XRP Price Moves Near Inflection Point As Bear Pressure Intensifies, What’s Next For XRP?

Ripple News Today – XRP has had better days. In the beginning of the year, as the price of XRP and all the other cryptocurrencies started moving upward, everyone was certain that the cryptocurrency winter had come to an end and the rest of 2019 would be marked by a bullish turnaround. For months, almost all the XRP predictions on XRP news sites were about how the XRP price prediction 2019 was going to retain bullish momentum for the benefit of every digital asset investor. Unfortunately, with the current downtrend in the market, there is no guarantee that the price of XRP is going to close bullish by the end of the year. What happened to XRP and what comes next for XRP?

XRP News Today – XRP Price Prediction 2019 – XRP Prediction 2019 – Ripple News – What’s In Store For XRP

In our previous XRP price prediction, we noted that the price of XRP was going to suffer significant losses if it failed to hold its ground above the $0.34 level. Unfortunately, as Bitcoin lost the psychological support at $10,600, altcoins started to bleed out including XRP. It’s difficult to explain why XRP typically follows Bitcoin when it takes a downturn but crawls when the price of the flagship cryptocurrency is rising (a story for another article).

As stated in our XRP price prediction yesterday, the price of XRP fell below the $0.3400 level and has been declining steadily since then. It also lost the support at $0.3175 and found strong resistance at $0.3200. At one point during yesterday’s trading session, the price of XRP fell below the $0.300 forming resistance at $0.3175. It came so near to the $0.2944 level before the bulls showed up and drove the price higher above the resistance at $0.3175.

XRP (XRP) Price Today – XRP / USD

#NamePrice24H %
3
ripple
XRP(XRP)
$0.292
1.01%

A few hours ago, the price of XRP was able to move as high as $0.3200 where it settled for a while. Unfortunately, the bears showed up again and drove the price of XRP below this same level. If the bulls had managed to maintain the momentum above $0.3200, the price would have surged as high as $0.3500 near-term.

XRP News Today – Ripple News Today – XRP Price Forecast – Current Price Of XRP

At the time of writing, the price of XRP was $0.310943. This means that it is down by 1.75% against the USD but up by 2.96% against the price of BTC. The trading volume over a 24 hour period is $1,659,189,050 and the market capitalization is $13,235,792,608. If the third largest cryptocurrency per market capitalization is unable to recover above its current levels, it will fall back to the support at $0.3000. This would be followed by a drop to the support at $0.2950. On the other hand, XRP will face resistance at $0.3150, $0.3175 and $0.3200.

Right now, altcoins are bleeding out but Bitcoin is suffering as well. As you can see from the current price of XRP, it is currently outperforming Bitcoin and no one knows when it will gather momentum. Long-term traders are waiting out the storm but short-term traders are selling off and intensifying the bear market.

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