Ripple (XRP) Price Analysis: Potential Countertrend Opportunity

2019-2-6 07:57

Ripple continues to trade inside a descending channel and is now down to the very bottom. A bounce off this area could spur a rally back to the top or at least until the mid-channel area of interest.

RSI is already indicating oversold conditions or that sellers are tired. Turning higher could mean a return in bullish pressure that might take XRP back to nearby resistance levels. Stochastic has some room to head lower before hitting the oversold level, which means that sellers could still have some energy left. A break below the channel bottom could spur a steeper price decline.

The 100 SMA is still below the longer-term 200 SMA to confirm that the path of least resistance is to the downside. In other words, the downtrend is more likely to gain traction than to reverse. Also, the gap between the moving averages is widening to reflect stronger selling momentum. Both these moving averages could hold as dynamic inflection points as well, before XRP even bounces all the way up to the channel top at .3050.

Cryptocurrencies had another one of their tough days as most of the coins saw red. Ripple has had some positive updates to its credit, including being named as one of Forbes’ Most Innovative Fintech Companies In 2019. It wrote:

“Its blockchain based global settlements network aims to replace SWIFT, the interbank messaging platform that has long connected nearly every bank in the world. Ripple has also launched a service that lets companies make cross-border payments in XRP, the cryptocurrency created by its founders, which was recently second to Bitcoin in value.”

Furthermore, Forbes mentioned that six blockchain companies in the list—Axoni, Bitfury, Circle, Coinbase, Gemini, and Ripple—will “undoubtedly form some unusual alliances as they evolve past competing against other blockchain startups, to competing in mainstream finance against long-established players.”

The post Ripple (XRP) Price Analysis: Potential Countertrend Opportunity appeared first on Ethereum World News.

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Ripple (XRP) на Currencies.ru

$ 0.5126 (-0.25%)
Объем 24H $793.104m
Изменеия 24h: -1.34 %, 7d: 1.49 %
Cегодня L: $0.5077 - H: $0.5177
Капитализация $28.341b Rank 7
Цена в час новости $ 0.2922 (75.43%)

ripple xrp price analysis could countertrend potential

Источник: ethereumworldnews.com

ripple xrp → Результатов: 126


Ripple собирается запустить DeFi-протокол

Ripple (XRP) продолжает совершенствовать XRP Ledger (XRPL). Теперь проект хочет привнести в экосистему децентрализованные финансы (DeFi). Разработчики Ripple представили предложение, направленное на создание в XRP Ledger экосистемы DeFi.

2024-4-15 16:04


Ripple запускает долларовый стейблкоин в качестве конкурента USDT и USDC

Эмитент XRP Ripple объявил о планах по запуску стейблкоина, обеспеченного долларами США, и надеется в течение ближайших лет отвоевать значительную долю рынка у Circle и Tether. Технический директор Ripple Дэвид Шварц (David Schwartz) сообщил, что первоначально стейблкоин будет выпущен в блокчейнах XRP и Ethereum.

2024-4-5 18:49


Фото:

Издание Forbes назвало блокчейн Ripple «зомби-сетью»

Журналисты издания Forbes усомнились в полезности экосистемы Ripple, в частности XRP Ledger (XRPL) и монеты XRP. Издание также назвало блокчейны Ripple, Cardano, Bitcoin Cash, Litecoin и Stellar «зомби-сетями».

2024-3-31 12:58


Ripple нарастила продажи XRP

В феврале компания Ripple продала 120 миллионов из зарезервированных для своей казны 200 миллионов XRP. Интересно в этом процессе то, что бездействующий два года адрес кошелька, который контролирует компания и который помечен XRP Scan как «Ripple (52)», отправил 100 миллионов токенов на сумму $53,5 миллиона на адрес «Ripple (1)».

2024-2-15 12:02


Ripple (XRP) Needs to Exhibit These Three Moves to Go Parabolic: Analyst

Analysts JD and Cryptotoes share crucial insights about Ripple (XRP), providing a glimpse into the potential for a parabolic move. JD lays out three key factors that could pave the way for a parabolic move in Ripple XRP: JD tantalizingly mentions that once these conditions align, smart money—representing 5% of investors—might seize the opportunity for […] The post Ripple (XRP) Needs to Exhibit These Three Moves to Go Parabolic: Analyst appeared first on CaptainAltcoin.

2023-11-28 20:30


Will XRP’s Price Jump After Another Ripple Win Against the SEC Be Short-Lived?

According to analysis firm Santiment, XRP spiked 8% following news that the SEC’s appeal against Ripple was denied. The immediate aftermath saw Ripple’s native cryptocurrency, $XRP, experiencing a swift +8% surge, and it has swiftly become a focal point, constituting nearly a quarter of discussions related to the top 100 assets in the crypto space.

2023-10-4 10:19


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