Ripple price movement has astounded the traders in the past. The coin is speculated to give flourishing results in the future. The current situation of the XRP coin is a bit disappointing as the currency has fallen due to heavy market pressure.
If we look at the last month’s chart, the price was spotted booking new highs. The movement was interrupted by the heavy fluctuation. Let’s have a look at the monthly price chart of XRP/USD:
Ripple Price Analysis
The above price chart is indicating heavy volatility in the Ripple price. The coin started dealing at $0.26152 on October 01. The price slipped to $0.25609 by 2.08%. Later, the XRP price escalated to $0.28913 by 12.7%. The coin couldn’t hold itself at the level and fell to $0.26773 by 2.33%. Further. The currency recovered and touched $0.3001 by 3.05%. Then, it faced another pullback and touched $275 by 6.88%. Later, Ripple was seen trading around $0.300. The price slipped to $0.25036 by 12.03%. Further, the XRP price jumped to $0.3110 by 24.22%. The currency fell to $0.29475 by 4.94%. Amid heavy ups and downs, Ripple marked 14.47% upsurge during the month. The ongoing month began with uptrend and touched $0.31219 by 5.92%. The currency slipped to in the later days and is currently at $0.26148 by 16.15%.
Ripple is a high potential cryptocurrency, and it is popular for giving flourishing results to the traders. The current scenario might not be impressive, but the future is anticipated to be great. For intraday traders, XRP coin is reflecting slight fall towards the immediate support level at $257. The traders are recommended to dig-in for long-term period. The same would give the desired result to the traders.