Ripple News Today:
As per the latest update, XRP’s losses could be because of the controversies surrounding Ripple Labs – the San Francisco based organization that raised several million by giving XRP tokens. Indeed, even the organization’s most steadfast supporters of late blamed it for selling an enormous part of XRP and, along these lines, making the value decay.
Ripple Price Analysis:
XRP coin was being traded with the price being $0.22191 on December 12, 2019, with the bullish trend. With a minor drop, it fell to $0.21541 the next day. For the next three days, the prices were almost constant, and the trend of the currency was sluggish. Ripple price reached $0.20502 on December 16, 2019, due to a sharp fall. The XRP prices dropped again the next day to $0.19456 and then dropped again to $0.17601 on December 18. Within a day, there was a drop of almost 9%. Though it has managed to recover from this drop well, the bears continue to maintain control.
Ripple price comparison since yesterday’s value shows a downward movement of 3.79%. XRP price is likely to fall further and reach $0.0191. After the end of the week, it may be able to pick up some pace and reach near its immediate resistance of $0.021.
As per the trend noticed, traders should hold the existing coins. Chaikin Money Flow Indicator presents the negative trends for the Ripple cryptocurrency. The performance of XRP coin since the past one week presents volatile movement from December 12 to 17. Post which, the scenario has changed. It is recommended to trade from a long-term vision.