The crypto market is exhibiting a bearish trend from the opening hour. The plunge was expected to be short-lived, but the same is still hanging around and might bring loss to the intraday traders. Ripple coin has been tremendously affected by the pullback pressure. The currency has dropped to $0.274. The chances of improvement are quite thin for intraday trading.

Ripple Price Analysis

XRP coin started dealing at $0.275 yesterday, and then, it escalated to $0.281 in the first three hours. The price plunged to $0.279 in the next hour. The currency escalated again and touched $0.284. Ripple price dribbled to $0.281 but improved back to $0.284. The fluctuation in the coin took the counter to $0.280 and then improved to $0.283 by 1.05%. XRP price slipped to $0.279. The currency hovered at the same level for a while, and before closing, the price jumped to $0.284. The intraday movement of the Ripple cryptocurrency reflected a 2.83% progression.

Ripple (XRP) Price News

Today, the opening hour carried improvement signs. However, the next few hours spotted a heavy fall in the price. XRP coin was at $0.272 at 04:08 UTC, then, it escalated to $279, and the price dropped to $0.271. The volatility is still intact, and the current price is at $0.274. As per the current, Ripple price is also expected to be trading downwards in the upcoming hours. The coin has violated the immediate support level at $0.277 and quite near to the next support level at $0.273. The same is also likely to be breached in the coming hours. 

Juan Cox
Author

Juan Cox is an News Writer. He has knowledge in informative analysis of the currency, commodities and statistics. He has been writing the news related to the Ripplene from last 2 years , and he writes based on price analysis and exchanges.

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