When Will XRP Leave Its Tight Trading Zone And Start A Crypto Bull Run?

XRP (XRP) is one of the most successful and widely adopted digital currency in the crypto space. The digital currency has seen a great level of progress over the past year. Its parent firm, Ripple Inc., has secured a lot of beneficial partnerships, resulting in an increase in the adoption of XRP. The price of XRP has also been impacted by the recent actions of Ripple. XRP price prediction 2019 is also bullish enough to attract more digital asset investors to the coin. The bullish XRP price forecast and XRP news have made some digital asset investors consider as the best cryptocurrency to invest in 2019.

SBI Holdings Is Optimistic about XRP – Will the Price of XRP Recover in the Short-Term?

SBI Holdings – one of the biggest partners of Ripple Inc. – is optimistic about XRP (XRP). The firm strongly believes that the digital currency will be very successful and widely adopted asset for cross-border payments and remittance. They believe XRP might become a leader in the digital currency industry, considering it is already the best cryptocurrency to invest in. SBI released its 2018 Fiscal Year report last Friday. In the report, the firm unveiled a financial overview of its cryptocurrency ecosystem. It includes an initiative with Ripple to create a world remittance platform based on the blockchain as well as Proof of Work mining activities.

The fundamental element to the strategy of Ripple is its baking and business partnerships. According to the Director of Business Development, the partnerships of Ripple with other firms, such as R3 and SBI, provide a very strong competitive edge over its competitors such as Stellar Lumens (XLM). The first digital currency to become compatible with the Corda platform of R3 is XRP. The Corda platform of R3 is a network that connects banks to carry out an effortless and fast transfer of value and data. The platform lets banks carry out cross-border transfers without going through SWIFT or central banks.

Ripple has secured a lot of partnership over the past year that helped to increase the relevance of XRP in the crypto space. The price of XRP has been boosted significantly due to the bullish XRP news and the developments around the coin. However, XRP USD price seems to be in the red right now. The digital currency is down, and it needs more bullish traction to break out of its current state. What is XRP price prediction 2019? Will the price of XRP break out in the short-term?

XRP Price Analysis – XRP Price Prediction 2019 – XRP Price Forecast – XRP USD live Price

The price of XRP recently dipped towards the 27 cents level. XRP USD live price formed a low close to the $0.279 before it started correcting higher against the USD. The price of the XRP surged higher and broke over the $0.0280 and $0.0290 resistance levels. At the moment, the digital currency is hovering around the 30 cents level, but it is still down in the red. The immediate support of the coin is at the $0.2950 level. On the upside, XRP USD price is facing resistance at the $0.3150 level.

XRP (XRP) Price Today – XRP / USD

NamePrice24H %
ripple
XRP(XRP)
$0.565
-13.99%

At the time of writing, XRP USD price today is $0.3080 after a decrease of about two percent over the past day. The current market cap of the digital currency is $12.32 billion. The trading volume of the digital currency over the past day is $958.64 million.

Brian Lubin is a Crypto News Reporter for Smartereum. He's well-known for his reports on the crypto markets.

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