xrp cryptocurrency price

Latest Ripple price and analysis (XRP to USD)

Latest Ripple price and analysis (XRP to USD)
Written by publisher team

Ripple’s XRP token has been shaken this week by a market-wide sell-off that has lost 17% of its value in three days.

The world’s seventh largest cryptocurrency by market capitalization, which is currently being investigated by the SEC, is now trading below the psychological support level at $0.50 as it heads for a broader correction to $0.40.

XRPUSD Chart by TradingView

Much of the path for XRP over the coming weeks depends on whether Bitcoin can weather the latest storm and stabilize above the $50,000 support level after slipping significantly from its all-time high of $62,000.

However, if Bitcoin plunges deeper before this month’s quarterly options expiration, XRP will also likely feel the pain, as downside targets begin to appear at the 200-day exponential moving average, which is currently at $0.38.

The ongoing investigation into the SEC will also have an impact on the future of the XRP token, although the opacity from Ripple Camp appears confident at the moment.

A positive solution may dispel concerns about XRP’s security position, which could cause investment to flow as the risk profile will become more favorable.

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latest Ripple price

Current live XRP price information and interactive charts are available on our website 24 hours a day. The indicator bar at the bottom of every page on our website contains the latest Ripple price. Pricing is also available in a range of different currency equivalents:

U.S. dollar – XRP to US Dollar

British Pound Sterling – XRPtoGBP

Japanese Yen – XRPtoJPY

Euro – XRPtoEUR

Australian dollars – XRPtoAUD

Russian ruble – XRPtoRUB

Bitcoin – XRPtoBTC

About Ripple (XRP)

Ripple is a Real Time Gross Settlement System (RTGS) developed by Ripple. It is also referred to as the Ripple Transaction Protocol (RTXP) or the Ripple Protocol. Its roots can be traced back to 2004 when a web developer named Ryan Fugger had the idea of ​​creating a decentralized cash system that could effectively allow people to create their own money.

Ripple is one of the largest cryptocurrencies and one of the top 10 digital currencies by market capitalization.

More Ripple news and information

If you would like to find out more information about Ripple or cryptocurrencies in general, use the search box at the top of this page. Here’s a recent article to get you started:

https://coinrivet.com/ripple-ceo-brad-garlinghouse-hits-back-at-critics-xrp-is-not-a-security/

As with any investment, it pays to do some homework before giving away your money. Cryptocurrency prices are volatile and rise and fall rapidly. This page does not recommend a specific currency or whether or not you should invest.

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