Ripple (XRP) Struggling To Move Out Of Recent Lowest Dip As BTC Recovers

Ripple XRP Price Prediction

Ripple News Today – The Cryptocurrency market has been seriously hit by bears and a lot of coins have been having a rough time pulling through. The XRP has had it unusually rough as it has been in a dive for some time now. The price of the XRP fell to the Bitcoin to a value of 0.000025 bitcoin. This is the lowest pairing for Ripple since September 2017, showing a drop of close to 90 percent.

Ripple News Today – XRP News Today – XRP Price Analysis – Cryptocurrency Latest Update – XRP Price Struggles

Ripple XRP looks to have fallen from its lofty position since its inception. The XRP has dropped by close to 92 percent from its all-time high of $3.65 while the market cap value represents 4.3% of the whole cryptocurrency market. This value is a drop from its onetime value about 10 percent when it was the second-largest project based on market cap. The last couple of months haven’t been good to XRP, with the cryptocurrency market seeing serious bearish pressure.

XRP (XRP) Price Today – XRP / USD

#NamePrice24H %
3
ripple
XRP(XRP)
$0.275
-1.05%

XRP news today learned that some factors may be contributing to the present downhill position of the XRP. One reason seems to be the present lawsuit against Ripple. The lawsuit claims that Ripple sold batches of XRP as unlicensed securities. The second factor given for the XRP’s decline is the uncertainty regarding the huge amount of XRP Ripple regularly introduces into the market. These may affect the XRP prediction 2019 though regardless of these pressures, Ripple XRP has continued to forge forward and remains the third-ranked cryptocurrency coin in the market.

Ripple News Today – XRP News Today – XRP Price Prediction – XRP’s Future Looks Uncertain

The start of August saw the XRP hit hard and the coin fell below the support level that had held it strong since the beginning of the year. The $0.30 was a strong support level but couldn’t hold the XRP as it fell to $0.258. There was a slight reprieve and the coin rose to $0.28 as the bulls hope to push the XRP back to the $0.30 support level.

Even though the XRP may be going through a rough couple of months, the XRP price prediction 2019 favors the coin coming out of the bearish zone and gaining in price value. The Return On Investment for the XRP is 4,689.36%, showing that the XRP is still a viable asset that any digital asset investor would still trade. The 24-hour trading volume stands at over $1.25 billion while the market cap is $12 billion. Ripple recently announced that it was investing one billion XRP into a content platform called Coil. This move is in an attempt to help the platform increase in value.

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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