There has been a lot of hype surrounding XRP, xRapid, and other FinTech inventions by Ripple. xRapid is now a dominant tool for financial transactions in Asia and is gaining ground across Europe and North America. The xRapid protocol uses XRP as fuel. So, as xRapid started gaining adoption, members of the XRP rich list were excited about the prospects for XRP. The XRP technical analysis for months showed bullish signals in almost every XRP price prediction 2019. The XRP news, however, didn’t support the price of the token. Rather than increase due to the positive XRP news, it has remained stuck in a descending trendline for weeks. Some have even suggested that the current negative XRP price action is due to the competition caused by the release of the JPM Coin. The latest XRP technical analysis on U°Today suggests that the price of XRP may fall as low as $0.5.
XRP Price Analysis – XRP Price Prediction – XRP News Today – XRP Rich List May Shrink Soon
The XRP community is strong. This fact cannot be disputed. Members of the XRP rich list hold because they believe in the future of the technology. However, even the digital asset investor with the strongest level of faith can be discouraged by the current XRP price action. The asset keeps underperforming the market even if digital asset investors consider it as the cryptocurrency with the highest potential in the space. Everything became worst when the CTO of Ripple, David Schwartz sold his XRP holdings. Since then, there has been panic within the XRP Army on Twitter. One user said;
“Ripple CTO @JoelKatz recently selling his $XRP stack is the biggest warning sign one could ever get. This is the most bearish sign for $XRP I have ever witnessed since beginning of ’17.https://bithomp.com/explorer/r3gRpQRDdu7pzPhM9nDmXMgskbJ6vwTDbB. I recommend everyone to get OUT NOW.”
By selling off his stack, Schwartz created doubt in the minds of the XRP Army. It is a fishy move especially considering the current price action of XRP. On the other hand, there is a possibility that this was just a trick the company has employed to ignite market speculation. They may be trying to manipulate the price of XRP through massive sell-offs. After all, the XRP token is meant to favor institutional investors and not retail traders.
XRP Price Prediction 2019 – XRP News Today – Will XRP Fall As Low As $0.5?
While the current price of XRP isn’t encouraging, some other users on Twitter are certain that the sell-off will be followed by a major XRP bull run. One user suggested that the major holders on the XRP rich list sold their tokens to secretly tell the retailers that a bull run is coming. Another user suggested that the price of XRP will hit $0.5 first before any bull run will start. To put this into perspective, XRP is currently trading at $0.300820. It is down by 8.01% against the USD and down by 7.35% against the price of BTC. The trading volume over a 24 hour period.
XRP (XRP) Price Today – XRP / USD
The interest in XRP is growing while the XRP price continues to fall, what do you think is responsible for the sell-off? If you’re a digital asset investor who holds XRP, when would you sell-off your XRP holdings? What is your XRP Price Prediction 2019? Do you think the fall will be followed by a corresponding rise? Share your thoughts about the XRP news today in the comment section.