Ripple’s XRP token is currently consolidating in a bullish zone following its remarkable performance over the past month.
The world’s third largest cryptocurrency by market cap is trading at $0.625 as it lines up a move back to the $0.676 level of resistance.
Short-term levels of support remain at both $0.592 and $0.573, although it seems a though a move to the upside is more likely over the coming days and weeks.
If XRP can begin to trade above $0.676, its next hurdle will be its yearly high of $0.78, which was also a local top in September, 2018.
Much of its upcoming trajectory will depend on the direction of Bitcoin and whether it can break is all-time high of $20,000 with conviction on heavy volume.
While altcoins like XRP may initially suffer if Bitcoin breaks its all-time high, profits will eventually be diversified into more speculative assets which is when XRP will most likely break its yearly high.
If, however, Bitcoin fails to breach $20,000 and slumps back to the low $17,000 mark, altcoins will bear the brunt of the sell-off with a downside target of $0.50 becoming a likely taget.
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.