XRP Price Rises to $0.4100 as Bitcoin Bulls Return, How High Can XRP Go?

While the price of XRP has enjoyed a bullish breakout in the last few days, it appears Bitcoin has joined XRP by forcing a bullish movement. According to the crypto Charts, we can deduce that the bulls have made a comeback for Bitcoin. The price of Bitcoin, the leading digital asset made a return after recording an 8.22% increase in the last barely days after the digital asset plunged by $1000. XRP price prediction 2019 is also on track as the coin has a bullish outlook once more.

Despite the fact that the price of Bitcoin plunged by $1.300 in only two days against the USD (to stay below $7,000.00), the leading asset class climbed back up in the first hours of trade today. Now following this market performance the price of Bitcoin is expected reach $8,000. As per the time this content was published the number one digital coin has recorded an increase of 8.22% and valued at $7,947.33. It has joined XRP to enjoy the effect of the bulls.

XRP Price Prediction 2019: The Price of XRP Found Resistance at $0.4000 – XRP/USD Live Price

Drawing critically parallel lines via the weekly chat for the price of XRP, the resisting level for the digital asset was at the all-important $0.4000 position. It should be recalled that this price position has already being cleared with the May 19 value jump. As crypto prices are moving as one, the price action mentioned above has signaled opened gates for BTC to move over the next hurdle. The price of XRP should hold the $0.4000 resistance position.

XRP Price Prediction 2019: Discrepancies Between Ripple and Ripple Escrow Report, Coin Metrics Says

According to data given by Coin Metrics based on a report released on May 16, there are a number of discrepancies in Ripple (the parent company and creator of XRP along with blockchain startup) Ripple escrow service report. Per Coin Metrics findings, “several important discrepancies exist between what was reported publicly by Ripple and what is visible on XRP’s ledger.”

Coin Metrics reported:

Two quarterly markets reports had under-reported the total number of XRP that was released from Ripple escrow by 200 million XRP (roughly $84 million).”

The “escrow queue” was implemented differently than was originally announced, leading to quicker future release of funds on escrow compared to the schedule announced.

Binance Exchange Has Included the IsSpotTradingAllowed and isMargingTradingAllowed Booleans

With the launch or unveiling of the whitepaper of Binance, there was a talk of “margin trading” which was presented as a part of the projects “feature rollout”. However, Binance exchange hasn’t spoken about the matter. After, a pseudonymous programmer known as enriquejr99 highlighted this in the code the user found, Binance has choosen to include two booleans known as IsSpotTradingAllowed and isMargingTradingAllowed.

Changpeng Zhao, who serves as the chief executive officer of Binance exchange, reportedly came up to downplay the rumors. He did this by remarking that Binance’s earlier attempts to “future proof” the “API framework” has resulted in the appearance of the margin trading booleans. In a recent crypto update on Reddit, the Reddit user notes that nine pairs such as BTC-USDT, TRX-BTC, BNB-BTC, ETH-BTC, and XRP-BTC, have all been margin enabled so far.

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


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