XRP Price Outperforms BTC And ETH After Struggling In A Descending Channel For Days, Next Target Is $0.48

ripple xrp price analysis

Our XRP news updates and XRP price prediction over the past few days were mainly about how the price of XRP was unable to gather enough momentum to surge higher even when the entire cryptocurrency market was trending higher. XRP was only able to record minimal gains after it almost lost the support at $0.32. If you’re a digital asset investor on the XRP rich list, then you may have become discouraged by the price action of the third largest cryptocurrency per market capitalization. In fact, our XRP price prediction 2019 was that the price of XRP will most likely fall by another 50% before the end of the year. This would be followed by a surge in price that would benefit every digital asset investor. Before the end of trading yesterday, however, the price of XRP started surging higher for the first time in many days. According to the XRP price analysis on NewsBtc, the next target may be $0.48.

XRP News Today – XRP Price Prediction 2019 – XRP Rich List, Digital Asset Investor And The XRP Price

The surge in the XRP price was encouraging to every digital asset investor on the XRP rich list. One analyst, following this surge in price, said that the next target for the price of XRP is $0.48 if the surge continues. At the time of writing, the XRP price was $0.337513. The means that it is up by 4.39% against the USD and up by 3.41% against the price of BTC. The trading volume over a 24 hour period is $1,339,272,265 and the market capitalization is $14,165,669,516. Bitcoin is trading at $5,275.63. This means that it is up by 0.76% against the USD. The trading volume over a 24 hour period is $12,969,402,889 and the market capitalization is $93,124,829,267. The XRP price is outperforming the price of BTC by 3.41%.

XRP (XRP) Price Today – XRP / USD

Name Price24H (%)
XRP (XRP)
$0.319438
-1.01%

Ethereum (ETH) is trading at $171.65. It is catching up with XRP up by 3.17% against the USD and 2.43% against the price of BTC. The trading volume over a 24 hour period is $6,303,732,507 and the market capitalization is still way above that of XRP at $18,144,652,780.

The last few days have been unkind to XRP but the surge yesterday proves that even if XRP is always late to the bull run, it surges higher eventually. In the beginning of April, the price of XRP was able to surge higher against the USD until it hit the resistance at $0.38 and started falling lower against the USD. XRP would have fallen significantly by up to 50% if it had fallen lower against the USD.

XRP News Today – XRP Price Prediction 2019 – XRP Army Express Joy Over Recent Price Surge

Members of the XRP rich list and the XRP Army have expressed their joy over the price surge. Since it didn’t not break below the support at $0.30, the chances of going lower short-term. A popular cryptocurrency trader called Cryptorangutang, before the XRP price surge. He said;

“I’ve seen people trying to buy $xrp’s bottom for a month now, but this is the first time imo it’s worth it. Steadily declining volume on that drop, important level, bullish divs. Either jump here or the drop will be brutal.”

After the surge, another member of the XRP rich list said;

“We should see a follow up to this move. $XRP resistance levels $0.38, $0.44, $0.50. Target of $0.48 remains as described on TradingView.”

What do you think about the XRP price prediction 2019 by the digital asset investors on the XRP rich list? Will the XRP news and other developments be enough to push the price of XRP above $0.48? Kindly 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.

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