The past week has been a very interesting one in the crypto space. The values of digital currencies were moving from one end to another, from the green to the red – back and forth. However, what’s more, interesting to know is that the massive gains amassed during the last crypto bull run are still in tacked. The crypto market has dipped a couple of times this week. Even at that, the losses were minor and digital currencies such as Bitcoin (BTC) and Ethereum are still trading in a safe zone.
XRP (XRP) Price Today – XRP / USD
So far, one of the most enticing digital currencies in the crypto space is XRP (XRP). Almost every digital asset investor and trader see XRP as a great investment option. Some even consider it as the best cryptocurrency 2019. Is XRP a security? The comforting XRP price prediction 2019, Alex Cobb XRP bullish sentiments, XRP rich list, and XRP community have been keeping the coin going. While some as still asking “is XRP a security,” others have refused to consider XRP security status. This is because they see it as one of the best cryptocurrency 2019.
XRP (XRP) Recent Price Action – XRP Weekly Trend
XRP price started this week on a very high key. The price of XRP at the beginning of this week was still reflecting the effect of the recent crypto bull run. Interestingly, XRP almost broke the short-term XRP price prediction 2019 of 40 cents. XRP price surged as high as 39 cents before the bears acted on it. The price XRP plunged lower and broke some crucial support levels.
XRP has been at the top of the news all through this week. The digital currency is gaining more attraction and every digital asset investor wants a share of it. Recently, there was a massive increase in the buying pressure of XRP, this shows that digital asset investors are accumulating the coin even after Money Tap blow.
XRP dominance is also on the rise, as more banks and financial institutions are now adopting the digital currency. XRP just recorded another great win after Bitstamp’s BitLicense. This development will increase the mass adoption of xRapid in the US. Another great news that the XRP community got this week is that Uphold XRP users can now carry out transactions for free on the platform. The Alex Cobb XRP bullish sentiments also came in when the digital currency needed more bullish traction. Alex Cobb XRP price prediction is one of the most bullish out there. Some digital asset investors and traders are holding to most of the realistic XRP price prediction 2019.
XRP Price Analysis – Is XRP the Best Cryptocurrency to Invest 2019
XRP price recently surged towards the 40 cents level before it plunged lower and tested its strong support level. The price of XRP declined below the 36 and 35 cents support level during the week. It even tested the 34 cents level before it went back into the green again. The value of XRP surged higher again and broke over the 37 cents resistance on Friday. The digital currency faced strong resistance at the 38 cents level and corrected lower.
At the moment, the digital currency is trading in the red after breaking several support levels. The value of XRP today is $0.3250 after a plunge of about two percent over the past twenty-four hours. The immediate resistance of the coin is at the 33 cents level. A break over this level will send the value of XRP toward the 35 and 36 cents level. On the downside, the value of XRP is currently supported at the $0.3150 level.
Brian Lubin is a Crypto News Reporter for Smartereum. He's well-known for his reports on the crypto markets.