The previous two days, the third largest cryptocurrency in the crypto market has been enjoying the bullish momentum and all because of the parabolic bull run of Bitcoin. The market price movement is also a factor of the bullish movement, but today the currency is under bearish pressure.
Previously the XRP’s price is increasing along with Bitcoin and going to up to the mark of $0.50. Now, when Bitcoin has crossed the $10K mark, the experts are thinking that the XRP will raise also as it is showing in this technical analysis.
Current Rate of Ripple (XRP): Currently, the currency is trading at the value of $0.464398 USD at the time of writing. The value of XRP is decreasing by -1.64%. The market capitalization of the currency is $19,720,279,108 USD and the 24-hour volume of the currency is $1,942,631,505 USD. The circulating supply of the currency is 42,501,950,124 XRP and the total supply of the currency is 99,991,601,899 XRP. The ROI of XRP is 7,799.18%.
In the 2017-18, XRP’s value crossed $3.89 and reached around the value of $4 with the bullish movement of Bitcoin. The experts now are thinking that the price of the currency will increase up to $0.50, but now the market is in correction phase and XRP is not able to move above $0.50 level. The experts are thinking that the bearish correction will not affect much and the XRP will surge soon.
On June 22, the XRP’s value increased to $0.481957 USD at 21:14:00 UTC and if the bulls had remained strong the value would have crossed $0.50 mark. The people in the crypto community are also discussing the bitcoin bullish movement. One of the respected members of the crypto community, Cryptomist stated, “$XRP Yasssss! After weeks of mentioning it, we finally are making some solid ground. We are facing some resistance here at 47c however, 48 cents is historical resistance from 23rd April. You want a Bag for when this break. Congrats if you been accumulating with me.”
Ripple (XRP) is one of the currency is not much liked cryptocurrency in the market. On the other hand, another member of the cryptocurrency named Bleeding Crypto also said, “People who told you XRP would not go anywhere, just remember how ignorant they are. This will reach ATH no one gives a shit if it’s a bank coin or not. Decentralize or not. All that matters is that you can make a shit load of money from it. Period. Be careful who you follow!”
It is still not sure when the currency will re-test its all-time peak value, but the experts are predicting that the XRP value is increased.