Even though XRP keeps located on the 3rd place in the global cryptocurrency ranking, it is the least volatile asset compared to Bitcoin and Ethereum. Its rate has reduced by 2.07% over the last 7 days.
Although August has not finished yet, Ripple has been traded under bearish tendencies during most of its days.
Fundamental Factors on XRP Forecast 2019
In terms of the news background, Ripple and its coin XRP was in the spotlight of the whole crypto community. The following events have attracted attention to the 3rd most popular cryptocurrency:
- Partnership with MoneyGram.
- Cooperation with the international money transfer company Xendpay.
- Listing XRP on the new index of NASDAQ
One of the most vital news for Ripple’s community was the deal with MoneyGram. The second-largest money transfer system in the world has started using the xRapid product from California-based fintech startup Ripple to make cross-border payments. Moreover, after the company entered into a strategic partnership with MoneyGram, XRP volumes on the Mexican exchange Bitso increased by 25%.
Another important event relates to cooperation with Xendpay. Xendpay, a London-based money transfer company, joined RippleNet, Ripple Labs' global money transfer platform for cross-border payments. By joining RippleNet, Xendpay will gain access to a larger market, including customers in Bangladesh, Malaysia, the Philippines, Vietnam, Indonesia, and Thailand.
The last but not least refers to adding XRP on the new index of NASDAQ. It was part of NASDAQ's partnership with Brave New Coin, a cryptocurrency firm. Earlier, the platform added the XRP Liquid Index (XRPLX) to its global financial data service.
Expert Analysis of XRP Projections
Traders differ in Ripple predictions for September 2019. Some experts say that the XRP price forecast going to be bearish, others are more positive in their analysis. The legendary trader and tech analyst Peter Brandt accused Ripple of manipulating the market and expressed the opinion that the price of the third-largest crypto-asset XRP will fall by another 20%. Brandt tweet was removed at the time of writing for unknown reasons.
However, another analyst is more positive on Ripple forecast 2019. Naeem Aslam wrote on this Twitter account that XRP is oversold, and traders might have a good chance to buy deep.
XRP Technical Analysis
Although all top coins are in the red zone, XRP stands out from the crowd, as its rate has gone down by only 0.69% over the last 24 hours.
7 Day High / Low
30 Day High / Low
$11 541 062 935
$1 043 775 318
$0,277568 USD / $0,260688 USD
$0,331414 USD / $0,252390 USD
XRP/USD Trade Pair
Our earlier XRP price prediction came true and the price is moving to the mentioned $0.25 mark.
On the 4H chart, Ripple XRP price prediction is bearish due to the declining trading volume and falling MACD indicator. In this case, the rate may drop to the vital support at $0.25 and even below it.
Respectively, XRP is likely to locate in the rotated rectangular as it is outlined on the chart.
On the bigger time frame, the situation is more positive. XRP is located within the Triangle pattern with a possible breakout. If a bottom line breaks the upper one, Ripple 2019 prediction might be bullish. This is also confirmed by the RSI indicator which is located at its bottom levels. However, the trading volume index should increase to get back to previous highs.
The price of XRP is trading at $0.2675 at the time of writing.
The Bottom Line
Over the past few months, XRP is the least popular asset among other top coins. We are unlikely to see any significant price fluctuations in it. However, the fundamental side differs a lot. There is a lot of news around the Ripple community and its coin XRP in the crypto industry. However, they almost do not influence the price of the coin. Respectively, Ripple predictions 2019 are likely to depend upon the general mood on the cryptocurrency market, rather than on news within the Ripple Network.