If you ask a digital asset investor in the XRP rich list about the XRP price prediction 2019, he or she will boldly tell you that XRP has a bright future beyond 2019. The XRP price prediction 2019 is nothing compared to what is to come in the next few years. However, a digital asset investor who intends to benefit fully from the cryptocurrency space must learn to think long-term and not short-term. Yesterday, the top cryptocurrencies were mostly trading in red against the USD. Bitcoin, Ethereum and XRP among others were trading lower as part of a downward market correction. XRP was able to hold the crucial support at $0.3480 according to the XRP price analysis on NewsBTC.
XRP News – XRP Price Prediction 2019 – XRP Price Analysis Today
XRP was able to hold the crucial support at $0.3480. If the cryptocurrency had fallen below this support, it would have been at a higher risk of reaching lower lows. Some bearish lines appeared with resistance at $0.3595. The price of XRP has been trading within the $0.3400 and $0.3700 range for the last few trading sessions. If XRP is able to hit $0.3800, it would reach $0.4000 short-term.
XRP (XRP) Price Today – XRP / USD
Technical indicators for XRP show that the sellers have lost steam. The MACD of XRP is moving into the bullish territory slowly. The relative strength index is also becoming bullish. There are major supports at $0.3250, $0.3480, and $0.3510. The resistance levels are $0.3700, $0.3595, and $0.3600. The strongest resistance is at $0.3700. It is important that XRP breaks this resistance to ensure more gains upward short-term. This is what any digital asset investor in the XRP rich list needs to renew their hope in the XRP price prediction 2019.
The price of XRP is trading near the 23.6% Fibonacci retracement level from the last decline from $0.3696 to $0.3488 which happens to be near a short-term bearish trend line at $0.3520. The XRP price is also facing another bearish trend line near the 50% Fibonacci retracement level from the $0.3696 high to $0.3488 low. It must break these resistance levels to gain more against the USD.
XRP Price Prediction 2019 – XRP News Today – What Is The Price Of XRP Now?
At the time of writing, XRP was trading at $0.355657. This means that it is up by 1.07% against the USD and up by 0.63% against BTC. The trading volume over a 24 hour period is $1,076,569,277 and the market capitalization is $14,863,666,886. The entire market started trading in green this morning after trading in red for more than 24 hours. Before the end of trading today, it is crucial that XRP holds its ground above the resistance at $0.3600. If it is able to move above this level, it may gain more before the weekend and eventually cross $0.3700.
What do you think about the current XRP price action? Is this a good time to secure your place in the XRP rich list by buying XRP because of the positive XRP news and XRP price prediction 2019? Share your thoughts in the comment section.