In the last couple of days of the course, the Ripple almost stabilized. However, the currency remains in the red zone: growth is constrained by strong resistance. Analysts are again talking about the right time to buy and short-term investments.
Last year, the growth rate of the Ripple could be called legendary: the cryptocurrency has risen by 36 000%. Then Ripple took the place of Ethereum, the second most popular cryptocurrency, and managed for a short time to cross the bar of the capitalization of $ 100 billion, becoming the first alithina to achieve this indicator. Since then, however, the Ripple price has collapsed. The currency was in a slow downward trend in the past few weeks has reached extreme lows.
Over the past week, the market capitalization grew by $ 100 million from $ 19 billion 2 April to $ 19.1 billion on April 8. On Monday, the volume of the market capitalization of the currency rushed to around 20 billion, but has not yet reached him: at the time of writing this record again fluctuates at a mark of 19 billion, and the rate of Ripple XRP is 0.48 US dollar.
Considering the weekly performance update, analysts say the strong resistance of cryptocurrency. Starting with 0,487 the U.S. dollar, the rate reached a week high of $ 0.56, but to benefit from this momentum did not. As can be seen from the graph for April 8, the growth of the Ripple constantly delayed line of resistance at $ 0.6. Some market analysts expect that the currency may drop to values of 0.21-0.25 USD, considering the moment a good buying opportunity and short-term investments (because the price will rise from 0.25 to 0.60 USD).
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Message Analytics course Ripple: suitable time for short-term investments? appeared first on Cryptocurrency Ripple (XRP): news, course, the forecast value.