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Author Topic: XRP Price:Latest Price Analysis  (Read 207 times)

Selina_p

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XRP Price:Latest Price Analysis
« on: June 12, 2020, 11:40:43 AM »
XRP may test demanding yearly lows before the end of 2020 after painting a gloomy picture on both low and high time frames.

XRP price token continues to stand still in a bearish mode in spite of its position as the fourth largest cryptocurrency in circulation.

XRP is now trading below the $0.20 level of support and has a market cap of $8.66 billion, which may now toss to a point of resistance.

With the point of last month,it is worth 16.02% less which displays a clear change in behaviour since the refusal from the daily 200 EMA at $0.235.

In order to generate a bullish repeal from a macro standpoint XRP needs to cycle its way back above the yearly high of $0.346 to form its first lower high since it fastened to an all-time high of $3.28 in January, 2018.

Regular lower lows coupled with decreasing volume paints a worrying picture for XRP investors, especially as other altcoins have made their performance better in the past year.

Ripple CEO Brad Garlinghouse has answered by stating that XRP token sales are essential to the companyís survival.

Regardless of whether XRPís bearish trend is caused by token sales or not, downside price targets of $0.175 and $0.13 can be predicted before the ability of a giving in low to single digits.

50Sat

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Re: XRP Price:Latest Price Analysis
« Reply #1 on: June 12, 2020, 12:01:31 PM »
I don't think that price will grow to 2017 level

Blueblade

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Re: XRP Price:Latest Price Analysis
« Reply #2 on: June 15, 2020, 01:53:11 PM »
I think coming days ripple price will decline again according to the current market situation ripple market capitalization is going to bottom so it dropped from third position , this year will be a dull year of ripple but Ripple likely to hit $1 in bull market.

G.Belaci

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Re: XRP Price:Latest Price Analysis
« Reply #3 on: June 30, 2020, 12:42:48 PM »
The price in 2017 was insane. I wonder if Ripple wil ever reaches this level again. Right now the price is only $0.177 compared to $2.8 in 2017.

 

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