XRP prediction 2019 is not as bullish as it used to be. Even if there is still a lot of positive XRP news, the XRP price prediction is not encouraging to members of the XRP rich list. If you’re a digital asset investor on the XRP rich list, you’re most likely among those who are worried about the current price of XRP and the future XRP price prediction 2019. The price of XRP has been falling significantly against the USD for a while now and it has lost many useful supports against the USD. Now, prominent XRP price analysts have said that XRP is at a crossroads and must take action now or never.
XRP Prediction 2019 – XRP Price Prediction 2019 – XRP Must Breakout Or Breakdown
While the price of XRP has been stagnant for a while now, it took a hit and moved below the support at $0.30 right after the news of Tether and Bitfinex being investigated for fraudulent activities broke out. It was revealed that the Attorney General’s office in New York has launched an investigation on Bitfinex and Tether. You’ll recall that Bitfinex and Tether have been controversial for a long time now. After the 2017/2018 Bitcoin bull rally there was a rumor that Bitfinex used Tether to manipulate the price of Bitcoin. There have been subsequent negative press surrounding both companies since then. Keep in mind that the price of XRP wasn’t the only one that fell because of this news. The entire market took a hit.
At the current price level, XRP has historically been known to hold a strong support. Right now, the cryptocurrency is oversold and is due for comeback soon according to Cryptomist, a popular cryptocurrency analyst who is also a member of the XRP Army. Taking to Twitter, the analyst said;
“$XRP We are upon the .786 fib region as Weekly RSI is overdue a bounce (beware of any traps). Daily RSI pennant, we should break upwards by 4th may towards larger RSI resistance (36). Break of this 36 RSI resistance should sustain ground if BTC behaves.”
XRP (XRP) Price Today – XRP / USD
The current price of XRP is at a crossroads or at a ‘Make or Break’ point. It is vital that the price of XRP remains above the current support levels to prevent further losses. Well-known analyst, Peter Brandt said that it’s ‘do or die time for XRP holders.’ Another analyst, Ryan W said that the price of XRP is at a crucial point and must stay above the $0.30. The bulls will need to surge above the level to prevent more losses against the USD near-term. In his words;
“$XRP weathered the storm better than I expected finding support at $0.28. Though the lack of buyer interest at this level is concerning. This will need a few days to play out as well. Bulls need to retake $0.30,” he said.
XRP News Today – XRP Prediction 2019 – XRP Technical Analysis – XRP Current Price
At the time of writing, the price of XRP was trading at $0.297833. It is up by 0.03% against the USD and down by 0.46% against the price of BTC. The trading volume over a 24 hour period is $729,886,707 and the market capitalization is $12,510,457,432. The next few trading sessions will determine if the price of XRP will go back above the important $0.30 level or continue to move lower against the USD.
What do you think about the XRP prediction 2019 in the XRP news today? Will XRP price make it or break it this coming week? 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.