Ripple Price Prediction And Analysis For May 21st – XRP to Recover

2019-5-22 00:20

By Dmitriy Gurkovskiy, Chief Analyst at RoboForex

The XRP is recovering on May 21 after the previous selloff, trading around $0.4013.

Long term wise, after getting to the bottom at $0.2780, the crypto started trading sideways near $0.4540.

On H4, the price is testing the ascending channel support, which may then push the XRP to the resistance at $0.4540, and then to the ascending channel upper boundary at $0.5240; this is well confirmed with the MACD heading upwards.

On H1, the price is making lower highs, which is forming a descending channel. With the Stochastic headed down, the price may well hit the current channel support and reach first $0.3460 and then the major channel boundary at $0.3460.

After analyzing Ripple quarterly reports, Coin Metrics discovered discrepancies with the blockchain, which means the coins are allocated not in the way the RIpple Labs management said.

According to Coin Metrics, the number of XRP coins is by 200M ($84M) more than it is published officially. Meanwhile, the coins are allocated in such a way that at least $1B may remain, which is reasonable but may lead to tokens being released even faster, with all tokens being released in 21 years.

With more tokens, the price won’t be able to rise according to the exchange conditions.

Previously, the XRP got supported by the news on New York City based clients being able to trade XRP tokens in Coinbase.

Disclaimer

Any predictions contained herein are based on the authors’ particular opinion. This analysis shall not be treated as trading advice. RoboForex shall not be held liable for the results of the trades arising from relying upon trading recommendations and reviews contained herein.

The post Ripple Price Prediction And Analysis For May 21st – XRP to Recover appeared first on NullTX.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Theresa May Coin (MAY) на Currencies.ru

$ 0.0006355 (-0.17%)
Объем 24H $0
Изменеия 24h: 0.07 %, 7d: 7.71 %
Cегодня L: $0.0006351 - H: $0.0006355
Капитализация $0 Rank 8455
Цена в час новости $ 0.0003173 (100.28%)

xrp may price ripple trading prediction 21st

Источник: nulltx.com

xrp may → Результатов: 126


Ripple’s XRP Price Analysis and Prediction 2019: Getting Ready To Attack $0.50 Level (May 28th Update)

Daily XRPBTC XRP almost gave away all the May 13th – May 17th (big move of 1600 sats) gains over bitcoin. Right now, XRP is hanging below EMA20 around 4800 sats after being rejected at a sturdy resistance zone of Fib236 at 5600 sats that needs to be shattered before XRP can attack the Fib50 […] The post Ripple’s XRP Price Analysis and Prediction 2019: Getting Ready To Attack $0.

2019-5-28 01:02


дальше еще 77 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Market Expert: Not Long On XRP? You’re ‘Disrespecting’ Yourself

Analysts continue to believe in the potential price surge of XRP, predicting that it is still feasible that the crypto will hit the $3 mark. Related Reading: No Sweat! Dogecoin Will Hit $5 ‘Very Easy’ In 2025 – Analyst A market observer even claimed that XRP is on track for a massive price rally in the ongoing digital asset bull market as many cryptocurrencies are hitting all-time highs due to the positive outlook on the industry.

XRP Price Reaches 3-Year High At $1.6 – 2 Ways It Can Go From Here

The XRP price recently surged to a three-year high of $1. 6, marking a significant milestone in the cryptocurrency’s recent bullish rally. This remarkable price movement has garnered the attention of many analysts as investors continue to project the trajectory of the price.

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.