Despite XRP Surge, Weekly Close Could Have Deadly Implications

2020-5-5 20:30

XRP may have rallied over 100% from its recent local bottom following Black Thursday and 20% within the last ten days alone, but last night’s weekly close could have deadly implications for the number three crypto asset by market cap. Ripple’s Over 100% Rebound From Black Thursday Lows After maintaining the title of the worst-performing asset in the top ten cryptocurrencies by market cap for over two years running, XRP had been showing signs over the last two months that a new uptrend may be forming. Related Reading | Powerful XRP Fractal Points To Redemption Rally, Start of New Uptrend  From its Black Thursday bottom to the most recent peak, XRP rallied over 100% – more than doubling in value. In the past ten days alone, the number three cryptocurrency by market cap had surged 20%, restoring faith in investors. A number of buy signals had triggered both on the USD and BTC trading pairs. And while it is possible that XRP could continue to grow due to Bitcoin’s bullishness dragging up the rest of the market, last night’s weekly close could be disastrous on the XRPBTC trading pair. XRP Closes Below Critical Level on BTC Trading Pair, What Comes Next For the Altcoin? XRP may have been bullish on the XRPUSD trading pair more due to Bitcoin and its halving, according to a nasty weekly close on the XRPBTC trading pair. The same buy TD Sequential buy signals that triggered on XRPUSD that appear to have led to at least some upside have failed miserably on the XRPBTC trading pair. These highly accurate signals failing, could be a sign of just how bearish the outlook is for Ripple. Just as Bitcoin’s bull run in late 2017 rally got heated, it did so at the expense of altcoins like Ripple. On XRPBTC price charts, Ripple fell below 2500 sats briefly to just 1500 sats, before exploding by over 1000% and reaching an all-time high of over $3.50 and over 22,000 sats. Ripple hasn’t had a single weekly close below the 2500 sat level since then, until now. XRPBTC just closed below 2500 support for the first time since 2017. Related Reading | Altcoins Face The Most Important Weekly Close in Crypto History The last time XRP closed below this key support level, the crypto asset plummeted another 40% in just two short weeks to under 1500 sats. Then, however, it did the unexpected and went on a stocking rally towards its all-time high. If Ripple can reclaim the level, will we see another explosive uptrend? Or is there a chance that Ripple falls to the lowest ever support level at just 500 sats per token? With Bitcoin’s halving here, and the coronavirus continuing to shake up markets, truly anything is possible. Featured image from Pixabay

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implications could deadly xrp close weekly night

Источник: newsbtc.com

implications could → Результатов: 65


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According to reports US lawmakers and the Department of Justice want to ban end-to-end encryption in the name of protecting the children. This could have implications for cryptocurrency. Encryption Embargo The reports are suggesting that Attorney General William Barr has questioned the use of encryption to turn devices into ‘law-free zones’.

2020-2-5 12:00


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Modeling altseason, estimating Ethereum, XRP, Bitcoin Cash, Litecoin prices using BTC dominance

If ‘altcoin season’ happened today what would the cryptocurrency prices look like? What about if Bitcoin continues to reign supreme and BTC dominance keeps rising? We model different BTC dominance scenarios and show the price implications on Ethereum, XRP, Bitcoin Cash, and Litecoin—providing a best-guess estimate of what the markets could look like.

2019-7-12 12:34


European Central Bank: Crypto Currently Has No Significant Implications for Monetary Policy

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2019-5-19 22:30


Exclusive: China’s Bitcoin mining ban inconclusive of country’s position and market dynamics, says eToro’s Greenspan

In less than a month, one of the most significant decisions impacting the price of Bitcoin will be revealed when China’s mining ban proposal returns after public consultation. With the source of a majority of Bitcoin’s hashpower being nipped in the bud, many analysts predict this could have grave implications on the larger market.

2019-4-22 16:30


Фото:

Bitcoin Price Analysis: Keep an Eye Out for a Close Above the Current High

Shortly after falling from its test of the low $4,000s, bitcoin managed to find support in the mid $3,500s. This has proven to be a relevant level over the last few months, and finding support here would be a sign of relatively strong demand:Figure 1: BTC-USD, Daily Candles, Local SupportThe high candle spread rejection following our test of the low $4,000s was an indication that we had strong levels of supply left in the market, but for the time being we are holding support.

2019-3-1 03:44


Trump to Be Accused of Racism, Lies and Criminal Acts by Former Lawyer Michael Cohen

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2019-2-27 22:40


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Wall Street Crypto Advocate Says Bitcoin ETF Is A Matter Of When: What’s Behind the Confidence?

All eyes may be on the QuadrigaCX imbroglio, but talk regarding the implications that a Bitcoin exchange-traded fund (ETF) could propose have continued. This isn’t without reason. Since the Winklevoss Twins effectively started the race for a publicly-traded crypto fund, deemed a “paradigm-shifting” product by post, the subject matter has plagued the front pages of.

2019-2-12 15:30


Фото:

Australia Keen to Pass Bill to Undermine the Blockchain Community

The Australian government has proposed an “Assistance and Access” bill that will provide them with greater surveillance powers such as the ability to gain backdoor access to any encrypted messages. According to Forbes, if the surveillance bill becomes a law, it could be a new standard for other countries in the world, which could cause extreme problems and implications for.

2018-10-8 23:00


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XRP Price Set To Soar Past $5.85, Predicts Crypto Analyst

Crypto analyst Dark Defender (@DefendDark) has issued a bullish forecast for XRP, projecting a price surge above $5. 85 based on a confluence of technical indicators and chart patterns. Despite recent market stagnation, the analyst highlights several key factors—including the application of Elliott Wave theory—that suggest a significant upward movement is imminent.

XRP Whales Are Depositing To Exchanges: Price To Drop Further?

On-chain data shows the XRP whales have been making deposits to exchanges recently, something that could be bearish for the asset’s price. XRP Whales Have Made Several Large Moves In The Past Day According to data from the cryptocurrency transaction tracker service Whale Alert, several large moves have been spotted on the XRP network during the past day.

XRP Bullish Signal: Shark & Whale Population Sharply Growing

On-chain data shows the total number of sharks and whales on the XRP network has seen a sharp increase recently, a sign that could be bullish for the asset’s price. XRP Sharks & Whales Have Witnessed Their Count Go Up Recently According to data from the on-chain analytics firm Santiment, the shark and whale wallets have registered a notable jump over the past five weeks.

XRP Whales Go On $84 Million Buying Spree: Rally To Continue?

On-chain data shows the XRP whales have participated in a large accumulation in the past week, which could be bullish for the asset’s price. XRP Whales Bought More Than 140 Million Tokens Over The Past Week As explained by analyst Ali Martinez in a new post on X, the XRP whales have increased their supply share recently.

XRP & Litecoin See Social Media FOMO: Bad Sign For Prices?

Data shows that users on social media are overwhelmingly showing FOMO towards XRP and Litecoin, something that could be a bearish sign for their prices. Weighted Sentiment Has Spiked For Both XRP & Litecoin Recently According to data from the analytics firm Santiment, LTC and XRP are among the coins that have seen an improvement in sentiment following the recent price recovery.