XRP price prediction 2019 has suddenly moved from being bullish to being overwhelmingly bearish. The price of XRP has been struggling to gain ground against the USD for a while now. The bear grip was so strong that the price of XRP fell below the important $0.30 support and all the way to the $0.29 area. However, this isn’t the worst part, the latest XRP price prediction 2019 is that the price of XRP is going to fall even lower against the USD until it hits $0.15 and may even move as low as $0.5. The technical indicators have now revealed that the price of XRP is certainly going to move lower short-term. However, what happens after this is still unclear.
XRP Price Prediction 2019 – XRP Prediction 2019 – XRP News Today – Lower Lows For XRP Coming Soon
Even when the price of XRP started falling against the USD, investors where confident that everything would be okay as long as it remained above the support at $0.30. By breaking this support, many investors started losing hope in the XRP price prediction 2019 as reported in our previous XRP news. Some cryptocurrency analysts have even predicted that the price of XRP will eventually hit $0.00. However, some have said that the price of XRP will be near zero but it will have a little value left at $0.05.
There have been contradicting opinions about why the price of XRP is falling against the USD and against the price of Bitcoin. You see Ripple intends to disrupt the current financial system using XRP, xRapid, xCurrent and other decentralized systems. However, this would mean that the government and financial institutions surrender their power to the people. The world isn’t ready for such a change yet. Rather than use Ripple’s technology, banks have been encouraged by the World Bank to modernize their system and look for ways to use decentralized ledger technology without giving up their power over funds. So, basically, banks like JPMorgan and Chase are looking for centralized ways to use decentralized technology.
XRP (XRP) Price Today – XRP / USD
The announcement about the JPM coin increased the pressure on Ripple, xRapid and XRP. This was shortly followed by an announcement that IBM would be using the Stellar blockchain to help other banks build an internal settlement system just like XRP. Even if Brad Garlinghouse and other members of the XRP army believe that the JPMorgan Coin is not a threat, the technical indicators don’t agree. While an increase in competition is contributing to the drop in the price of XRP, inflation, and lack of transparency are also dragging XRP back from reaching its full potential.
XRP Price Prediction 2019 – XRP Current Price – XRP News Today – What’s Next For XRP?
At the time of writing, the price of XRP was $0.293950. It is down by 1.62% against the USD and down by 0.82% against the price of Bitcoin. The trading volume over a 24 hour period is $910,355,900 and the market capitalization is $12,347,348,144. The price of XRP may either continue falling until it gets to $0.05 or it will breakout of the $0.30 support and keep moving until it gets to the $0.50 level.
What do you think about the XRP price prediction 2019 on our XRP news today. Will the price of XRP breakout or fall lower against the USD? Share your thoughts in the comment section below.