Price Analysis

Latest Ripple price and analysis (XRP to USD)

Volatility has returned to Ripple’s XRP token with it trading between an eight percent range on Monday morning.

It initially sprung from the $0.14791 level of support to $0.1626 before suffering a sell-off, with it now trading back down at $0.15623.

The volatile trading session has been attributed to the Federal Reserve’s pledge to support the markets by purchasing assets with “no limits”.

The announcement from the Fed caused a temporary hike in the US stock market, reiterating the positive correlation equity markets have with cryptocurrencies.

From a short-term perspective, XRP needs to continue closing daily candles above the $0.14791 level of support as it aims to push towards a potential breakout.

A confirmed breakout would come into fruition if XRP can rally to above $0.17443, which has become a bitter point of resistance since the gruelling move to the downside earlier this month.

However, the overall trend remains bearish with Ripple’s token trading at around its lowest point for three years, with price declining by more than 95% during that period.

Downside targets remain at $0.13491 and $0.06178 although much of the upcoming price action depends on the trajectory of Bitcoin moving into the halving.

For more news, guides and cryptocurrency analysis, click here.

Latest Ripple price

Current live Ripple pricing information and interactive charts are available on our site 24 hours a day. The ticker bar at the bottom of every page on our site has the latest Ripple price. Pricing is also available in a range of different currency equivalents:

US Dollar – XRPtoUSD

British Pound Sterling – XRPtoGBP

Japanese Yen – XRPtoJPY

Euro – XRPtoEUR

Australian Dollar – XRPtoAUD

Russian Rouble – XRPtoRUB

Bitcoin – XRPtoBTC

About Ripple (XRP)

Ripple is a real-time gross settlement system (RTGS) developed by the Ripple company. It is also referred to as the Ripple Transaction Protocol (RTXP) or Ripple protocol. It can trace its roots to 2004 when a web developer called Ryan Fugger had the idea to create a monetary system that was decentralised and could effectively allow individuals to create their own money.

Ripple is one of the largest cryptocurrencies and is one of the top 10 cryptocurrencies by market capitalisation.

More Ripple news and information

If you want to find out more information about Ripple or cryptocurrencies in general, then use the search box at the top of this page. Here’s a recent article to get you started:

https://coinrivet.com/ripple-ceo-brad-garlinghouse-hits-back-at-critics-xrp-is-not-a-security/

As with any investment, it pays to do some homework before you part with your money. The prices of cryptocurrencies are volatile and go up and down quickly. This page is not recommending a particular currency or whether you should invest or not.

Oliver Knight

Londoner ‘Ollie’ graduated from Birmingham City University with a journalism degree in 2016. He combines his writing with his love of crypto and blockchain here at Coin Rivet, saying “It disrupts well-established institutions (banks) while giving an avenue to the less fortunate to achieve financial freedom.” Like all true Londoners, his pet hate is… “People standing on the left-hand side of the escalators on the Tube!”.

Disqus Comments Loading...

Recent Posts

The surge of Bitcoin NFTs: Everything you should know about Bitcoin ordinals

From digital art to real-estate assets, NFTs have become a significant attraction for investors who…

3 weeks ago

MEXC Partners with Aptos to Launch Events Featuring a 1.5 Million USDT Prize Pool

Singapore, Singapore, 21st October 2024, Chainwire

3 weeks ago