Technical Analysis

Ripple Trading Back Above The Baseline But Under Bearish Zone!

Ripple has partnered with MoneyGram as a payment mode platform. The capitalization might increase with this news, but how soon is what we need answers for!

Price Analysis of Ripple on 8th July 2019

The value of XRP is currently trading at $0.39451 at 08:33 UTC on 8th July 2019. The other functionalities are as follows:

  • Return on Investment: 6598.31%
  • 24 Hour Volume: 1,084,334,539 USD
  • Market Cap Value: 16,747,739,119 USD
  • Total supply/Circulating Supply: 99,991,588,101 XRP/ 42,566,596,173 XRP
  • 7 Day high/low: 0.411288 USD / 0.375611 USD


The value is at lowest in past few days was seen on 5th July at 07:05 UTC trading at $0.374. The value then escalated by 1.76% on 6th July at 13:45 UTC, however, still in the bearish zone! The value was further escalated by 7.46% trading at the highest point in a few hours. The value was trading at $0.410 at 14:50 UTC, 6th July. The value touched down in the red zone again by 7th July at 15:10 UTC dropped by 5.16% trading at $0.389. The value has escalated back in the upward trend again increased by 1.25% as of now.

Ripple Price Prediction and Conclusion

Considering the data of the past 30 days, the trend seems to be in slight bearish nature. However, it will be difficult to predict if the value will go further down or might escalate upwards! But the chances seem to be dropping in the red zone.

However, this might be a good time for building strong Ripple Portfolio by ‘buying’ new coins in the network, and then, wait for profits!

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Francine Swan
Francine Swan has been a freelance writer for 3 years. She now works as content writer with our firm. Finance and forex are her keen interest topics. She also writes forex blogs.

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