Ripple News Today – Ripple XRP Finally Moves Above $0.2000 With Higher Highs to Come in Cardano Fueled Rally – May 31st – 2020 

XRP2
  • Ripple XRP Crosses the $0.2000 Level for the First Time in Weeks, Higher Highs Might be on the Way
  • Cardano ADA is Leading the Current Altcoin Bull Market Thanks to Upcoming Shelley Mainnet Launch

Ripple News Today – Yesterday, the price of Ripple XRP started recovering against the USD along with the rest of the cryptocurrency market. The bulls were able to maintain their hold on the market until this morning. At the beginning of trading this morning, XRP was up by 4.81% against the USD from yesterday’s opening price. This gave it the momentum it needed to move above the $0.2000 for the first time in over two weeks. For the second four hours after trading started today, the price gained by 0.15% from the first four hours.

Ripple Price Prediction – Ripple is Moving Slowly Higher Against the USD

While the Ripple XRP token is still the third cryptocurrency per market capitalization, it took 4th place in terms of changes in price percentage. The leading token in the rally is Cardano ADA which has been on a parabolic bull run for the last three days. XRP’s price surge over the last 24 hours has been accompanied by a drop in volume. This means that even if the price of the token has recorded some progress, the volume has dropped significantly over the last 7 days. The price of XRP moved across the 20, 50, 100-day moving averages yesterday. The XRP volatility has been contracting over the last two weeks compared to the last two months.

XRP (XRP) Price Today – XRP / USD

#NamePrice24H %
4
ripple
XRP(XRP)
$0.179
1.34%

At the time of writing, the price of Ripple XRP was $0.209893. This means that it is up by 3.52% against the USD and up by 3.25% against Bitcoin BTC. The trading volume over a 24 hour period is $1,742,211,315 and the market capitalization is $9,258,993,965. Even if the token is currently in the green, the token has been down for 15 out of the last 30 days. The negative price action of the token is discouraging since Ripple has been making progress in promoting its technology across the globe. Ripple is getting ready to take over the global financial sector by storm. Several companies have already partnered with RippleNet for this purpose.

XRP Price Prediction 2020 – Ripple XRP Price Prediction 2020

The current positive price action of XRP is most likely due to the surge in the price of Cardano ADA. Cardano has been on the rise for the last few days. The surge in the price of Cardano ADA has fueled a market-wide surge. Bitcoin was rising yesterday but it has lost the bullish momentum as it moves closer to the $10,000 level. The rise in the price of Cardano ADA is directly related to the anticipation surrounding the upcoming Cardano Shelley mainnet launch.

Ufuoma Ogono is a cryptocurrency writer with over 3 years experience in the cryptocurrency industry. She dedicates her time to sharing valuable information to members of the cryptocurrency community.

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