About two days ago, the price of Bitcoin started surging higher against the USD. Ethereum, XRP and almost every other cryptocurrency followed the trend. XRP moved above the $0.400
According to the XRP price analysis on NewsBtc, the price of XRP is fully in the bullish zone. The $0.4000 acted as resistance for a long time. Now that the resistance has been crossed, we should see higher highs near-term. After the price of XRP moved above this resistance, there was a downside pull below it which gave the bulls enough momentum to move above all the way to the $0.45 level. There was resistance at $0.4250 but XRP broke above this resistance.
XRP Price Analysis – XRP Price Forecast
As soon as the price of XRP moved above the resistance at $0.4250, the bulls gathered more momentum and surged as high as $0.4460 breaking the resistances at $0.4350, $0.4400, and $0.4409. After it hit $0.4460, it started consolidating along with the wider market. The initial resistance at $0.4250 is now acting as support. A rising channel formed with a $0.4250 support. Another support is at $0.4240. So, if the price of XRP is to fall below the support at $0.4250, it will find support at $0.4240. The MACD is in the bullish territory along with the relative strength index. Near-term, there is a high chance that the price of XRP will hit $0.50.
XRP Price Prediction 2019
XRP (XRP) Price Today – XRP / USD
The 50% Fib retracement level of the last rise from $0.4083 to $0.4409 is near the channel support. The price of XRP is going to move higher but there will be resistance at $0.4500, $0.4650 and $0.4880. Breaking the last resistance will take the price of XRP as high as $0.500.
When is the best time to take your XRP profit? To maximize your XRP earnings, the smart move would be to wait for a surge above $0.50 before taking your profit. Don’t sell-off your holdings as the XRP price prediction 2019 places the price of XRP above $1 before the end of the year. If you want, you can increase your earnings by recycling your profit.
Ripple XRP News Today – XRP in Crucial Uptrend
XRP is no longer among the worst performing cryptocurrencies in the space. After struggling to gain momentum for months, the price of XRP has been on fire since it crossed the resistance at $0.38 surging as high as $0.440 during the last Bitcoin bull run. The XRP price prediction 2019 is bullish mid and long-term. Thanks to the current spike in the price of XRP, it is also bullish short-term.
According to the latest price analysis on newsbtc; Ripple price is trading with a positive bias against the US Dollar and bitcoin. XRP is currently correcting from highs, but dips remain well supported above the $0.4200 level.
Looking at the chart, Ripple price is trading nicely in an uptrend above the $0.4320 support level. The price is likely to bounce back once the current correction is complete near $0.4320 or $0.4150. Any further declines below $0.4150 is very unlikely. On the upside, an initial resistance is near $0.4500, above which the price is likely to revisit the $0.4600 level.
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