Latest Ripple price and analysis (XRP to USD)

XRP will likely test the $0.1825 level of support over the coming days after failing to cling onto the $0.20 level yet again as bearish pressure mounts

As previously noted in Coin Rivet’s analysis XRP remains in bearish territory following a relatively dismal performance over the past six weeks.

It is now trading back below the $0.20 level of psychological resistance while $0.1825 remains an important level of support to the downside.

In order for XRP to trigger a bullish reversal it needs to break above not only the $0.20 level but also the daily 200 moving average, which is at $0.2125 after sloping to the downside for more than two years.

In the past 12 months XRP has spent just three weeks above the 200MA as it continues to struggle due to a lack of bullish momentum.

If the $0.1825 level of support eventually falls XRP can be expected to drop to as low as $0.1475, which is around the point it bounced in March.

XRP’s notably bearish chart is baffling considering the amount of work the Ripple Foundation has been putting in on a global level, with increasing numbers of significant partnerships being secured.

However, one of the main issues that keeps rearing its ugly head in terms of XRP’s price is the over-the-counter token sales that have been commencing.

A group of aggrieved XRP investors filed a lawsuit against Ripple over the token sales, although Ripple CEO Brad Garlinghouse replied by claiming that the sales were “vital to the survival of the company”.

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

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:

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.

Disclaimer: The views and opinions expressed by the author should not be considered as financial advice. We do not give advice on financial products.

Previous Article

BTSE and Bitfinex announce utility token cross-listing

Next Article

Latest Bitcoin price and analysis (BTC to USD)

Read More Related articles