Time to go Long Ripple’s XRP?

2018-10-31 18:41

Ripple’s digital currency XRP is now trading near the bottom of the range it has been forming since its appreciation on the news of 0x Project listing to Coinbase Pro. XRP possibly appreciated on the official announcement of the listing due to many investors believing XRP is next in line to be listed on Coinbase Pro.

XRP experienced a drop on Monday in line with the rest of the market and now trades near the bottom of the range it has formed over the past two weeks. Whether this is a good position to enter depends on which way the range is going to break out. If price were to stay in the range, this would be an attractive position, but this trade runs the risk of price breaking out in the wrong direction.

XRP – Daily Chart

The direction that XRP breaks out of the range is likely to depend a lot on the market leader Bitcoin. The recent drop which took place on Monday resulted in altcoins losing further value in comparison to Bitcoin. Bitcoins percentage of the cryptocurrency market cap is now over 54%, and its movements are likely to have a significant impact on those altcoins.

Bitcoin Daily

Ripple’s XRP has lost significant amounts of value in relation to Bitcoin this year. Priced around 180,000 satoshis (0.00180000 Bitcoin) in January, XRP is now priced around 70,000 satoshis.

XRP Priced Against Bitcoin

Key Takeaways:

XRP trades near the bottom of a range it has formed for the past two weeks which some may see as an attractive entry point. Whether it is an attractive entry point depends on how XRP exits the range With Bitcoin representing over 54% of the cryptocurrency market cap, its movements are likely to determine how XRP will exit the range XRP has lost significant value compared to Bitcoin this year moving from 180,000 satoshis to 70,000 satoshis

Time to go Long Ripple’s XRP? was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News.

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Ripple (XRP) на Currencies.ru

$ 2.2413 (-0.47%)
Объем 24H $5.56b
Изменеия 24h: 0.00 %, 7d: -12.85 %
Cегодня L: $2.2155 - H: $2.3331
Капитализация $130.09b Rank 4
Цена в час новости $ 0.5288 (323.85%)

xrp ripple pro listing coinbase time long

Источник: blokt.com

xrp ripple → Результатов: 126


Ripple (XRP) price expected to hit $3 in coming days but traders look toward this XRP rival for greater gains

XRP from Ripple experienced a 7% value increase in the last 24 hours, which created new positive market feelings because experts predict it will reach $3.40. Technological indicators show a crucial market inflection point because the token’s 4-hour resistance barrier has failed and the appearance of a Golden Cross pattern on the Relative Strength Index […]

2025-3-9 08:45


Ripple разблокирует 1 миллиард XRP 1 февраля

Компания Ripple, разработавшая реестр XRPL и выпустившая токен XRP, разблокирует 1 миллиард XRP в субботу 1 февраля. По текущим ценам эта разблокировка стоит $3,10 млрд. Когда XRP был запущен в 2012 году, Ripple оставила 80 миллиардов из этого запаса для собственных нужд, постепенно продавая токены на рынке.

2025-1-31 12:11


Фото:

Ripple предупредила о росте числа криптомошенничеств на фоне бычьего ралли XRP

Компания Ripple предупредила подписчиков в соцсети Х о массовых случаях фишинга и мошенничества на фоне роста крипторынка, в частности, криптоактива XRP.

2024-12-3 12:57


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