XRP to the Moon or XRP 589 Dollars? Famous Crypto Analyst Predicts a Huge Breakout for XRP

Several analysts are holding on to the XRP 589 dollars prediction. Is it still feasible? Another crypto analyst believes XRP is headed to the moon. XRP 589 price prediction perhaps?

Earlier Smartereum reported that crypto sales reports, trade volume and market capitalization figures have been widely exaggerated by some exchanges. Several sources have raised concerns regarding this issue of inaccuracy and exaggerated figures reported for digital assets by exchanges including XRP. Now, in a bid to ensure transparency, Ripple the company, has gone on to release its sales report for XRP price and trade volumes. This will ensure market structure reliability at least. The move could ginger the crypto verse to follow in this line of action in the long-run.

XRP (XRP) Price Today – XRP / USD

#NamePrice24H %
3
ripple
XRP(XRP)
$0.238
-8.43%

The SEC, the Data Accountability and Transparency Alliance and the Blockchain Transparency Institute have raised questions over the matter.

Following the decision of Ripple, for XRP news today, a popular crypto analyst has declared good tidings for XRP price. The Crypto Dog made the remarks via his Twitter handle. Where he declared that XRP price is definitely going to rise higher very soon. According to the analyst, the price of XRP will not hit it’s final low against the USD before it becomes bullish. This is likely in relation to the recent decision of Ripple.

Ripple Must Ensure Transparency at All Costs

Ripple must ensure transparency at all cost. Understandably, digital assets must show the markets that they are doing all they can to gain the upper hand in this competitive sector by giving accurate data. It is wrong to think that the only way to meet up with expectations is by reporting exaggerated data. Now Ripple appears to be spearheading the charge.

For example, Coin Metrics had asked Ripple for an explanation regarding the matter with its recent numbers being tagged as exaggerated. Ripple has come out by clearly raising the bar high when giving an insight about its volume and sales report of XRP. How has XRP price performed lately? Is XRP 589 possible this year?

The Bulls Have Attempted a Comeback in Our Recent XRP Price Prediction 2019

 The price of XRP had two consecutive bearish days where it fell from $0.445 to $0.398. Now, per coin market cap, XRP price stands at $0.399. On Tuesday, the XRP/USD pair breached the $0.409 support level and the 20 SMA.

The 4-hour chart indicates that the bulls are looking to return. The two recent sessions are bullish in an upward pattern. Over the sessions, the price of XRP has risen from $0.39 to $0.399.

Earlier, before both sessions, XRP price had been heavily bearish. At the time the 4-hour price went below the lower 20-day Bollinger band. Which means the price was undervalued. The bulls made a comeback as a result.

XRP Price Prediction 2019: XRP Price Formed a Head and Shoulders Trendline

The 50 SMA crossed the 20 SMA curve, to show a bearish sign. RSI is in the oversold region.  The bears had originally broken the hourly price under the Ichimoku indicator. The price of XRP formed a head and shoulders trendline. It is now moving upward. The bulls have to gather enough momentum if it must break past the $0.405 resistance position.

The MACD indicator shows two bullish sessions, which is an indication that the market’s momentum is bullish in the short-term. What impact will Ripple’s decision on the XRP price? Are we poised for a huge breakout for XRP price? Is XRP 589 a real target? The above XRP price prediction 2019 points to a likely bullish takeover. We have to wait for the outcome of trade in the coming days.

Princess Ogono is a writer, lawyer and fitness enthusiast. She believes cryptocurrencies are the future. When she's not writing, she spends time with her adorable cat, Ginger and works out often.

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