Analyst Explains Why XRP Is Primed for Bullish Recovery In The Next Few Months

Ripple joins Blockchain Capital VC Fund with XRP investment worth $25 million price

Ripple XRP, like every other cryptocurrency, is bowing to the pressure from bearish trends in the market. Like a little kid holding his big brother’s hand, Ripple XRP seems to be following the two top players in the cryptocurrency market. With the dip in the price of Bitcoin BTC and Ethereum, Ripple XRP has also bent to the law of bearish physics. Ripple price dropped to $0.29 in the last 48 hours.

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

Across the cryptocurrency market, there was broad selling pressure and the XRP was no exception. Ripple XRP news today gathered from the CEO of Ripple that it was advisable for the cryptocurrency industry to work together with the traditional institution to achieve success. This statement came in response to the US government’s stand on Facebook Libra and the cryptocurrency market as a whole. In a series of tweets, the Ripple CEO agreed with other analysts that it was almost impossible for the cryptocurrency industry to replace the traditional currency in the financial structure of the world.

XRP (XRP) Price Today – XRP / USD

# Name Price24H %
3
ripple
XRP(XRP)
$0.273
0.681%

Ripple XRP made a minute improvement when the price rose incrementally to touch $0.30. The XRP struggled at this make but succumbed to bearish pressure and fell below $0.30. Ripple XRP price prediction gives the nearest resistance level at $0.35. Above this level is another resistance level at $0.3612 and $0.3670. The resistance of $0.38 is the highest of the resistance level and can be very difficult to surmount.

Working at the other end, analysts see a Ripple price prediction of $0.33 as the support level. Beneath this level is the next support level of $0.32, followed by $0.31. This support level is expected to be strong. Should the price fall below this support level, the XRP will begin to see a massive dip in the price value of the coin.

Ripple News Today – XRP Price Prediction – XRP News Today – XRP Stands On A Threshold

Ripple XRP has a market cap of $13 billion and the 24-hour volume stands at $3 billion. There are over 42 billion XRP in circulation. The relative strength index is at 40 while the MACD is in the negative. Ripple XRP price prediction remains optimistic that the XRP will sail through the turbulent areas.

The future of Ripple XRP and the cryptocurrency market has two camps as some crypto experts believe that the cryptocurrency industry will suffer a now that will push the cryptocurrency market out of existence. This camp of experts believes that the cryptocurrency industry can be influenced by the government. Facebook Libra has become the postal child for anything bad or potentially bad in cryptocurrency.

The other experts and analysts believe that the cryptocurrency industry cannot be cracked down as the term cryptocurrency means it doesn’t do business the same way traditional financial structures operate. They countered the argument of stern laws by policymakers to cripple the cryptocurrency market as not feasible. The analysts say that the policy could make running a cryptocurrency network difficult but they all agreed that cryptocurrency cannot go away since it wasn’t a physical institution.

What do you think about the future of XRP? Share your thoughts 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.

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