XRP Finds Strong Support at the 31 Cents Mark As BTC, ETH, And Others Plunge Heavily

The recent price trend in the crypto market is somewhat surprising as almost all coins in the market have been plunging over the past week. Bitcoin (BTC), which recently experienced a sharp price rally without carrying the altcoins market along, is also down by a significant fraction. Yesterday, Bitcoin (BTC) was managing to hold gains over the $11,400 mark.

However, as the new week kicks off, Bitcoin is now struggling around the $10k mark. BTC USD price has plunged by more than 10 percent over the past twenty-four hours. Bitcoin (BTC) is not the only digital currency suffering this lose, almost all the cryptocurrencies in the market are in this boat. However, there is one digital currency that has not plunged as heavily as others, and that’s XRP (XRP).

XRP (XRP) is the third largest digital currency by market cap according to CoinMarketCap. XRP has also been experiencing a slight decrease in price. However, the price of XRP is held by a crucial support level, preventing massive losses like other coins.

Cryptocurrencies Experience Heavy Dip While XRP Holds the 31 Cents Mark – XRP Price Prediction 2019

XRP has put up a pretty impressive performance compared to the moves of other coins in the market. At the press time, the second largest digital currency by market cap – Ethereum (ETH) – is down by more than 17 percent over the past twenty-four hours. At the time of writing, ETH USD live price is $220. The market cap of Ethereum has also dropped to $23.58 billion. The price of Bitcoin Cash (BCH) is down by 18 percent, leaving BCH USD price at $280. Bitcoin SV is now trading at $118 after a decrease of about 22 percent over the past twenty-four hours.

XRP is the only digital currency among the top twenty that is holding on to major support. This is not entirely surprising, as XRP usually doesn’t follow general crypto trends.

XRP Price Analysis – XRP Price Prediction 2019 – XRP News Today – Cryptocurrency News Today – Crypto News Update

The price of XRP has been in a bearish territory against Bitcoin (BTC) and the US dollar. However, it has been holding its ground against the massive corrections in the market. Nevertheless, the price of XRP might continue to plunge lower as there are no signs of upward movement at the press time. When the massive plunge started earlier today, the prices of Ethereum and Bitcoin (BTC) plunged heavily but XRP USD remained strong over the 32 cents support level.

The bearish wave was so strong and XRP USD price plunged below the 30 cents mark and tested a new monthly low of $0.2955. After testing that level, XRP USD price starting correcting higher again. The price of XRP surged higher and broke the $0.3050 and $0.3100 resistance levels. XRP is now trading over the 31 cents mark. The immediate hurdle of the coin is the 32 cents mark. On the other side, XRP USD price seems to be supported at the 30 cents mark, while the 31 cents level is acting as the immediate support.

XRP (XRP) Price Today – XRP / USD

# Name Price24H %
3
ripple
XRP(XRP)
$0.274
-4.00%

At the press time, XRP USD live price is $0.3120 after a decrease of about five percent over the past twenty-four hours. The current market cap of the digital currency is $13.28 billion. The trading volume of XRP over the past twenty-four hours is $1.75 billion.

Princess Ogono is a writer, lawyer and fitness enthusiast. She believes cryptocurrencies are the future. When she's not writing, she spends time with her adorable cat, Ginger and works out often.

Leave a Reply

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