Price Analysis

Latest Ripple price and analysis (XRP to USD)

Ripple’s XRP token is currently trading within a tight range with it using the daily 200 exponential moving average as support while the 50EMA is forming a point of resistance.

At the time of writing the world’s fourth largest cryptocurrency by market cap is trading at $0.25092 after suffering a 3.91% sell-off from the $0.2598 level of resistance.

This means that in spite of the recent downtrend from its local high of $0.329, XRP remains in a neutral position on lower time frames as it decides its next course of action.

Breaking above the daily 50EMA and the $0.2598 level would set up a positive move to the upside, with the next level after that coming in at $0.2835.

XRPUSD on TradingView

However, if XRP closes a daily or weekly candle below $0.2279, it would confirm a break down in price, which would see it enter a new bearish phase from a macro perspective.

If the bearish scenario comes into fruition, XRP would most likely slide to below $0.20 following a lack of confidence and lack of momentum from buyers.

It’s worth noting that XRP currently does follow the wider cryptocurrency market in terms of price action, which means that if Bitcoin suddenly makes a move back towards $12,000, XRP will likely begin to consolidate higher.

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:

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.

Oliver Knight

Londoner ‘Ollie’ graduated from Birmingham City University with a journalism degree in 2016. He combines his writing with his love of crypto and blockchain here at Coin Rivet, saying “It disrupts well-established institutions (banks) while giving an avenue to the less fortunate to achieve financial freedom.” Like all true Londoners, his pet hate is… “People standing on the left-hand side of the escalators on the Tube!”.

Disqus Comments Loading...

Recent Posts

Here is why Bitcoin is still a lucrative investment in 2024

Those who enter the market at this time may be surprised to hear that Bitcoin…

1 month ago

Zircuit Launches ZRC Token: Pioneering the Next Era of Decentralized Finance

George Town, Grand Cayman, 22nd November 2024, Chainwire

1 month ago

The surge of Bitcoin NFTs: Everything you should know about Bitcoin ordinals

From digital art to real-estate assets, NFTs have become a significant attraction for investors who…

2 months ago

MEXC Partners with Aptos to Launch Events Featuring a 1.5 Million USDT Prize Pool

Singapore, Singapore, 21st October 2024, Chainwire

2 months ago