XRP price prediction 2019 has been bullish. However, the XRP prediction 2019 isn’t as good as members of the XRP rich list expected. During the April Bitcoin bull run, the price of XRP only gained a little against the USD. After it ended one cycle from April 2018 to September 2018, the prices gained and there came the start of another cycle according to the XRP price analysis on AMBCrypto. The analyst suggests that the price of XRP is going to rise long-term but a short-term fall may be unavoidable. With this new XRP price prediction, the price of XRP is expected to go as low as $0.14 before the end of 2019. Will this XRP news happen?
XRP News Today – XRP Price Prediction 2019 – Lower Lows Ahead For XRP
Following the 2017/2018 cryptocurrency market bull run, the price of XRP fell from its all-time high and kept falling until it lost 60% of its value. This was when the bulls showed up and XRP gained by 185% within a 10-day period. The first time, the cycle was progressive. It kept moving until the price of XRP formed falling wedge patterns. The analyst suggests that these five steps in a cycle ended with a bigger falling wedge that eventually broke out to the top.
He said that the new cycle is just like the first one and is going to go through four or five steps in a falling wedge pattern. The price typically drops by 18% and then rises by 22% either immediately or within some days. This would be followed by the final drop and then a 100% rise in the price of XRP. The XRP prediction 2019 in this case is going to place the price of XRP at 0.0001042 BTC indicating a 100% rise in price. The technical indicators also showed that the price of XRP is still going to fall lower before or goes up. There has been a significant resistance at $0.35 for a while now as the price keeps moving lower anytime it reaches that point.
XRP News Today – XRP Price Prediction 2019 – XRP Current Price
At the time of writing, XRP was trading at $0.325799. This shows that it is down by 0.09% against the USD and down by 0.36% against BTC. The trading volume over a 24 hour period is $732,544,301 and the market capitalization is $13,615,821,946. The analyst concluded that the relationship between XRP/BTC and XRP/USD is similar. Considering the previous cycle, if the XRP price prediction occurs, the price will move low as $0.1470 before May or by the end of May. By then, the relative strength index would have reached the oversold region and the sellers would have run out of steam. This would be followed by a rapid increase in price that would be beneficial to those in the XRP rich list.
XRP (XRP) Price Today – XRP / USD
The cryptocurrency industry is unpredictable long-term. So, even if all the technical indicators suggest that the price of XRP will continue on a downtrend, there is no guarantee that this would happen. All we have to do is wait and see.
What do you think about the XRP price prediction 2019 in the XRP news today? Share your thoughts in the comment section.