The price of XRP has been crawling for some time now as it remains stuck in a descending triangle. In our previous XRP price prediction 2019, we said that there is a chance that the price of XRP will fall by another 50% before a breakout will occur. The current trend on CoinMarketCapital capital supports this XRP price prediction. Right now, the price of XRP is so discouraging that digital asset investors on the XRP rich list are beginning to wonder if XRP is a good investment or not. Digital asset investors are searching for answers to questions like; why is XRP not surging, is XRP a good investment, will XRP rise again, what is the highest price of XRP and why is the XRP price prediction 2019 not being influenced by its developmental progress short-term?
XRP Price Prediction 2019 – XRP Digital Asset Investor – XRP Price Analysis
According to the XRP price analysis on NewsBtc, the price of XRP, the third largest cryptocurrency in the market, is being outperformed by BTC and many other cryptocurrencies on CoinMarketCap. It has found support at the $0.30 level but it may lose this support soon if the downtrend continues. This is rather discouraging considering the fact that Ripple has successfully dominated Asia per adoption. Standard Chartered recently announced that they would be expanding their Ripple-powered services to the Asian market due to a growing demand within the region. Ripple also recently announced that it is launching an xRapid payment corridor between Mexico and the Philippines. Good XRP news like these are meant to support a spike in the price of the token but XRP has been unable to gather bullish pressure.
At the time of writing, the price of XRP was $0.333388. This means that it is up by 3.93% against the USD and up by 0.89%. It only started gaining some bullish momentum about an hour ago. When Bitcoin was well above the $5200 level, XRP was hardly above $0.32. Bitcoin is currently trading at $5,234.12. This means that it is up by 3.06%. The trading volume over a 24 hour period is $12,633,497,032 and the market capitalization is $92,383,665,343.
XRP Price Prediction 2019 – Is XRP A Good Investment? Why Is XRP Price Not Meeting Up With Its Development
At the end of trading yesterday, the price of XRP was down by 1.6% against the USD. It’s true that the entire market faced bearish pressure yesterday but the technical analysis of XRP show that it is still going to keep falling as long as it hasn’t crossed the resistances at $0.38. Even before it gets to $0.38, moving above $0.34 will be comforting to any digital asset investor on the XRP rich list.
If, on the other hand, the price of XRP falls below the support at $0.30, traders should expect more losses against the USD near-term. The next key support levels will be at $0.25 and $0.15. This would present the perfect buying opportunity as it would be followed by a significant surge in the price of XRP.
What do you think about the XRP price prediction 2019 in the XRP news today? Is XRP is a good investment? Share your thoughts in the comment section.
Max writes about blockchain projects and regulation with a special focus on United States and China. He joined Smarterum after years of writing for various media outlets.
