Ripple Price Prediction And Analysis For June 21st: XRP Started Correcting

2019-6-22 07:49

By Dmitriy Gurkovskiy, Chief Analyst at RoboForex

The XRP is correcting after a rising streak, trading around $0.4394 on June 18.

Over the last week, the midterm trend did not change much; the price is still trading sideways and wide, between the support at $0.3575, and the resistance at 0.4790. The MACD, however, converged and formed a golden cross, while the price broke out the internal descending channel resistance. A new quick uptrend was born, with the target at the current resistance of $0.4790.

On H1, the XRP hit the ascending channel resistance, thus sending the short term uptrend higher. With the local support at the $0.4310 fractal, the new target may lie at $0.4680. This might, however, end there, with the price correcting to the support at $0.4170, especially considering the Stochastic divergence.

Meanwhile, Ripple partnered with MoneyGram, the major Western Union competitor. Ripple Labs is to buy 10% of all MoneyGram shares at a price three times higher than the market, the total amount being $30M. Another $20M (or more) will be invested in the coming two years.

For MoneyGram, Ripple partnership is also good because of the XRP usage during money transfers. Previously, the payment operator was testing xRapid for around a year, and did not find any advantages; with a lot of liquidity coming to XRP, the story turned absolutely different. The XRP, however, has a major risk consisting in large volatility, and this is definitely considered by MoneyGram.

With more usage in the real financial world, Ripple and XRP will be getting more advantages and profits.

The investors got interested in the crypto market again, but no quick progress might be expected without the real usage.

Disclaimer

Any predictions contained herein are based on the authors’ particular opinion. This analysis shall not be treated as trading advice. RoboForex shall not be held Company for the results of the trades arising from relying upon trading recommendations and reviews contained herein.

Image(s): Shutterstock.com

The post Ripple Price Prediction And Analysis For June 21st: XRP Started Correcting appeared first on NullTX.

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june xrp correcting price trading ripple 21st

Источник: nulltx.com

june xrp → Результатов: 100


Crypto Analysts Are Projecting XRP At $7 In The Next Few Months

According to Robert Art, a cryptocurrency analyst in a tweet on June 19, 2019, he is currently gauging a possible $7 price on Ripple’s XRP chart. The analyst is not the only one who is extremely bullish about the third largest cryptocurrency by market cap because the comments on his tweet show that the crypto […] The post Crypto Analysts Are Projecting XRP At $7 In The Next Few Months appeared first on ZyCrypto.

2019-6-20 10:47


MoneyGram задействует XRP в своей коммерческой деятельности

Криптовалютная компания Ripple анонсировала партнерство с крупной международной системой денежных переводов MoneyGram, в которую планируется инвестировать около 50 миллионов долларов США. В свою очередь MoneyGram внедрит криптовалюту XRP в основные аспекты своей коммерческой деятельности.

2019-6-18 10:39


Ripple & XRP: An Uncertain Future in Banking Hangs in the Balance

By CCN: People are feeling notably bullish about Ripple, or XRP, depending on what you’re talking about. The token price is earning bullish calls on Twitter. . 50 cent and beyond incoming $xrp — Sir Gordon Gekko (@gordongekko369) June 2, 2019 Fifty cents would go a long way to making longtime XRP investors whole and earning handsome returns on long-held investments.

2019-6-4 22:40


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