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Ripple Price Prediction 2019: XRP Is Running on the Edge – Experts Don’t Rush to Make Loud Statements

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Ripple Price Prediction 2019: XRP Is Running on the Edge – Experts Don’t Rush to Make Loud Statements
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Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

Contents

Being the second largest cryptocurrency by market cap after Bitcoin, Ripple continues making waves. Even though it has managed to survive through the crypto winter that seems to last forever, XRP is also prone to price fluctuations. Crypto pundits argue about Ripple price predictions 2019, and amateur crypto analysts from tradingview.com have their own opinion.

Here’s what they think about Ripple price 2019.


Xuanhaimmoer: Nice pullback but be careful

At the end of January 2019, Ripple has made a leap from $0.29 to $0.33. However, the user called Xuanhaimmoer warned that positive tendencies can be misleading. He commented:

If XRP/ETH break down neckline of Head and Shoulders pattern as below image so we may see the market cap of ETH will be the second rank; when people sell XRP to ETH

Don’t rush to make very positive Ripple predictions in the short run
Ripple price 2019 analysis from Xuanhaimmoer

Ripple is going through a pump and dump period, so it’s in the danger zone. In the short run, it means we shouldn’t expect the XRP price to rise considerably.

Coinkilavuz: XRP should stay above $0.299

This user proposed the idea that if Ripple stays on the level above $0.299, we should expect it to target the $0.324 level. $0.299 is the support threshold. This is exactly what happened at the end of January, and the pattern can repeat.

Ripple’s support level is $0.299
Ripple price 2019 analysis from Coinkilavuz

Botje11: Ripple makes a fake rally

The analyst from the Netherlands says his bullish views are getting fragile. On January 31st, Ripple made a good rally with several waves pumping its value. But since Bitcoin dropped by 50 points, it affected XRP and decreased the rally by 50%. Although it is still above the support line, such changes are suspicious – there’s a big chance of a break. Litecoin followed the same path: it got into a bear trap before going through the bull period.  Thus, Botje11 thinks that Ripple will stay at $0.3 level.

Ripple is expected to stay at its current levels with minor corrections
Ripple price short-term prediction 2019

Tradeformula: XRP is through transition times

This user makes a series of videos about Ripple’s transition from the bear market to the bull market. Recently, SWIFT announced working with R3, the technology that will provide world companies with a smart contract technology for money transfers. This event promises to trigger Ripple growth.

According to Tradeformula, Ripple can make the shift from $7 to $20 this year, which sounds unrealistic – other users comment that even $1 would be a great achievement for 2019.

Wave-Trader: Buy now or watch for a lower low

The user from the UK says that Ripple is on the bottom, but the bullish trend is yet to come. He provides a chart for traders and gives the following instruction:

  1. Watch for the strong breakup and look for buying opportunities.

Or

  1. Let the price test the previous bottom or let it form new low then look for buy from the new low.

Ripple price can double in two months
Ripple price 2019 analysis

No doubt, Ripple has a huge potential considering the huge number of corporate investors and companies willing to exploit its technology. However, the market is still under the bears’ grip, so it’s not clear when Ripple will overcome the $0.34 threshold and even double its value.

Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

In this Telegram channel you’ll find fresh news, interviews, infographics, forecasts & other helpful stuff. Join U.Today's channel.
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Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

Contents

The cryptocurrency market did not follow the scenario of last week and keeps trading near the zone of local maxima. Since the next pullback has not occurred and the growth continues, we can safely talk about the resumption of the qualitative upward trend.

At the same time, CME data show a decline in interest of investors involvement in Bitcoin futures.


As altcoins have recovered, BTC’s domination rate reduced and now is 52%.

BTC/USD

Technical analysis of Bitcoin shows moving to an important resistance level of $6,000. In the case of continued growth and breakdown of the upper boundary of the channel, we should expect the resumption of a full-fledged upward movement. In this regard, the RSI Prediction Band also indicates bullish tendencies.  

 BTC/USD chart by tradingview

Based on a 4-hour chart technical analysis indicates the formation of the Triangle pattern, which shows that BTC is unlikely to move below $5,250. In the case of the breakdown of the upper boundary of the model and closure above $5,500, one can expect continued growth with a potential goal of $5,700. An additional signal here is the test of the support line on the Relative Strength Indicator (RSI).

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The price of BTC is trading at $5,292.45 at the time of writing.

ETH/USD

The main altcoin synchronously with Bitcoin at night showed positive dynamics, as its price increased by more than 3%. The ETH/USD pair pushed away from the support of the 200th EMA at the level of $155 and rapidly soared above the fast 50th EMA at the area of $165.

ETH/USD chart by tradingview

One more resistance area is located at $174, the break of which will push the asset closer to a psychological zone of $190.00. A breakout of this level will indicate confirmation of a rise in
ETH/USD quotes.

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The price of ETH is trading at $171.63 at the time of writing.

XRP/USD

Among the top 3 coins, Ripple has shown the biggest growth over the past 24 hours. Investors and traders are showing interest in the coin, as its market capitalization has increased by around $300 million over the last day.

XRP/USD chart by tradingview

Taking into consideration a technical point of view, Fibonacci retracement shows a consolidation in the green area (61.8%) at $0.343, which serves a consolidation zone. The RSI indicator does not demonstrate the overbought and XRP has enough strength to conquer one more resistance level at $0.35. If the crypto market continues its bullish trend, Ripple will be able to come back to its previous highs.

The price of XRP is trading at $0.3396 at the time of writing.

'Illustration of the labyrinth on a black background' image by 123rf.

'Illustration of the labyrinth on a black background' image by 123rf https://ru.123rf.com/photo_10420402_illustration-of-the-labyrinth-on-a-black-background.html?downloaded=1
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