XRP Corrects Lower After Crossing The $0.41 Mark, Why Can’t XRP Stay Above $0.40?

ripple xrp price analysis

Ripple News Today – Yesterday, XRP was bullish against the USD. It managed to surge above the resistance at $0.40 moving as high as $0.41 before the bears showed up and started putting pressure on the price. Now, XRP has fallen below the $0.40 mark again with risks of lower lows near-term. This leaves us with these questions; why is the price of XRP falling against the USD and when will it be able to hold its ground above $0.40? Is the current price action evidence that the XRP price prediction 2019 is now bearish or will the bulls resume their control over the market?

XRP News Today – XRP Prediction 2019 – XRP Price Prediction 2019 – XRP Price Analysis

Yesterday, after the price of XRP managed to rise above the $0.41 level, it started to fall rapidly until it reached $0.37. This was followed by a gradual increase in the price of XRP. Traders saw the gradual increase in price as something positive which revealed that the XRP token was going to cross above the $0.40 level again. Unfortunately, before the end of trading, the XRP price continued to face strong resistance at $0.40.

XRP is facing a serious challenge moving above the $0.40 level and it’s not clear why this is happening. Some analysts have suggested that the price of XRP hasn’t been able to move above the said level because of the general negative sentiment in the market. Others have suggested that the price of XRP is gathering momentum for an upcoming parabolic bull run. Fundamentally speaking, there are many factors that point to a bright future and a surge in the price of XRP. However, if history has revealed anything, it’s that good news for Ripple, the parent company of XRP, doesn’t automatically lead to a surge in the price of XRP. At least not all the time. So, the fact that Ripple is expanding and getting thumbs up from several public figures and institutions doesn’t translate to a surge in the price of XRP.

Over the last five days, the price trend of XRP has mixed signals between possible bullish bursts and certain bearish drops. The MCAD indicates that the traders are indecisive. At the same time, the long-term forecast is bullish.

XRP Price Prediction 2019 – XRP Prediction 2019 – XRP Current Price

At the time of writing, the price of XRP was $0.399911. This means that it is down by 0.42% against the USD and down by 2.68% against the price of BTC. The trading volume over a 24 hour period is $1,221,823,982 while the market capitalization is $1,221,823,982. 

Before the end of the year, depending on the general sentiment in the market, the price of XRP should move as high as $0.50. There are also XRP Price predictions that place the price of XRP as high as $1 by the end of the year. Right now, nothing is conclusive. Traders are proceeding with caution.

What do you think about the XRP price prediction 2019 in our XRP news today? Will the price of XRP continue to fall or will it recover near-term? 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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