TradingView
CryptoComes
Feb 11, 2019 4:40 PM

Ripple (XRP) Price Prediction Short

Ripple / U. S. DollarKraken

Description

Ripple’s XRP lost its status as the second largest cryptocurrency n by market cap and now sits at third place overall. The token is now behind Ethereum with a total market cap of $12,497,381,522 and trading near 0.303 against the US Dollar at the time of writing. The pair established long term support at 0.25 and medium term (minor) support at 0.28 but after the big jump north seen in fall 2018, the bulls didn’t show much willingness to drive price significantly higher.

Price for XRP is basically wandering above and below the 0.30 mark and there doesn’t seem to be major interest from bulls or bears. If things continue the same way, we will likely see a drop closer to 0.25 support which could potentially occur by the end of the week. I don’t expect this support to break unless something surprising happens.
More