XRP Price Holds Its Ground Against Bitcoin Amid Crypto Market Slump, What Does This Say About XRP And Ripple?

Ripple News Today – XRP has been struggling along with the rest of the cryptocurrency market for the last few days. The third largest cryptocurrency per market capitalization is doing everything possible to hold the support at $0.40 to avoid lower lows near-term. The only consolations that any digital asset investor on the XRP rich list has right now is that the the XRP price prediction 2019 is still bullish and XRP is holding its ground against BTC. According to the XRP technical analysis on Captainaltcoin.com, XRP is strongly supported against the BTC. What does this mean for the XRP prediction 2019 and XRP current price?

XRP Price Prediction 2019: XRP News Today – Ripple News – XRP/BTC Price Action

Thanks to the decline in the entire cryptocurrency market, XRP has lost almost all the gains it accumulated on the 13th of last month when it gained an additional 1600 satoshis against Bitcoin. XRP found strong support at 4600 surging as high as 5400 from which it started to decline against the BTC. This morning, XRP moved as low as 5100 satoshis where it held its ground around the 20-day EMA. Earlier attempts to surge above the resistance had failed. Right now, even if the price of XRP starts trading in green against the BTC, there will be no confirmation of a breakout until XRP moves higher than 5600 Paving the way for the surge above 6500 satoshis.

On the other hand, if the bulls are unable to gain the required momentum and the bears press the price of XRP lower, falling below the support at 4700 will lead to lower lows all the way to the 4000 satoshis level. The strongest support levels are at 4600 satoshis and 4400 satoshis. The technical indicators show that there is a significant move coming soon for XRP. This move would most likely be a breakout.

Right now the entire market hangs in the balance and the ball is in Bitcoin’s court. If Bitcoin takes another hit below $7000, the price of every cryptocurrency, including XRP will fall significantly against the USD. Bitcoin’s fall below $7000 would lead to the creation of a symmetric triangle which would take the flagship cryptocurrency as low as $4700 eventually. So, it is important that it remains above this level.

XRP Price Prediction 2019 – Current Price Of XRP – XRP News Today – XRP Prediction 2019

At the time of writing, the price of XRP was $0.403593. It is down by 0.06% against the USD and down by 0.78% against the BTC. The trading volume over a 24 hour period is $1,483,595,265 and the market capitalization is $17,024,371,205. XRP still has the potential to hit $0.60 per our previous XRP price prediction 2019. In that XRP news, we talked about how the price of the cryptocurrency was gearing up to benefit from the effects of a golden cross and enter a bullish rally. There is still a high chance that this would happen. However, XRP would stand a better chance if Bitcoin begins to recover.

What do you think about the XRP price prediction 2019 in our XRP news today? Is XRP dead or will XRP recover? Share your thoughts in the comment section below.

Max writes about blockchain projects and regulation with a special focus on United States and China. He joined Smarterum after years of writing for various media outlets.


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