XRP Price Gathers Momentum But The Upside Move Is Slow Giving Investors The Perfect Opportunity To Accumulate

XRP price is consolidating against the USD after trading in red for days. The third largest cryptocurrency per market capitalization has been stuck in an accumulation phase for a long time now. If you’re a digital asset investor on the XRP rich list, you must have been eagerly waiting for the bears to run out of steam and for the price of XRP to breakout of the descending trendline. Unfortunately, this hasn’t happened yet. XRP lost the support at $0.32, $0.30 and $0.29 during the last few trading sessions. This morning, the price of XRP was able to recover above the $0.30 support and was trading at $0.371. Unfortunately, the bears pulled the price lower against the USD. What hope is there for XRP? Is the XRP price prediction 2019 going to change because of the current state in the market?

XRP Price Prediction 2019 – XRP Prediction 2019 – XRP News Today

Within the day, the price of XRP is down by more than 0.50%. The technical indicators show that there is a high possibility that XRP will maintain a sideways trend short-term. A triangle pattern has been formed on the price chart and it is closing at $0.2990. At the time of writing, the price of XRP was $0.295900. This means that it is up by 0.35% against the USD and up by 0.83% against the price of BTC. The trading volume over a 24 hour period is $904,580,552 and the market capitalization is $12,429,274,997.

Even if the price of XRP is below $0.30, the XRP technical analysis on Coingape suggests that the price of XRP is going to surge above $0.3000 soon. The short-term outlook for the price of XRP is bullish just like the XRP prediction 2019. As soon as the price of XRP reaches the support at $0.2800, it is expected to surge higher against the USD.

XRP Price Prediction 2019 – XRP Prediction 2019 – XRP Technical Analysis

The short-term technical indicators show that the price of XRP will face resistance at $0.3145 which happens to be around the 100 simple moving average. It would also face resistance at $0.3256 which is at the 50 simple moving average. Since the 100 simple moving average is shorter than the 50 simple moving average, the bulls still a have an edge in the market. The bullish momentum is building up and the price of XRP will most likely test the $0.3060 before reaching the immediate resistance at $0.3100.

XRP (XRP) Price Today – XRP / USD

#NamePrice24H %
3
ripple
XRP(XRP)
$0.231
2.77%

The relative strength index is almost at level 50 which indicates that the bulls are gaining more control in the market. It initially rejected the 50 level but is heading there again now. Short-term, the bulls are targeting $0.32. You’ll recall that this level acted as support for a long time before it finally turned resistance.

What do you think about the XRP prediction 2019 in our XRP news today? Will the price of XRP move higher or lower short-term? Share your thoughts in the comment section below.

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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