Ripple has started 2020 with a positive digit. Where top guns like Bitcoin, Ethereum, Litecoin, and many others are still reflecting downside momentum, Ripple has exhibited improvement in the very first day of the year. The improvement in the coin is likely to stay.
The first quarter of 2020 would bring substantial improvement in the price of the XRP coin. The traders were waiting for the upsurge to embark on the coin. The same is most likely to arrive and is set to give good news for the rest of the year.
Ripple Price Analysis
Ripple started at $0.192 on yesterday’s chart. The currency escalated to $0.194 by 0.77%. After a slight drop, Ripple again climbed to $0.194. The currency slipped to $0.192 again by 1.22%. The coin jumped to $0.194 by 1.36%. The currency dropped to $0.190 by 2.29%. The closing hour brought an upsurge in the XRP coin and took the price to $0.193 by 1.88%. The coin closed at $0.193, with a 0.06% progression in the price. Today, the first few hours took the Ripple price to $0.196 by 1.68%. The XRP price dropped to $0.193 by 1.19%.
Ripple is considered to give a positive result in both the short & long-term periods. However, the short-term might bring profit, but it might be as per the desires of the traders; hence, we would recommend them to go for the long-term investment. Checkout XRP predictions for more future price prediction by our experts.
For intraday traders, the coin might bring profitable closing. The currency is quite near the immediate resistance level at $0.195. The same might be breached in some time.
| Resistance Level | Price |
| R1 | $0.195192 |
| R2 | $0.197489 |
| R3 | $0.200101 |
| Support Level | Price |
| S1 | $0.190283 |
| S2 | $0.187671 |
| S3 | $0.185374 |