The third-largest cryptocurrency by market cap, Ripple XRP price seems to be following the king Bitcoin while the queen Ethereum is enjoying good yields today.
Coin Market Cap is reporting a loss of about 0.66 percent in the Ripple XRP price value during the last 24-hours. While the price chart is a tale of the struggle, XRP price movement took in the last 24-hours to break through to the new highs but unable to sustain the position above the $0.243 mark.
XRP price went as high as $0.24648 mark at one point during the past 24-hours but fell down to the $0.241 range once again. Since then, the price has been trying to gain bullish momentum but unable to find support. XRP price stood at $0.245 at the start of the day, while it is currently at $0.24151 at the time of writing.
Ripple XRP price movement: What to expect?
Famed trading and analysis firm Excavo is of the view that the current stale Ripple XRP price trend in the short term is not to worry about. Excavo chart explains that in the long run since the cryptocurrency is bound for a long term high that is due soon.
However, the Excavo chart is based on various other factors such as partnerships. This includes the Ripple Foundation and RippleNet partnerships with various different banks, especially those in the Middle East. However, the price can sway in any direction, given the overall market position. Cautious trading is a must to stay secure.
Featured Image by QuotesInspector
Disclaimer: The information provided is not trading advice but an informative analysis of the price movement. Cryptopolitan.com holds no liability towards any investments based on the information provided on this page.
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Saad B. Murtaza
Journalist, Writer, Editor, Researcher, and Strategist with over 10 years of experience in the digital, print and public relations industries, Saad has been working with the mantra, Creativity, Quality and Punctuality. In his waning years promises to build a self-sustaining institute that provides free education. Carrying a diverse portfolio he has studied and written on topics related to cyber crimes, scams, blockchain, and cryptocurrencies.
