XRP To Reach $589 After The Bearish Correction, Can XRP move As This High Or is XRP Dead?

ripple xrp price analysis

A while ago, an XRP price prediction 2019 on smartereum.com placed the price of XRP at $589 before the end of the year. At the time, this prediction, while far-fetched, seemed possible because of the progress Ripple was making per adoption of the xRapid protocol and the XRP token. XRP was also listed on Coinbase and other major cryptocurrency exchanges. At first, the XRP price prediction 2019 was responding slowly to the development. However, the price of XRP entered a descending trendline and has been stuck in it for months. While XRP is still the third largest cryptocurrency per market capitalization, it is also the second-worst performing token. So, will the price of XRP hit $589 by the end of the year as predicted in our previous XRP news or is XRP dead?

XRP Price Prediction 2019 – XRP News Today – XRP Price Forecast – Is XRP Dead?

There are some cryptocurrency analysts that have said that the price of XRP doesn’t have the potential to move above the $10 level even at its highest point. However, there are also those who are confident in the future of XRP irrespective of its current price. Crypto Bitlord, one of the prominent members of the cryptocurrency community, predicted that the price of XRP will move as high as $589 sometime in the future. To support his argument, he said that Bitcoin was once worth $0 and is currently worth more than $5000. He also made reference to the fact that the price of BTC sold almost as high as $20000. So, in his opinion, if BTC could rise this high within less than 10 years, XRP can move from the $0.30 range to the $589 range.

XRP is no longer strongly related to the price of Bitcoin. While this is meant to be a good thing, it also makes the XRP price prediction 2019 difficult. You see if the price of XRP is no longer closely related to the price of Bitcoin, a surge in the price of XRP will not automatically lead to a surge in the price of BTC. Since XRP has been stuck in a descending trendline for a long time and has refused to move above the $0.30 level, some members of the cryptocurrency community have started referring to XRP as a stable coin and not a cryptocurrency.

XRP (XRP) Price Today – XRP / USD

Name Price
ripple
XRP
$0.314-4.66%

At the same time, another cryptocurrency analyst said that the real value of XRP is $0.0043 and that the third largest cryptocurrency per market capitalization is overpriced. This is one rumor that has been circulating in the industry and it seems to be affecting the XRP price prediction 2019. On another end of the space, there are those who believe that the price of XRP is undervalued and that with time, the price would be unlike with the developmental growth.

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

At the time of writing, the price of XRP was trading $0.302100. This means that it is down by 0.26% against the USD and down by 1.52% against BTC. The trading volume over a 24 hour period is $855,990,414 and the market capitalization is $12,714,489,341.

What do you think about the XRP price prediction 2019 in our XRP news today? Will the price of XRP move higher against the USD or are lower lows coming soon? Share your thoughts in the comment section 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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