The road ahead for the cryptocurrency seems paved with disappointment and hardship. Almost all the coins seem prone to the bearish pressure pressing on the industry. There is a trend of selling this period and it has cut across the whole cryptocurrency industry. A ray of sunshine shines through on Ripple XRP as the coin seems to be getting ready to shrug off the bearish weight from its shoulders.
Ripple News Today – XRP News Today – XRP Moves Ahead The Of Other Cryptocurrencies
The Ripple XRP traded low and broke the support level at $0.2940. The XRP swung low at $0.2833 but began to show signs of a correction in the upward direction. The XRP price analysis shows a recovery starting when the coin broke above the resistance level of $0.2940 and $0.3000. This week’s bearish trend was halted at the $0.3040 mark and this move opened the door for gains to occur above the $0.3150 resistance.
XRP (XRP) Price Today – XRP / USD
With the recent activity by the XRP, analysts are looking at a Ripple XRP price prediction that shows bids that are near the $0.3040 and $0.3050 levels. Should the XRP break above the $0.3240, Ripple XRP could see its price increase in the future. The current XRP price stands at $0.3116 with a market cap of $31 billion. There are over 42 billion XRP in circulation and the ROI (return on investment) is 5,228.12%. The 24-hour volume stands at $2.4 billion and the relative strength index is 50 with a bullish trend showing.
Ripple news today acknowledged that the third cryptocurrency in the market was one of the few coins showing a bullish trend. Analysts show an XRP price prediction favoring a rise in the price of Ripple XRP should the bullish trend continue. Though there are resistance levels at $0.3200 and $0.3250, the bullish trend may be able to push Ripple XRP into calmer waters.
Ripple News Today – XRP Price Prediction 2019 – XRP News Today – Ripple XRP Needs To Hold On To The Bull By The Horn
The major support levels for Ripple XRP are $0.3050, $0.3040 and $0.3000 while the resistance levels are $0.3230, $0.3240 and $0.3220, while the hourly MACD shows a bullish trend. Ripple XRP SMA at 50 show support at $0.3103 while the 100 SMA show growth hindrance at $0.32. Trading experts advocate a Ripple XRP price prediction of an upward rise based on the information.
Ripple latest update learned that Paypal was launching its mobile app called Xoom, which many believed would be a stiff competition to Ripple. The Xoom app would be targeting the European market and would provide fund transfers across borders that are faster and more effective. The Xoom app would serve about 30 countries and give them the means of sending funds to over 130 other countries. Ripple news today learned that countries like India that frowned on cryptocurrency used the Ripple system in most of the banks.
Ripple is known for its professional standard and efficient solutions. Its platforms are capable of handling all types of transaction. This makes it a highly sort after solution for banks and financial institutions as the Ripple platform acts as a bridge between the fiat currency and cryptocurrency.