XRP didn’t have the best of years in 2019. In a year when effectively all assets posted jaw-dropping gains — Bitcoin gained 95%, the S&P 500 rallied by over 30%, gold posted an approximate 20% gain — the third-largest cryptocurrency plunged 50%. In fact, all altcoins performed really poorly, as accentuated in this experiment NewsBTC covered.
According to a prominent analyst, XRP’s prospects are a bit more bullish for 2020, at least if a key price level can be surmounted in the coming weeks and months.
How The Third-Largest Crypto Could Surge 66%
For cryptocurrency markets and news site Brave New Coin, analyst Josh Olszewicz recently released an extensive video analysis on the XRP altcoin. After pointing out that the cryptocurrency has been a strict downtrend for the past few months, he pointed to a potential bull case.
This being that if XRP manages to break above $0.30, which is where the exists historical resistance according to Volume Profiles and a downtrend trend line, the cryptocurrency could rally 66% to $0.50 in the months following this event.
Can XRP Break $0.30?
Thus, the question remains — can XRP break $0.30 from here? According to a number of analysts, for sure.
Trader Galaxy noted that XRP is “looking ready” to rally 20% or so higher towards $0.28, drawing attention to the existence of a clear uptrend and the fact that the asset has flipped a number of key resistances into supports, boding well for the bullish case.
$XRP looking ready pic.twitter.com/dYzMviNQLe
— Galaxy (@galaxyBTC) January 22, 2020
Also, another trader pointed out that XRP has finally started to decisively break out of a falling wedge pattern that has constrained price action for the past seven months. The cryptocurrency has also surmounted a key horizontal resistance that has been important on a macro basis.
With this in mind, he suggested in the below chart that he expects for XRP to target the 0.382 Fibonacci Retracement of the entire falling wedge over the coming weeks, which suggests a 25% rally to $0.30 is on the horizon.
And Olszewicz himself said in the video that if the cryptocurrency can move above $0.24, just slightly above where it is trading at now, a surge to $0.30 could be had due to his use of the Ichimoku Cloud.
Not to mention, prominent traders that have been eerily accurate in calling Bitcoin’s price action are bullish on the cryptocurrency markets, meaning that XRP could be dragged up with the rest of the market should BTC rally.
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Bitcoin Cash, DASH, Ether, and Ethereum Classic all posted double-digit gains over the past week, suggesting that the altcoin market is ready for a strong upward movement
There’s no doubt the crypto market has suffered a brutal beating in the last 48 hours. Bitcoin, Ethereum, XRP, and a majority of other leading cryptocurrencies have all posted approximately 8% losses since Tuesday’s peak, tumbling as buyers failed to maintain the relatively high prices seen in the uptrend.
2019 proved to be a positive year for the aggregated cryptocurrency markets, with Bitcoin posting a stunning surge of nearly 100%, while altcoins had mixed performance, with Ethereum (ETH) dropping marginally while XRP posted a massive 45% drop.
It is not a secret that altcoins, such as XRP, haven’t done too well in 2019. While Bitcoin (BTC) is up over 90%, starting the year in the $3,000s and now trading at $7,200, a number of leading cryptocurrencies have actually posted losses on the year.
Despite what the news may imply, Bitcoin (BTC) is up on the year, having posted an over 70% gain. XRP, Ethereum, and other altcoins, on the other hand, have suffered, plunging under the weight of a volatile Bitcoin.
Several platforms that use Ripple’s technology are making progress recently. Finablr, a Ripple partner that uses the On-Demand Liquidity services of the technology firm, has recently posted some data about its revenue that confirms the idea that these companies are faring well because they use XRP.
Cryptocurrencies are recovering somewhat today, as we alluded to yesterday. While Bitcoin is still weak at slightly above $8,000, the altcoin thawing continues with a few outliers leading the way.
Throughout the first half of 2019, XRP’s price was stagnant within the mid-$0. 20 region, and it failed to incur any momentum that matched that incurred by other major altcoins that posted meteoric gains throughout the first several months of 2019.
Ripple (XRP) is leading the top cryptocurrencies in gains today, likely in anticipation of the Swell 2019 conference. Last year, XRP posted similar gains in the month preceding the conference as well.
XRP appreciated by 6. 91% in the last 24-hours and was currently priced at $0. 255. As it continued to hold the position as the third-largest coin by market cap on the crypto ladder, XRP posted better gains than top altcoins with a market cap of $11 billion and a 24-hour trading volume of $1.
Bitcoin (BTC) has moved upward to start the week, reclaiming its price point above the $8,000 mark. Major altcoins like Ripple (XRP) and Ethereum (ETH) have also moved positively alongside the cryptocurrency market leader.
Bitcoin’s massive drop yesterday sent shockwaves throughout the aggregated crypto markets, leading most major altcoins – including XRP – to plummet to fresh post-2018 crash lows, which may signal that the rest of 2019 will prove to be bearish for the crypto markets.
Ripple’s token has posted double-digit gains following a major rally in the altcoin space The XRP / USD pair could start to move towards the $0. 3500 level in the short-term Technical pullbacks under the $0.
By CCN Markets: To say that Ripple (XRP/USD) is a laggard would be a huge understatement. The cryptocurrency has been in a long downtrend ever since it posted an all-time high of $3. 30 in January 2018.
Ripple CEO, Brad Garlinghouse, and its executive chairman, Chris Larsen, posted an open letter to congress on Sunday asking authorities not to paint their company with a “broad brush”. The executive duo paid careful attention to emphasize that while bad actors exist in the cryptocurrency space, many are, in fact, doing their bit to stay […]
The post Ripple CEO Tells Congress to Avoid XRP From Facebook Libra Smear appeared first on CCN Markets
As Bitcoin [BTC] prepares to breach $9,000 mark, altcoins seem to be making the most of the BTC-less bullish swing. Led by Bitcoin SV [BSV], several altcoins in the market posted small to major gains in the coin market.
Ripple’s native cryptocurrency, XRP has witnessed an increase in its trading volume along with other digital currencies. The third largest cryptocurrency by market cap was trading at a valuation of $0.
The cryptocurrency market posted major losses following the Bitfinex debacle over the week. The digital coins, however, steered their way out and exhibited minor rises shortly after. The leading coins failed to post impressive rallies as both Ripple’s XRP as well as Stellar Lumens [XLM] were in bearish territory.
By CCN. com: Crypto assets mostly rose Tuesday as a dominant bitcoin jumped to its highest level since November 2018. The combined valuation of some 2,132 cryptocurrencies today attracted more than $4 billion in investments.
Despite the cryptocurrency markets appearing increasingly bullish, the leading crypto assets have posted mixed results in recent weeks. While BCH and LTC have made significant gains over BTC in recent months, ETH and XRP have lost value against BTC for much of 2019.
The leak, which was posted by Vedomosti newspaper, is about Pavel Durov’s TON network testing . Several teams were admitted to the blockchain and installed nodes to test it. Gram will move XRP? According to previous statements by Pavel Durov, TON will process about a million transactions per second. Leaving far behind all existing platforms, […]
One of the biggest South Korean cryptocurrency exchanges, Bithumb was hacked last night for reportedly $30 million worth of cryptocurrency that involves three million EOS ($13 million) and up to 20 million XRP ($6 million).
SchlaubiDev, a dev known for developing an add-on that allowed users to send XRP via e-mails, has developed a new extension for the Google Chrome browser using which users can send XRP via Gmail directly to the recipient’s XRP TipBot.
EOS is surging ahead of other top cryptocurrencies this Wednesday. The EOS protocol’s native token established a fresh session high at $4. 11, up 11. 68-percent from today’s open. In contrast, Bitcoin, Ethereum, XRP, and other top coins managed gains between 2- and 7-percent, barring Cardano’s ADA, which surged up to 10-percent.
It was around a fortnight back when a spokesperson for Ripple’s XRPL Labs stated in an interview that his organization was looking to bring XRP to millions of online shoppers in the near future. In this regard, XRPL Labs founder ‘Wietse Wind recently’ posted a bounty on Twitter for any developer who could “successfully integrate […]
CoinSpeaker
Litecoin Could ‘Light Up’ Outperforming Bitcoin and XRP
Last week, we saw a solid upward move in Litecoin price above the $52. 00 resistance against the US dollar.
A recent article has made a pretty interesting and largely optimistic prediction for Litecoin (LTC). The article which was posted on the official Forbes website, projected that Litecoin will end the year as the third largest cryptocurrency ranked by the market capital, ultimately displacing Ripple’s XRP, which is the current third position. Possible Reasons for […]
In January of 2019, student Conner Brown attended a guest lecture by a Professor Susan Athey at the University of Stanford Graduate School. She gave a presentation to his “Evolution of Finance” class titled “Blockchain and the Future of Finance.
The advanced trading wing of Coinbase has announced that it will finally support XRP/fiat trading pairs. The launch of the digital asset on the Coinbase Pro platform will be staggered across four phases, the first of which is live already.
To The Moon With TradingView The popular stock market data portal TradingView has launched a new dashboard for cryptocurrencies. It is one of the most popular websites not only for equity market but also for crypto charts and prices.
Ripple remains focused on evolving as a company with a better product every day and does not let statements from competitors such as SWIFT and JP Morgan distract them from their goal. In an announcement posted on its official website on 13 February 2019, Ripple, the company behind the popular XRP token and other blockchain-based […]
The post Ripple Upgrades XRP Ledger Version to 1.
2018 hasn’t been kind to the broader cryptocurrency market. It’s no secret that Bitcoin fell by upwards of 70%, as other crypto assets, such as Ethereum, XRP, and the like, posted similar, if not more severe losses.
Quoine Chief: Nobody Knows Where The Bitcoin Bottom Is Even after Bitcoin (BTC) posted a dismal performance in November, purportedly the asset’s worst month since April 2011, diehard believers in this nascent asset class have maintained their zealous faith.
The creator of XRP Tip Bot, Wietse Wind, has recently tweeted that the micro payment service has surpassed, together with Coil, the figure of 10,000 XRP. The landmark is very important for the project and for web monetization.
On Monday, the XRP token from Ripple experienced a surge in its price, bringing it over the $0. 50-mark. Though theories bounced around the community for a while, it soon became clear that this increase was most likely due to a post on Twitter.
Under the ‘Insights’ tab – the San Francisco based blockchain tech startup Ripple posted its Q3 2018 report on its website. Based on the report, XRP sales have doubled from the second quarter of $73.
According to CoinTrendz, over the past day, there were over 2,000 tweets related to Bitcoin which tops the list of most crypto mentions and beats the other leading digital currencies, Ethereum and XRP and with NANO at the bottom of the top ten with over 450 tweets.
Bitcoin surprised the world and rallied after the SEC postponed a decision on the Van Eck/ Solid X Bitcoin ETF. At the same time, XRP, ETH and few other altcoins posted impressive gains. Are cryptocurrencies approaching a turning point? Market Overview This has been a fantastically exciting week for cryptocurrencies.
Stellar’s XLM surged 17% on Friday as the overall cryptocurrency markets posted gains, led by XRP, which was up 55% on a 24-hour trading period at the time of writing. The price rise of Stellar comes as the cryptocurrency is seeing increased adoption, specifically through IBM’s new cross-border settlement system – World Wire.
XRP (XRP)–Despite being embattled in a year long bear cycle, with the trend extending into deep negative territory over the past several weeks, XRP has posted a double-digit gain in price on the day reversing the otherwise downward trend in valuation.
During August, the monthly volume posted by the majority of leading cryptocurrency markets continued to decline. Despite such, the ETC and Dash markets again defied the trend to post an increase in trade volume, with XRP also bucking the downward trend this month.
In 2017, a Twitter user @WillyWonkaXRP posted a plan on how Ripple could improve XRP and its other product offerings. Even though the plan is a year old, the Tweet may still be relevant. In his post, the Twitter user referred to another post by David Schwartz, Ripple’s CTO. Schwartz discussed how Ripple’s product and […]
With Bitcoin dominance over the crypto market showing subtle signs of weakening, crypto analysts are now split on when the true altcoin season will arrive. According to data from CoinGecko, the altcoin market cap has fallen nearly 42% from its…
Coinbase plans to introduce futures contracts for Ripple’s XRP token and has filed with the US Commodity Futures Trading Commission to get the green light. The April 3 filing, made by Coinbase Derivatives LLC, is a self-certification submitted to the…
XRP price forecast suggests a 62–70% rally from $1. 79. Upside wick could touch $2. 80–$3. 00 before month-end. XRP remains in a “boredom phase” after the SEC case closure.
The XRP price was trading above a crucial support level on Wednesday after Kraken added its stablecoin. Ripple (XRP) was trading at $2.10, down over 37% from its highest level this year. The decline has brought its market cap to…
XRP price crashed in the first quarter, erasing some of the gains made in November when it jumped by almost 500%. Ripple (XRP) has entered a bear market after dropping over 35% from its January high. It was trading at…
Will the XRP breakout to the upside or continue it’s bearish pattern? Let’s find out in this XRP price prediction. Since its launch back in 2014, the XRP (XRP) token has seen an all-time high of $3.40 followed by a…
Coinspeaker
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.
