The price of XRP is currently correcting lower after riding on the bulls and amassing more gains. XRP price gained a lot from the recent crypto bull run in the crypto space. XRP (XRP) is one of the top performers in this recent crypto bull run. XRP USD price was around the 30 cents mark before the bull run started. The price of XRP rose and broke over several resistance levels and short-term XRP price prediction 2019. XRP USD price was heading for the XRP price prediction of 50 cents before it was stopped. The digital currency struggled to test that level for a couple of days before it started declining.
XRP News Today: XRP Is Strongly Backed By Ripple – Is XRP the Best Cryptocurrency To Invest in 2019?
The parent firm of XRP – Ripple – has been fighting for the increased adoption and use of XRP. Ripple is a San Francisco-based blockchain firm. Ripple has partnered with a lot of top banks and financial institutions across the globe. Some of its partners are already using Ripple’s XRP-based products, such as xRapid. Recently, the US SEC just made a promise to be friendlier to digital currency projects. This is a very bullish XRP news, as Ripple and XRP have had a lot of encounters with the SEC. Nevertheless, this has not affected the price of XRP as a lot of digital asset investors see great potential in XRP.
XRP (XRP) Price Today – XRP / USD
Bitcoin (BTC), which was heading for the $9k level, is now down heavily and trading in the red. Bitcoin price plunged below the $8k support level and it’s now trading around the $7,900. However, since this correction is expected, digital currencies are expected to recover and rise soon. LTC price is also now trading close to the $100 mark. The only digital currency among the top coins in the market that is trading in the green is Bitcoin SV, which is currently up by 5 percent. The current price of Bitcoin SV is $220. Besides Bitcoin SV, the rest of the coins are deep in the red, with some down by more than 10 percent.
XRP Price Analysis – XRP Price Prediction 2019 – XRP Price Forecast – XRP Live Price – XRP News Today
Over the past couple of days, there was a steady increase in the price of XRP over the 42 and 44 cents resistance levels. The price of XRP even broke over the 45 cent resistance. The digital currency even broke the 46 cents mark before it started declining. XRP USD price plunged and broke below the 45 and 44 cents support level. During the correction, there was a decline below a key ascending channel with support at the $0.438 mark.
The downward trend continued and the price of XRP broke below the 42 cents support level and the 100-hourly SMA. XRP USD price plunged deeper and tested the 39 cent mark before it started correcting again. XRP price corrected over the 41 cents mark and the 23.6 Fibonacci retracement level of the previous swing from the high of $0.4646 to the low of $0.3964.
At the moment, XRP is supported at the 41 cents level. However, the major support of the coin is at the 40 cents mark. On the upside, the digital currency is capped at the 43 cents mark. XRP USD live price is $0.4136 after a decrease of 7 percent over the past day.