XRP Price Prediction For April, May And June 2019: Ripple’s Q2 Value To Reach $1 Or Hover Sideways
Ripple Price Prediction For Second Quarter Of 2019
Ripple has had sort of a disappointing first quarter of 2019 with its value dropping about 11% since the beginning of the year. However, when it comes to building the infrastructure to further the use of the coin, Ripple seems to have done a good job.
Ripple price is currently in an upward momentum above $0.3100 support and 100 hourly SMA. XRP will either move over $0.3130 resistance level which was previously the support or move below the current support of $0.3100. However, the major resistance lies at $0.3200 above which Ripple price might turn bullish. However, if the current support is broken, XRP might fall to $0.3050.
In the near future, Ripple is expected to break the resistance of at $0.43 to $0.44 and overcome the $0.52 limit.
Ripple has numerous advantages. 55 billion XRP in escrow. Despite a total supply of 100 billion coins, the Ripple company has put 55 billion XRP in escrow. These are held in place by a smart contract which releases 1 billion XRP per month over 55 months. The XRP tokens are released to Ripple partners and other affiliates in an effort to help get them involved as well as to let them a test drive Ripple and to start using it with low costs. So rather than going to the exchanges, the goal for the newly released XRP is to help grow its use.
There are other reasons that suggest that XRP will make a rally pretty soon. The company recently announced the launch of another programme, known as Xspring, which will pay developers to code software with a focus on using XRP. Additionally, XRP is looking to make a dent in the Chinese market. With the potential of the thriving Chinese economy behind them, XRP might see a massive surge in adoption.
Ripple might rally up to almost $5 by the end of this year. Read our article to find out more about it