Last week, the XRP news was mainly about the XRP SEC situation. There were some reports that the SEC was making plans to answer the ultimate question that every digital asset investor wants an answer to; is XRP a security? Following the XRP news, there was a little panic in the market as digital asset investors who hoped to be part of the XRP rich list started selling off their XRP tokens. This caused a shift in the XRP price prediction 2019. Short-term, the price of XRP moved downward against the USD leading traders to ask; is XRP dead? Today, things are looking up. The price of XRP is now moving higher against the USD.
XRP Price Prediction 2019: XRP News Today
In today’s XRP news, the XRP SEC security status isn’t in play. In fact, XRP has recently been listed on a cryptocurrency exchange along with Bitcoin, Ethereum and some other tokens. This may be part of the reasons why XRP is currently trading in green. According to the announcement on AMBCrypto.com, XRP has been listed on Taotao, a Yahoo-backed Japanese exchange. The exchange, which is set to launch in May, also listed BTC, ETH, BCH, and LTC. All the cryptocurrencies except ETH will be available for margin trading as well.
XRP has been able to land a lot of exchange listings in recent time. The most significant of them is the Coinbase listing. For a long time, Coinbase refrained from listing XRP because of they couldn’t get an answer to the question in every digital investor’s mind; is XRP a security? Even if the XRP security status hasn’t been clarified by the SEC yet, Coinbase proceeded to list XRP. Rather than ease the minds of traders, the XRP Coinbase listing only raised more questions about XRP and its parent company, Ripple.
XRP Price Prediction 2019: XRP Recovers Against The USD In XRP News Today
This week, XRP struggled to cross a bearish trendline around the $0.310 level. It managed to move as high as $0.3080 before the sellers showed up and pulled the price down to the $0.3000 level. However, the outlook was bullish so it wasn’t a surprise when the price started surging higher today. At the time of writing, the XRP price prediction 2019 placed the current price at $0.309560. This shows that it is up by 2.43% against the USD and 0.04% against BTC. The 24 hour trading volume is $819,182,281 and the market capitalization is $12,910,667,080 according to CoinMarketcap.com.
XRP (XRP) Price Today – XRP / USD
If the price of XRP starts a downward reversal short-term, it will go back to the $0.3030 level. Losing this support will lead the price of XRP lower to the $0.3010 level according to the XRP price prediction 2019 on NewsBtc. The relative strength index is currently in the bullish zone just like the MACD.
If you want to join the XRP rich list, it’s time to stop asking if XRP is a security and start accumulating the token. A Bitcoin bull is imminent and it is expected to carry XRP and the entire cryptocurrency market along.
What do you think about the XRP news and XRP price prediction today? Will XRP recover? 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.