XRP Price Bounces Back Rising Against Bitcoin (BTC), How High Will XRP Go?

ripple xrp price analysis

Ripple News Today – As a digital assets investor, you’ve probably been paying attention to the current trends in the cryptocurrency market. The entire cryptocurrency space has been on a losing streak for the past two weeks with bullish rallies being countered by bearish pressure. XRP has been sliding lower with the rest of the market irrespective of the positive XRP price prediction 2019, the price of the third largest cryptocurrency per market capitalization has been falling. XRP has moved back to the poor $0.28 – $0.33 range which it struggled to move away from many weeks ago. Thankfully, this morning, the price of XRP started rising against the price of Bitcoin.

XRP Price Analysis – XRP Price Prediction 2019 – XRP Prediction 2019 – XRP Outperformed Bitcoin

Yesterday, the price of XRP opened at $0.3235 and this was a good thing because it was followed by three major upward surges that took it as high as $0.3078 before the bears emerged and pushed the price lower. At first, XRP was rising along with the flagship cryptocurrency Bitcoin. Bitcoin surged above the $10,000 level carrying most cryptocurrencies along. However, the bull run was followed by a price correction that took the price of Bitcoin lower.

Yesterday, the price of XRP was by over 3.22% by the end of the day. The fact that XRP was able to gather the bullish momentum required to move above the 5-day simple moving average was encouraging giving the market trend over the last few weeks. This morning, there was another spike for XRP which was followed by a minor correction. It is important to note that even if the price of XRP is up by 3% over the last 24 hours, it is still down by 15.53% from its 50 day moving average at $0.38830.

XRP News Today – Ripple News Today – XRP Price Prediction 2019 – XRP Prediction 2019 – XRP Current Update

Right now, the most significant resistance for the price of XRP is at $0.33 while the most significant support is at $0.30. If the price of XRP is able to move above the resistance at $0.33, it will surge as high as $0.34. Holding the $0.34 level is the only way to avoid more loses against the USD. While the price of XRP is currently in the bullish zone, it is still highly volatile. The relative strength index is around 50 with key support levels at $0.3100 and $0.30.

XRP (XRP) Price Today – XRP / USD

#NamePrice24H %
3
ripple
XRP(XRP)
$0.220
0.568%

At the time of writing, the price of XRP was $0.320950. This means that it is up by 2.32% against the USD and down by 0.84% against Bitcoin. The bullish momentum that XRP had to outperform Bitcoin has plummeted. The trading volume over a 24 hour period is $1,100,289,272 and the market capitalization is $13,747,174,512. The next few days of trading will determine if the price action will change or not.

What do you think about the current price action of XRP? Will things change? 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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