Like many of its major peers, Ripple cryptocurrency also has been devalued over the last 24 hours. It has shown a fall of 6.26% in this period with three major price shifts. The range of the shifts is between 0.2172 USD and 0.2023 USD. The current price of XRP coin roams around 0.2036 USD.
XRP was being traded at 0.2172 USD at the starting of the day, and over the next 10 hours and 42 minutes, it lost 3.22% value and got placed at 0.2102 USD. The next swing happened between 14:28 & 18:36 UTC, and over these 4 hours, Ripple faced a whopping 5.47% decline that took the price to 0.2023 USD, the lowest for the day. The next few hours were slightly bullish for XRP coin and between 20:04 & 01:55 UTC today, Ripple lost 1.73% value and got placed at 0.2039 USD.
Ripple Price Prediction
The market cap also has witnessed a free fall over the last 24 hours. The market cap on December 16 was 8.974 billion USD, and now it is roaming around 8.931 billion USD. It should be noted that for the second time over the last month, the market cap has been confined to an 8 billion USD mark.
Ripple’s 20 days MA stands at 0.2042 USD, and it’s 50 days MA is now at 0.2045 USD. XRP price is currently roaming around 0.2036 USD that is 0.44% and 0.29% less than the 50 days and 20 days MAs, respectively. The coin may show signs of weakness over the next few days and fall to the support of 0.2030 USD. However, investors are advised not to be swayed by the selling pressure as in the medium-term, it is likely to bounce back.
Resistance and Support Levels
R1- $0.2151, R2- $0.2230, R3- $0.2271
S1- $0.2030, S2- $0.1989, S3- $0.1910