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. But then the cryptocurrency had fallen below this support. Some bearish lines appeared with resistance at $0.3595. The price of XRP has been trading within the $0.3300 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
| Name | Price | 24H % |
|---|---|---|
 | $0.00 | -0.80% |
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 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
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 $0.3480. If it is able to move above this level, it may gain more before the weekend and eventually cross $0.3700.
XRP Long Term Prediction
According to the cryptonewsz; the volatility of the cryptocurrency will affect future price estimation immensely. However, Crypto analysts have forecasts the values of the cryptocurrency to increase between 0.55-0.66 USD by the end of 2019. Further increase in the price by 1780.96% is expected by the end of 2020, with the price reaching around 6.5-7.5 USD. By the end of 2024, the price of XRP is likely to reach around 2.1000 USD further
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. But any of them can’t tell you why is crypto down today. We all see the future of Ripple’s XRP and cryptocurrency market in 2019.
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Carolyn Coley is a blockchain reporter. She joined Smartereum after graduating from UC Berkeley in 2018.
