Ripple (XRP) Price Analysis- February 2019

In the month of February the overall trend was upward in the ripple price. It has shown a growth of 6.5% in the last 30 days so far. This trend is different then the month before i.e. January 2019 where it was trading high. If we compare it with top cryptocurrencies then xrp was left behind at #3 by ethereum again.

Price Analysis

If we analyse the price trend for the ripple then there was no any unusual movement in the price. It is still behind the price what it was trading in January

  1. 5.9 % decrease in price over the last 7 days
  2. 3.0 % increase in the price over the last 14 days
  3. 6.5 % increase in the price over the last 30 days
  4. 14.2 % decrease in price over the last 60 days

In the final week the price trend shows a strong selling interest and it broke the support level of $0.30 by dropping below the level of $0.29.

Ripple Price
Ripple Price Trend February 2019

Week First

First week performance was average in terms of the price, the price remained low at the closing end.

DateOpen($)Close($)
07-02-20190.2890270.290246
06-02-20190.2991670.289027
05-02-20190.2992280.299167
04-02-20190.3017470.299228
03-02-20190.3083020.301747
02-02-20190.3066260.308302
01-02-20190.3084740.306626
Average($)0.3017958570.299192

Week Second

On the second week the price trend changed as against the first week with average opening price at $0.303851 and closing price at $0.305194. Average trading price was below around $0.31. If we compare it with first week then we can say it was much consistent.

DateOpen($)Close($)
14-02-20190.3028160.299648
13-02-20190.3036890.302816
12-02-20190.301530.303689
11-02-20190.3076470.30153
10-02-20190.3106040.307647
09-02-20190.3104270.310604
08-02-20190.2902460.310427
Average($)0.3038510.305194

Week Third

In third week as entire crypto market was bullish ripple price was not intact of the trend. It performed better then the last two weeks and crossed the resistance level of $0.31, $0.32 and $0.33

DateOpen($)Close($)
21-02-20190.3314490.320008
20-02-20190.3215130.331449
19-02-20190.3198150.321513
18-02-20190.3028630.319815
17-02-20190.3002030.302863
16-02-20190.3003480.300203
15-02-20190.2996480.300348
Average($)0.3108340.313743

Week Fourth

The performance of ripple price was consistent during the fourth week and it was trading above $0.31 resistance level except on 24th when it broke the support level of $0.30.

DateOpen($)Close($)
28-02-20190.3104580.311228
27-02-20190.3163830.310458
26-02-20190.3253250.316383
25-02-20190.2971770.325325
24-02-20190.3312980.297177
23-02-20190.3215440.331298
22-02-20190.3200080.321544
Average($)0.3174560.316202

As per the data trend, ripple price seems to be steady and does not show any unusual upward movement. Maintaining the support level of $0.30 seems to fine so far. Resistance level should be $0.33 for the month of March 2019 as per the trend above.



Data Source: coingecko.com

Disclaimer: We do not encourage or suggest anybody to invest in XRP and other Cryptocurrencies, please do your own full research and follow the law/rules as per your country standard.

You can share this post!

Author: Manoj Raturi

I am a Blockchain Technology enthusiast and love to read and write about it.

Leave a Reply

Your email address will not be published. Required fields are marked *