XRP Now Trading Near a Key Inflection Point as Crypto Bulls Begin to Arrive

The XRP price is now trading in a range against the USD and Bitcoin (BTC). The XRP price appears to be preparing for its next move which will be towards the $0.3700 price position and the $0.3740 area or even below $0.3480 which is a significant support position for the digital asset. XRP news today shows crypto bulls are arriving. This is the case even for Bitcoin, Ethereum and Bitcoin Cash. Let’s see an analysis of XRP price prediction 2019 for today.

XRP (XRP) Price Today – XRP / USD

Name Price24H (%)
XRP (XRP)
$0.465336
-1.44%

XRP Price Prediction 2019: XRP Moved Beyond $0.3500 Against the USD to Break the $0.3650 Resistance Position

The XRP price recently, we saw an upward movement that took it above the $0.3500 price region against the USD. It is essential to indicate that the XRP/USD pair went on to break the $0.3650 resistance position. It also broke the 100-hour SMA. The XRP price eventually climbed towards $0.3800 but struggled to hold the gains above $0.3740 which is a resistance position.

Later on, the pair made a couple of attempts to move above the $0.3740 resistance position, although buyers didn’t manage to gain traction. As a result of this situation, a downside correction below the $0.3600 position occurred and the XRP price started to trade in a range.

XRP Price Prediction 2019: XRP/USD Pair Trading Close to $0.3550

The XRP price broke the 50% Fibonacci retracement position from $0.3256 to $0.3790. The $0.3480 position also acted as a strong support area for the digital asset. It helped to prevent declines. There was no break beneath the 61.8% Fibonacci retracement position from $0.3256 to $0.3790. We can also see that there is a significant bullish pattern forming with a support position near the $0.3510 area via the hourly chart of XRP/USD. The XRP/USD pair is now trading near $0.3550 as well as below the 100-hour SMA.

In the current pattern, there are two scenarios that can play out, with the pivot region at $0.3480. XRP price could then bounce back before revisiting the $0.3700 resistance position. A convincing shift above the $0.3740 position which is a resistance level may clear the way for more XRP gains. Alternatively, there may be a downside break beneath this pattern and the $0.3480 support area. If this bearish case plays out, the XRP price will likely revisit $0.3250 which is also a support area.

XRP News Today: Crypto Bulls are Entering the XRP Space

When you look at the chart, you’ll find that the XRP price is trading in a range just beyond the $0.3480 position. It might eventually continue to consolidate at that position before the next key break occurs. The break could be either above $0.3740 or near $0.3250. In the event that there’s a downside break, XRP’s price could turn bearish in the short term near $0.3250 and $0.3160.

In other XRP news today, payments platform Xendpay has revealed that it is now using XRP to facilitate payments between Thailand and the UK. Xendpay is a sister company of RationalFX. RationalFX recently announced that it is also using Ripple’s cross-border payments technology to facilitate remittances between Malaysia and Europe. To date, both payments platforms are using Ripple’s xCurrent (although they haven’t revealed whether they will be using Ripple’s XRP-powered xRapid.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.