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Price Analysis

Ripple (XRP) Price Analysis: Is Ripple’s 4-Month High-Value Sustainable?

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  • Ripple reached the highest point of the year until now.
  • The 2019 prediction goes with 0.8 USD target.

Ripple (XRP) has reached its zenith point of the year 2019. It got its value at 0.45 USD, and this figure is the highest in the last four and a half months. This is not an abrupt growth as XRP coin has been growing consistently since the last week. However, market experts believe that growth is not going to be a very long lasting one. John Todaro, director of digital currency research for TradeBlock said, “You had bitcoin prices rallying recently while alt-coins had seen only modest gains in comparison, Bitcoin dominance (the measure of bitcoin’s market cap relative to the 5 largest tokens) had reached its highest level since September 2018.” However, our prediction goes with 0.8 USD price level by the end of 2019. We should now analyze the current figures in order to understand the prediction clearly.

Current Ripple Price Statistics-

ripple price chart

  • Ripple (XRP) is the third largest crypto coin in the global crypto world.
  • The ROI (Return on Investment) of XRP stands at 7503.78%.
  • A total of 42,133,310,721 XRP coins are in current circulations.
  • The current market cap as on 16th May at 08:39 UTC stands at 18,819,807,858 USD.
  • The Ripple price stands at 0.446673 USD and 0.00005564 BTC.
  • The 24h volume of XRP at the same UTC stands at 4,516,891,549 USD.

Comparison-

The value of each XRP coin has performed consistently in the last 4 months. The lowest point of the coin was on 29th January at 0.29 USD and the highest point was achieved on the current value. The market cap on 16th April was 13,471,798,106 USD and the value of each XRP price was 0.320981 USD and 0.00006320 BTC. The current market cap, as well as the value of each Ripple coin in USD, is almost 40% more than the figures for last month.

XRP Price Prediction –

The heightened value is not going to be sustainable for a long time. The value will fall to 0.40 USD before gaining again. The resistance point will be there at 0.50 USD and 0.55 USD. We predict the value of each Ripple coin to reach as high as 0.8 USD by the end of 2019.

Conclusion-

We advise buying fresh coin after two weeks’ time. The best value can be found at that moment. Holding the coins for a longer period of time will be profitable.

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Roxanne Williams

Roxanne Williams has recently joined as a market reporter for CryptoNewsZ - the 24/7 crypto news site, where she produces recent stories, technical analysis and price updates on world's leading cryptocurrencies.
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