XRP Down By 4% Following Decent Recovery, What Next For XRP?

In our Ripple news today, Ripple (XRP) price climbed up above the $0.3200 but could not go higher against the Dollar. The price hovered around the $0.3240 region but has gone down to $0.3200 in a recent decline. There was an upside correction in Ripple price yesterday that lasted for just a short period. The price was above the $0.3150 resistance against the Dollar.

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

Although the XRP/USD pair broke the resistance level at $0.3200, the pair was observed to struggle in gaining enough momentum above $0.3230 and peaked just below the $0.3240 mark — forming a swing at $0.3239, which recently went down to $0.3200. From the Data analysis given by Kraken, a break was observed under the contracting triangle, having support close to $0.3160 on the XRP/USD hourly chart. The XRP price at the time of writing is currently under pressure and is speculated to go below $0.3080 in the coming hours. In XRP price analysis, Ripple price looks like it is back on the bearish zone against the American Dollar and Bitcoin.

Again, XRP price is at the verge of incurring more loses and might go below the $0.3030 support zone in a short while. However, a break below the 50% Fib retracement level was observed; an upward move from the $0.3027 low to $0.3239 high. The price is currently trading below the $0.3200 level. There was also a break below a contracting triangle with a Support close to $0.3160, observed on the hourly chart of the XRP/USD pair. Currently, the pair trades a little bit above the $0.3080 support. The 76.4% Fib retracement level moved from the $0.3027 low to $0.3239 high.

XRP (XRP) Price Today – XRP / USD

#NamePrice24H %
3
ripple
XRP(XRP)
$0.220
0.675%

It is easily predictable that more downsides could break the $0.3050 support level. In the coming sessions, the price might test at the $0.2980 support region as a result of the potential risk of a downside break below the $0.3030 and $0.3020 support levels. The price will struggle to breach the $0.3150 resistance level if an upside correction occurs. By studying the charts, it can be deduced that XRP price looks like it is back in the bearish zone below the support levels at $0.3200 and $0.3150 respectively. Hence, chances that more loses will occur below the $0.3080 and $0.3050 supports are quite high. If the bears continue to dominate, XRP price may observe a weekly low below $0.2980.

Ripple Price Prediction – What are the Market Predictions for Ripple (XRP)? – XRP Price Prediction

Below is a list of the top Ripple (XRP) price predictions in 2019:

According to Ripple coin news, the XRP coin may be valued between $8 to $10 by the end of 2019. Their prediction is based on the fact that the technological advantages Ripple possesses is already having a strong effect on its activities in the cryptocurrency world. Additionally, Ripple technologies are now finding functions in the real world.

Investinheaven predicts the Ripple coin to be valued at $20 before 2020, due to its xRapid technology implementation and partnership with financial institutions.

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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