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To issue an XRP price prediction for July 2020, we will be taking a look at the historical price data and market sentiment for Ripple.

Ripple Overview

AmaMary Ripple Coin, Vintage Plated Ripple Coin XRP Coin ...The Ripple blockchain makes use of XRP, its native crypto, to facilitate fast transactions and to power its payment technologies.

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The crypto currently sits at 4th position based on a market cap of $8,332,801,661 and has a current trading price of $0.188279, with a decrease of -0.18% in the past 24-hour period. 44,257,803,618 XRP are in circulation on the market at the moment out of a total of 99,990,932,726 XRP. In the past 24 hours, a $1,124,114,339 trading volume was recorded for XRP.

Ripple (XRP) Price Prediction: Analysis

XRP started trading in June at the $0.20 mark and escalated to $0,210731 towards the end of the day. On June 2nd, XRP peaked at $0,214335 but then corrected itself to $0,200696. Up until June 11th, XRP formed a consolidation pattern, trading tightly between $0.20 and $0.21.

On June 11th, the Ripple price saw a sharp decline from the crucial $0.2000 support. The XRP/USD pair went below the key $0.1950 support level and moved into a bearish zone, and it reached a low of $0,1844 before it started an upside correction. The coin experienced a recovery back to $0,190180 by the end of the day.

On June 12th, XRP reached $0,196277 but failed to maintain these gains and feel down to $0,193943. In the next few days, XRP faced resistance at the $0.1940 price and traded mostly around $0.1930.

The $0.1845 level is the immediate support, and XRP could plummet if it goes below that value. But the price might also trigger a recovery to the $0.1900 level. The first key resistance is near the $0.191 level.

Ripple Price

Ripple Price

WalletInvestor’s pivot, resistance, and support levels for XRP are:

  • Resistance Level (R3): 0.196
  • Resistance Level (R2): 0.195
  • Resistance Level (R1): 0.193
  • Pivot Point: 0.192
  • Support Level (S1): 0.191
  • Support Level (S2): 0.190
  • Support Level (S3): 0.189

Developments

A few days ago, Brazilian bank Banco Rendimento became the first financial institution to successfully make the transition to the new RippleNet cloud. Banco Rendimento stated that through its partnership with Ripple, it will open more payment corridors in the near future. No further details have been released. Ripple’s CEO, Brad Garlinghouse, and several other senior executives had a meeting with the Central Bank of Brazil last week.

On June 11, it was announced that Ripple’s financially backed coil will be investing $1 million in a three-year partnership with tech site – Hacker Noon. The collaboration will be about implementing Coil’s web monetization standard to give readers micro-payment rewards for reading content on its platform.

Ripple Price Prediction: Market Opinion for July 2020

Seeing as various crypto sites have made their own XRP price prediction for July 2020, we will be including some of the most important ones below in order to better illustrate the market sentiment for Ripple.

Tradingbeasts

Tradingbeasts foresees that XRP will reach $0.2442152 by the beginning of July 2020. The site calculated a maximum price of $0.3032411 and a minimum price of $0.2062039. The coin is anticipated to close the month at a price of $0.2425929, change for July 30.83%.

Longforecast

Longforecast projected that XRP will start July at $0.18. They anticipated a maximum price of $0.20, a minimum of $0.16, and a monthly average of $0.18. The site calculated that XRP will close the month at a price of $0.17, change for July -5.6%.

Digitalcoinprice

Digitalcoinprice’s XRP price prediction for July places the coin at a price of $0.39312779, signifying an increase of 110.83%.

Coinpredictor

Coinpredictor predicted that XRP will decrease with -10.3% around the start of July, placing the coin at a trading value of $0.260668.

Gov.capital

Gov.capital‘s XRP price prediction for July 1st is that Ripple will have a trading price of $0.160, with a maximum price of $0.184 and a minimum price of $0.136. The average price for the last day of the month was estimated at $0.113, with a maximum of $0.12995 and a minimum of $0.09605.

Calendar date Regular Least possible price Best possible price
2020 July
2020 July 01, Wednesday  0.160  0.136  0.184
2020 July 02, Thursday  0.163  0.13855  0.18745
2020 July 03, Friday  0.177  0.15045  0.20355
2020 July 04, Saturday  0.181  0.15385  0.20815
2020 July 05, Sunday  0.170  0.1445  0.1955
2020 July 06, Monday  0.170  0.1445  0.1955
2020 July 07, Tuesday  0.165  0.14025  0.18975
2020 July 08, Wednesday  0.166  0.1411  0.1909
2020 July 09, Thursday  0.167  0.14195  0.19205
2020 July 10, Friday  0.148  0.1258  0.1702
2020 July 11, Saturday  0.124  0.1054  0.1426
2020 July 12, Sunday  0.120  0.102  0.138
2020 July 13, Monday  0.126  0.1071  0.1449
2020 July 14, Tuesday  0.114  0.0969  0.1311
2020 July 15, Wednesday  0.110  0.0935  0.1265
2020 July 16, Thursday  0.1088  0.09248  0.12512
2020 July 17, Friday  0.116  0.0986  0.1334
2020 July 18, Saturday  0.139  0.11815  0.15985
2020 July 19, Sunday  0.128  0.1088  0.1472
2020 July 20, Monday  0.126  0.1071  0.1449
2020 July 21, Tuesday  0.125  0.10625  0.14375
2020 July 22, Wednesday  0.126  0.1071  0.1449
2020 July 23, Thursday  0.125  0.10625  0.14375
2020 July 24, Friday  0.123  0.10455  0.14145
2020 July 25, Saturday  0.128  0.1088  0.1472
2020 July 26, Sunday  0.123  0.10455  0.14145
2020 July 27, Monday  0.122  0.1037  0.1403
2020 July 28, Tuesday  0.116  0.0986  0.1334
2020 July 29, Wednesday  0.113  0.09605  0.12995
2020 July 30, Thursday  0.116  0.0986  0.1334
2020 July 31, Friday  0.113  0.09605  0.12995

Cryptorating

Cryptorating calculated that XRP will begin July with a price of $0.191582, marking an increase of 2.77%.

Cryptoground

Cryptoground’s XRP price prediction for July sees the coin trading at $0.2918, which marks a change of 57.93%.

30rates

30rates issued an XRP price prediction for every day of July (except weekends), with the minimum, maximum, and closing prices for every day.

Date Weekday Min Max Price
07/01 Wednesday $0.172 $0.198 $0.185
07/02 Thursday $0.173 $0.199 $0.186
07/03 Friday $0.173 $0.199 $0.186
07/06 Monday $0.175 $0.201 $0.188
07/07 Tuesday $0.173 $0.199 $0.186
07/08 Wednesday $0.172 $0.198 $0.185
07/09 Thursday $0.177 $0.203 $0.190
07/10 Friday $0.164 $0.188 $0.176
07/13 Monday $0.165 $0.189 $0.177
07/14 Tuesday $0.163 $0.187 $0.175
07/15 Wednesday $0.164 $0.188 $0.176
07/16 Thursday $0.164 $0.188 $0.176
07/17 Friday $0.165 $0.189 $0.177
07/20 Monday $0.164 $0.188 $0.176
07/21 Tuesday $0.164 $0.188 $0.176
07/22 Wednesday $0.165 $0.189 $0.177
07/23 Thursday $0.158 $0.182 $0.170
07/24 Friday $0.165 $0.189 $0.177
07/27 Monday $0.161 $0.185 $0.173
07/28 Tuesday $0.168 $0.194 $0.181

Ripple Price Prediction: Verdict

We have reached the end of our Ripple price prediction for July 2020. Can XRP reach $100? From the data we have collected so far in our article, it appears that XRP is expected to remain in a bearish state, but still around current trading levels. We hope that the information proves useful when you decide to create your own XRP trading strategies.

Featured image: BeInCrypto

 

source: https://coindoo.com/xrp-price-prediction-july/

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