Ripple News Today – The entire cryptocurrency community and even mainstream media has been talking about the current cryptocurrency bull run. With Bitcoin well above the $12,000 for the first time in more than a year, it has become clear that cryptocurrencies are here to stay. While Bitcoin is leading the rally by many points, XRP and ETH have been recording decent gains as well. XRP was able to test the $0.47 level for the first time in weeks and there is a high chance that it will test $0.50 before the end of the day. If XRP is able to test $0.50, analysts have suggested that it will rise to the $0.80 per our previous XRP news. How high will XRP go?
XRP News Today – Ripple News Today – XRP Surges Higher Against The USD In Crypto Bull Run
For the past few days, the price of XRP has been hovering within the $0.46 and $0.47 range. This was after it moved as high as $0.48 last week. Right now, there is a strong psychological resistance at $0.50. In our XRP prediction 2019 earlier in the week, we noted that the price of XRP has what it takes to move as high as $4 if the bulls take the driver’s seat. We also mentioned that XRP is undervalued and should be worth a lot more than it currently is. With all the use cases of XRP and the adoption Ripple is getting, it’s surprising that the cryptocurrency hasn’t been able to move as high as $1 again talkless of reaching its all-time high.
XRP (XRP) Price Today – XRP / USD
You see XRP was created specifically to serve as the ultimate decentralized means of payment. Apart from being a cryptocurrency used by banks, Ripple made XRP the fuel that drives xRapid. This move will ensure that global adoption of xRapid is followed by global adoption of XRP. XRP has many other use cases that give it the potential to become the most sort-after token in the future. So, why isn’t the price of XRP surging? There are many speculations regarding the poor performance of XRP. Some say that Ripple is deliberately manipulating the price for the benefit of institutional investors. Others have said that the price of XRP must remain relatively low if it is to serve the purpose for which it was created.
XRP News Today – XRP Price Prediction – XRP Price Forecast – Ripple News Today – Current Price Of XRP
At the time of writing, the price of XRP was $0.474907. This means that it is up by 1.42% against the USD but down by 9.77% against the price of BTC. The trading volume over a 24 hour period is $2,541,490,360 and the market capitalization is $20,215,192,514. Right now, Bitcoin is outperforming every single cryptocurrency in the top list. This doesn’t mean that XRP is bearish. In fact, it is up by more than 17% over the last 30 days and all the technical indicators are bullish at this time. So, when Bitcoin starts to lose momentum, XRP will pick up. As soon as XRP successfully moves above $50, more gains will be recorded near-term.
What do you think about the XRP price prediction 2019 in our XRP news today? 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.