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XRP Price Prediction: Will XRP Break $0.35 Resistance? No Silver Lining in the Cloud Is Found
XRP Price Prediction: Will XRP Break $0.35 Resistance? No Silver Lining in the Cloud Is Found

Ripple Price Prediction - Ripple (XRP) Plunges as 2018 Ends with Coin Showing Positive Prospects for 2019

  • Yuri Molchan
    📰 News

    As 2018 is drawing to an end, the crypto market is declining after a short bullish break, with XRP in the red, following its peers

Ripple (XRP) Plunges as 2018 Ends with Coin Showing Positive Prospects for 2019
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After the short bullish break the crypto market has had recently, a lot of coins on the top-100 list are depreciating at the moment. On the top-10 list there are only five gainers: Ethereum, Bitcoin Cash, EOS, Tether and Tron. BCH is the top-gainer among them, showing a 1.98-percent rise.

XRP market is dominated by sellers

In spite of the numerous partnerships that Ripple initiated this year with various global banks and payment systems, the overall bearish market still tells XRP and other coins to go down.

At the time of writing, XRP is trading at $0.37, showing a drop by 1.15 percent.

Compared to December 24, the XRP market cap has declined by over $1 bln, now equaling $15 221 356 822. The coin’s trading volume has decreased by over $1 bln as well, now totalling $720 399 452 versus $1 688 430 313 on December 24.

Where XRP is traded most

As per CoinMarketCap, the number 1 market for XRP trading is currently Japanese exchange Bitbank, providing 12.20 percent of XRP trading (against the JPY), which is $103 680 266 per 24 hours.

Next comes the Upbit platform (9.35 percent), trading XRP against the KRW. Binance is in position #6, which is 6.03 percent paired with USDT. However, this data does not seem to take into account the fact that Binance added XRP as its base currency the other day and has already launched the TRX/XRP, XZC/XRP trading pairs.

Good XRP prospects for 2019

Despite the bear-dominated market throughout nearly all of 2018, Ripple has started many new partnerships with big global banks. It began trial payments between a group of banks in Japan and Latin America.

Several big online venues have accepted XRP as a payment option, Bitcoin SuperStore among them. Also, recently, the Western Union payment giant confirmed they have been doing trial payments with XRP (which was initially centralized and created for working with banks). Western Union has admitted that it is ready to add crypto coins as another payment option, meaning XRP in particular.

👉MUST READ Western Union Says ‘Bring On the Blockchain’. Ripple Happy to Oblige

Finally, Binance and an Australian crypto exchange BTCEXA have added XRP as a base currency to trade other coins against. This provoked a brief spike in the XRP rate. Vast XRP expansion to compete with the SWIFT global payment system has even made the latter start testing its own novel method of payments, much faster than they use at the moment.

Experts from BBN Times believe that in 2019, XRP should spike and reach the $1 mark.

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Ripple Price Prediction - XRP Price Prediction: Will XRP Break $0.35 Resistance? No Silver Lining in the Cloud Is Found

XRP Price Prediction: Will XRP Break $0.35 Resistance? No Silver Lining in the Cloud Is Found
You may also like:
Contents

Despite our hopes and beliefs, XRP fails to gain traction and stays about $0.32. Will it ever start growing, considering that BTC and altcoins are making considerable moves during the recent weeks? Let’s check out fresh Ripple XRP predictions to find out what to expect from it. TradingView users share their opinions and arguments about XRP price.

XRP reaches the point of consolidation

Watch XRP patterns closely

XRP price chart from CryptoManiac101

Look at the chart from CryptoManiac101: we can see there’s a strong pennant which might be considered by many to be a bear pattern. But after the formation of a pennant is over, there is a strong downtrend followed by heavy a consolidation phase which we're currently in. XRP seems to be bullish on this chart. However, before any considerable growth, we may see some more downtrend action.

This pattern is expected to break to upside or downside this month. Keep tabs on this technical indicator – it might help you to make further decisions.

A huge move is coming

XRP is about to go short

XRP price chart from russec2

A very interesting and detailed chart was proposed by russec2. Here, we see both short term and long-term perspectives. In the short term for XRP:

  • Looks like BTC before the last dump

  • Daily and 3D Stoch is falling

  • Energy lines are negative

  • Currently at the top of the big channel

As for the long term, daily RSI breakout has occurred and is now bouncing at the trendline. Thus, there’s a chance of XRP going short or higher. If Ripple goes short, BTC will do the same.

Is XRP finally triggering a breakout?

At least a $0.34 breakout should happen for XRP to grow

XRP price chart from DrDovetail

According to DrDovetail, there’s a Head & Shoulders pattern in the XRP chart, and the right shoulder is ending formation. The user anticipated the breakout point being right where this dotted green trendline converges with the neckline of the inverted head and shoulders pattern over a week ago. Finally, it seems to be closing, but first, we should see the price reach at least 34 cents to stay assured it is a legitimate breakout. We also need to watch for a good amount of bull volume.

XRP is going to $0.10?

XRP is very likely to drop to support

XRP price chart from AhmedAlii

AhdemAlii draws the following conclusion from the recent XRP behavior:

1. Bearish confirmation price to 0.28$ and 0.25$ is 0.304$. If you are more risk-prone and want to take advantage earlier, you can enter on a break of a 0.311$ price floor.

2. 0.32$ is current support and if EMA is used as support at this level, expect maximum upward activity to 0.335-0.34$ - a break above this level discredited lower high formation.

3. There is a chance we could be stuck in a range between 0.32$ and 0.35$ before any break.

4. Maximum upward potentials are at 0.35$ and 0.39$.

5. Final buy zones of 0.15-0.10$ are still in the books!

The current support price of 0.32$ was held up very well all in all and the price range was predicted very well with the ceiling coming in at 0.335$. Now we seem to be stuck.

So, what’s going to happen next?

1. XRP will most likely drop to supports at 0.32$ and thereafter, maximum upward capacity is to 0.377$ and even more so between 0.34-0.35$.

2. 0.304$ is still the bearish confirmation price to 0.28$ and 0.25$. The least conservative bearish confirmation price is 0.311$.

3. We are likely to test highs of 0.34-0.35$ conservative targets and even more so to 0.377$ increase before dropping to our downward targets of 0.28$ and 0.25$.

4. Our final buy zone still remains at 0.15-0.10$.

XRP/USD price chart from TradingView

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.

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