Will XRP (XRP) Continue to Hold The 31 Cents Support Level or Is There an Imminent Breakout Coming Soon?

A lot of digital currencies are now in a recovery phase after the recent massive plunge in the market. The recent dip saw a lot of digital currencies test a new monthly low, as some cryptos lost more than 30 percent of the values they amassed during the last crypto bull run. Bitcoin (BTC) suffered a huge loss. The price of Bitcoin (BTC) plunged from the $12,800 level to the $10k level. However, during the massive plunge, XRP was able to hold gains over a crucial support level to prevent heavy loss. XRP USD price maintained gains over the 30 cents level and it experienced one of the lowest dips during the recent price plunge.

Best and Worst Performers – Best Cryptocurrency to Invest in 2019

Digital asset investors are still scouting for the best cryptocurrency to in 2019. While the search for the best cryptocurrency 2019 is on, the recent price performance of many digital currencies in the market is not impressive. Among the top cryptos, the worst performer over the past week is Bitcoin SV. The price of Bitcoin SV is down by almost 40 percent over the past seven days. The second highest loser among the top cryptos is Ethereum (ETH), which is down by almost 30 percent. The next on the list is Litecoin (LTC). The price of Litecoin (LTC) is down by about 28 percent over the past seven days. However, the third largest digital currency by market cap is down by about 20 percent over the past seven days.

XRP Price Analysis – XRP Price Prediction 2019 – XRP Price Forecast – Best Cryptocurrency to Invest in 2019 – XRP News Today

The price of XRP is gradually recovering against the USD. Against Bitcoin (BTC), the price of XRP has surged by more than 10 percent over the past day. XRP USD price is now facing a stiff hurdle on the upside. The price of XRP recently plunged below the 32 cents mark. The bears outperformed the bulls and XRP USD price continued its downward trend below the 30 cents mark and settled beneath the 100-hourly simple moving average.

The digital currency formed a new swing low close to the 29 cents mark before it started correcting higher. XRP USD price started an upward rally and broke over the $0.3040 and $0.3050 support levels. XRP also broke over the 23.6 percent Fibonacci retracement level of the previous swing from the high of $0.3505 to the low of $0.2959. Nevertheless, the digital currency is facing strong resistance at the 32 cents level.

At the moment, the bulls are struggling to gain momentum over the bearish trendline with hurdle at the $0.3185 on the one-hour chart of the digital currency. However, with the current trend int eh market, the bulls are likely to gain momentum over that level and break the 32 cents resistance level and the 100-hourly simple moving average in the short-term. The price of XRP could recover towards the 35 cents mark soon.

XRP (XRP) Price Today – XRP / USD

#NamePrice24H %
3
ripple
XRP(XRP)
$0.291
0.984%

At the press time, XRP USD live price is $0.3149 after an increase of about one percent over the past twenty-four hours. The current market cap of the digital currency is $13.40 billion. The trading volume of the digital currency over the past twenty-four hours is $1.27 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.

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