Latest XRP Price Analysis Reveals Lower Lows On The Way For XRP, Sell Or Hold?

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

Ripple News Today – If you’ve been paying attention, you’ll know that XRP is among the worst performing cryptocurrencies in the top 10 on CoinMarketCap. This is discouraging because the token has made a lot of progress per adoption and Ripple has also been making waves across the global financial sector. Irrespective of all the progress Ripple is making to promote the adoption of the XRP token, there is still the poor price performance to deal with. The latest XRP price analysis has revealed that this is just the beginning and lower lows are coming soon. What should you do? Sell or hold?

XRP News Today – XRP Price Prediction 2019 – XRP Latest Update – XRP Will Fall Lower Near Term According To Latest XRP Price Analysis

Right now, the XRP price chart has a descending trendline which indicates that lower lows are coming near-term. Yesterday, the price of XRP took an upward jump against the USD along with ETH and some other altcoins. In the beginning of trading today, the cryptocurrency was in green but it could not maintain the bullish momentum and went back to trading in red.

Two days ago, one of the leading logistics firms in the world, American Express, made a post about international payment settlement. In the post, the company mentioned that XRP was a good option for international settlement because of its liquidity. Shortly after the announcement was made, the price of XRP surged by more than 5% against the USD. This was because of FOMO. Investors saw the blog post by American Express as an endorsement of Ripple and XRP even if this isn’t exactly what it was. The token was able to rise above the resistance at $0.40 and it remained there for a while until the FOMO ended and the price started to drop.

Right now, there is strong resistance at $0.43. If the price of XRP is able to move above the resistance at $0.40 and subsequently cross $0.43, there will be hope for higher highs. However, staying above the $0.40 level appears to be the most difficult thing for XRP to do this period. Well, at least it has left the $0.32 – $0.35 level for good.

XRP News Today – XRP Price Prediction 2019 – Current Price Of XRP

At the time of writing, the price of XRP was $0.398376. This means that it is up by 1.12% against the USD and down by 2.94% against the price of BTC. The trading volume over a 24 hour period is $1,163,232,489 and the market capitalization is $16,957,529,555. Do you hold or sell? Well, the truth is that XRP has strong potential. There is a high chance that the cryptocurrency is going to surge significantly in the coming years due to the increase in awareness and all the efforts by Ripple.

XRP (XRP) Price Today – XRP / USD

Name Price24H (%)
XRP (XRP)
$0.337710
6.06%

Short-term, however, the chances of a significant surge happening against the USD is unlikely. So, if you’re looking for short-term gains, XRP may not be the best option at the moment. Traders who are interested in long-term gains can keep holding as the future is bright for XRP.

What do you think about the XRP price analysis in our XRP news today? Share your thoughts about the price of XRP 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.

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