Latest XRP Price Predictions — Is it on the Verge of Bigger Drop in the Next Few Days?

📰 News
Sat, 11/09/2019 - 14:54
Put your
crypto to
work
  • 1.30

    Interest per week

  • 67.5

    Interest per year

  • 3.60

    Interest rate

Join Now!
Sponsored by Celsius.Network
  • {{ content.field_content_author|field_value|getauthorname|raw }}

    We've collected the opinions of analysts from Trading View on XRP. They turned out to be quite controversial.

Cover image via U.Today
3Commas
3Commas

Yesterday's price drop for Bitcoin (BTC) pulled down the entire cryptocurrency market. Ripple (XRP) was also no exception to this recent pull down. For many trading view analysts, such a move was not surprising because it was predicted. However, there are so many individuals on opposite sides of the fence expressing their opinions.

The End is Near for XRP!

Popular Trading View blogger TradingAlchemist predicts a collapse in price for XRP to the level of $0.265. He also notes that before this movement, there will be possibly be a slight increase to the support zone. Since the November 8th forecast publication, the price of XRP has moving exactly along those lines.

XRP/USD Charts by TradingView
XRP/USD chart by TradingView

Another analyst nicknamed CryptoMobster believes that the price of XRP will continue to drop even further to around $0.24. Even the Swell Conference did not help Ripple regain momentum and change direction, indicating the approaching free fall for the coin.

Must Read
Ripple-Backed MoneyGram CEO on XRP: We’re Able to Settle Billions of USD in Seconds via ODL - READ MORE

An Opposing View

The popular blogger classic87 has a different perspective on the matter. Based on his research, plots from previous years using the Fibonacci channel, classic87 believes that explosive growth should not be expected in the near future. Instead, XRP will go to the Moon during medium- and long-term growth periods!

XRP/USD chart by TradingView
XRP/USD chart by TradingView

As always, the opinions of analysts will be divisive - some will expect a fall in price, while others will expect a rise in price. However, Ripple's managers are doing everything they can to keep the coin afloat. We shall continue to watch this cryptocurrency's price changes and capitalization.

What do you think? Will XRP's price drop even lower? Don’t be shy to voice your opinion. Leave your comments down below!

{{ content.field_content_author|field_value|getauthorname|raw }}

About the author

Starting with a simple interest in cryptocurrency, over the past two years, Denis has worked in a cryptocurrency fund and become an author with an analytical bias. His engineering degree helps with the analysis of the technical part of the cryptocurrency market. As a fan of cryptocurrency, Denis believes that the blockchain technology is the future.

3Commas
3Commas
Recommended articles
Bitcoin (BTC) is What DeFi Makers Want to Build on: Anthony Pompliano

Bitcoin (BTC) is What DeFi Makers Want to Build on: Anthony Pompliano

This Bitcoin Technical Formation Makes $7,500 Likely in Short-Term: Trader

This Bitcoin Technical Formation Makes $7,500 Likely in Short-Term: Trader

XRP/USD Pair Added to Binance.US App as XRP’s Liquidity Increases

XRP/USD Pair Added to Binance.US App as XRP’s Liquidity Increases