XRP has been on an absolute tear over the past 60 days.
Since bottoming at $0.17 in the middle of December, the cryptocurrency, currently the third-largest by market capitalization/value, has surged by just under 100%, hitting $0.336 just minutes ago as the time of this article’s writing.
Related Reading: This Bitcoin Metric Is Over 100% Higher in 2 Months, and It’s Critical for Bulls
This move has caught many traders off guard; indeed, after the asset’s -50% performance in 2019, some cryptocurrency investors were sure the asset was on a path to fall to fresh multi-year lows.
Though, one trader called it all, the bottom at $0.17 and the subsequent rally that has shocked investors across the board. XRP, per the eerily accurate analysis, will soon surge even higher.
XRP Could Soon Explode Even Higher: Eerie Analysis
In early-December, market commentator Magic released an extensive analysis of XRP to his TradingView.
In this analysis, the trader attached the below chart, showing how he expected for the cryptocurrency to trade into the future.
Magic’s viewpoint was that XRP would likely continue to correct until it hit the bottom blue trendline, which has been key for the asset over the past few years. Specifically, he targeted the $0.16 point as a price at which the altcoin could bottom.
The analyst continued that after bottoming at $0.16, the cryptocurrency could rally by 100% to $0.34 by February.
What’s crazy is that he called the asset’s exact trajectory over the past 75 days, with XRP following the path he laid out in the above chart.
Magic’s analysis now suggests the cryptocurrency will see a 30% pullback in the coming month, then will explode higher by 200% to 300% to the price point of $1.00 by September of this year.
As crazy as this may sound, Magic’s track record with this analysis gives credence to this target.
And it isn’t only this analysis suggesting XRP will soon rocket higher.
Per HODL2100K, a prominent cryptocurrency trader, XRP’s weekly chart just printed an extremely positive signal, with his IchiEMA indicator printing a buy on last week’s price candle, which brought prices dramatically higher.
Previous buy signals were seen prior to strong increases in the price of the altcoin.
In May of 2019, for instance, the IchiEMA registered a buy before the cryptocurrency rallied by dozens of percent higher.
In September, prior to Ripple’s Swell conference, the same signal was seen, which preceded another move that brought XRP dozens of percent higher.
But most importantly, the signal was seen two weeks before XRP began its infamous surge at the end of 2017, during which the asset gained over 1,000% in under a month’s time, rallying from $0.20 to a price above $3.00.
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A long term investment in the current crypto market can yield great returns by the end of 2025. Some of the best cryptocurrency to buy and hold for the coming bull run include Ethereum (ETH), Avalanche (AVAX), XRP, Jupiter (JUP), and Rollblock’s RBLK.
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The post Japan’s SBI Group brought XRP to the mainstream, will XRP be bullish? appeared first on Invezz.
As we speak, there is substantial controversy around the XRP cryptocurrency. Ripple, the fintech company behind the project owns the lion’s share of XRP, which has led to many in the crypto space saying the cryptocurrency is manipulated and not decentralized.
XRP is preparing to plunge lower as the cryptocurrency forms a bearish price pattern. The cryptocurrency is actually down 1% in the past 24 hours, despite Bitcoin rallying a handful of percent. XRP’s underperformance of the leading digital asset may add pressure to its move to the downside.
XRP has been struggling to maintain the upwards momentum that it incurred just over a week ago. The cryptocurrency met insurmountable resistance within the lower-$0. 30 region that slowed its ascent, subsequently causing it to break back into the upper-$0.
XRP was able to incur some decent momentum earlier this week that sent it into the mid-$0. 25 region. Despite climbing from its recent sub-$0. 20 lows, the cryptocurrency’s uptrend is still underwhelming compared to those seen by Bitcoin, Ethereum, and many of its other peers.
A cryptocurrency trader known as Leo says XRP is set to make some interesting moves upwards. In a tweet, he affirmed the fourth-largest cryptocurrency is “Looking good for a quick scalp”. Adding that the cryptocurrency will go higher in price once it hits a key price level at 0.
Since the creation of XRP, there has been an unending debate about its legitimacy as a cryptocurrency. There are some repeatedly asked questions as well as concerns about XRP decentralization and asset classification.
Ripple is adamant that XRP is decentralized. The evidence disagrees. XRP is a cryptocurrency aimed at reducing the friction between foreign exchange transactions. Like the oil in a car, it...The post Is XRP Decentralized? Ripple’s Involvement in the Cryptocurrency appeared first on Crypto Briefing.
As the global markets continue to suffer whiplash, cryptocurrencies have not been left behind. The flagship cryptocurrency has dived to one-month lows at $7,600. Ripple’s XRP, on the other hand, plunged to $0.
XRP became the third largest cryptocurrency in the world after several years of work by Ripple to increase its use cases and expand the number of companies working with the cryptocurrency. Now, SBI is analyzing the possibility of offering XRP benefits to shareholders by March 2020.
In a shocking turn of events that quickly turned into Australia’s first criminal investigation for the theft of cryptocurrency, Katherine Nguyen stole $450,000 worth of XRP by gaining access to the email ID of a man with the same surname as her.
The cryptocurrency ecosystem is a very diverse one with thousands of cryptocurrency projects, most of which are designed for certain unique uses. XRP is currently the third largest of these cryptocurrencies by market capitalization and it clearly has the vision to become the world’s leading blockchain-based remittance services provider.
The cryptocurrency market saw most major coins fall considerably on April 21 as Bitcoin [BTC], the world’s largest cryptocurrency, registered a dip in prices. XRP, the third largest cryptocurrency on CoinMarketCap, also faced the brunt of BTC’s dip.
XRP has dropped to the position of the third largest cryptocurrency by market cap after underperforming during bullish market rises last week. The underperformance resulted in Ethereum overtaking it and reclaiming the position as the second largest cryptocurrency.
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Now, one expert is saying that XRP isn’t even a “real cryptocurrency. ” Meanwhile, the SEC has yet to issue any official word of whether or not it considers XRP to be a security. XRP – Not a Real Cryptocurrency? Speaking to Express.
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The post XRP not a Real Cryptocurrency Like Bitcoin and Co, Expert Warns appeared first on ZyCrypto.
Leading cryptocurrency exchange desk Coinbase has recently closed off a trio of acquisitions that allowed the business to trade security tokens after they announced that they were been granted the ‘stamp of approval’ from the US Securities and Exchange Commission (SEC).
The largest cryptocurrency exchange in the US, Coinbase, will become the first federally regulated exchange to allow trading in coins deemed as securities. The big move could help in listing popular coins like XRP, which has not received the exchange’s nod yet because its status as a security was frequently debated.
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For all cryptocurrency markets, the next few hours may prove to be crucial. All of yesterday’s positive market momentum is in the books. Right now, it is time to decide if this trend continues or falls apart entirely.
The big news of the day is that Coinbase has been given the green light and is now a licensed as a security broker and is no longer your general cryptocurrency.
The U. S Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA) has given Coinbase the go ahead to list digital coins which are considered to be a security.
The silicon valley technology giant is passing through a lot of stress at the moment. There are law suits against them, debate whether its cryptocurrency XRP is a security and the fear that some investors and customers could withdraw from their service as a result of regulation.
Paybis, a UK based cryptocurrency, and digital currency exchange platform, recently announced that the platform has added support for XRP tokens. They have partnered with Simplex to set up the MasterCard and Visa transactions.
One of Ripple’s senior executives has stated that the biggest risk they face is regulation. This has been the case with cryptocurrency for some time, but now companies like Ripple are realising this and taking steps early to counter this.
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The post How Does Coinbase Exploring Stellar Lumens Impact Ripple XRP? appeared first on Ethereum World News.
BiChip, a human microchip manufacturing company has recently announced about its new digital asset based chip. BiChip is a one of its kind human microchip that can read distance and connect to the internet.
Canada’s new crypto exchange, National Digital Asset Exchange (NDAX) announced its support for the trading of XRP tokens. The brokerage firm will accept Canada’s fiat currency and will not charge for deposits until the end of the current year.
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The post Ripple [XRP] to Transform the Economy How We know It appeared first on Ethereum World News.
XRP/USD Medium-term Trend: Bearish Resistance Levels: $0. 46, $0. 47, $ 0. 48 Support Levels: $0. 43, $0. 42, $0. 41 Yesterday, July 12, the price of Ripple was also in a bearish trend. The Ripple price closed at a price of $0.
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Top Analyst Predicts XRP Price Soaring 72,500% amid Altcoin Rout
XRP price may record a massive breakout if a 72,500% prediction from a top market analyst comes to reality.
The XRP price has pulled back in the past few weeks, and technicals point to a deep dive if it loses a crucial support level. Ripple dived from the year-to-date high of $3.40 to the current $2.2. This crash has led to a $62 billion wipeout as the market cap has plunged from over $189 […]
Gemini, the crypto exchange founded by the Winklevoss twins, is promoting its previously launched XRP cashback program, which offers crypto rewards to users. This initiative allows eligible participants to earn rewards on their XRP transactions.
