Latest Ripple price and analysis (XRP to USD)

XRP is currently on the brink of a bullish breakout above $0.26 for the first time since early September as it benefits from the PayPal news

Ripple’s XRP token is going into the typically low-volume weekend on the back of a bullish week after rallying by 8.26%.

It is, however, now approaching a crucial level of resistance at $0.26, which has not been taken out to the upside since early September.

Breaking above $0.26 over the next fortnight would tie in with the bullish narrative surrounding Bitcoin following PayPal’s foray into digital assets.

Bitcoin is currently trading at around $13,000 for the first time since June, 2019. If it can continue to rally followed by a period of consolidation, altcoins like XRP could well begin to see the proceeds of profitable Bitcoin trades.

XRPUSD chart by TradingView

One of the most notable parts of XRP’s recent price action is that it has held well above the daily 200 exponential moving average.

Over the past three years XRP has struggled to gain momentum to the upside, consistently falling below key moving averages as it slumped from an all-time high of $3.28 to as low as $0.128 earlier this year.

If XRP can break above $0.26 it would almost certainly trigger a bullish break out, with price targets beginning to emerge at both $0.285, $0.296 and August’s local high of $0.327.

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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.

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

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