XRP (XRP) Is Soaring Higher Against The Price Of BTC In Today’s XRP Price Analysis

The price of XRP today is trending higher against the price of BTC. Considering the fact that the XRP price prediction 2019 has placed XRP on rocky grounds, it’s safe to say that things are finally looking up. Ripple news has been rather controversial over the last few months. You see in February, news broke that the most popular cryptocurrency exchange in the United States, Coinbase has added the XRP token after months of hesitation. The XRP price had a minor surge thanks to the Coinbase effect. However, many in the cryptocurrency community claimed that Ripple bribed Coinbase to add the XRP token. As expected, Ripple and Coinbase denied the rumors but the damage ran deep.

XRP Price Prediction 2019: Price Of XRP Today

Following the Ripple scandal, the price of XRP has been trying to regain its balance.

In today’s XRP price analysis, the price of the token is soaring higher against the price of Bitcoin. It managed to hold firmly against the 0.0000808BTC support. In fact, if XRP is able to move above the 0.0000820BTC level soon, it will be positioned for a significant bull run against BTC. Over the last few trading sessions, most cryptocurrencies have been on a sideways trend against the USD. While the XRP to BTC trading pair is also trending sideways, it has stayed above a rather significant support level at 0.0000808BTC.

XRP (XRP) Price Today – XRP / USD

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The current XRP Price action shows that the price of XRP went as low as 0.0000792BTC before it started consolidating its losses against the BTC at the support levels at 0.0000795BTC and 0.0000800BTC. The price moved to the 0.0000808BTC before it started declining against the USD. It ended up settling below the 100 level SMA. The XRP price prediction 2019 placed the price of XRP at 0.0000800BTC. This also happened to be the 23.6% fib retracement level of the last move from 0.0000831BTC high to 0.0000792BTC low.

XRP Price Now

While the price of XRP is soaring higher against the price of BTC, there is still a strong resistance at 0.0000808BTC. Moving above this trend line, you’ll find the 50% fib retracement level of the last fall from 0.0000831BTC to 0.0000792BTC. It is near the 100 level SMA at 0.0000801BTC. This means that if the price of XRP is able to break the resistances at 0.0000810BTC and 0.0000820BTC, it will move higher toward 0.0000820BTC and subsequently 0.0000840BTC. The main support right now is at 0.0000792BTC. It is important that XRP holds above this level to avoid more losses short-term.

At the time of writing, XRP was trading at $0.309416. This means that it is down by 0.40% against the USD. Against BTC, XRP is up by 0.16% trading at 0.00007946BTC. The 24 hour trading volume is $547,378,471 and the market capitalization is $12,819,764,490.

What’s your opinion about the XRP price prediction 2019? Do you think the price of XRP will surge higher against the price of BTC? Share your thoughts in the comment section.

Max writes about blockchain projects and regulation with a special focus on United States and China. He joined Smarterum after years of writing for various media outlets.


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