Latest Ripple price and analysis (XRP to USD)

Ripple (XRP) has maintained sideways movement over the past week, having been surpassed by Ethereum as the second largest cryptocurrency by market cap during the previous trading session, due to the scheduled Ethereum hard forks coming in early January.

Ripple is currently trading at about $0.36 after a drop from the $0.40 levels experienced in early December, which lasted up until the holiday period. Volume is currently around $530,000, about half of the volume traded during Christmas, which reached a peak above $1 million.

The two major resistance and support levels are currently sitting at around $0.40 and $0.27, respectively. We can expect a swift recovery in the weeks to come, however, if the market remains overall positive. History shows that we see a rise in Bitcoin’s price first against the dollar, and soon afterwards, short boosts in the major top 10 cryptocurrencies, such as Ripple.