XRP’s Rebound From Q1 Support Was The Ultimate Game Changer For The Token, How High Will XRP Go?

ripple xrp price analysis

Ripple and XRP news today – Ripple (XRP) is set to experience more gains as prices rebound from Q1 support. Ripple is up by 2.6%. XRP bounced from close to critical support of $0.27795 faces resistance at $0.3270. A demand at lower levels and a potential range formation might occur if bull defends the next dip towards $0.27795. Regardless, a push down of the XRP/USD pair by the bears below $0.27795 will be very negative. This is as a result of the fact that this support has been holding on for five previous occasions, since December last year. There is minor support at $0.24508. Below this, the downtrend will continue. The moving averages are trending downside and the Relative Strength Index (RSI) is in the negative zone. This demonstrates that the XRP/USD pair is strongly within the bear grip. Before trading is recommended, buyers will have to return and reversal setup has to be formed, as this pair hasn’t performed well in recent events.

Ripple News Today – XRP News Today – XRP Price Prediction 2019 – XRP Prediction 2019 – XRP Moves Above Q1 Support

Ripple has noticeable progress in spite of the dominance of SWIFT. A transition from XCurrent to XRapid by their partners will increase XRP demand as well as boosting the prices above the current 20 Cents centralization. Blockchain will not make any progress on its own. It is more tasking when the startup is aspiring. Ripple is one company which is claiming as a cheaper but complementing platform for SWIFT. ZWIFT has managed to get more banks to join them, all thanks to its efficiency. Due to incessant demands of the contemporary world and in the never-ending improvements on technology, SWIFT, without a doubt, hasn’t risen to the occasion in several aspects.

XRP (XRP) Price Today – XRP / USD

#NamePrice24H %
3
ripple
XRP(XRP)
$0.218
-0.78%

Because of the speedy, secure, and inexpensive solutions they proffer, ripple should be a perfect option for traders from a theoretical point of view. But this isn’t the case. Although there is progress. Currently, ripple has a footprint in Far Asia with the SBI group owned by Yoshitaka Kitao, doing the very best to see its success in that part of the continent.

In Middle East Asia, The Saudi Arabia Monetary Authority (SAMA), is elevating Ripple’s status by promoting their solutions to local banks. This is coming after successful piloting of xCurrent by SAMA. As at the time of writing, XRP prices have increased by 2.6% in 24 hours. XRP is bullish with Q1 support at 30 cents being a significant figure. This is as a result of the buyers’ resilience in the past couple of days.

Cryptocurrency Market Update – Cryptocurrency News Today – Cryptocurrency Latest Update – Ripple News Today – XRP Price Prediction 2019 – XRP Prediction 2019

The combined market capitalization of all cryptocurrencies is currently at around $282 billion, and the daily trading volume is around $67 billion at press time. Today, digital currency Zcash (ZEC) took a new shape as it split into a new blockchain know as Ycash, whose total supply amounts to 21 million coins. ZEC is currently the 24th major crypto coin, trading at around $74.

Bitcoin, on the other hand, is still hovering above the $10,000 mark and is currently trading at around $10,412 at press time. It has lost 2.14% today, while its weekly total loss has amounted to about 10%.

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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