XRP Price Stays Above $0.30 But XRP/BTC Trading Pair Falls Lower, Will XRP Face Lower Lows Near-term?

Ripple joins Blockchain Capital VC Fund with XRP investment worth $25 million price

After weeks of struggling, XRP price finally gathered momentum yesterday. As reported by smarttest.wpmudev.host on our last XRP price prediction 2019, the price of XRP lost the support at $0.30 and risked losing the support at $0.2900. If the price of XRP had fallen below this $0.2900 support, it would have reach lower lows against the USD and against the price of BTC. So, yesterday, when the price of XRP moved above the $0.30 level, members of the XRP rich list became hopefully again that things would get better and XRP will move higher short-term. In our XRP news today, we would talk about how the price of XRP is facing resistance against the price of Bitcoin even if it is green against the price of the USD?

XRP Price Prediction 2019 – XRP Prediction 2019 – XRP News Today – XRP Faces Resistance Against BTC

According to the XRP technical analysis on Ethereum World News, the price of XRP has extended its losses against the price of Bitcoin BTC below the support at 0.0000600. Right now, this same level is acting as resistance for the price of XRP against Bitcoin. The decline became intense when the price of XRP fell below 0.0000650. This shifted the price of XRP into a strong downtrend that it has been stuck in for days. It even broke the support level at 0.0000550 after breaking the support at 0.0000600BTC. A few days ago, the XRP to BTC trading pair reached a new yearly low around 0.0000536. It eventually moved a bit higher above the 0.0000550. It is preparing for a rebound near-term.

After a while, the XRP bulls were able to successfully push the price of XRP above the 50% fib retracement level from the last 0.0000629BTC to 0.0000536BTC fall. It broke above a significant bearish trendline that had resistance at 0.0000570. Subsequently, the price of XRP moved above the 0.0000600 level again before the sellers showed up and dragged it down. They attempted to bring the price of XRP below the 61.8% Fib retracement level of the last fall from 0.0000629 0.0000536.

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

At the time of writing, the price of XRP was $0.305532. This means that it is up by 0.34% against the USD and down by 1.82% against the price of BTC. The trading volume over a 24 hour period is $1,102,676,212 and the market capitalization is $12,833,877,412. Meanwhile, Bitcoin, the flagship cryptocurrency was trading at $5,388.32. It is up by 2.14% against the USD with a trading volume of $13,741,215,069 and a market capitalization of $95,243,902,879.

XRP (XRP) Price Today – XRP / USD

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Since the price of XRP was unable to retest the 0.0000600 level this morning, it retreated and lost most of its gains. The 0.0000600 and 0.0000612 levels are still acting as resistances against the the XRP to BTC trading pair. It is important that it recovers above the current 0.00005680 level to avoid falling lower against BTC. Falling below this current level will pave a way for lower lows to the 0.00005680 level.

What do you think about the XRP prediction 2019 on our XRP news today? Will the XRP to BTC price remain bearish? 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.


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