Ripple (XRP) has fallen to a level of $ 0.2903 as of January 30, 2019, with a sharp fall of 73.75% for a year. The year-to-date performance is also on the downside, down by 21%. Our article on our Ripple price forecast for February 2019 will talk about some of the monthly estimates of other websites and will present our estimate of the neutral Ripple price based on technical analysis.
Some basic statistics for Ripple as of January 30, 2019 are as follows:
Market Value: $ 11.952.632.279 Dollars, 3.457.553 BTC
Volume (24 hours): 414.712.805 Dollars, 119.965 BTC
Crypto is the second largest market value
52 Weeks Lowest Value – 52 Weeks Highest Value: 0.2478 $ – 1.2681 $
2019 February Ripple Price Forecast for Some Resources
- LongForecast has a net price estimate of $ 0.28. The low and high price range is between 0.20 and .029 Dollars, respectively. The closing price is $ 0.23. This means a loss of 17% on a monthly basis and an average price of $ 0.25. The bear pessimism inevitably affects the Ripple prices.
- PrevisioniBitcoin cannot offer a specific price for Ripple for February 2019. Nevertheless, he is making an upside price estimate, which says Ripple may increase its price due to its collective adoption in the coming months. Ripple is expected to rise with a strong capital and hence a tangible value increase per koin.
- CryptoTreat looks very optimistic about Ripple. Ripple estimates in February 2019 a net price of $ 2.08, a closing price of $ 2.13. A minimum price of $ 2.07 and $ 2.15. In total, we face a very high bull-like Ripple price estimate. By the end of January, Ripple is worth $ 0.29.
- TokenMantra, some predictions, a pessimistic Ripple price estimate, stating that by the end of February (XRP) price drops up to $ 0.232 says the possibility.
In general, the above-mentioned sources have mixed views about reporting Ripple price forecast targets for February 2019. So in this case, how can we make a prediction based on our technical analysis?
2019 February Ripple Price Forecast-Technical Analysis Scenarios
First, let's say a few words of our annual Ripple price estimate for 2019 in an analysis. A short-term analysis based on Ripple's daily and weekly charts is as follows:
Ripple is an optimistic scenario for price forecast
As the current price of Ripple coin reaches the Bollinger low band level of $ 0.2944 per day, it is likely that the $ 0.3487 daily Bollinger band will be at its highest level. If the price rises to the level of 0.579 Dollars, there is little chance that the weekly Bollinger band will be at the top level.
The $ 0.2933 level acts as a strong support and there is a small positive separation due to the stochastic indicator (14,3,3). From the low price of $ 0.32 to $ 0.2860, the price value indicated by the Stochastic indicator has increased slightly. These low levels could be a sign that Ripple's token price will soon be reversed. The momentum indicator is almost flat and this may pause the downward trend.
Ripple Price Forecast Pessimistic Script
It's a trade slogan that doesn't always work, but we should still say: Ripple doesn't struggle with the trend. The 20-day and 50-day exponential moving averages of $ 0.332 to $ 0.3498, respectively, show a downward trend, which, although having a momentum, points to the price point.
The ADX / DMI indicator indicates that the -DI line is above the + DI line and 20.47 and 9.66 respectively. This indicates that the most dominant trend is a downward trend for the time being. The MACD indicator has a negative value and is pointing downwards. After a consolidation phase, Ripple moves to low levels.
The consolidation range from $ 0.31 to $ 0.35 includes a period of about fourteen days. Generally, there is always a continuation of the most recent tendency after the breakdown of a consolidation stage, not always the whistleblower. If a support close to the $ 0.29 level cannot hold, a forecast for the price will inevitably be a low-end move.
What should be asked is how much Ripple can come to lower levels. There are two potential target regions. These are $ 0.2750 and $ 0.2415. These levels are derived from the weekly chart. Bollinger band level of $ 0.2415 per week.
As a result, I should say that this is not an investment recommendation. But it is also useful to say that there is an educational article. We prefer the pessimistic scenario for Ripple. Such a preference means that Ripple's downward trend will continue in February 2019. Certainly, conditions are likely to change, but for the time being, probability is likely to indicate potentially low price levels.
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