Irrespective of the current price action of XRP, Ripple is making waves per adoption. It recently announced that 5 RippleNet clients will soon start sourcing liquidity with XRP. This move is expected to boost the XRP price prediction 2019 but with the current market trend, there is no way to determine what the effect will be short-term.
According to the latest report, five institutions among the RippleNet community will now source on demand liquidity with XRP. These five companies are SendFriend, FTCS, JNFX, Translaygo, and Euro Exim Bank. This move is not just going to promote the XRP price prediction 2019. It is going to promote adoption for the XRP token and the xRapid protocol. The good needs is much needed amid the current bear market.
Ripple revealed that five of the clients on the RippleNet platform will be leveraging XRP for on-demand liquidity. Last year, the CEO of Ripple, Brad Garlinghouse, said that RippleNet had on boarded over 200 clients globally. Out of the 200 customers, 13 had announced that they will be leveraging XRP in Ripple’s xRapid protocol. At the time the XRP price prediction 2019 got a major boost. Members of the XRP rich list expected that more financial institutions will decide to leverage xRapid and this would, in turn, make the XRP price prediction 2019 bullish.
XRP News Today – XRP Price Prediction 2019
XRP (XRP) Price Today – XRP / USD
The price of XRP will most likely fall lower to the $0.15 level before any major breakthrough can occur according to our previous XRP price prediction 2019. The good news is that the increase in adoption and developmental progress prove that XRP isn’t dead yet and there is still hope for future recovery.
XRP Price Analysis – XRP/USD bears take price below $0.30
The entire cryptocurrency market is currently bleeding out. However, before almost every coin started falling against the USD, XRP was already stuck in a descending trendline. The XRP price prediction 2019, which has been bullish for a while now, suddenly became bearish because of the negative XRP news about the XRP technical analysis. The fall in the price of XRP was especially surprising because it is not in line with the XRP news development.
According to the latest XRP analysis on fxstreet; XRP/USD went down from $0.301 to $0.299, breaking the $0.30 support level. The price was trending in the green cloud of the Ichimoku indicator before a bearish breakout.
The relative strength index (RSI) indicator is trending close to the oversold territory.
On the upside, resistance lies at $0.30, $0.31, and $0.322.
On the downside, the $0.288 support line is hugely critical. The previous session bounced back from this support line to take the price back above $0.30.
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