XRP Price May Fall as Low As $0.30 Before Recovering Against The USD

XRP (XRP) is one digital currency that has refused to slow down when it comes to increased adoption and usability. The use case of the digital currency is on the rise and more firms across the globe are starting to adopt the digital money. It has also attracted a lot of digital asset investors. Almost every digital asset investor sees XRP as a great investment option, making it one of the best cryptocurrency to invest in 2019. The bullish sentiments around the coin have also been a great boost to the price of XRP. The bullish XRP price prediction 2019 and other recent trends have attracted many digital asset investors to the coin.

XRP is live on Uquid

Members of the XRP community can now enjoy XRP payments for their mobile data plans on Uquid. This system is available in about 11 countries with more to join soon. The platform supports other cryptos and allows users to spend digital currencies on pharmacy vouchers, grocery store, train tickets and bus tickets among others. Moves like this will encourage mass adoption and this would impact XRP price positively.

XRP Price Prediction 2019 – XRP Price Analysis

The price of XRP recently plunged against Bitcoin (BTC) and the USD after it failed to gain enough bullish traction. XRP price plunged below the $0.3220 mark. The digital currency might continue to plunge towards the 30 cents level before completing a correction.

Yesterday, there was a strong buying interest over the 32 cents level and the price of XRP surged over the $0.3280 level. The value of XRP also surged over the $0.3350 level but encountered a stiff hurdle at the $0.3370 level. XRP price struggled to stay over the $0.3350 level and the 100-hour SMA. On failing to surge higher, the value of XRP declined below the $0.3250 mark. The digital currency even plunged and broke the 32 cents support level.

At the moment, XRP is trading in the red with its price roaming around the 32 cents level. XRP price broke the 23.6 percent Fibonacci retracement level of the previous swing from the high of $0.3326 to the low of $0.3134. Nevertheless, the digital currency encountered a lot of hurdles on the upside. The immediate hurdles are at the $0.3220 and 0.3230 level.

XRP (XRP) Price Today – XRP / USD

Name Price24H (%)
XRP (XRP)
$0.390891
-1.73%

The 50 percent Fibonacci retracement level of the previous swing from the high of $0.3326 to the low of $0.3134 is close to the $0.3230 level. Over that level, the next resistance is at the $0.3250 level. Another major resistance is also waiting for the coin at the $0.3285 level on the one-hour chart of the coin. Hence, the price of XRP will have a hard time surging higher in the short-term.

What is the price of XRP today?

XRP is being traded at $0.321283, at press time, according to Coin Market Cap. Last week, the bears were in full force and XRP saw huge losses. The digital currency has managed to recover its losses this week and seems bullish from the charts.

However, if the bulls fail to take the price of XRP over the 33 cents level, chances are it might start a fresh decline. The immediate support of the coin is at the $0.3130 level. The next support after that is the 31 cents level. Nevertheless, the major support of the coin is at the 30 cents level, where buyers are more likely to show up. If XRP fails to break over its major resistance level in the short-term, then it might plunge toward the 30 cents level before it can start a major upward correction again.

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