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.

origin »

Ripple (XRP) на Currencies.ru

$ 2.0944 (+0.27%)
Объем 24H $3.212b
Изменеия 24h: -3.59 %, 7d: -4.69 %
Cегодня L: $2.0803 - H: $2.1107
Капитализация $126.359b Rank 4
Цена в час новости $ 0.2922 (616.77%)

ripple xrp price analysis could countertrend potential

Источник: ethereumworldnews.com

ripple xrp → Результатов: 126


The "XRP Killer" Prediction: How Digitap ($TAP) is Forecast to Absorb Billions from Ripple's Market Cap

After days of red candles and growing investor fatigue, Ripple (XRP) is losing its grip on the payments crown. Even as Evernorth’s billion-dollar treasury deal made headlines, the Ripple coin price The post The "XRP Killer" Prediction: How Digitap ($TAP) is Forecast to Absorb Billions from Ripple's Market Cap appeared first on AMBCrypto.

2025-10-23 18:00


Ripple’s ISO 20022 Advantage: Analyst Explains the Long Game for XRP Supporters

A new post by fintech commentator Vincent Van Coode has sparked conversation in the XRP and broader crypto community. His take highlights Ripple’s unique positioning within global finance, pointing out that one of Ripple’s biggest challenges – and opportunities – lies in connecting thousands of disparate, legacy systems still used by banks worldwide.

2025-9-7 14:00


Ripple и SEC отозвали апелляции: дело по XRP официально закрыто

Комиссия по ценным бумагам и биржам (SEC) и Ripple Labs прекратили многолетнюю судебную тяжбу, подав совместное заявление об отзыве апелляций по делу о статусе токена XRP. Компании договорились завершить спор, который длился почти пять лет и стал одним из самых значимых регуляторных дел в криптовалютной индустрии.

2025-8-8 08:41


Ripple станет банком XRP, — мнение основателя Bitwise

Недавно CEO Bitwise заявил, что Ripple в течение года может превратиться в XRP treasury company. Проще говоря, компания Ripple станет банком, который владеет огромными запасами XRP и зарабатывает на этом.

2025-7-11 17:19


дальше еще 77 новостей →

Партнеры Currencies.ru



Реклама на Currencies.ru

Самое свежее на Currencies.ru

XRP Searches for Support After Rejection from Resistance

XRP has been increasing since bouncing at the $0.62 long-term horizontal support area at the end of July. So far, it has reached a high of $1.35. The post XRP Searches for Support After Rejection from Resistance appeared first on BeInCrypto.

XRP Reclaims Support, EOS and TRX Look to Do the Same

XRP is trading inside a long-term descending parallel channel and has reclaimed the $0.90 horizontal area after bouncing. The post XRP Reclaims Support, EOS and TRX Look to Do the Same appeared first on BeInCrypto.