Ripple cryptocurrency has lost the track under immense selling pressure. Over the last 24 hours, it has been down by 5.38% that took the XRP price to 0.1864 USD.
Ripple Price Prediction
XRP coin was being traded near 0.197 USD at the opening of the day, and by 09:31 UTC, it lost 6.24% value and got placed at 0.1847 USD. It was followed by a 3.09% hike that added 0.0057 USD that pushed the Ripple price to 0.1904 USD by 16:23 UTC. The last variation happened between 16:23 & 02:09 UTC, and over these 9 hours and 46 minutes, XRP lost 2.84% that took the price to 0.1850 USD.
Ripple’s market cap has shown a significant slump in the last one day. Yesterday, the market cap was 8.264 billion USD, and it has been confined to 8.166 billion USD as of today’s data. It should be noted that XRP’s market cap has not touched 9 billion USD mark since December 15.
XRP coin’s 20 days MA stands at 0.1857 USD, and it’s 50 days MA is now at 0.1858 USD. The current price of Ripple cryptocurrency is at 0.1864 USD, which is 0.32% and 0.37% more than the 50 days MA and 20 days MA, respectively. As the current price is trading above both the shorter span moving averages, the next few days may get bullish for Ripple. The next resistance may come at 0.196 USD. Investors are advised to wait for Ripple’s value to go beyond 0.20 USD before changing its stand.