It has become a norm for the cryptocurrency community that wherever the leading digital asset Bitcoin (BTC) goes, the remaining altcoins follow. Trade began today with the entire market dropping in price. The only exception was XRP. The number three digital asset by market cap which has been the subject of a securities/currency debate (is XRP a security?), recorded a 4.41% price increase. While other altcoins fell into the red zone, XRP managed to maintain a bit of its bullish momentum as CoinMarketCap data indicates.
XRP (XRP) Price Today – XRP / USD
XRP Price Prediction 2019: Digital Asset Class Defies the Bearish Pattern
As of the time this report was published, the third largest digital token by market cap is trading at $0.35. This means it is almost matching its recent peak of $0.36 months ago
Per reports from CoinMarketCap, the Bitcoin (BTC) price suddenly increased by 20% on Apr. 2. This trend allowed the Bitcoin price to break above $5,000 which is a highly crucial resistance level. Unfortunately even after crypto bulls expressed delight and hoped this trend continues, the rally wasn’t sustained. Bitcoin dropped today and is currently trading at $4,950. After the short-lived recent Bitcoin bull run that made the price of the leading cryptocurrencies skyrocket, the market appears to have taken a breather. Today all major cryptos have dropped. Notably, popular tokens like Ethereum (ETH) dropped by as much as 7% after Bitcoin (BTC) began trading down by 4%.
XRP Price Prediction 2019: Analysts Agree That There’s Still Hope for the Market
It has to be said that today’s news may have come depressing for some investors and crypto bulls alike. However, there’s still hope. At least that’s what experts generally agree on. Per the report, despite today’s price drop, Smartereum understands that analysts generally agree that the crypto markets haven’t lost all their momentum. At least not yet. The general consensus is that investors should still expect further price gains in the coming days or weeks.
Other altcoins reportedly witnessed more brutal dips in prices. One case here is Bitcoin Cash (BCH). The favorite coin of digital asset investor, Roger Ver, dropped by 12% following its astronomical price increase since Monday.
There isn’t any clear indication of what is pumping XRP’s price. XRP became the crypto market forerunner on Sept. 21 after its price registered a 75% spike, allowing XRP to surpass Ethereum (ETH). At the time, XRP peaked at $0.783 which is still very far from its ATH of $3.70 in January 2018.
Ether Drops by 7%, But Still Up Over a Weekly Period
As of the time this report was published, Ethereum (ETH) was trading down 7.4%. Its current price is just below $160. Over the week, Ethereum surged from $140 to $178, before hitting its current price position.
Although Ethereum (ETH) has dropped today, it is understood that analysts expect it to surge higher soon, as crypto markets have managed to maintain a huge sum of their recent gains, meaning the upwards momentum might actually continue in coming days.
Going by XRP prediction 2019, this is good news. The coin is supported by a closely-knit community and it has been pushing for more adoption through its parent company, Ripple. If the trend continues, XRP will be a force to reckon with in a short while.
Brian Lubin is a Crypto News Reporter for Smartereum. He's well-known for his reports on the crypto markets.