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XRP Price Prediction: Can XRP Finally Rise?

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XRP price saw some rough treatment from the crypto market in 2019 so far, but there are indications that things might change for the third largest coin by market cap.

In the first days of January, XRP fluctuated between a support level at $0.3500 and a resistance at $0.375. However, come January 10th, the coin got caught up in the bear market that pushed its price further down. While the support level at $0.325 managed to stop its drop temporarily, the drop still continued in the final days of January, forcing XRP to drop all the way down to the support level at $0.30.

The coin even broke this support twice in the first half of February, but it also attempted to grow several times. Its first surge was stopped by a support-turned-resistance at $0.325, while the second growth was cut short by a resistance at $0.31. In mid-February, XRP remained stuck between this resistance and its major support at $0.30, which finally changed with the bull run on February 18th.

The bull run allowed XRP price to easily breach the resistance at $0.31, and it was only stopped by the largest resistance at $0.325. Even so, the coin remained close to this upper level for quite a while, before it gradually dropped to the newly created support at $0.31.

The lack of major bearish activity throughout March allowed the coin to use this level as its base resistance, while the new strongest support formed itself at $0.32. In fact, XRP fluctuated between these two levels for nearly the entire March 2019.

Then, about a week ago, on March 23rd, the coin approached its support, which is when the bearish market struck again, albeit only for a little while. Still, the unexpected drop that followed forced the coin to break this support and drop all the way down to the former one, at $0.30.

XRP sees a sudden spike up

The coin did not remain in the depths for long, but it did stay down for long enough for its support at $0.31 to turn into a strong resistance once again. This is the level that XRP price remained very close to for the entire past week, and it finally managed to break it earlier today, March 30.

$0.315 currently acts as a support level, and XRP price even managed to reach a minor resistance at $0.320. The coin then suffered a minor correction, but it currently sees growth once again. At the time of writing, XRP price sits at $0.319812, after a 3.91% growth in the past 24 hours.

If the coin continues growing, it is possible that it might break this resistance, and go for a higher mark. Depending on the market behavior, XRP is likely to reach the $0.32 mark in the following hours, and if the resistance breaks, it will possibly become a new major support. The crypto market currently sees another of its minor bull runs, which were quite frequent in the second half of February and most of March.

However, if the resistance holds, XRP is likely to continue fluctuating between $0.315 and $0.32 for the foreseeable future. The lack of strength and the occasional bearish wave seem to be its largest problems at the moment, but if the growth continues, then the market might finally shake off even these last remnants of the year-long crypto winter.

Whatever happens, it appears that many have decided that this is a perfect time to buy XRP, as the coin’s trading volume in the past 24 hours sits well above $1 billion, while its current market cap managed to exceed $13.3 billion.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

Photo by Public Domain Photography from Pexels

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Aluna.Social is a Compelling Social Platform for Crypto Traders and Investors

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Aluna.Social
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When one thinks about the social media landscape, the companies that first come to mind are most likely Facebook, Instagram, LinkedIn, and Snapchat.  These platforms are a great way to stay connected with friends, families, and colleagues, especially when geographic distance is a factor.  But, in addition to just chatting about life in general and sharing pictures, social media can be used to bridge the information gap that exists within the investment community.

Over the last decade, many trading offices have been established in large cities all over the world which allow solo traders and investors to pay a monthly fee in exchange for a workspace.  The real benefit to trading in these offices is to participate in the free flow of trading ideas and information.  Proprietary trading is one of the most challenging careers to be successful at and the exchange of ideas is almost required in order to succeed.  Traders at hedge funds and investment banks work in teams so why shouldn’t remote traders?

While these trading offices are a great way to help bridge the information gap, Aluna.Social may provide an even better way, especially as it relates to cryptocurrency trading.

Mission Statement

Aluna.Social, founded by Alvin Lee and Henrique Matias, is a multi-exchange social trading terminal for crypto traders and investors.  The goal of the platform is to help newcomers shorten their learning curve,…

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CoinFlip Scores Big with BRD Wallet Partnership

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As the crypto markets move closer to mass adoption, one of the keys for future success will revolve around attracting as many market participants as possible.  While many crypto users are extremely tech oriented, a lot of those on the sidelines are not.  The cause of waiting on the sidelines could be due to a variety of reasons such as fear of the unknown, lack of knowledge, age, or a combination of all of the above.  In order to entice new users to join the crypto revolution, crypto ATMs are rising up across the country.  Of those, the largest and most influential crypto ATM company by a significant margin is CoinFlip.

In early October, CoinFlip announced on its Twitter that it had officially partnered with BRD Wallet to re-introduce their crypto ATM map.  Now, BRD wallet users will be able to locate their nearest CoinFlip ATM and receive a 10% discount for both buys and sells.  BRD brand awareness is growing quickly within the crypto community thanks to its innovative and entrepreneurial spirit.  The team strongly believes in the value of financial freedom and independence, and want to empower people across the world by leveraging the possibilities that Bitcoin and other cryptocurrencies provide.

Cryptocurrencies are already making a huge difference around the world.  Citizens of Venezuela, a country devastated by rampant inflation, have been using several cryptocurrencies…

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Can Libra help the crypto industry to reach new heights?

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Libra is motivated and determined to change the face of payment procedures across the globe and make the blockchain-based project the leaders of payments.
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The market for cryptocurrencies started with the launch of Bitcoin in 2009, and since then, so many cryptocurrencies have been launched that it gets hard to keep track of them. The crypto market has seen massive growth in the past 3-4 years as it started gaining attention from mass media, which helped in this boom.

From the past 2-3 years, several new cryptocurrency projects were launching in the market. Amid all this, the social media giant – Facebook announced the launch of their cryptocurrency platform, and this news got viral like wildfire. The announcement came forward in June, and the upcoming cryptocurrency is known as Libra, and it’ll come with its dedicated wallet called Calibra.

What is Libra?

Libra is a permissioned blockchain-based digital currency which is being developed under the supervision of Facebook’s vice president, David A. Marcus. The cryptocurrency is under development in partnership with an independent, non-profit member Libra Association. Facebook is the second member of the project, and these companies aim to use Facebook’s user base for the promotion of the digital currency when it is launched. The transactions and the cryptocurrency will be managed and cryptographically entrusted by the Libra Association.

Note: Libra Association was established by Facebook to look after the cryptocurrency and the transactions, and it was founded in Geneva, Switzerland.

The development of…

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