XRP Price Analysis – XRPUSD Struggling to Recover

XRP Price Analysis – XRPUSD Struggling to Recover
фото показано с : nulltx.com

2019-5-1 23:15

By Dmitriy Gurkovskiy, Chief Analysis at RoboForex

XRP is recovering Friday after the Thursday’s plunge, trading at around $0.2996.

On H4, the downtrend reached the long term support, with the price ready to go further down after the test. Currently, the downside momentum has increased, and the XRP is trying to break out the current channel support, which could then allow it to reach the projection support at $0.2460. The major resistance lies at $0.3100.

On H1, the downside momentum is fading out, but still, the price is ready to make a lower low, plunging to $0.2670. The Stochastic converging signals a near pullback that could send the price up to $2.900.

Ripple’s financial report says the company sold tokens at $169M across Q1 2019, which is +31% compared to the same period in 2018. The overall XRP turnover, meanwhile, plunged by 2%, staying at $55.85B.

As for the tokens sold through intermediaries, the sales was boosted from $88.88M to $107.49 over Q1. Direct sales jumped from $40.15M to $61.90M. Over Q1, the company released XRP 3B from its escrow wallets, with 2.30B returned, and the rest 700M used for ecosystem maintenance. Overall, the report is quite positive, showing Ripple Labs is sustainable and busy optimizing its ecosystem.

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 liable for the results of the trades arising from relying upon trading recommendations and reviews contained herein.

Image(s): Shutterstock.com

The post XRP Price Analysis – XRPUSD Struggling to Recover appeared first on NullTX.

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Ripple (XRP) на Currencies.ru

$ 1.2402 (+7.46%)
Объем 24H $12.69b
Изменеия 24h: -15.48 %, 7d: -31.03 %
Cегодня L: $1.1541 - H: $1.2536
Капитализация $75.55b Rank 5
Цена в час новости $ 0.3035 (308.63%)

xrp price analysis struggling recover xrpusd increased

Источник: nulltx.com

xrp price → Результатов: 126


XRP Leads Market Rally with 12% Surge: What’s Driving the Spike?

XRP surged 12% to reach $2. 42 on January 6, marking its highest price since mid-November 2025, before hovering around the current $2. 35 mark. Related Reading: Here’s Why The Shiba Inu Price Jumped Over 13% The jump coincided with a strong influx of capital into XRP-focused exchange-traded funds (ETFs), technical breakout patterns, and a sharp reduction in short positions.

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XRP Price Is Not Out Of The Woods As A 56% Crash Could Be Coming, Here’s Why

XRP price may be stabilizing above recent lows, but underlying signals suggest the asset remains structurally vulnerable. While short-term price action shows marginal recovery, market analyst Ali Martinez argues that weakening network fundamentals, large-holder distribution, and fragile technical support indicate downside risk has not been neutralized.

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