Why are Crypto Analysts Positive About XRP’s Prospects for 2019?

ripple xrp price analysis

The entire digital asset market has being in a bullish trendline for a short period now. The majority of the top coins lead the line with Bitcoin at the apex. Our focus today will be on the price of XRP. It is no secret that Ripple’s XRP token has been making waves in recent weeks in the crypto space. This has got people talking about the coin. The reports that have been making headlines in the crypto space is that the price of XRP is heading for highs. In fact, there are a section of analysts and experts throwing in a few words to back up their belief that the chances of XRP remain positive for this year. What does this mean for XRP price prediction 2019? Can XRP reach the $10 mark soon?

XRP (XRP) Price Today – XRP / USD

NamePrice24H %
ripple
XRP(XRP)
$1.132.66%

XRP Price Prediction 2019: Twitter User Says the Price of XRP Could Leap Forward After Breaking $0.45 – XRP Price Forecast

According to crypto enthusiast and expert who goes by the Twitter username Ryan, XRP is set to make a huge leap forward should it manage to break $0.45. This is a resistance that if broken will set the price of XRP towards the $0.5 target. Another Twitter user in response to Ryan’s tweet said that the price of XRP has already pushed over the 5,000 Bitcoin resistance. According to the user, this is making the crypto look better set to launch a bull run. Another Twitter user touched on the possibility of the price of XRP hitting $0.65.

XRP Price Prediction 2019: The Price of XRP May be Set for a Serious Jump, Weiss Ratings Declares – XRP Price Forecast

Weiss Ratings is a popular firm that rates cryptocurrency, mutual funds, ETFs, stocks and Financial Institutions. According to the company, the price of XRP signaled a breakout on May 14. This in their view could mean the major digital asset will have enough momentum which will see it mount a serious price push if it can succeed in breaking the $0.48 position.

Weiss just like the above XRP predictions shared their opinion via a tweet. The company’s Twitter followers responded by saying the Asian market has been influencing the price of XRP. They added that XRP might be set to initiate a serious pump which will begin in a few hours. However, this view is debatable to say the list.

XRP Price Prediction 2019: The Altcoin Season May Make Things Smooth for the Price of XRP, Weiss Ratings Shows – XRP Price Forecast

Weiss Ratings declared that we are in an altcoin season. However, it is safe to say, there has been plenty of talk relating to the current market trend movement. For one, the price of Bitcoin doesn’t seem to hold as much sway on some altcoins as it used to. This situation has led a few people to believe that the rest of the crypto market may be finally found a way to decouple from the influence of Bitcoin.

As of press time according to CoinMarketCap, the price of XRP was trading at $0.458. The digital asset had a total market capitalization of $19.3 billion and a 24 hour trade volume of $2.8 billion. Indeed, the current price level shows that XRP has been in an upward trend. Whether the above points to back XRP’s claim will prove true and the current trendline will be sustainable remains to be seen. XRP’s proponents can only wait and hope for the best.

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

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