XRP ( Ripple) price analyse:
#XRP price is swing around 0.48 since yesterday. The last day, the price dropped by 5.80%, and over the past week, it dropped by 8.48%. However, when looking at the monthly chart, the price has increased by 13.60%.
It is uncertain whether Ripple's recent success in expanding its ecosystem will have a positive impact on the price of XRP. The cryptocurrency market has been mostly experiencing a decrease in value, and XRP lost $3 billion in market capitalization in just one day.
Analysts believe that XRP has the potential to break out of this bearish trend and reach a price as high as $0.8. This would require XRP to overcome a critical supply zone between $0.53 and $0.6. Only time will tell if this prediction comes true.
