Will Ripple (XRP) Price Overshadowed by the Bears Again?

Ripple News Today: A proposed bill on settlement protections refers to Ripple as the most current advancements in terms of the payment channel. Expanded cross-outskirt settlements have alarmed US controllers to the open doors for following and verifying assets. This may come as a piece of positive news for the coin.

Ripple Price Prediction:

XRP price was trading around $0.2666 a month back. On November 15, the coin recorded a fall of 2.89%. Then, the coin moved upwards and reached to $0.2664 on November 17, but gradually started to decline and reached $0.2443. On November 22, the Ripple price was $0.2435 but due to market pressure, it reached $0.2047, which was the lowest price point of the last month. Since the said date, XRP coin has not been able to gain back pace and get back control over the bulls. While writing this piece, the movement remained to be bearish.

Today, Ripple cryptocurrency shows a negative trend of 4.14% as compared to the price on December 9, 2019. As per the current trend, the same movement will remain intact for some time, and the price may trade around next support $0.218.

We advise you to hold the existing coins now as per its movement noticed. Ripple’s price comparison over the past month presents the downtrend. However, today, the XRP coin shows a slight recovery. If we look at last month’s trend, the bulls had control from November 15 to 22, post which the bears are dominating the currency. Ripple, if being traded from a long-term perspective, it has the potential to cross $0.26 in the upcoming weeks.