Ripple cryptocurrency is currently trying to maintain its momentum from the beginning of the new year. Over a period of the last 3 months, the price of XRP has been fluctuating in the range of $0.18 – $0.31, indicating that currently, the currency has marked hefty recovery in this period and as per the current momentum, it may cross its weekly high $0.25 mark soon.
XRP price was trading at $0.3087, with a movement being upside on October 25, 2019, but then, it started downside movement, and the price went below the baseline. The bears started showing stronger foothold in the crypto market and managed to push the price of Ripple crypto below the baseline to $0.21 on November 25, 2019, showing a downward movement of 31.98%.
XRP/USD Price Chart
There was some respite from the bear pressure when the price went up to $0.2304 on December 08, 2019, by 9.70% hike. The bears were in no mood to relent, and the price again fell to $0.1878 by a huge decline of 18.60% on December 17, 2019. Then, from the beginning of this year, XRP reflects uptrend, and on January 14, 2020, the price went up to $0.2398 by 27.67% hike. Today, the currency is trading with marginal downside movement and reaches $0.2319.
As per the last 30-day price trend, XRP coin reflects moderate recovery. Trade99’s analysts are confident about the capability of XRP to get back to its winning ways. Investors need not worry about the current short-term volatility as it is a coin with a long-term growth prediction.