XRP Reverses The Bearish Pressure Surges Above The $0.344 Level Outperforming Bitcoin In New Rally, How High Will XRP Go?

ripple xrp price analysis

Ripple News Today – In our XRP news yesterday, we talked about how the price of XRP was falling against the USD along with Bitcoin and other altcoins in the market. It broke many support levels and was at risk of falling below the crucial support level at $0.3000. In our XRP price prediction, we noted that if the price of XRP falls below that support, it would risk falling back into the $0.2800 – $0.3200 range which it spent months stuck in previously. Today, however, the price of XRP has been recovering since the beginning of trading and is now outperforming Bitcoin and some other altcoins. How high will XRP go?

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

At the second half of trading yesterday, the price of XRP was down by more than 7.10% against the USD. The bears drove the price of XRP far below the important $0.40 resistance paving the way for lower gains against the USD. The bears breached a core trendline which gave the sellers full control of the market. The downtrend was discouraging and investors started intensifying the sell-off.

XRP (XRP) Price Today – XRP / USD

#NamePrice24H %
3
ripple
XRP(XRP)
$0.218
-1.22%

Yesterday, the downtrend in the cryptocurrency market was as a result of a combination of factors. For one thing, the Fed’s Jerome Powell said that he is skeptical of the Facebook cryptocurrency, Libra. He said that the cryptocurrency raises concerns about financial stability, privacy and other regulatory issues. He also suggested that the project is halted until they address these concerns. Shortly after the news broke, the price of Bitcoin, XRP and almost every other cryptocurrency in the market fell. Apart from the regulatory concerns about Libra, the price of cryptocurrencies were falling as part of a market-wide correction following the just completed bull run.

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

At the time of writing, the price of XRP was $0.344705. This means that it is up by 3.52% against the USD and up by 2.21% against the price of BTC. The trading volume over a 24 hour period is $1,969,992,535 and the market capitalization is $14,672,918,169. If the bulls continue to maintain pressure in the market, the price of XRP will hit $0.35 level in the next few trading sessions.

Bitcoin (BTC) Price Today – BTC / USD

#NamePrice24H %
1
bitcoin
Bitcoin(BTC)
$7,215.00
0.245%

Bitcoin has also been recovering against the USD. It started to surge right after Donald Trump, the President of the United States of America, made negative comments about Bitcoin and Libra. Even if he didn’t endorse cryptocurrencies, the fact that he knows about them alone and was willing to talk about them led to FOMO and bullish pressure.

At the time of writing, the price of Bitcoin was $11,686.11. This means that it is up by 1.47% against the USD with a trading volume of $27,028,821,231 and a market capitalization of $208,167,390,231. Bitcoin may hit $11,800 before the end of today’s trading session if the bulls maintain the control of the market.

What do you think about the XRP price prediction 2019 in our XRP news today? Share your thoughts about the Ripple news today 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.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.