XRP news today isn’t about the XRP SEC saga or any other negative happening in the XRP community. It’s about how the members of the XRP rich list have been celebrating over the last 48 hours thanks to the Bitcoin bull run. The XRP price prediction 2019 was positive as the price of XRP was trading in green long before the price of Bitcoin started trading in green in the Bitcoin bull run. However, the Bitcoin bull run stole the headlines with everyone talking about how the price of BTC was soaring. BTC took the credit but the price of XRP started rising long before the price of BTC. Yesterday, the price of XRP touched the resistance at $0.3750 but started declining against the USD according to the XRP price analysis on NewsBtc.
XRP News Today – XRP Price Prediction 2019 – XRP Hits 0.3750 And Falls Lower But A Breakout Is Imminent
Yesterday, during the cryptocurrency bull rally, the price of XRP surged higher until it tested the resistance at $0.3750. The sellers showed up at this point and put pressure on the price of XRP. XRP fell to the support at $0.3480 and was approaching $0.3280 before the buyers took control and held the support. The XRP price prediction 2019 is bullish. However, it is important that the price of XRP holds above the support at $0.3300 to maintain its recent gains against the USD.
XRP (XRP) Price Today – XRP / USD
The 100 hourly simple moving average shows that even if the XRP price is currently correcting lower, it is going to bounce back soon and the next targets will be $0.4000 and eventually $0.5000. At the time of writing, XRP was trading at $0.343853. This shows that it is down by 1.76% against the USD and down by 3.23% against BTC per CoinMarketcap.com. There is strong bullish pressure above $0.3480. If it is able to gather enough momentum to cross this resistance, the XRP bull rally will resume.
The relative strength index is currently in the bearish territory below 50 while the MACD on the hourly chart is also moving into the bearish zone. The cryptocurrency is currently overbought but this doesn’t mean the price of XRP isn’t going to improve short-term or surge higher long-term.
XRP News Today – XRP Price Prediction 2019: What Does The Future Hold For XRP?
Members of the Bitcoin community don’t want to admit it but the 48-hour long bull run was fueled by altcoins including XRP. As stated earlier, XRP was the first of the top three largest cryptocurrencies to start surging higher two days ago before Bitcoin followed its lead. This shows that XRP has strength as a cryptocurrency irrespective of the XRP SEC saga or the negative press members of the XRP rich list have been receiving since inception.
Another reason why we say that the future of XRP is bright is the creation of the xRapid protocol. Ripple’s xRapid protocol is now referred to as the future of cross-border money transfer. It uses XRP as liquidity. So, if xRapid continues to gain mass adoption, so would XRP. Eventually, this will reflect on the price and market capitalization of the XRP token.
What do you think about the XRP price prediction 2019 in today’s XRP news? Is the future of XRP bright? Will XRP reach $0.5000 short term? Share your thoughts in the comment section.