Game Over For XRP As Bears Drag The Price Below The Support At $0.32, Will XRP Recover?

Ripple News Today – XRP is one token that isn’t easily influenced by the price action of Bitcoin. According to our XRP news yesterday, we noted that this independence XRP has from Bitcoin will be its bane. The thing is that while the price of XRP doesn’t surge higher along with the price of Bitcoin, it tends to fall dramatically each time the price of Bitcoin takes a downturn. So, the independence XRP has isn’t necessarily a good thing. According to our XRP price prediction and XRP price forecast in our XRP news earlier in the year, XRP has a bright future. There is a high chance that the token is going to thrive because of the efforts by Ripple and the ever increasing use cases of the XRP token.

Ripple News Today – XRP News Today – XRP Price Prediction 2019 – XRP Prediction 2019 – XRP Falls Below $0.32, Is This Game Over?

XRP News Today – In the first quarter of the year, XRP struggled to rise but was stuck in the $0.28 – $0.32 range for a long time. The second quarter was better as the cryptocurrency was able to rise above the $0.28 and $0.32 range. It moved as highs as $0.48 at one point before the bulls ran out of steam and the price started to decline significantly. In our previous XRP price analysis, we noted that the price of the token was going to be at risk of lower lows if it lost the support at $0.32. Well, XRP fell below this level and started heading for even lower lows.

XRP (XRP) Price Today – XRP / USD

# Name Price24H %
3
ripple
XRP(XRP)
$0.272
-0.06%

Yesterday, the price of XRP fell significantly closing around $0.32 after opening at $0.344. This reflected a decline by 4.7% against the USD. During the day, the price of XRP attempted a recovery that allowed it to rise from the $0.32 level to the $0.33 level. This indicates a rise by 2.80%. Things were going well for a while until the price of XRP suddenly took another hit falling by more than 3.59% against the USD according to the XRP price analysis. Toward the end of trading yesterday, the price of XRP was able to rise by about 0.57%, after which it fell again by 1.83% giving us the $032 level.

 

It is important to note that many members of the XRP army are currently bullish about XRP. Irrespective of the current price of the token, they believe that it will rise significantly after the pressure mounts up for a while. In fact, the entire altcoin market has been forecasted to rise in the next few months. Traders need to be patient if they want to benefit fully from the altcoin rally when it eventually happens. It’s important to note that there is no way to determine when exactly altcoins will rally or how high they will move.

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

At the time of writing, the price of XRP was 0.318164. This means that it is down by 4.70% against the USD and up by 1.39% against the price of BTC. The trading volume over a 24 hour period is 1,142,288,388 and the market capitalization is 13,543,174,475. The next few days of trading will determine if the price of XRP will start recovering or continue falling.

Share your thoughts about the XRP price prediction 2019 in our XRP news today 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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