The first day of February began with XRP plunging even lower at Rs. But as destiny would have it, XRP took a fall, landing up at Rs. 23.79 again, there was only a slight price recovery in XRP price when the coin hit Rs. 23.41, which was slightly above the opening price for the month. 22.92 on 1st April 2019, on 7th April, XRP provided a good trading opportunity for sellers when it crossed Rs. Even though the beginning of the month wasn’t too price aggressive, with XRP trading at Rs. Ripple Price in April 2019įrom the perspective of trading, April seemed like a good period. However, the highest price that XRP touched for the month was Rs. 23.32, XRP prices went through the roof by 31st May, standing at a staggering Rs. 30.16, concluding the price action for the month. Most of the selling action happened between 23 June to 26 June during which the price of XRP stayed above Rs. The highest that XRP touched in June was Rs. XRP price picked quite a bit the next day, the first day of June 2019, hitting Rs. As of 24th July, the price has declined more than 20%, hitting Rs. 30.41, XRP has been trading at lesser price everyday.
In July, so far, the price of XRP has been declining. Currently, XRP price sits at approximately Rs. Also, Facebook’s recently announced Libra coin has been fuelling the market for BTC and most altcoins, which explains the sharp spikes in price during the second half of June 2019, including Libra. Reportedly, Bank of America filed a patent to use Ripple’s blockchain for faster applications processing. However, that couldn’t be the sole reason why XRP recovered in the past few months as Ripple has constantly been building alliances with financial corporations and banking institutions, among which XRP’s association with Bank of America is one of the most prominent. Notably, this was also the period when BTC price showed a positive market sentiment, which drove the prices up for other cryptocurrencies like XRP, ETH and others. However, there were some noticeable spikes in the price observed in the period of May to early July. Price of Ripple (XRP) in 2019Įven though, In the past 8 months, XRP has seen quite a number of ups and downs, the price has more or less been stable throughout the period with a mild growth in price of about 19%. Regarding the price of the Ripple, it is evolving and is currently experiencing a fairly substantial increase against the dollar and Bitcoin. The analysis of course evolution is nevertheless essential. Access to this market is very simple and there is no need for significant capital to invest in these cryptocurrencies. The best known is probably bitcoin, but there are others including the Ripple.
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