- XRP has dropped 5.25% in the past 24 hours, claiming a daily low of $3.09.
- XRP rallied from $2.3 to $3.4 in the past seven days, marking a price surge of 47%.
- The XRP token is expected to benefit significantly under the Trump administration.
XRP faces a potential correction to the $3 level after a sharp rally, fueled by rumors that President-elect Donald Trump may consider XRP for inclusion in the U.S. national reserve. Ripple, the U.S.-based company behind XRP, has since brought on discussions about its potential influence on national financial policies.
At the time of writing, XRP is trading at $3.14, down 5.25% in the past 24 hours, according to CoinMarketCap data. The digital currency recently hit a seven-year high of $3.40 before dropping to a daily low of $3.09 as sellers gained momentum. Currently, XRP is 18.42% below its all-time high of $3.84, recorded in January 2018.
XRP appears to have established support at the $3 level, with resistance looming above $3.40. The token, which failed to breach a $200 billion market cap, is now valued at approximately $180.91 billion.
Related: Ripple Debunks Trump Rumors as XRP Hits a 7-Year High
Speculation…
The post XRP Price Prediction For January 19: Can XRP Sustain Recent Gains or is a Pullback Imminent? appeared first on Coin Edition.
Source: https://coinedition.com/xrp-price-prediction-for-january-19-can-xrp-sustain-recent-gains-or-is-a-pullback-imminent/