Yesterday proved to be a positive day for many cryptocurrencies, as Bitcoin’s fleeting rally allowed most major altcoins to post gains of 3% or more. XRP, which has been struggling to gain momentum over the past few days, attempted to break back into the $0.20 region, although the resistance at this level proved to be insurmountable.
Analysts are now noting that XRP could once again test this level and see some decent gains against its Bitcoin trading pair, but the lack of investor excitement surrounding XRP could hinder any attempts to rally.
Analysts Believe XRP May See Some Near-Term Momentum
At the time of writing, XRP is trading down just under 2% at its current price of $0.193, which marks a slight decline from its daily highs of roughly $0.20 that were set at the peak of yesterday’s market-wide rally.
This rally led some altcoins like Ethereum and Bitcoin Cash to surge over 3%, although this momentum slowed after Bitcoin faced a strong rejection at $7,500.
Analysts are noting that XRP may be able to further extend this upwards momentum in the near-term, with Loma, a popular cryptocurrency analyst on Twitter, recently offering his followers a chart that shows he anticipates it to surge over 10% against its Bitcoin trading pair in the coming days.
$XRP pic.twitter.com/9dtI4YVJ7T
— Loma (@LomahCrypto) December 29, 2019
DonAlt, another popular crypto analyst on Twitter, explained that he recently bought a handful of different altcoins – including XRP – in anticipation of them seeing some near-term upside against USD.
“Buying some alts against USD today and tomorrow. Namely BCH, LTC, ETH and I might even throw in some XRP if I particularly feel like losing money while pressing buttons. Current prices for reference: $BCH – $208 $LTC – $42.70 $ETH – $129 $XRP – $0.194,” he explained.
Buying some alts against USD today and tomorrow.Namely BCH, LTC, ETH and I might even throw in some XRP if I particularly feel like losing money while pressing buttons.
Current prices for reference:$BCH – $208$LTC – $42.70$ETH – $129$XRP – $0.194
— DonAlt (@CryptoDonAlt) December 29, 2019
Will the Token’s Next Rally be Sustainable?
It is important to note that XRP has struggled to garner any sustainable upwards momentum throughout 2019, which comes even as the cryptocurrency’s utility continues to grow due to initiatives from fintech company Ripple.
As for why this could be the case, Jeffery Tucker, a prominent American economist, recently explained to Russia Today that the cryptocurrency is a very unique technology that is uninteresting to investors despite its potential ability to alter the legacy financial system.
Because investors remain largely uninterested in XRP, it is unlikely that any near-term rally will translate into any sort of major trend shift, and the crypto could continue to remain caught within its macro downturn.
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XRP continues to maintain its spot as one of the leading cryptocurrency assets in the crypto market today after witnessing a notable rally starting the day at the $0. 64 price mark, putting it in the limelight.
Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion.
The 1-day and 1-hour timeframe price chartThe post XRP's rally to 0.
Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion.
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Since last week's 20% price crash, the XRP Ledger network has steadily improved its underlying network traction.
How could this impact the next rally?
The post Why the Next Ripple (XRP) Rally Could Reach $0.60 appeared first on BeInCrypto.
The latest altcoin rally saw XRP take centre stage, with the altcoin offering over 75% returns in the last 7 days. In fact, the aforementioned rally also saw the cumulative crypto-market capitalizatioThe post XRP's price rally: What to expect in the coming weeks? appeared first on AMBCrypto.
XRP underwent an extremely strong rally at the end of November. The cryptocurrency, as many remember, surged around 100% in the span of three days amid one of the most rapid bouts of price action in a high-cap crypto-asset since the 2017 rally.
XRP has gained approximately 50% in the past two weeks, following Ethereum on its steep rally higher. Analysts think the altcoin is poised to move higher should it break a critical resistance. Related Reading: Crypto Tidbits: Ethereum Surges 20%, US Banks Can Hold BTC, ETH’s DeFi Space Still in Vogue XRP Breaking This Pivotal Rally Could […]
The crypto markets are currently caught within an intense uptrend that echoes the feeling of the early stages of the 2017 rally, with altcoins like XRP and others following Bitcoin’s lead and posting massive gains on a daily basis.
XRP is in the throes of an intense rally that has allowed the crypto to climb up to highs of $0. 27, with today’s rally marking an extension of the bullish momentum that was incurred yesterday when it surged up to $0.
Bitcoin appears to be settling into a tight range and the completion of the most recent relief rally has traders wondering when bulls will regain momentum
The XRP price has been correcting the entire year. While it showed some signs of a reversal in September, the rally lost its power and the price has retraced fully. The price has reached a significant support area, which is possibly a make-or-break level for the bullish outlook to remain intact.
Although all eyes have been on Bitcoin as of late, it may be time to pay some heed to altcoins like Ethereum and XRP. According to a recent analysis of the ETH/BTC chart, Ether may soon rally by over 100% against the leading cryptocurrency Bitcoin, with technical and fundamental factors supporting a rally in this.
Bitcoin crossed above a key resistance and several altcoins appear on the verge of a short-term breakout, suggesting the Santa Claus rally is about to start
Ripple price is slowly rising and it is now trading above $0. 1950 against the US dollar. The price seems to be lacking bullish momentum above the $0. 1980 and $0. 2000. There is a key bullish trend line forming with support near $0.
Two years ago, as Bitcoin inched closed to the $20,000 valuation, several altcoins joined the rally. None more so than XRP, the premier payments-centric cryptocurrency enjoyed a massive high in late-2The post XRP at crossroads: 30% uptick or gloomy lows of $0.14? appeared first on AMBCrypto.
Ripple, Inc. unlocked its monthly escrow, raising more questions about the performance of XRP. Over the course of 2019, the token has underperformed, also losing hopes of an end-of-year rally. XRP Long-Term Holding Still Won’t Pay XRP is still down around 30% this year, as 2019 nears its end.
Ripple price is currently correcting from the new monthly low of $0. 2005 against the US dollar. The price might correct further higher, but the $0. 2270 resistance is a crucial hurdle for buyers.
The cryptocurrency market is mixed as the new trading week begins with Bitcoin failing to rally away from critical technical support. A number of altcoins including XRP, Bitcoin Cash and Stellar are following along.
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Brad Garlinghouse, the CEO of San Francisco-headquartered Ripple has responded to the growing criticism of XRP given the third-largest altcoin has failed to see a significant price rally in 2019 even when the market recorded double-digit growth.
XRP has been struggling below the crucial $0.30 psychological resistance point despite the recent Bitcoin rally. At press time, XRP was trading at $0.297 against the US Dollar after a minor surge of 0The post XRP’s price struggle despite positive market indicators appeared first on AMBCrypto.
Ripple has been in a brutal downtrend for nearly two years. Trader Peter Brandt predicts that the cryptocurrency will bottom out as soon as it completes the diamond pattern. Other traders are bullish on XRP as the cryptocurrency posts a solid rally to take out the resistance level mentioned by Brandt.
Bitcoin, along with many other cryptocurrencies, especially Chinese ones, has exploded over the weekend on China’s intention to explore the potential of blockchain. However, Ripple’s XRP is trading relatively at the same level as last Monday.
Ripple price is rising slowly and it is still below the $0.3150 resistance area against the US dollar. The price is facing a lot of hurdles on the upside near the $0.3120 and $0.3150 levels. There is a key bullish trend line forming with support near $0.2950 on the hourly chart of the XRP/USD pair...
After a long bullish rally at the start of 2019, the collective crypto-market collapsed on 23 October, a collapse which saw the top virtual assets recording some major depreciation. When compared to top assets like Bitcoin or XRP, Cardano suffered significantly at the hands of the bears after it fell by over 11.
XRP has been one of the best performing cryptocurrencies in recent times despite its lackluster price action throughout the first half of the year, and its recent series of surges have brought its price to just below its historical resistance level around $0.
XRP gained 36% over the past 23 days, the strongest bullish move in over a year. However, fundamental metrics show decreasing transactions with decreasing active addresses over the past year, despite the numerous RippleNet partnerships and announcements.
Ripple price is climbing higher and it recently surpassed the $0. 2950 resistance against the US dollar. The price is moving towards $0. 3000 and it could rally sharply above $0. 3020. There is a rising channel forming with support near $0.
XRP despite exhibiting any significant price rally in 2019 managed to hold its third spot on the CoinMarketCap ranking. The altcoin was trading at $0. 276 at press time, having seen a 1,93% rise on the 24-hour price chart.
Ripple price is currently correcting gains after setting a new weekly high at $0. 2872 against the US dollar. The price is trading below the $0. 2800 level and it might correct towards the $0. 2720 support.
Another one study by Coinstelegram Research (CTM Research) gives reason to believe that the dominance of bitcoin in the cryptocurrency market is weakening. In the near future, it may continue to fall, and this will give ETH, XRP and Litecoin the opportunity to start a rally.
After facing a sharp sell-off yesterday, Bitcoin was once again able to find support within the upper-$7,000 region, and its recovery back above $8,000 has triggered a notable XRP rally, which is sparking hopes that the next “altseason” is inbound.
Ripple is showing steady growth, adding almost 10% in price over the past 24 hours, will this be the beginning of a new rally for the cryptocurrency market?
Ripple’s XRP displays recovery signals after significant declines, down 7% lower on the weekly chart. According to Coinmarketcap, the token’s trading volume exploded by 122% to $5. 45 billion within the past 24 hours.
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