XRP Price Goes Back To The Green Zone, Analysts Suggests That It Will Hit $0.50 Near-term, How Long Will The Uptrend Last?

Ripple joins Blockchain Capital VC Fund with XRP investment worth $25 million price

XRP News Today – XRP has been struggling between an uptrend and a downtrend for a long time now. After trading within the $0.28 to $0.32 range for months, XRP managed to break the extended downtrend and started to recover higher against the USD. However, maintaining the uptrend was difficult as the cryptocurrency was forced to fall below the $0.46 level which it reached during its peak levels last month. If XRP had crossed the $0.46 level, it would have surged above the $0.50 level paving a way for more gains against the USD and Bitcoin. Unfortunately, this didn’t happen. The bears started to put pressure on the market driving the price of XRP to the lower range. XRP touched the $0.3800 level but has started recovering higher. The latest XRP price analysis suggests that the cryptocurrency will keep surging higher if the uptrend is maintained.

XRP News Today – XRP Price Analysis – XRP Price Prediction 2019 – XRP Will Hit $0.50 Near-term

Right now, there is a trend line that is going to determine the fate of XRP. The bears and bulls are struggling to break the trendline. If the bulls break it, the uptrend will continue. Otherwise, the downtrend will resume. There is currently resistance at $ 0.44, $0.46, $ 0.48. Crossing above the resistance at $0.48 is going to pave the way for a rise to $0.50 and more gains near-term. Meanwhile, the support levels are at $0.38, $0.36, $0.34. It is important that XRP remains above the support at $0.34 to prevent a panic sell-off that will drive it back to the March trading range of $0.28 and $0.32.

During yesterday’s trading session, the price of XRP was alternating between lower highs and lower lows. In the early hours of trading, it was in the bearish territory. Eventually, the trendline was formed and the bulls started to battle with the bears. This morning, the bulls managed to push forward and will most likely break the trendline and stay above it throughout the day. It has broken above the $0.3850 to $0.4000 range and is trading within a wider range of $0.4000 and $0.42000. It is no longer in a sideways trend.

XRP Price Prediction 2019 – XRP Price Analysis – XRP Prediction 2019 – Current Price Of XRP

Right now, the buyers and sellers are still indecisive. Some technical indicators prove that the bulls are in control while others prove that the bears are in control. Hopefully, before the end of today’s trading session, the bulls will confirm the uptrend by driving the price of XRP above the $0.42 level.

XRP (XRP) Price Today – XRP / USD

# Name Price24H %
3
ripple
XRP(XRP)
$0.270
-2.27%

At the time of writing, XRP was trading at $0.405008. This means that it is up by 2.57% against the USD and up by 0.89% against the BTC. The trading volume over a 24 hour period is $1,243,507,777 and the market capitalization is $17,213,617,082. If the bulls successfully break the trendline, the price of XRP will hit $0.50 soon.

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

Ufuoma Ogono is a cryptocurrency writer with over 3 years experience in the cryptocurrency industry. She dedicates her time to sharing valuable information to members of the cryptocurrency community.

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