Ripple News Today – A few months ago, we established that XRP is losing its correlation with Bitcoin. Typically, the price of Bitcoin surges, the price of XRP and every other cryptocurrency follow. This is why when Bitcoin reached its all-time high last year, XRP also reached its all-time high. However, as the market matures and XRP gets more use cases, the token has become the best diversifier among cryptocurrencies. This is a good and a bad thing that can significantly impact the XRP price prediction 2019.
XRP News Today – Ripple News Today – XRP Price Prediction 2019 – XRP Stalls While Bitcoin Rallies
Between last week Friday and today, the price of Bitcoin is up by more than 40% against the USD. The price is moving so high so fast that traders believe it will surge above its all-time high. In December 2017, the price of Bitcoin traded around $13,000. Shortly after, it moved as high as $19,511. As you already know, this was followed by the cryptocurrency winter in which the price of BTC touched $3200. Over the last 24 hours, Bitcoin (BTC) is trading higher by over 20%, XRP is only up by only $3.6%. Is XRP dead?
XRP isn’t surging as high as it should be because traders are currently focused on Bitcoin. They believe that the flagship cryptocurrency is going to keep rising in the near term. In fact, Peter Brandt, the veteran trader who predicted the cryptocurrency winter predicted that the price of BTC will rise as high as $100,000. This, along with the news about the Facebook cryptocurrency getting ready for launch and the rise in the United States stock market, has contributed to the Bitcoin bull run.
XRP is not dead. Just like with other altcoins, people are currently focused on Bitcoin. As soon as the price of BTC corrects lower, the price of XRP will start to surge as traders turn their attention to altcoins. This should give it enough momentum to rise above the $0.50 level and eventually $0.80 per our previous XRP news.
XRP News Today – Bitcoin News Today – Current Price Of XRP – Current Price Of Bitcoin
At the time of writing, the price of Bitcoin was $12,736.27. This means that it is up by 11.40%. The trading volume over a 24 hour period is $41,560,192,941 and the market capitalization is $226,480,712,715. It moved as high as $13700 initially before the bulls started to lose momentum. The FOMO in the market is at its highest in months. Traders are trying to be safe by selling off as they notice loss of momentum.
XRP, on the other hand, is trading at $0.462413. This means that it is down by 0.52% against the USD and down by 8.05% against the BTC. The trading volume over a 24 hour period is $3,482,311,288 and the market capitalization is $19,683,334,585. Even if the price of XRP had initially moved as high as $0.48, the bears have managed to pull it back to the $0.46 level.
What do you think about the XRP price prediction 2019 in our XRP news today? Share your thoughts in the comment section below.