Ripple who hopes in a recovery as it manages to successfully defend the $ 0.44 ripple price analysis
On October 30th, Ripple became one of the few coins on the market that saw a positive moment after yesterday's fall. The last 48 hours have been hectic for most of the coins, but some bulls have been resilient and have seen some coins recover. Although for the most part the gains are very low, the positive momentum could prove crucial if the broader downtrend in the market continues.
Ripple, which ranks third in the market, is one of the best coins that have seen an upward movement since yesterday's fall. After a week, last week, of a side action that saw the currency swap around $ 0.45, the currency rose to $ 0.46 at the weekend and in the early hours of Monday, but the currency took a dramatic turn of hours later.
The currency has fallen to $ 0.43 within no more than 3 hours. Despite some efforts by the bull to recover these prices and push them to $ 0.44, the bears remained resilient and at the end of the day the prices returned to $ 0.43.
Today, however, the bulls tried to buy back the market and were rewarded for it. At the time of the press, Ripple traded at $ 0.442727, marking a 0.67% price increase in the last 24 hours. Price growth is expected to reach 1% in the next few hours.
XRP / USD price table, Tuesday 30 October:
This month saw Ripple suffer some more noticeable hits on October 12, when prices fell to lows of $ 0.40. It was a relief that the coin has found a higher level of resistance this time. Perhaps the currency could, after all, finish what was a difficult month on a high note.
The ripple at the start of the month was trading at the high of $ 0.58 and many remain optimistic about the fact that the currency will soon find its way to it. However, the downward trend that continues to dominate the market remains its biggest obstacle.
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