Almost every trader on the XRP rich list is currently wondering why the price of XRP is falling significantly against the USD and if the current price of XRP will affect the XRP price prediction 2019. Well, it is important to note that almost every cryptocurrency in the market is currently trading in red as part of a market-wide price correction. However, as reported in our previous XRP news, the price of XRP has been having difficulty gaining against the USD. It is struggling to hold the support at $0.32 against the USD and is also down against the price of BTC. XRP wasn’t even part of the recent bull rally that took the price of BTC above $5300. However, it is going through the downside correction. Why is XRP trading in red? Will the current price of XRP affect the XRP price prediction 2019?
XRP News Today – XRP Price Prediction 2019 – XRP Ripple News Today – XRP Price And The Cryptocurrency Market
XRP news is having little or no effect on the price of XRP. Instead of being positively influenced by all the good XRP news that have been making headlines over the last few months, the price of XRP has been stuck in a descending trend line. Normally, the rise in the value of Bitcoin is followed by a corresponding rise in the value of other cryptocurrencies including XRP. However, last November, XRP and some other cryptocurrencies gained a little independence from Bitcoin.
The Bitcoin price action did little or nothing to contribute to the price of XRP. Breaking the trend seemed like a good thing at the time because the price of XRP was in trading in green while other cryptocurrencies were in red. However, now, more than ever, XRP may need to rekindle its relationship with Bitcoin. So, when the next Bitcoin bull run starts, the price of XRP will rise along with the rest of the market. This would help since the XRP development isn’t doing much to support the price.
XRP News Today – XRP Price Prediction 2019 – XRP Current Price And The XRP Community
At the time of writing, the price of XRP was $0.321001. This means that it is down by 2.75% against the USD and down by 1.88% against the price of BTC. The trading volume over a 24 hour period is $1,066,730,898 and the market capitalization is $13,472,668,688. After holding the $0.33 support for up to 48 days, the price of XRP has been sliding lower towards the $0.32 support level.
It’s important to note that the current XRP price action is in line with one of our XRP price predictions that placed the price of XRP lower by another 50%. The XRP Army is waiting for the price of XRP to hit bottom so that they can buy and hodl ahead of the next bull run. In fact, some of them consider this fall in price as a good thing. This is because they have faith in the technology.
What do you think about the XRP price prediction 2019 in the XRP news today? Is a bullish break going to happen after it bottoms out? Share your thoughts in the comment section below.