XRP Price Swings Lower Following Weekend Rally, How Low Will XRP Go, Will It Surge Toward $0.50 Again?

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

Ripple News Today – Toward the end of last week, Bitcoin, the flagship cryptocurrency, started to surge significantly against the USD. Within a 48-hour period, it had gained more than $2200 testing $11,200 for the first time in more than one year. While other altcoins stalled, the two largest, XRP and ETH followed Bitcoin’s lead. In our XRP news and XRP price prediction yesterday, we noted that XRP moved near the $0.50 level attempting to test a yearly high. Unfortunately, the price correction started and the gains started to slip away little by little. Will XRP recover anytime soon or will be bears continue to pull the price down?

XRP News Today – XRP Latest Update – Ripple News Today – XRP Price Prediction 2019 – XRP Prediction 2019

The bullish rally lasted until Saturday when the bears started to gain momentum. The price of XRP lost a significant portion of its gains falling from the higher part of the $0.48 level to the lower part of the $0.46 level. About a week ago, XRP was struggling to gain ground above the $0.42 level. It was just after the announcement about Facebook’s Libra that Bitcoin started to surge carrying XRP along. As soon as it broke the resistance at $0.45, it became clear that it would surge higher against the USD. According to our last Ripple news and XRP news, the price of XRP was primed to test the $0.50 level before the bears showed up. Since then, XRP has been shedding off its gains and falling lower against the USD and BTC.

Even if the price of XRP is currently falling against the USD, it is still up by more than 7.54% over a seven day period. Yesterday, the price of XRP was $0.47 as trading started. It moved between $0.47 and $0.48 for a while before falling below the support at $0.47 paving the way for lower lows. It touched the $0.4679 level before it finally picked up the momentum and started moving to the $0.48 level again. Unfortunately, before the end of trading yesterday, XRP was down to the $0.4682 level.

XRP News Today – Ripple News Today – Current Price Of XRP – XRP Price today

This morning, the price of XRP started the day trading it red. It fell lower against the USD losing the support at $0.45. This was followed by a minor recovery to the $0.462 level. The XRP technical analysis currently reveal that the bulls are still in control of the market even if they are quite.

XRP (XRP) Price Today – XRP / USD

Name Price24H (%)
XRP (XRP)
$0.322603
2.30%

At the time of writing, the price of XRP was $0.465355. This means that it is down by 1.21% against the USD and down by 3.83% against BTC. The trading volume over a 24 hour period is $1,932,708,908 and the market capitalization is $19,778,478,102. It is important that the price of XRP maintains the support at $0.45 to avoid more loses near-term. Before the end of the day, the bulls will most likely show up and drive the price of XRP to $0.48 again.

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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