XRP Value Dropped By More Than 25% In Last One Month

Fibo Quantum

Ripple recently partnered with BeeTech, a Financial Advisory and solutions firm that will help in delivering cost savings under significant time to their customers. One of the highest customers of Beetech is Erick Gutierrez, Founder of Euro Dicas, which is one of the biggest travel advisories of Europe.

Price Analysis of Ripple on 29th July 2019:

Ripple coin is currently trading at $0.31004 at 08:07 UTC as on 29th July 2019. The other calculated contributions in the coin positioning are as follows:

  • Market Ranking: 3
  • Return of Investment: 5197.40%
  • Total supply/ Circulating Supply: 99,991,553,791 XRP/ 42,832,704,971 XRP
  • 24 Hour Volume: 887,608,125 USD
  • Market Cap Value: 13,327,860,393 USD
  • 7 Day high/ low: 0.329168 USD/ 0.304110 USD

XRP to USD Price Comparison:

XRP Chart by TradingView

Considering the price data from last one month, the highest value was seen at $0.4288 on 30th June at 00:00 UTC, the value dropped from there by 25.95% on 11th July at 03:30 UTC and the counters changed to $0.3164. The value further went down by 7.81% on 16th July at 18:00 UTC, trading at $0.2917.

The value, however, saw an escalation by 16.72% from then on 20th July at 21:00 UTC, trading at $0.3401. The value yesterday was dropped by 11.77% at 22:30 UTC where the coin fell from $0.34013 to $0.3001. The current trading value has a slight growth of 4% from then.

Ripple Price Prediction and Conclusion:

XRP, just like every other coin in the network as of now, is trading in the bearish zone. New and existing users might be focusing on building a strong portfolio by going long with their XRP investments. But for a safer trade, you might want to consider resistance level and support level as:

  • R3: 0.324002
  • R2: 0.318388
  • R1: 0.315338
  • S1: 0.306674
  • S2: 0.30106
  • S3: 0.29801

And let’s hope for a delightful end of 2019 if XRP price can reach the trading value of $0.70 for good returns.