Is XRP Dead? XRP’s Price Rises Along With BTC But Things Aren’t Looking Good Near-term

ripple xrp price analysis

Ripple News Today – After an opening week of Ripple XRP price starting at $0.39 against the USD, Ripple XRP has risen to $0.40 and has remained steady at $0.40. This was after a stormy week where XRP price fluctuated between $0.37 and $0.39. The XRP prediction indicates a rise above $0.50 if Ripple XRP can remain steady at its current position. Things were looking quite bleak at the beginning of the month for Ripple. XRP News Today stated that this was in part due to the rise in bitcoin price. Ripple price picked up from its slumber and held bullishly; rising from $0.38 to $0.39 and presently, $0.40, the sluggish trend seems to have been halted.

Ripple News Today – XRP News Today – XRP Price Analysis – XRP Price My Continue To Decline

Ripple News Today further revealed that though the Ripple XRP price level suffered a setback when it fell from $0.40 to $0.39 by the first couple of days in the month of July, it has since climbed to $0.40 and has remained so. This means there was a positive change of 1.34%, and it is imperative that Ripple XRP remain at $0.40 as a decline in price may invite undesirable impact.

Ripple XRP rose and had an increase of 2.16% over a 24-hour span. Though there was a lag of 3.70% in its SMA which was $0.4214. XRP news today stated that it could still be seen as an improvement from its 5-day SMA of $0.3947, though XRP price analysis shows that the XRP may undergo some resistance crossing the $0.40 mark. There may also be some further resistance crossing the $0.41 mark should it cross the $0.40 mark and remain steady.

XRP price prediction shows that Ripple price seems to be gaining in a bullish manner against the USD. With an increase from $0.39 to $0.40 and a projected rise to $0.41, Ripple XRP looks set to cross its highest point and attain a $0.42 mark. This will be a significant achievement and will solidify Ripple’s position as a global cryptocurrency.

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

Should Ripple XRP remain consistent and not dip or plummet, there is the possibility of a fresh boost above the $0.42 landmark, seeing XRP price rising above the $0.42 mark to reach $0.45 over the next couple of years. Consequently, should the price dip, XRP may see a crash that may bring it down to below $0.40. XRP Price Prediction indicates that Ripple XRP will remain at $0.40 in the next few months and climb to $0.41 before the end of the year.

XRP (XRP) Price Today – XRP / USD

Name Price24H (%)
XRP (XRP)
$0.338758
6.02%

XRP Prediction shows that XRP has remained steady at $0.40. With a Fib retracement level of 50% as it swung from a high of $0.4110 to a low of $0.3860 during the start of the week, the $0.40 mark comes at a much needed time. As the price of BTC/USD rose to over $12,000, the sentiments in the market seem favorable and something that will rub on the price of XRP. The major support levels in Ripple XRP rise are $0.4010 and $0.4050, while the resistance levels are $0.4110 and $0.4200.

With its present gain, XRP seems set to consolidate its position as a top contender in the cryptocurrency industry. Investing in Ripple will certainly bring good returns in the long run as the value looks certain to increase over the coming years.

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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