While XRP is up over 50% in the past 50 days, rallying from $0.17 to a local top of $0.29 in just over a months’ time, the cryptocurrency is still dramatically down from its all-time high above $3.00, set in early-2018.
In fact, at the current price of $0.278, XRP remains over 90% lower than its all-time high, which means that the asset has dramatically underperformed Bitcoin, down a mere 50% from its $20,000 high.
Related Reading: Traders Expect Bitcoin Price to Explode Big in Next Week: Will It Happen?
Despite this dramatic discrepancy, technical analyses are suggesting that the top altcoin is on the verge of surging again, with prices recently printing strong signs on its long-term charts.
XRP Could Soon Explode Even Higher Than It Has
Prominent crypto trader Inmortal Technique recently shared the below chart, showing that XRP has over the past few days broken past two key long-term resistances simultaneously, boding extremely well for the bullish narrative.
The resistances in question are the downward resistance formed in September of 2018, which has constrained price action since, and a downtrend level that has stopped rallies over the past few months. It has also cleared smaller horizontal resistances around $0.25.
Not to mention, Brave New Coin’s Josh Olszewicz recently laid out a confluence of reasons why XRP could soon break higher.
Related Reading: Here’s Why a Politician Says U.S. Must Smarten Up on Crypto Regulation
Olszewicz cited three technical factors which largely imply that more gains can be had over the coming weeks and months:
XRP has broken above the Kumo band of the Ichimoku Cloud indicator, suggesting a bullish trend.
The 200-day exponential moving average has been passed by the price of the asset. The 200-day EMA is often seen as a key reversal point for many assets.
XRP is looking poised to invalidate a 700-day bearish pitchfork formation in the near future, meaning that there will be much less resistance and that the multi-year downtrend will have been broken.
While Inmortal did not share a price prediction alongside his observation that XRP has cleared key resistances, there are some that have.
Trader Posty recently shared one of his trade ideas for XRP in terms of its USD pairing. He noted that a likely scenario he sees playing out over the next couple of weeks is for the price of the altcoin to fall to around $0.25, which is in confluence with the 200-day moving average, then rally by 24% to a “key level of resistance on high time frames” at $0.315.
Olszewicz said 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.
Related Reading: A Major Ethereum Signal Just Flashed. Last Time it Did, ETH Surged 400%
Featured Image from Shutterstock The post appeared first on NewsBTC. origin »
XRP’s price has slipped 4% in the past 24 hours, falling below the crucial support level of $2. 65. Source: CoinMarketCap This downturn has sparked concerns about further declines, especially after the cryptocurrency recently surged past $2.
Buying resilience at the $0. 72-support has rewarded XRP over the past day. After traversing past a bearish down-channel setup, the alt was well-positioned to challenge its Point of Control (POC, red).
The cryptocurrency market has rebounded significantly over the past day. Ripple’s native coin, XRP, has made a notable bullish gain, and it is eyeing a further uptrend over the coming days.
XRP has been one of the best-performing cryptocurrencies over the past day. After lying dormant for much of the past few months, the cryptocurrency has gained over 50% over the past few days, rallying from the $0.
XRP has surged dramatically higher in the past day. The coin is up 30% against the U. S. dollar in the past 24 hours, making it the top-performing crypto asset in the top 100 by market capitalization.
This past week, the top cryptocurrencies started moving just as Bitcoin broke past the key $10,000 level. After a long time, even XRP investors get to enjoy a rush of greens. The fourth target cryptocurrency jumped 60% in the past ten days to over $0.
The ongoing rally seen amongst major cryptos has allowed XRP to break past the key resistance it was previously facing around $0. 33, with its movement past this level leading analysts to grow even more bullish on the cryptocurrency than they were before.
XRP hasn’t done too hot over the past few months, both in terms of its performance against the U. S. dollar and against Bitcoin. Even over the past year, the third-largest altcoin has collapsed by 50%, underperforming the leading cryptocurrency by a massive margin.
Over the past few days, Bitcoin has strongly outperformed altcoins, especially Ethereum and XRP. On Wednesday, when BTC was trading 8% down on the week, both ETH and XRP — the second and third-largest cryptocurrencies by market capitalization, respectively — were down nearly 15% since the weekly open, crushed under the pressure of BTC volatility.
Crypto exchange company CEX. IO, announced today the listing of Ripple (XRP) for its US customers. This past summer, CEX. IO expanded to more States in a renewed expansion drive. Starting from now, US residents can fully use Ripple (XRP) on CEX.
In light of the fact that the crypto-industry is still in its nascent phase, various studies using different metrics have assessed the market's trends and performances over the past few years.
AlthThe post Bitcoin trumps Ethereum, XRP in terms of auditability credentials appeared first on AMBCrypto.
Ripple price declined heavily in the past few hours and weakened more than 10%. XRP to USD is likely to remain in a downtrend as long as it is below $0. 2040 and $0. 2100. Key Takeaways: XRP/USD Ripple price is down more than 10% and it tumbled below the $0.
The top three cryptocurrencies by market cap, Bitcoin, Ethereun, and XRP, entered a stagnation phase that extended for the past 24 days. The low levels of volatility could be a signal that these cryptocurrencies are due for some price action.
Ripple and its “as-a-gift-received” cryptocurrency XRP have been beaten with many a stick in the past. Their cult-like following, their scummy marketing strategies, and their phantom partnerships/MoUs with the oh-so-hated-in-crypto banks/traditional finance have been covered far and wide.
XRP has had a rough 2019, with the embattled cryptocurrency setting fresh yearly lows just in the past several weeks with its drop down to $0. 20. This bearishness has led XRP to be one of the worst performing major cryptocurrencies in the markets over this past year, and it does appear that further losses could.
A model on XRP price development predicts that the ‘crypto-asset’ will go to zero by next February. Ripple’s XRP has underperformed, and plotting a linear regression predicts more crashes to a lower price range.
The XRP Ledger's on-chain network metrics exhibited positive figures and in what is being touted a major boost for the XRP ecosystem, the number of transactions on the XRPL hit an all-time high of 4.
XRP went on a downtrend along with other top coins last weekend. The coin showed signs of recovery following the dip and surged by 1.48% against the US Dollar over the past 24-hours and was trading atThe post XRP poised for gains as parallel channel takes shape appeared first on AMBCrypto.
If you’ve been following veteran cryptocurrency trader and analyst, Tone Vays, on Twitter or Youtube for the past six months, it’s possible that you might have noticed a hint of negative sentiment from him towards XRP and Ripple.
Stellar Lumens or XLM has been soaring up since last Christmas day, and only in the past 24 hours, it’s been up another 65%, approaching the $1. 00 level versus the USD. If you look closer you will see that Stellar Lumens is very similar to Ripple (XPR).
Over the past week, XRP continued to struggle, with the steep incline on 25 October failing to propel the token above its major resistances. The price has since undergone several corrections and over The post XRP's steady decline may be reversed by breach of falling wedge appeared first on AMBCrypto.
XRP is quickly approaching its record of 1. 7 million daily transactions. This is the most significant spike recorded for the cryptocurrency. The rate of increase has been massive during the past 10 days.
In the past 24 hours, while Bitcoin has surged over 22%, XRP is up only about 3% in the USD market while trading below $0.30 at $0.29, as per Coincodex. XRP is down by more than 14% against BTC. While the digital asset has seen an increase of nearly 13% in the past one month, […]
XRP has been one of the big winners of Bitcoin’s recent bout of consolidation, as the cryptocurrency has been able to surge significantly over the past several days and weeks, putting some notable distance between its recently lows $0.
XRP crossed a major barrier this week by breaching $30-key level but fell shortly after. After a surge of 2.05% over the past 24-hours, XRP rose to a valuation of $0.29, at press time. Lately, XRP’s price has been following an uptrend and as bears continued to dominate the market, a potential bullish breakout could […]
The post XRP to ascend with descending broadening wedge pattern appeared first on AMBCrypto.
Another week, another of Crypto Tidbits. Over the past week, Bitcoin hasn’t done too hot, sliding under $8,000 for the umpteenth time in a few months. A majority of altcoins — save for XRP, Dogecoin, Binance Coin, and a few others — have followed BTC lower, posting 3% to 6% losses.
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.
After remaining bearish for a long time in 2019, XRP price spurted over the past few weeks but has registered decline again. In 2019, the highest price XRP noted was in June, where it was valued at $0.
For the past thirty weeks, the XRP price has been steadily increasing. Its rate of growth has significantly outpaced that of Bitcoin BTC). Therefore, the XRP/BTC pair has seen notable growth. In early September, the XRP price reached an almost two year low of 4233 satoshis.
XRP is seeing a lot of greens in October after dropping down to $0. 235 at the end of September. In the past week, the third largest cryptocurrency surged a good 9 percent. At the time of writing, it has been trading at $0.
When it comes to price movement, XRP might have been slow-paced this year, but in the adoption race, the coin has surged past most altcoins. With Ripple promoting its technology utilizing the third largest coin, its Director of products, Craig DeWitt shared something new with the community.
Ripple has made a lot of headlines over the past few years. Although cryptocurrency enthusiasts still dislike the company, their business model is more than sound. As a result of their approach, Ripple’s partner list has now grown.
XRP’s price rose to $0. 28 and broke crucial resistances yesterday. The bulls however, took a back seat as the market went through a period of stagnancy. Over the past week, Ripple’s native digital asset has recorded a rise of 8%.
XRP has been widely used by major financial institutions for cross-border transfers using Ripple’s technologies, like the xRapid. Ripple’s recent partnership with Moneygram was followed by an active corridor of XRP/MXN, as its volume spiked by 25% on Bitso exchange.
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?
XRP is feeling the squeeze. The past week was a roller coaster for XRP. A ratings council consisting of cryptocurrency exchanges like Coinbase, Kraken and Bittrex, and institutional players like Grayscale, DW Trading and Genesis Trading stated that XRP used “securities-like language,” and that it is more akin to being classified as a “security,” than […]
The post XRP flirts close to descending triangle base; squeeze to prolong altcoin descent appeared first on AMBCrypto.
XRP has been steadily falling in value since late-June 2019. Valued at $0. 24561 at press time, XRP had a market cap of $10. 95 billion and a 24h trading volume of $1. 24 billion, recording a 0. 20% fall over the past day.
XRP Chart Strong It seems that cryptocurrency bulls are back — at least for now. Over the past 24 hours, Bitcoin has gained 7%, rallying to $8,400 from this weekend’s local low of $7,700. Interestingly,...
Will the real security please stand up? The debate around whether cryptocurrencies should be classified as “securities,” has been raging for the past few years. Heating up ever since companies began issuing their own “cryptocurrencies,” while distancing themselves from its inner governance, the case of what differentiates a company issuing an ownership share and a […]
The post XRP uses ‘securities-like language’, while Litecoin and Bitcoin stand clear, claims Crypto Rating Council appeared first on AMBCrypto.
XRP, second-largest altcoin by market cap, was valued at $0. 239 with its price dropping by 1. 87% over the 24-hour cycle. With a market cap of $11. 046 billion, XRP recorded $10. 337 billion trade volume for the past 24 hours at press time.
Wash trading tactics, to boost cryptocurrencies’ price, have reduced by 35. 70% in the past few months. According to the study conducted, exchanges such as Kraken, Poloniex, Coinbase and Upbit were the cleanest exchanges in terms of real trading volume.
This week has been a good one for altcoins as they surged in a long time while Bitcoin remained flat around $10,000. If we take a look at the past 7 days performance of cryptocurrency market, while Bitcoin is in the green by just over a half a percent, top altcoins, Ethereum and XRP are […]
After facing months of lackluster price action, XRP’s bulls have finally awoken and are now propelling the cryptocurrency’s price towards a key region of resistance and it may incur significantly further gains before it slows down anytime soon.
The cryptocurrency market showed signs of recovery on February 20, bouncing back from recent losses. Bitcoin (BTC) managed to sustain levels above $97,000, while major altcoins, including Ethereum (ETH), Ripple’s XRP, and Solana (SOL), posted gains between 1% and 6%.
The US Securities and Exchange Commission (SEC) is soliciting public input on a proposal for an exchange-traded fund (ETF) tied to XRP. In a filing posted on Wednesday, the SEC acknowledged a proposal from Cboe BZX Exchange, Inc.
The U.S. SEC formally recognized Litecoin and XRP ETF filings submitted by CoinShares, adding to a growing list of pending applications based on Ripple’s native token.
Биржа Cboe BZX Exchange подала заявку 6 февраля, предложив запустить Bitwise XRP ETF в категории Commodity-Based Trust Share. Что это значит для инвесторов? Теперь у SEC есть три месяца, чтобы принять решение.
The XRP community is buzzing after US President Donald Trump shared Ripple-related content on the social media platform Truth Social. This comes at a time when institutional interest in the digital asset is rising, especially with the US Securities and Exchange Commission (SEC) formally acknowledging more applications for a spot XRP exchange-traded fund (ETF).