way. This makes sense, given that the last time the price fell, it made a sharp recovery.
While the cryptocurrency markets are volatile to say the least, Ripple (XRP) is trading sideways for now. But what does that mean? Is it still a good buy or should you sell now?. Read more about xrp price prediction calculator and let us know what you think.
San Francisco-based Ripple, which offers blockchain-based cross-border payment services, appears to have entered a consolidation phase and is struggling to emerge from it. The XRP price target has been stuck in the $0.85 range for the past few days and remains there. Right now, the question revolves around the price action of the seventh-ranked digital currency, when it can break out of that zone, and whether it can make a significant move in the next few days.
Price value XRP
At the time of writing, XRP has a price target of $0.8466 with a change of 0.97% over the past 24 hours.
- XRP has a market value of approximately $39,117,505,178 of the total market value.
- 2,921,099,019 is the 24-hour trading volume of the currency.
- The currency has a circulating reserve of XRP 46.21 billion.
XRP Price Analysis
XRP entered the market a week ago, on June 11, in the $0.85 range and has been trading in this area ever since. All the while, he was in a baisse mood. It has done so only once in the last seven days, on June 14, traded above the $0.90 level, but only for a short time, as shown in the chart below:
Currently, the value of the cash transfer currency is holding around $0.85, which as mentioned above is a consolidation zone. The first thing XRP needs to do is break out of this price zone and become bullish. Once it is in bullish momentum, it can trade higher. And if you look at the current state of the room, it’s a little greenish.
The first resistance level for the XRP is around $0.91 and the second at $0.956. On the other hand, the third level of resistance is at $1.01. The three support levels for the currency are $0.82, $0.76 and $0.71 respectively.XRP is a cryptocurrency that has been a big story in the crypto community lately. The price of XRP has been all over the place in the last couple of weeks. XRP is currently trading for under $0.20 cents. This is a lower price than the last couple of months.. Read more about xrp price prediction today and let us know what you think.
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