The price of XRP has been stuck in a descending trendline for weeks now. Even when Bitcoin recovered against the USD and surged above the $5600, XRP was hovering above the support at $0.32. Considering the fact that they have been so many positive XRP price predictions 2019, it’s only natural for the members of the XRP rich list to be worried about the current price of XRP. The XRP news for the past few days have been mainly about the price of XRP and what the future holds for members of the XRP rich list. Some members of the XRP rich list are still bullish about the XRP price prediction 2019. As a digital asset investor, it’s normal for you to put faith in your asset, however, XRP isn’t giving its investors reasons to keep believing in it.
XRP Rich List – XRP News Today – XRP Today – XRP Price Prediction 2019 – Downward Trend Continues
Two days ago, our XRP price analysis was about how a digital asset investor on the XRP rich list predicted that XRP will hit $300 after it bottomed out soon. Many others in the XRP community supported this XRP price prediction 2019. One member said that XRP will hit $10 before the end of the week. Today is Thursday and the XRP technical analysis on NewsBtc suggests that the price of XRP will most likely fall lower than $0.30 before the end of trading today.
In the early hours of trading yesterday, the price of XRP was hovering above the resistance at $0.3300. Suddenly, the bears struck and the price of XRP feel below this resistance. XRP lost the support at $0.3250 and $0.3220. It went as low as $0.3175 before it started correcting higher and moved above $0.3200. When the price of XRP didn’t fall below the 50% Fibonacci retracement level from the last $0.3288 to $0.3175 drop, analysts predicted that an upside rise is imminent. This morning, however, XRP lost this support, fell below $0.30 and is still falling lower against the USD. Within a 24 hour period, the price of XRP is down by more than 10%. It moved as low as $0.2904 and almost broke the support at $0.2900 before it started moving higher against the USD.
XRP (XRP) Price Today – XRP / USD
A major bearish trendline was formed with strong resistance at $0.3060. It is important that the price of XRP moves above this resistance near-term to avoid further loses against the USD. Currently, the relative strength index of XRP is below level 40 while the MACD is in the bearish territory. There is support at $0.2900 and resistance at $0.3060.
XRP News Today – XRP Price Prediction 20119 – Current Price Of XRP
At the time of writing, XRP was still on a downtrend at $0.300045. This means that it is down by 6.23% against the USD and down by 3.21% against the price of BTC which is also red against the USD. The trading volume over a 24 hour period is $1,502,627,775 and the market capitalization is $12,603,365,504. Before the end of today’s trading, the price of XRP will most likely rise higher but this would be followed by a fall below the $0.3000 support.
What do you think about the XRP news today? Is there any hope for the price of XRP? Will the XRP price prediction 2019 improve? Share your thoughts in the comment section.