Ripple’s XRP Steadied as Bearish Sentiment Holds Sway

2019-12-28 18:19

Coinspeaker
Ripple’s XRP Steadied as Bearish Sentiment Holds Sway

At the hour of composing, XRP/USD is changing hands at $0.1882, generally both unaltered since the start of Friday and on the last day. XRP has recouped from December 18 low of $0.1725; in any case, the further recuperation is by all accounts restricted by a mental obstruction at $0.20.

It’s critical to recall that regardless of whether XRP can turn bullish temporarily, its long term trend remains quite terrible. The cryptocurrency has plunged over 60% over the most recent half-year and has proceeded with its month to month bearish trend from December 2017.

XRP has become bearish gradually. Ripple‘s coin has been worn out than the remainder of the significant digital currencies, be that as it may, the advanced asset may be searching for a volatile advance to the topside.

XRP’s complete market strength has been diminishing essentially from a high of 11% back in January 2019 to its present low of 4.3%.

Even though XRP’s future looks very dull, the advanced money can even now observe respectable gains for the time being. If the relationship with Bitcoin increase more, XRP bulls may search for a week after week pattern change as long as Bitcoin keeps on posting gains.

On the other hand, Ripple’s venture and innovation division leader, Xpring, says they anticipate blockchain and digital money to make a big difference in how cash flows around the world. Ethan Beard says that over the next ten years, he is convinced that cryptocurrencies will become the main component in the transfer of funds both domestically and abroad.

It may not be the end-users using XRP or Bitcoin to buy things, however, any deposit you make can connect the blockchain and can have contact with digital currency in some structure.

Mr. Beard is responsible for the multi-million dollar push of Ripple to support the promotion and adoption of XRP, as well as the development of the blockchain and crypto environment in general.

XRP/USD Is Stuck in a Narrow Range With a Bearish Bias

Supply Levels: $0.1850, $0.1760, $0.1600

Demand Levels: $0.2112, $0. 2020, $0.1950

XRP may return to the support level of $0.1850 and push to the first main resistance level of $0.1950.

However, support from the wider market is also required to strengthen the bullish momentum for XRP Ripple to break through the morning highs from the level at $0.1908 to $0.1950.

XRP/USD’s inability to move above the level at $0.1908 may lead to an XRP tussle throughout the day.

Falling past the level at $0.1850 recorded as the morning low may lead to a breakthrough of the first main support level at $0.1850. Given the general crypto decline, its unlikely XRP would trend above $0.19 level. However, the second major support level at $0.1760 may hold back the day’s decline.

Ripple’s XRP Steadied as Bearish Sentiment Holds Sway

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Ripple (XRP) на Currencies.ru

$ 2.1764 (-2.84%)
Объем 24H $10.927b
Изменеия 24h: -2.89 %, 7d: -9.64 %
Cегодня L: $2.1764 - H: $2.2889
Капитализация $124.602b Rank 4
Цена в час новости $ 0.2687 (709.97%)

bearish market ripple holds xrp steadied sentiment

Источник: coinspeaker.com

bearish market → Результатов: 126


Why Long-term Crypto Investors Should Capitalize on the Ongoing Bearish Market Trend

The current bearish market trend in the cryptocurrency industry has left many enthusiasts pondering how long this plummeting will continue, or if the markets will ever pick up again. To make matters worse, some experts are alleging that Bitcoin is on its deathbed, and the recent drastic decline in the coin’s value seems to affirm […]

2018-9-12 22:39


Фото:

World’s Most Expensive CryptoKitty Sold For 600 ETH ($170,000)

The 896,775th CryptoKitty Sells For 600 ETH Even amidst a bearish market, some users still seem to want to pour their hard-earned crypto funds into popular DApps and smart contracts. As reported by CNET, the 896,775th CryptoKitty, named Dragon, has just been sold for 600 Ethereum (ETH) or the equivalent of $172,000 at the time […] The post World’s Most Expensive CryptoKitty Sold For 600 ETH ($170,000) appeared first on Ethereum World News.

2018-9-6 23:37


Crypto Derivatives Trading Labeled Toxic as Synthetic Bitcoins Claimed Lethal

Synthetic Bitcoins Are Much More Dangerous Than Real Ones Derivatives trading has been going through a phase of resurrection as of late. The reversal in the crypto market, from bullish to bearish, has resulted in the traders increasing the leverage and rushing to swap BTC derivatives that promise greater risk and reward. Even though platforms […]

2018-8-28 20:39


Фото:

Bitcoin Price Analysis: High Shorts Count Could Signal Price Hike

Once again, bitcoin finds itself precariously perched on the bottom of its macro trading range (TR). After a strong round of selling over the course of two weeks plunged the price back to the $6,000s, bitcoin began consolidating for several weeks at the bottom of the TR:Figure 1: BTC-USD, 1-Day Candles, Macro TRAs shown in the figure above, the market has interacted several times at the current price range and it has been a source of three major bullish rallies.

2018-8-25 00:42


Фото:

Why Price Actions and the Blockchain Ecosystem Offer Two Distinct Narratives

Although the cryptocurrency industry is experiencing a bearish market, the broader blockchain ecosystem is snowballing and reaching a point of maturity. Assessing the growth of the blockchain industry by focusing on the cryptocurrency market is thus a misleading metric as the technology is thriving in the broader fintech ecosystem.

2018-8-25 00:00


Фото:

Crypto Execs Remains Bullish, Even Amidst Bearish Setbacks

The cryptocurrency market has had its fair share of fluctuation in the past year or two, with the price of crypto assets reaching all-time highs, just to crash by over 70% subsequently. While this near-unpredictable price action has irked some shorter-term investors (speculative traders), two crypto-centric company execs, Hunter Horsley of Bitwise and Spencer Bogart […] The post Crypto Execs Remains Bullish, Even Amidst Bearish Setbacks appeared first on Ethereum World News.

2018-8-21 02:49


Crypto Trading Revenue to Double in 2018 Despite Bearish Market, Analysts Predict

Crypto prices have risen to dizzying heights and then gone through bearish times over the years. Traders have made millions of dollars and others have lost just as much. Some institutions have hailed cryptos as the next big thing while others have banished them, terming them bubbles and scams. However, there has been one market […]

2018-8-20 17:00


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.