Ripple News Today – XRP Falls Below the $0.2000 Level After Holding Steady For Weeks, Lower Lows Might Be on the Way – June, 12th, 2020

XRP2
  • Ripple XRP Starts the Trading Down by 7.34% Losing the $0.2000 Support Its Been Holding for Weeks
  • XRP Traded Lower By 7.34% Against the USD this Morning and Lower Lows Might be on the Way 

Ripple News Today – For more than three weeks, the price of Ripple XRP has been bearish against the USD. However, it managed to maintain the support at $0.2000 all this time. Unfortunately, the bearish pressure was too much this morning and the token ended up falling below the $0.2000 level again. It started the day trading 7.34% less than it did during the close of trading yesterday. In the first four hour candle of the day, the token was up by 0.63%. This means that about $0.0012 was added to the price. However, this wasn’t enough to take the token above the $0.2000 level again. However, the token is still struggling to retest this level.

Ripple News Today – Ripple XRP Has Been Moving Back And Forth Since It Fell Below the $0.2000 Level

Ripple is the 2nd out of the top 5 tokens that has experienced major price changes within the first eight hours of trading today. This morning, the XRP token traded as low as $0.188 for the first time in over two weeks. Things looked bad for the token and it came at the same time as a surge in the volume of XRP. Between yesterday and today, the volume of the token has surged by 64.35%. However, the volume is down by more than 20.76% within the last seven days. As the price of XRP started to change, people in the XRP community started talking about the token. As usual, there were new reactions. Some were bearish and others were bullish.

XRP (XRP) Price Today – XRP / USD

NamePrice24H %
ripple
XRP(XRP)
$1.12-2.49%

XRP Price Prediction 2020 – Ripple XRP Price Prediction 2020 

At the time of writing, the price of the token was $0.194210. It is down by 3.72% against the USD and down by 0.43% Bitcoin BTC. The trading volume over a 24 hour period is $1,446,437,365 and the market capitalization is $8,567,143,453. The token has crossed the 20 and 100 day moving averages. In the last 30 days, the price of Ripple XRP spent the 16 days trading in green. However, there was no significant surge against the USD. The next few days of trading will determine if the token will face lower lows or retest the $0.2000 level again. Traders don’t need to make any rash decisions right now. If the token keeps falling lower, holders are going to start selling.

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