XRP Price Soars Above $0.30 As Nasdaq Adds XRP Index On Its Global Data Service, Is There Hope For A Higher Recovery?

Members of the XRP rich list would do anything for a positive XRP news that would cause a spike in the price of the token. This is because, for many weeks now, the price of XRP has been stuck in a descending trendline moving below important supports against the USD and against the price of BTC. Even if there have been a number of positive XRP news, none of them have had a significant impact in the price of XRP and the XRP price prediction 2019 like the news about Nasdaq listing XRP index on its global data platform. Shortly after the announcement was made, the price of XRP went from red to green against the USD. Right now, it’s not clear how long the bullish pressure will last but it’s always good to celebrate the little wins.

XRP Price Prediction 2019 – XRP Price Forecast – XRP News Today – XRP Price Surges As XRP Index Gets Added To Nasdaq

Major stock exchange operator Nasdaq has decided to add XRP to its global index with the likes of BTC and ETH. This is according to the report on CoinDesk. The original announcement was made on Monday by Nasdaq. Listing XRP index will be facilitated through its partnership with Brave New Coin. The service will start on the first of May 2019. The company will offer reference rate quoted in the United States dollars for XRP based on the parts of the market with the most liquidity.

Following the announcement by Nasdaq, Brave New Coin collaborated stating;

“The XRPLX sources data from only the most liquid exchanges by volume and order-book depth. Current constituent exchanges for the XRPLX include Bitfinex, Bitstamp, Poloniex and Kraken with Coinbase to be added in the next review.”

The data on Nasdaq’s ServiceSM dates back to 2014. It is typically refreshed every five minutes and is one of the most accurate index data service in the world. It calculates its indices using an independently audited methodology. What this means is that the indexing method is free from the principles set by the International Organization of Securities Commissions.

This isn’t the first time Nasdaq is entering into a partnership with Brave New Coin. As reported by smarttest.wpmudev.host, Brave New Coin also powered indices for BTC and ETH on Nasdaq earlier in the year.

XRP Price Prediction 2019 – Current Price Of XRP – XRP News Today

Shortly after the announcement was made, the price of XRP started surging against the USD. At the time of writing, XRP was trading at $0.306283. It is up by 3.40% against the USD and up by 3.06% against the price of BTC. The trading volume over a $1,101,181,595 and the market capitalization is $12,865,426,301. If the bullish momentum continues, the price of XRP may hit $0.32 near-term.

XRP (XRP) Price Today – XRP / USD

#NamePrice24H %
3
ripple
XRP(XRP)
$0.263
0.529%

What do you think about the XRP index that has been added to Nasdaq? Will the XRP price prediction 2019 be influenced by the listing or is it just a short-term spike? Kindly share your thoughts below.

Ufuoma Ogono is a cryptocurrency writer with over 3 years experience in the cryptocurrency industry. She dedicates her time to sharing valuable information to members of the cryptocurrency community.

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