According to a recent report by Cryptoslate, XRP may have avoided a price drop this weekend. DonAlt, a cryptocurrency trader and technical analyst shared with the news source that,
“$0.30 was quite important, let’s hope $0.19 will be as well. The price action on XRPUSB is uncannily technical.”
Further, according to the report, XRP may have avoided reaching a pullback under $0.19 over the weekend due to Bitcoin’s quick recovery; however, XRP may still become prone to decreasing if the BTC price does as well.
XRP’s price may become more sound if Ripple were to enter into partnerships that are high profile. Ripple CEO Brad Garlinghouse shared with the community,
“This year has been our strongest for Ripple yet. In 2019 we’ve seen continued momentum with customers, growth of RippleNet and adoption of On-Demand Liquidity. In just a year since we launched ODL, we are already making an impact on the bottom line for our customers. We’re excited to continue this momentum into next year and for the expansion of ODL into new markets.”