Ripple News (XRP News)

Ripple (XRP) Follows the Suit; Price Drops by 30% in 7 Days

Ripple’s price against USD has been contracted by more than 30% over the last seven days. The current price of the XRP coin stands at $0.1479, and it may further deteriorate in the upcoming days, as per the past few days’ trend noticed. After it recovers from weekly low at $0.11, XRP coin continued to trade with moderate bearishness.

XRP/USD Price Chart

Ripple (XRP) Price NewsIf we look at the broader picture of the price trend of Ripple, it managed to trade around $0.28 with the regressive trend. However, at the beginning of the ongoing month, XRP was trading stably around $0.24, but then, it registered strong downside momentum and fell tremendously.

On March 11, Ripple price was trading at $0.2118, and over the next two days, it got down by a massive fall of 44.71% and lost $0.0947. Then, the XRP coin reflected a slight recovery and touched $0.1654 by a massive hike of 41.25% in the next two days. However, this boom was not a long-lasting one. Soon, the price got slackened by 10.40% and confined to $0.1482.

XRP Price Prediction

XRP’s current price at $0.1479, is lagging behind its both the long-term moving averages, namely, 90 & 200-days MA. As per the technicals, Ripple price may consolidate around $0.15 in the upcoming hour. And it might trade to the next support point at $0.135.

Ripple (XRP) Resistance and Support Levels
1st Resistance $0.149
2nd Resistance $0.155
3rd Resistance $0.159
1st Support $0.140
2nd Support $0.135
3rd Support $0.130

Erica Lee

Erica is a finance professional who has over a decade of experience in the finance sector as a management consultant. After years of reporting on forex, stock markets, and finance, she now contributes her strong financial skills with the CoinNewsSpan team. Since 2014, she has been deeply involved in the blockchain and cryptocurrency space. She believes that blockchain technology has tremendous potential to make our lives better.

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