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Ripple XRP price analysis, 5 May 2019; currency holding steady

ripple price analysis 5 may 2019

The crypto space is going through a consistent upwards trend and this surge in the market momentum has cause trading prices to skyrocket. This increase in market momentum has increased the market capitalization of the crypto space to be near almost a hundred and eighty-three billion dollars ($183 billion).

XRP is standing at third position and it has gone down over one percent over the course of the past 24 hours. XRP is currently trading at zero point three dollars ($0.304) and has a total market capitalization of twelve billion dollars ($12.0 bn).

Ripple XRP price analysis, 5 May 2019; currency holding steady 1Ripple XRP chart created with Trading View

XRP and was being traded at around zero point zero nine dollars ($0.097). XRP has resistance levels at zero points three, four and five dollars ($0.37, $0.45 and $0.51) whereas the support levels are stable at zero point two dollars ($0.29).

The one-day XRP charts indicate that green closing bars that make the crypto community anticipate an increase in market momentum for XRP. The CMF indicated the opposite and predicted a decrease in market momentum for XRP.

Ripple price has been shaky in the past few weeks but the currency is slowly gaining its momentum back. However, the XRP price may still take a while getting there, slow and steady.

This analysis leads us to the conclusion that XRP is demonstrating the fact that it is currently less volatile in nature.

Aroosa Nadeem

Aroosa Nadeem

A media graduate and passionate media person Aroosa has a knack for digital media journalism and outreach. She has contributed content to different digital media publishers in a variety of areas including technology, health and finance.

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