Does XRP Have A Future? XRP Price Bounces Back But The Bears Still Have Control Of The Market

XRP Prediction 2019 – XRP, just like other altcoins, has had a difficult time in the last few months. In fact, since the beginning of the year, the price of XRP has been on a rollercoaster ride. Currently, things are worse than they were in January. Yesterday, the price of XRP bounced higher reassuring every digital asset investor that all hope isn’t lost yet and that the XRP price prediction 2019 is still bullish. However, the surge in the price of XRP may not last. According to the XRP price prediction on NewsBTC, there is still strong bearish pressure for XRP.

XRP Price Prediction 2019 – XRP Prediction 2019 – Ripple News Today – XRP News Today – Digital Asset Investors Beware Of XRP Bears

A few days ago, the price of XRP fell as low as $0.25 amid the market sell-off. This was a significant decline from the all-important $0.30 level which it managed to hold for months. Every digital asset investor with XRP was discouraged when the price of XRP fell. It is important to note that the $0.30 level was also the 2018 support level. This was why the slide was a setback for XRP and it was disheartening to digital asset investors.

Right now, the price of XRP has found support at $0.25. It was able to rise a little to the $0.265 level yesterday but the XRP price charts reveal that it is will still move lower in the next few trading sections. The support at $0.25 is currently strong and has prevented lower lows against the USD. While every other altcoin is falling, the XRP token is the only one that is currently trading below its 2018 support levels. This is discouraging when you consider the fact that the price of XRP almost reached $4 during the 2017/2018 cryptocurrency bull run.

XRP (XRP) Price Today – XRP / USD

# Name Price24H %
3
ripple
XRP(XRP)
$0.255
-0.19%

Right now, it is difficult to determine the exact cause of the fall in the price of XRP. Some investors have suggested that the cryptocurrency is falling because of growing regulatory concerns while others have said that Ripple is deliberately manipulating the price of the XRP token for the benefit of institutional investors and to the detriment of the retail digital asset investor.

Yesterday, on Twitter, one of the popular cryptocurrency analysts called Cryptomist said that the fall in the price of XRP below the 2018 support level is a sure sign that lower lows are inevitable. In his words;

“$XRP: Relieved I sold last week! 🙂 Support from August 2018 has now broken. However, I am adding some here as we potentially have a falling wedge here. Breakout would test previous support,” she explained while referencing the below chart.

XRP Price Prediction 2019 – XRP Prediction 2019 – XRP News Today – Current Price Of XRP

At the time of writing, the price of XRP was $0.280385. This means that it is up by 5.59% against the USD and up by 5.10% against the price of BTC. The recovery is good but a surge above the $0.30 level is required to break the bear grip. The trading volume over a 24 hour period is $1,081,858,064 and the market capitalization is $12,025,892,575. The next few trading sessions will determine if the price action will change.

What do you think about the XRP price prediction 2019 in our XRP news today? 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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