XRP Gets Paired With Six Fiat Currencies On Sharia-Certified Exchange, Rain

Ever since Stellar and Litecoin started stealing the spotlight, most XRP news reports have been about the new XRP Price prediction 2019. People were eagerly looking for the XRP forecast for 2019 as rumors of an upcoming XRP bull run were overshadowed by XRP news about the death of Ripple and XRP. Amid these negative XRP news, Rain, Sharia-compliant cryptocurrency exchange, has listed the XRP token and paired it with six fiat currencies. This move may be what helped XRP cross above a minor hurdle it was facing. News like this typically influences in XRP price prediction 2019.

XRP Price Prediction 2019: XRP Gets Listed On Sharia-compliant Exchange, Rain

Rain recently added XRP to its platform. The Bahrain-based exchange initially listed only Bitcoin and Ethereum. Rain recently got certified by the Central Bank of Bahrain’s regulatory agency. At the time, news outlets reported:

“To add more legitimacy and gain the trust of its customers, Rain also announced that it has passed a Sharia compliance certification. The Sharia-compliance certification was completed by Shariyah Review Bureau (SRB). SRB is licensed by the Central Bank of Bahrain as a Sharia Advisory firm authorized to issue Sharia compliance certifications. SRB has reviewed Rain’s brokerage service and has determined that the sale, purchase and custodian activities of Rain comply with Sharia principles.”

According to the exchange, it hasn’t fully met the XRP certification requirements but it said that it would be based on the certification of BTC, LTC, and ETH. The token is now paired with six fiat currencies, United Arab Emirates, Kuwaiti Dinar, Omani Rial, Saudi Riyal, and Bahraini Dinar. Little by little, the Middle East is becoming a cryptocurrency friendly region.

XRP Price Forecast: XRP News Today

According to the XRP price prediction 2019 on NewsBtc, XRP has formed strong support at $0.3100. It gathered momentum and moved above the resistance at $0.3120 and $0.3140. As XRP price moved upward, it broke a key bearish trend line against the USD. Keep in mind that there is still strong resistance at $0.3200.

XRP (XRP) Price Today – XRP / USD

NamePrice24H %

The XRP price forecast for today is that if XRP moves above the $0.3200 resistance, it would enjoy a minor bullish surge against the USD. However, falling below the support levels at $0.3150 and $0.3140 may lead to a fresh bearish fall against the USD. The relative strength index is moving toward the 55 area while the hourly MACD is in the bearish zone. At the time of writing, XRP was trading at $0.318188. This shows that it is up by 0.87% against the USD but down by 0.19% against BTC. The trading volume over a 24 hour period is $790,771,744 while the market capitalization is $13,257,643,383. The key support is at $0.3100 while the key resistance is at $0.3200. The next few hours of trading will determine if the price action will change.

What do you think about the listing of XRP on a Sharia-compliant exchange? Will listing like this affect the long-term XRP price? Share your thoughts about XRP price prediction 2019.

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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