Ripple Price Analysis – Ripple Remains Supported at $0.35; Will the Bears Regroup to Push Prices Below?
Ripple has seen a further -2.35% price decline over the past 24 hours of trading. The market is now presently trading at a price around $0.3614 after undergoing a further decline totalling -10.98% over the previous 7 trading day period.
- Ripple has remained steady at strong support at the $0.3596 handle.
- Price action has remained supported at this level for the past 8 trading sessions, increasing its validity.
- Support moving forward; $0.3596, $0.3249, $0.30, $0.2669, $0.2468.
- Resistance moving forward; $0.3775, $0.4022, $0.4242, $0.4659, $0.50, $0.5280, $0.5901, $0.60, $0.6852
Ripple is ranked in 2nd position in market cap rankings with a total market cap value of $14.57 billion. The 64 month old project has seen a rough 30 day trading period where price action has dropped by almost 20%. However, it is important to consider that, relative to the rest of the entire cryptocurrency market, this has been a pretty muted price decline as the majority of other cryptocurrencies have lost a…
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