XRP (XRP/USD) price forecast after extending weekly gains

2021-11-3 02:59

XRP price (XRP/USD) on Tuesday edged higher 3.23% to extend gains of the last five days.

The XRP is the native currency that runs on the digital payment platform, RippleNet.

The RippleNet payment platform is an RTGS created to facilitate instant funds transfers globally.

On Tuesday, XRP price (XRP/USD) gained 3.23%, extending the gains accumulated over the last five days. Ripple is the native currency for RippleNet, which is created on the XRP Ledger. The payment platform is a real-time gross settlement system (RTGS) created to facilitate instant monetary transactions internationally. 

The XRP is one of the most popular cryptocurrencies with a fully-diluted market cap of over $112 billion. In the last 24 hours, XRP trading volume fell by about 6.78% to $3.55 billion. 

In the latest developments, Saudi British Bank said it will leverage Ripple’s technology in order to provide its clients with instant USD settlements, further providing a fundamental boost to the XRP currency.

It could be time to buy the rally

From an investment perspective, the XRP appears closer to completing a bullish breakout from a descending channel formation in the intraday chart. Ripple bounced off the key support at about $0.94 last week.

Therefore, investors could target extended gains at about $1.2300, or higher at $1.3226, amid a potential breakout. On the other hand, if the trendline resistance remains resilient triggering a pullback, the XRP could find support at $1.0411, or lower at $0.9411.

In summary, with the XRP/USD price yet to reach the overbought conditions of the 14-day RSI, a channel breakout seems more likely, giving buyers an exciting opportunity. 

The post XRP (XRP/USD) price forecast after extending weekly gains appeared first on Coin Journal.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Ripple (XRP) на Currencies.ru

$ 0.4978 (+0.28%)
Объем 24H $667.628m
Изменеия 24h: 0.78 %, 7d: -2.58 %
Cегодня L: $0.4919 - H: $0.4978
Капитализация $27.631b Rank 7
Цена в час новости $ 1.1484 (-56.65%)

xrp gains price usd weekly forecast extending

Источник: coinjournal.net

xrp gains → Результатов: 126


Despite the Bearish Market, Ripple (XRP) knocks out Ethereum to become the world’s second largest cryptocurrency

The last 24hrs in the world of cryptocurrency has been looming with dark clouds, which has now birthed a significant bearish storm over the majority of the top 100 listed tokens. However, in the midst of the massive shedding of gains, Ethereum saw this as an opportunity to make a momentous climb, even if it […] The post Despite the Bearish Market, Ripple (XRP) knocks out Ethereum to become the world’s second largest cryptocurrency appeared first on ZyCrypto.

2018-11-15 10:13


Фото:

NEM (XEM) Showcases Double Digit Gains as Crypto Market Leader [XRP, Stellar, Ethereum] Slow Down

The beginning of the week for the virtual asset market is performing slower with few exceptions as sellers are tanking bulls from continuing the previous seven days gain. As Ethereum World News team covered pieces related to the price changes throughout the crypto-verse while predicting the outcome, various coins had tremendous experienced tremendous gains.

2018-10-2 15:29


Фото:

Bitcoin, Ether, XRP Weekly Market Update: September 27, 2018

BTC closed September 20, 2018, at $6,493 with substantial gains of approximately $100 and a third consecutive green candle on the daily chart. BTC-USD The U.S. Securities and Exchange Commission (SEC) stated on September 20 that it has begun a review process for the physically-backed bitcoin ETF proposed by VanEck and SolidX and will once again delay its decision in...The post %%POSTLINK%% appeared first on %%BLOGLINK%%.

2018-9-27 19:00


дальше еще 77 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Top 7 cheapest cryptocurrency in the world to buy in 2024

Interesting to know what is the cheapest crypto to buy in 2024? Check out our top 7 low-cost cryptos with potential for growth. Bitcoin (BTC) was in the news recently for reaching an all-time high price of more than $73,000,…

Ripple’s fintech partner Nium cuts valuation by 30%

Singapore-headquartered cross-border payments firm Nium has raised $50 million in a new funding round, marking a 30% discount to its previous valuation. Ripple‘s payment partner Nium has cut its valuation by 30% in its latest $50 million Series E funding…

Lisbon Blockchain Conference to feature elite pitching event for crypto startups

The upcoming Lisbon Blockchain Conference is gearing up to offer founders an avenue to pitch their startups to potential investors. In an April 22 statement, the conference organizers said one of the side events will be a “closed door” pitching competition, allowing crypto startups to showcase their ideas to potential investors.

Bitcoin to hit 1 billion users by 2025? Market expert gives his insight

Raoul Pal compares crypto adoption with internet adoption. Solana's rise in the previous market cycle underscores the importance of adoption. The ongoing crypto bloodbath has sent shockwavesThe post Bitcoin to hit 1 billion users by 2025? Market expert gives his insight appeared first on AMBCrypto.