Ripple’s XRP token has been on the path of recovery from yesterday’s price fall. It appears that the price of XRP has gained the momentum to push upwards. Despite yesterday’s fall in price, the token has today, started showing good potential. It is back on track with the XRP price prediction 2019. This is likely going to give investors good returns for their funds in the coming months. Let’s see how the price of XRP performed in a recap of the week.
XRP (XRP) Price Today – XRP / USD
XRP Price Prediction 2019: The Price of XRP Fell Tremendously After Touching $0.466 on May 31 – XRP Price Forecast
After touching the $0.466 price point on May 30 and falling lower tremendously on May 31, the charts highlighting trading for the XRP/USD pair went back to a bullish trend. As of June, the price of XRP was trading at $0.436.
XRP is looking better than it was when compared to the last few months of the year. The new trend may likely continue for the time being if all parameters stay in play. XRP is still ranked number 3 among the largest digital assets by market cap by coin market cap. It was trading at $0.436729 as of press time with an ROI of 7,335.15%. XRP had a 24 hour volume of $1,977,451,047 and circulating supply of 42,181,995,112 XRP with a market cap of $18,422,086,188
XRP Price Prediction 2019: Comparing the Price of XRP From 20+ Days Earlier to the Present Levels
Looking at the chart of the XRP/USD pair we can see that there are two tops at $0.475 on May 16 and at the $0.471 position on May 30. Two tops in the chart typically indicate that there’s a bullish trend. According to the data on the chart, in the coming months, the price of XRP will likely give substantial dividends to short term investors.
When the price of XRP was compared to what it was from the start of this year to now, a tremendous increase was observed.
For better comprehension, let’s compare the price of XRP from the last month. As of May 6, the price of XRP was at $0.299579. Now the price of XRP is at $0.43639. Hence, you can see the hike in the price of XRP at 45.66%.
Altogether, the price of XRP is showing the positive signs that it will yield good returns in the coming months. By the year end, the price of XRP can go beyond the $0.75 position. In the coming five years, the price of XRP is likely going to touch $2 which will be a new high.
XRP Price Prediction 2019: The Price of XRP Will Likely Move Up in the Long-term – XRP Price Forecast
Ripple has been speaking with J. P. Morgan over embarking on a future venture together. Reports making rounds in the crypto space is that news of this future venture has made investors happy. This is because the price of XRP is likely going to move up. For this reason, it is recommended that investors for the short term hold their tokens if they wish to get maximum gains for their investments.
Long-term XRP investors will likely draw huge dividends. Yes, Ripple’s decision to launch big ventures with some of the leading companies will make this a reality.