Ripple Price Analysis: Ripple (XRP) Price was down sharply in the last month


MoneyGram, which is one of the premium partnerships of Ripple, recently collaborated with the First Abu Dhabi Bank portfolio. Well, this news will certainly open the doors to the investors and traders of the United Arab Emirates who follow Ripple.

We hope that XRP can attract more users with lots of money and capital to invest in the Ripple network.

Current Ripple statistics:

The XRP price is exchanged at $ 0,30300 at 02:15 UTC out of 12th August 2019. The other essential elements are the following:

  • Return on investment: 504.76%
  • Total supply / Circulating supply: 99.991.387.607 XRP / 42.872.646.068 XRP
  • Volume 24 hours: 843,900,481 USD
  • Market capitalization value: 12,960,934,627 USD
  • High / low 7 days: 0.331414 USD / 0.293271 USD

Price comparison from XRP to USD:

Price forecast for corrugations
Price Chart of TradingView Waves

The price of ripple in the last month was seen at a minimum of 16th July at 17:30 UTC trading at $ 0.29116. The value is therefore increased by 16.72% out of 20th July at 22:00 UTC with trading value changed to $ 0.33986. The value is therefore decreased by 11.81% on 28th July at 22:00 UTC market value at $ 0,29984. The XRP price is therefore increased by 9.38% out of 5th August at 11:00 UTC with a commercial value of $ 0.32797. The value is therefore decreased by 11.43% on 9th August at 17:00 UTC which has now increased slightly since then.

Forecast and conclusion of Ripple prices:

XRP can be seen exchanging the light "bearish" zone starting now. Customers may face some tension starting now as profits are very difficult to appreciate right now. It seems that soon enough it could slip into the bullish zone. For a safer trade, operators should operate under resistance and support levels, which are determined as follows:

Resistance levels:

R3: $ 0.315697

R2: $ 0.310939

R1: $ 0.306427

Support levels:

S1: $ 0.297157

S2: $ 0.292399

S3: $ 0.287887

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