Latest Ripple price and analysis (XRP to USD)

XRP suffered a major sell-off overnight as numerous levels of support were absolutely obliterated by bearish momentum

Ripple’s XRP token succumbed to bearish pressure with a 13% move to the downside over the past 24-hours as the reported head-and-shoulders pattern plays out to perfection.

Last Thursday, Coin Rivet reported on the potential of a reversal with veteran trader Peter Brandt pointing out a head and shoulders pattern.

Brandt claimed that the trend could cause a slide all the way down to $0.20, which now seems to be increasingly likely as it slumped towards the $0.232 level of support.

The sell-off was reflected across all major cryptocurrencies with Bitcoin dropping to $9,100 while Ethereum is now trading down at $235.

XRP needs to bounce back above the $0.245 level of support before this evening’s daily candle close to avoid continuation to the downside.

It is now trading below all major moving averages on the daily charge which suggests that momentum in the short term is pointing to the downside.

XRP remains 31% up since the turn of the year when it was trading at $0.18 but it is also 30% down over the past 11 days after sliding from the local high of $0.347.

Much of the upcoming price action will also depend on the direction of Bitcoin itself, with some analysts predicting it could surge significantly ahead of May’s block reward halving.

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Latest Ripple price

Current live Ripple pricing 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.


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