Although XRP was one of the worst performing major altcoins in 2019, the crypto was able to incur some notable momentum throughout the past month that has allowed it to gain what appears to be a stable foothold within the $0.20 region.
In the near-term, analysts are noting that the token is trading just above a critical level that bulls must defend, but multiple technical factors are suggesting that it will soon see a rally up towards its previously established all-time highs.
XRP Stagnates as Analysts Watch for Response to Key Technical Level
At the time of writing, XRP is trading up nominally at its current price of $0.234, which marks a slight climb from daily lows of just under $0.23.
Over the past week, the crypto has been able to bounce from lows of under $0.22, but it has severely underperformed Bitcoin, which is in the processes of breaking firmly into the $9,000 region.
In the near-term, Jacob Canfield – a highly respected cryptocurrency analyst on Twitter – explained that XRP needs to hold above a critical support level that lies just below its current BTC price, and that a failure to bounce here could mean fresh lows are imminent.
“Ripple is just getting painful to look at when many other majors and #bitcoin itself is breaking out. Needs to push up soon or we could see another low incoming,” he explained while pointing to the below chart.
Ripple is just getting painful to look at when many other majors and #bitcoin itself is breaking out.
Needs to push up soon or we could see another low incoming. pic.twitter.com/Wxwu7vu6JL
— Jacob Canfield (@JacobCanfield) January 27, 2020
These Factors Could Lead the Crypto to Fresh All-Time Highs
Although XRP may currently be in a precarious position, it is important to note that TradingShot – a top TradingView analyst – explained in a recent post that he believes it could be poised for a move back towards its all-time highs.
“Well not much to be said here other than the notable similarities between the two periods: December 2014 – March 2017 vs December 2017 – March 2020,” he explained while pointing to the chart seen below.
Image Courtesy of TradingShot
He further goes on to support this notion by pointing to a myriad of bullish factors, including a bullish moving average golden cross, its LMACD rolling over, as well as a few other technical factors.
If the factors that TradingShot points to do line up, it does appear that XRP could soon target a movement to fresh all-time highs of over $3.50.
Because this may seem overly optimistic, it would likely require Bitcoin and other altcoins to also make a massive upwards movement in tandem.
Featured image from Shutterstock. The post appeared first on NewsBTC. origin »
XRP is facing pressure as price weakens while on-chain activity rises, creating a divergence that leaves traders watching key support levels closely. XRP is trading at $2.25, down 1.8% in the past 24 hours. Over the past week, it has…
Key Takeaways
Should XRP bulls expect a bullish performance this week?
Yes, the breakout past the local resistance at $2. 55, the rising Open Interest, and Taker Buy Volume showed short-term bullish The post XRP pushes past $2.
The past few days have been rough for XRP and ADA. At the same time, most of the market has held up quite well. XRP is down over 8% in the past month. It has seen a markedly steep decline. However, it remains about the $2 market, where it has hovered for the past few […]
XRP is consolidating near a critical support level as fresh institutional tailwinds hint at a possible reversal. At the time of writing, XRP (XRP) is trading at $2.17, down 1.2% over the past 24 hours and 6% over the past…
XRP maintained the $0. 6 price level.
XRP's MVRV ratio exceeded 12%, signaling profitable holders and potential for a market correction.
Following significant whale accumulation, Ripple's [XRThe post XRP surges past $0.
XRP has observed a sharp surge of 8% during the past day as data shows the sharks and whales have loaded up their bags to a 3-month high. XRP Has Enjoyed A Sharp Rally During The Last 24 Hours In the past day, the cryptocurrency sector as a whole has seen an uplift, led by […]
Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion.
XRP could take some time to consolidate arThe post XRP breaks out of four-month range, bulls anticipate surge past $0.5 appeared first on AMBCrypto.
The XRP price has increased significantly in the past 24 hours. The coin registered over 10% growth in the past day. Over the last week, the coin brought in 10% appreciation as well. Overall, XRP bulls seemed to take control of the charts.
The altcoin market has been rallying in the past 24-hours after having seen significant losses thanks to overwhelming bearish pressure that crept in during the past week. For altcoins like XRP, CHZ, aThe post XRP, Chiliz, Dogecoin Price Analysis: 26 April appeared first on AMBCrypto.
XRP has been in a slow uptrend in the past two days despite the SEC lawsuit looming over the project and its founding company’s top executives. XRP has, despite the US Securities and Exchange Commission calling it a security, been on a steady rise for the past couple of days.
While Bitcoin and Ethereum have moved their respective prices up the ladder over the past week, XRP was still struggling to start their engines. Marking only a 3.11% growth over the past week, when BiThe post XRP short-term Price Analysis: 13 October appeared first on AMBCrypto.
Like Bitcoin, XRP has faced a strong pullback over the past few days after peaking last week. As of this article’s writing, the leading altcoin is down 5% in the past 24 hours. XRP now trades for $0.
Believe it or not, XRP has been one of the best performing crypto assets of the past ten days. After a brutal bear market that brought it 97% below its $3. 50 all-time high, the asset surged past $0.
XRP has been one of the best performing major cryptocurrencies over the past several days, with its recent rally past $0.30 allowing it to form a highly bullish market structure that is likely to lead...
XRP has had a rough 2019, with the embattled cryptocurrency setting fresh yearly lows just in the past several weeks with its drop down to $0. 20. This bearishness has led XRP to be one of the worst performing major cryptocurrencies in the markets over this past year, and it does appear that further losses could.
In the past 24 hours, while Bitcoin has surged over 22%, XRP is up only about 3% in the USD market while trading below $0.30 at $0.29, as per Coincodex. XRP is down by more than 14% against BTC. While the digital asset has seen an increase of nearly 13% in the past one month, […]
XRP has been one of the big winners of Bitcoin’s recent bout of consolidation, as the cryptocurrency has been able to surge significantly over the past several days and weeks, putting some notable distance between its recently lows $0.
XRP crossed a major barrier this week by breaching $30-key level but fell shortly after. After a surge of 2.05% over the past 24-hours, XRP rose to a valuation of $0.29, at press time. Lately, XRP’s price has been following an uptrend and as bears continued to dominate the market, a potential bullish breakout could […]
The post XRP to ascend with descending broadening wedge pattern appeared first on AMBCrypto.
Another week, another of Crypto Tidbits. Over the past week, Bitcoin hasn’t done too hot, sliding under $8,000 for the umpteenth time in a few months. A majority of altcoins — save for XRP, Dogecoin, Binance Coin, and a few others — have followed BTC lower, posting 3% to 6% losses.
XRP gained 36% over the past 23 days, the strongest bullish move in over a year. However, fundamental metrics show decreasing transactions with decreasing active addresses over the past year, despite the numerous RippleNet partnerships and announcements.
After remaining bearish for a long time in 2019, XRP price spurted over the past few weeks but has registered decline again. In 2019, the highest price XRP noted was in June, where it was valued at $0.
For the past thirty weeks, the XRP price has been steadily increasing. Its rate of growth has significantly outpaced that of Bitcoin BTC). Therefore, the XRP/BTC pair has seen notable growth. In early September, the XRP price reached an almost two year low of 4233 satoshis.
XRP is seeing a lot of greens in October after dropping down to $0. 235 at the end of September. In the past week, the third largest cryptocurrency surged a good 9 percent. At the time of writing, it has been trading at $0.
When it comes to price movement, XRP might have been slow-paced this year, but in the adoption race, the coin has surged past most altcoins. With Ripple promoting its technology utilizing the third largest coin, its Director of products, Craig DeWitt shared something new with the community.
Ripple has made a lot of headlines over the past few years. Although cryptocurrency enthusiasts still dislike the company, their business model is more than sound. As a result of their approach, Ripple’s partner list has now grown.
XRP’s price rose to $0. 28 and broke crucial resistances yesterday. The bulls however, took a back seat as the market went through a period of stagnancy. Over the past week, Ripple’s native digital asset has recorded a rise of 8%.
XRP has been widely used by major financial institutions for cross-border transfers using Ripple’s technologies, like the xRapid. Ripple’s recent partnership with Moneygram was followed by an active corridor of XRP/MXN, as its volume spiked by 25% on Bitso exchange.
Ripple is showing steady growth, adding almost 10% in price over the past 24 hours, will this be the beginning of a new rally for the cryptocurrency market?
XRP is feeling the squeeze. The past week was a roller coaster for XRP. A ratings council consisting of cryptocurrency exchanges like Coinbase, Kraken and Bittrex, and institutional players like Grayscale, DW Trading and Genesis Trading stated that XRP used “securities-like language,” and that it is more akin to being classified as a “security,” than […]
The post XRP flirts close to descending triangle base; squeeze to prolong altcoin descent appeared first on AMBCrypto.
XRP has been steadily falling in value since late-June 2019. Valued at $0. 24561 at press time, XRP had a market cap of $10. 95 billion and a 24h trading volume of $1. 24 billion, recording a 0. 20% fall over the past day.
XRP Chart Strong It seems that cryptocurrency bulls are back — at least for now. Over the past 24 hours, Bitcoin has gained 7%, rallying to $8,400 from this weekend’s local low of $7,700. Interestingly,...
Will the real security please stand up? The debate around whether cryptocurrencies should be classified as “securities,” has been raging for the past few years. Heating up ever since companies began issuing their own “cryptocurrencies,” while distancing themselves from its inner governance, the case of what differentiates a company issuing an ownership share and a […]
The post XRP uses ‘securities-like language’, while Litecoin and Bitcoin stand clear, claims Crypto Rating Council appeared first on AMBCrypto.
XRP, second-largest altcoin by market cap, was valued at $0. 239 with its price dropping by 1. 87% over the 24-hour cycle. With a market cap of $11. 046 billion, XRP recorded $10. 337 billion trade volume for the past 24 hours at press time.
Wash trading tactics, to boost cryptocurrencies’ price, have reduced by 35. 70% in the past few months. According to the study conducted, exchanges such as Kraken, Poloniex, Coinbase and Upbit were the cleanest exchanges in terms of real trading volume.
This week has been a good one for altcoins as they surged in a long time while Bitcoin remained flat around $10,000. If we take a look at the past 7 days performance of cryptocurrency market, while Bitcoin is in the green by just over a half a percent, top altcoins, Ethereum and XRP are […]
After facing months of lackluster price action, XRP’s bulls have finally awoken and are now propelling the cryptocurrency’s price towards a key region of resistance and it may incur significantly further gains before it slows down anytime soon.
Ripple has released another bunch of XRP into the market just hours after the crypto’s market value had gone up by more than 16%. According to Beincrypto, Ripple released about 30 million XRP worth about $8.
Stellar‘s price action today is…pretty stellar. XLM is leading the markets, having surged by as much as 40% since yesterday morning. After trading for around six cents for most of the past month, the fast-payments token has broken out of its tight range, to surge past $0.
Coinspeaker XRP Price Breaks Violently Upwards Adding 16% Over Just 24 HoursThe price of Ripple’s XRP has surged with 16% in the past 24 hours with commentators believing that the gains come as a result of a response to reports a looming fork of the token.
The last 24 hours have been relatively positive for XRP’s valuation as the third-largest digital asset witnessed a 4 percent hike in 24 hours. The price breached short-term resistance at $0.
XRP has been sliding downward lately and the controversy-laden coin incurred major losses despite its peer coins posting significant gains in 2019. After a minor decline of 0. 43% over the past 24 hours, XRP was valued at $0.
A very interesting rumor has surfaced in the crypto world this week. MoneyGram has recently announced a partnership with Visa to create a new P2P debit card. Now, the XRP community believes that XRP tokens may be involved in this deal.
This coming October, Ripple Labs will host its annual gathering of the “world’s most trusted voices across financial services, payments, technology and policy” to discuss the future of the payments industry and put a spotlight on their native XRP crypto token.
XRP’s price has witnessed substantial volatility; over the past two weeks, XRP’s price slumped on various occasions but the valuation managed to exhibit a minor hike. 1-hour chart In the 1-hour chart, it can be observed that the coin’s movement adhered to a falling wedge pattern before a bearish breakout unfolded.
According to WelsonTrader in a tweet on August 23, 2019, XRP, the third-largest cryptocurrency by market cap has performed better than any crypto asset and stock, in the past ten years. The cryptocurrency analyst is also betting $100,000 that XRP will outperform Bitcoin by the end of 2020.
Cryptocurrencies remained downbeat on Friday, December 5, with sentiment deteriorating across leading assets. Meanwhile, the latest ETF flow stats confirm this weakness, with Bitcoin and Ethereum exchange-traded products struggling as new products attracted fresh funds.
Ripple (XRP) seems to have lost steam after recording gains over the past two days. The second-largest altcoin by market cap is trading at around $2. 17, with the bulls pushing to regain control of the trend.
Bitcoin traded just above $93,416 on Thursday as expectations mounted that the US Federal Reserve would cut interest rates next week. During the morning session, the cryptocurrency dipped to $92,612 before climbing to an intraday high of $94,002, reflecting renewed momentum after several weeks of turbulence.
Crypto markets staged a major turnaround on Tuesday as traders reacted to rising expectations of US interest-rate cuts and a surge in spot Bitcoin ETF activity following Vanguard’s decision to end its ban on Bitcoin ETF purchases.
The cryptocurrency market kicked off December with a downbeat mood as negative sentiments prevailed. At the same time, yesterday’s inflows data confirmed a divided landscape among leading spot exchange-traded funds (ETFs), which have become the primary indicator of institutional appetite in digital currencies.
The cryptocurrency market experienced a dip on Monday but instantly bounced back. Bitcoin briefly dropped to the $84k level but is now trading above $86k per coin. XRP, Ripple’s native coin, also dipped on Monday, but the $1.
Coinbase stock (NASDAQ: COIN) plummeted 5% in pre-market trading on Monday, as the crypto sector entered December under assault. Bitcoin shed more than 5% to trade below $86,600, while Ethereum collapsed 5.
