XRP price prediction 2019 has been positive for a while now. However, XRP news didn’t start off positive this year. One of the biggest blows to Ripple and XRP was the release of the JPM Coin by JPMorgan. This was followed by the news of IBM providing Ripple-like services for major banks in the United States. Everyone started wondering how these moves will affect the XRP price prediction and those in the XRP rich list. In today’s XRP technical analysis and XRP news today, we would talk about the chances of XRP selling as high as $5 as initially predicted by CryptoNewZ.
XRP Price Prediction 2019: XRP Rich List To Shrink Or To Increase?
How the price of XRP fairs this year will determine if the XRP rich list will shrink or grow. The XRP cryptocurrency news is going to be influenced by a lot of fundamentals and technicals in the XRP and Ripple space. The XRP cryptocurrency news on CryptoNewZ used XRP technical analysis and XRP fundamental analysis to predict that the price of XRP will hit $5 by the end of this year. This is expected to lead to a dramatic increase in the XRP rich list. So, the question is, will this prediction happen or not?
XRP (XRP) Price Today – XRP / USD
The writer’s XRP price prediction 2019 was based on the premise that Ripple is making waves and enter partnerships across the globe. Specifically, a flaw in the article is that Ripple is going to secure a partnership with JPMorgan and Chase this year. The writer made reference to an announcement made by a JPMorgan executive about creating a payment settlement layer for clients that would afford them all the benefits of Ripple, XRP, and xRapid. JPMorgan subsequently revealed that this payment settlement layer was to be developed on its own blockchain and not on Ripple’s protocol. It also announced that it would be creating a JPM Coin.
Crossing the hopes of a partnership with JPMorgan out of the list, what is left for Ripple and XRP? Even if banks are now working on creating their own DLT payment settlement protocol instead of partnering with Ripple, the XRP price prediction 2019 still stands a chance thanks to xRapid. Ripple’s xRapid, a payment protocol that users XRP as liquidity, has gained a lot of recognition in recent time. A few days ago, the World Bank posted that xRapid by Ripple and Circle Pay by Circle have pushed traditional payment service providers to explore DLT technology. This recognition from the World Bank is a big deal. However, it still doesn’t reduce the competition for Ripple. If anything, more banks would be forced to start building DLT based systems instead of partnering with Ripple.
XRP Price Prediction 2019: XRP Technical Analysis
Technically speaking, XRP is caught on a crossroads short-term. It is about to breakout or breakdown. Yesterday, XRP recorded gains against the USD. This morning, however, the XRP technical analysis showed that XRP is about to fall below a key support which may give the bears more leverage. It is important that the price of XRP in XRP news today remains above the $0.30 level to prevent more losses.
At the time of writing, XRP was trading at $0.309177. This shows that it is down by 2.34% against the USD and down by 0.42% against BTC. The 24-hour trading volume is $730,848,650 and the market capitalization is $12,894,722,736 per CoinMarketcap.com. The next few trading sessions will determine if the price action will change.
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