Ripple’s XRP Follows the Market Leader and Trades at a Key Level

2018-12-10 18:09

Ripple’s XRP has been following the movements of market leader Bitcoin. Both dropped significantly in price leading up to Friday last week but underwent a small recovery over the weekend.

XRP now trades at the key $0.3 level. The market drop on Friday which brought market leader Bitcoin to a 2018 low around $2800 saw XRP drop to $0.285. It had since recovered back above $0.3 over the weekend and currently trades around this point.

With the market back to declining today, it is likely that XRP will drop and potentially stay below $0.3. The 2018 low for XRP is around $0.25, so a return to bearish movements may bring XRP price to this level. The momentum is on the side of sellers with both the MACD and RSI decreasing to the downside.

XRP Daily Chart – Source: Tradingview.com

The market leader Bitcoin which represents over 55% of the entire cryptocurrency market cap has been recording similar movements. A recovery over the weekend brought the price briefly above $3600. Price has started declining since and this has likely resulted in a lower high being formed in both Bitcoin and XRP.

$3000 is the next key level to monitor for Bitcoin, and a drop to this level may bring the entire cryptocurrency market cap below $100 Billion. A drop below either of these may spark another sever sell-off across the market.

Bitcoin Daily Chart – Source: Tradingview.com Cryptocurrency Market Cap Key Takeaways: Bitcoin and XRP recovered over the weekend after a bearish week but have since returned to depreciating. The recovery over the weekend was likely a lower high forming, and the next significant downside move may result in new 2018 lows forming. The key level to monitor for XRP is $0.25 and the key level to monitor for Bitcoin is $3000. A drop to these levels would likely result in the entire cryptocurrency market dropping below $100 Billion and this may spark a severe sell-off. DISCLAIMER: Investing or trading in digital assets, such as those featured here, is extremely speculative and carries substantial risk. This analysis should not be considered investment advice, use it for informational purposes only. Historical performance of the assets discussed is not indicative of future performance. Statements, analysis, and information on blokt and associated or linked sites do not necessarily match the opinion of blokt. This analysis should not be interpreted as advice to buy, sell or hold and should not be taken as an endorsement or recommendation of a particular asset.

Ripple’s XRP Follows the Market Leader and Trades at a Key Level was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News.

origin »

Ripple (XRP) на Currencies.ru

$ 3.0911 (-0.36%)
Объем 24H $6.846b
Изменеия 24h: 0.89 %, 7d: 1.22 %
Cегодня L: $3.0558 - H: $3.126
Капитализация $178.176b Rank 3
Цена в час новости $ 0.3015 (925.24%)

market leader xrp key level trades bitcoin

Источник: blokt.com

market leader → Результатов: 122


Monero Community Praises Bitcoin’s Brainpower Strength and Sees Adoption as Strong 10 Years In

Amid a bear market that is affecting the whole cryptocurrency market, Riccardo Spagni, Monero’s leader and developer, showed that he is very positive about Bitcoin (BTC) and its future. During a conversation on the Magical Crypto Friends show, he said that there is an increased criticism being made to the Bitcoin community. At the same […]

2018-11-19 18:32


NEM Among Top Performers in Top 100 After Coincheck Relisting

The market leader Bitcoin is having a slow start to the week trading sideways. Altcoins, however, are showing mixed performances with many showing small losses and others showing large gains. NEM, the 17th largest cryptocurrency by market cap, is among the top performers in the top 100 with an over 15% appreciation over the past […] NEM Among Top Performers in Top 100 After Coincheck Relisting was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News.

2018-11-12 18:39


Ripple’s Digital Currency XRP Forms Lower High! Set to Return to Downside?

While the market leader Bitcoin has returned to consolidation with low volume trading, the third largest cryptocurrency by market capitalization has been making some significant movements. Ripple’s digital currency had been on a downward spiral since a bearish divergence occurred between price and RSI at the start of October.

2018-10-18 18:44


дальше еще 73 новостей →

Партнеры Currencies.ru



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Crypto Whale Offloads 10,070 Ethereum – Is ETH Losing Its Appeal?

2025 has not started on a strong note for Ethereum (ETH), as the second-largest digital asset by market cap continues to trade below its yearly open. Recent on-chain movements also suggest that crypto whales might be losing confidence in ETH’s potential to deliver outsized returns.

Weekly price analysis: prices decline on risk-off sentiments

The crypto market trended lower last week, driven largely by risk-off sentiments on newly released Fed meeting notes and economic data The Fed expressed caution around inflation, especially as President-elect Donald Trump’s policies will kick in after his inauguration on January 20 Meanwhile, spot crypto exchange-traded funds (ETFs) logged outflows from Wednesday, January 8 Bitcoin […] The post Weekly price analysis: prices decline on risk-off sentiments appeared first on CoinJournal.

Weekly Price Analysis: Prices Decline on Risk-Off Sentiments

Cryptos trended lower last week, driven largely by risk-off sentiments on newly released Fed meeting notes and economic data. The Fed expressed caution around inflation, especially as Trump’s policies will kick in after his inauguration on Jan.

Will Ethereum Bounce Back? Crypto Analysts Discuss Potential Price Recovery

In the past week, Ethereum (ETH) has dropped 9. 3%, falling from $3,630 on January 3 to $3,235 at the time of writing. While ETH is striving to defend the psychologically significant support level at $3,000, some crypto analysts remain confident that the digital asset’s long-term price trajectory is bullish.

Bitcoin price analysis: economic headwinds push price lower

Bitcoin tested the $92,000 level yesterday after falling from a weekly high of $102,000 as sell pressures mounted Macroeconomic factors cause doubts about the market strength as sticky inflation becomes a concern Spot crypto ETFs logged large outflows on Wednesday following the release of the Fed meeting notes Bitcoin’s price has fallen from a high […] The post Bitcoin price analysis: economic headwinds push price lower appeared first on CoinJournal.