Ripple had a great start, but after July it faced bearish pressure. The past 7 days also began on a good note for the coin; however, the price started sliding below the baseline by the end of the week. The price of XRP coin has been moving in the range of $0.26 – $0.24 over the past seven days.
Ripple Price Analysis
XRP price was having a good time during most part of the past seven days, but the price started going below the baseline near the end of the period. On November 14, the price of Ripple was at $0.2686. It fell to $0.2571 on November 15. It rose to $0.2640 by 2.63% rise on the next day. The price again had a fall at $0.2597 on November 17 with a downward movement of 1.54%. The XRP price continued its good run and reached $0.2644 on the same day and showed an upward rally of 1.85%. The bear pressure became prominent from here, and the Ripple price reached $0.2461 on November 19. The current day’s price has risen slightly to $0.2485.
The bears are trying to offset the uptrend taken by XRP at regular intervals causing the price to move below the baseline. The next few days will indicate whether the bearish trend will continue, or the coin could go for an upward recovery. Analysts are positive that the Ripple will show its true potential soon.