XRP Investors Ask Questions As XRP Price Breaks Below 30 Cents

The recent price trend of XRP has raised concerns among XRP investors and traders. The price of XRP has been stagnant over the past week. Bitcoin (BTC) – the king of crypto – has been the only digital currency amassing considerable gains over the past week. The price of XRP and other digital currencies have been in a tight range. One of the worst performers so far is Litecoin. Since the Litecoin halving event, the price of the digital currency is been heading downwards only. LTC USD price plunged by more than 23 percent since the halving event, causing the coin to give up its position as the fourth-largest digital currency by market cap.

Litecoin (LTC) is not the only coin suffering this loss; XRP is also in the same boat. The poor performance of XRP has led XRP HODLers to ask if they are to remain patient or dish the coin for another. XRP is currently the third-largest digital currency by market cap.

XRP (XRP) Price Today – XRP / USD

# Name Price24H %
3
ripple
XRP(XRP)
$0.264
-0.73%

XRP Price Analysis – XRP Price Prediction – Cryptocurrency News Today – Cryptocurrency Market Update

The price of XRP has been dropping for a long time now, according to the candlestick chart of XRP against the US dollar. The daily relative strength index (for ten periods) is at 37.21 and it is heading north. XRP USD price just plunged below the 30 cents mark, which has been the strong support level of XRP. This has raised concerns in the crypto space among XRP investors. The Relative Strength Index of the coin is also indicating that the price of XRP might continue to plunge below that level next week.

The digital currency is currently under bearish pressure. At the press time, XRP USD live price is $0.2988 The immediate resistance of the digital currency is at the 30 cents level. However, the major hurdle is at the 33 and 34 cents mark. XRP USD price has not been able to cross that level for over a week now. On the other hand, the 28 cents mark is acting as support for the digital currency. A break below that level will pave the way for more losses towards the 25 cents mark. However, this is unlikely to happen due to the bullish XRP news and development around the coin.

MoneyGram Is Now Using xRapid to Process Transactions – XRP News Today – Cryptocurrency News Today – Crypto Market Update

MoneyGram just started using one of Ripple’s products – xRapid – to process transactions. xRapid is an XRP-powered cross-border payment platform owned by Ripple –  the parent firm of XRP. More banks and financial institutions around the world are piling up to come on board to use Ripple’s payment solutions. However, all these bullish news and development has had very little or no effect on the price of XRP yet. XRP investors are now concerned, asking if they should continue to remain patient or not.

The effect of the partnership is yet to be seen, even though MoneyGram – number two in the world of money transfers – has millions of customers they serve all over the world. Brad Garlinghouse – the CEO of Ripple – recently talked about how Ripple plans to work hand-in-hand with regulators and governments. Would this help the price of XRP to grow? Will XRP test its all-time highs again?

Brian Lubin is a Crypto News Reporter for Smartereum. He's well-known for his reports on the crypto markets.

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