Latest Ripple price and analysis (XRP to USD)

Ripple's XRP token, like many cryptocurrencies, is struggling to establish a period of momentum having suffered a gruelling month of sideways price action

There is unfortunately a lack of meaningful price action to report on in terms of XRP’s chart this week, with it continuing to stagnate around the $0.20 mark.

It has now remained in a tight range since May 9 when it slumped to a low of $0.175 before bouncing back to the upside.

The lack of movement in price is reiterated by a relative lack of trade volume across all major exchanges, with just $1.05 billion being traded over the past 24-hours compared to May’s daily high of more than $3 billion.

Levels of support and resistance remain the same for XRP, with $0.2279 remaining a key point of resistance to the upside while $0.183 should prop price up in the event of a sell-off.

However, undoubtedly the most important indicator to keep an eye on is the daily 200 moving average, which is now residing at $0.2137.

XRP has traded above the daily 200MA for just three weeks out of the past 12 months as it continues its seemingly never-ending downtrend, which means a break above this level could indicate a long-awaited bullish reversal.

If a breakout can be achieved XRP is expected to reach upside price targets of both $0.296 and $0.347, the latter of which is important as it remains the yearly high.

From a macro perspective breaking above the yearly high would form a higher lower for the first time in more than one year, which could bring around higher targets of up to $0.50

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Latest Ripple price

Current live XRP price 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.

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