XRP Primed For $0.50 As Bitcoin Breaks Above The $13k Level Paving The Way For More Gains

XRP Primed For $0.50 As Bitcoin Breaks Above The $13k Level Paving The Way For More Gains

Wednesday, July 10, 2019, 1:29 AM

Ripple News Today – The cryptocurrency market has been jubilating since the price of Bitcoin started recovering against the USD carrying XRP, and other altcoins along. After struggling to move above the resistance at $0.40 for months, the price of XRP finally surged above in the early hours of trading today. There is a high chance that XRP will reach higher before the end of trading this week per our previous XRP news and XRP price prediction. How high will XRP go? Will the XRP bulls maintain the momentum against the USD this week?

XRP Latest Update – XRP News Today – XRP Price Analysis – How High Will XRP Go?

As the price of Bitcoin moved above the resistance at $12,000 and $12,500, XRP managed to follow through rising from the $0.3860 level across the resistance at $0.39, and $0.395. The price of XRP even tested the $0.4110 level before the price correction started as expected. The good thing is that the price of XRP was able to move above the 100 SMA and a bullish trend line was highlighted around the $0.4010 level. The price of XRP moved near the 76.4% Fib retracement level of the last move from $0.4110 to $0.3860.

XRP (XRP) Price Today – XRP / USD

NamePrice24H (%)
XRP (XRP)$0.392063-1.70%

If the bulls are able to revive the momentum, the price of XRP will most likely move as high as $0.45 before the end of the week. Right now, there is resistance at $0.4080, and $0.4100. If the price of XRP is able to move above this resistance levels, it will face another one around $0.4220 and $0.4400. The most significant resistance before $0.50 is at $0.45. If the price of XRP is able to move above this resistance level, the resistance levels it will face before $0.50 will not be significant. The technical indicators were all bullish this morning. However, they are slowly moving into the bearish market as is common with price corrections.

XRP Price Prediction 2019 – XRP Prediction 2019 – XRP Vs BTC

In our previous XRP news and Ripple news, we established that the price of XRP is slowly losing its correlation to the price action of Bitcoin. This was one of the points that cryptocurrency price analysts used to describe the poor performance of XRP amid Bitcoin’s large scale recoveries last few months. However, even if the chain is becoming weaker, it hasn’t disappeared entirely yet. This is why the price of XRP took a jump along with the price of Bitcoin yesterday.

At the time of writing, the price of XRP was $0.397144. This means that it is up by 0.06% against the USD and down by 3.69% against the price of BTC. The trading volume over a 24 hour period is $1,520,321,035 and the market capitalization is $16,905,079,152. Bitcoin is currently trading at $12,353.57. This means that it is up by 4.06% against the USD. The trading volume over a 24 hour period is $28,179,742,831 and the market capitalization is $219,994,533,794. The momentum may have reduced but the bulls are still in full control of the market.

What do you think about the XRP price prediction 2019 in our XRP news today? Share your thoughts in the comment section below.

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