XRP saw some intense bullishness over the past week, with the cryptocurrency clocking some major gains in the early part of the week while Bitcoin and the aggregated crypto market faced some bearish turbulence.
This bearishness in the aggregated market proved to be fleeting, however, and the quick turnaround allowed XRP to climb even further until it reached critical resistance between $0.28 and $0.29.
Analysts are now noting that the crypto could be just a matter of weeks away from its next major upwards push, which could be fueled by “serious fomo” from retail investors.
XRP Faces Overnight Rejection but Bulls Fight Back
At the time of writing, XRP is trading down just over 1% at its current price of $0.277, which marks a slight decline from its daily highs of $0.285 that were set yesterday.
It is important to note that overnight the cryptocurrency did face some downwards pressure, which came about in tandem with the drops seen by Bitcoin and most other major altcoins.
This sharp yet fleeting selloff led the token to drop to as low as $0.268, but buyers quickly absorbed the intense selling pressure and led the crypto back into the $0.27 region.
It is important to note that XRP is currently nearing the “spring phase” of a bullish Wyckoff accumulation pattern, which means that the next several months could lead the crypto to see some intense upwards momentum.
TraderXO, a popular cryptocurrency analyst on Twitter, spoke about this pattern in a recent tweet, explaining that he is waiting for XRP to “push away” from its yearly open before increasing his position size.
“XRP – Patiently waiting for XRP to retest the yearly open and push away before adding further size. So far going to plan!” he explained.
$XRP – Patiently waiting for XRP to retest the yearly open and push away before adding further size
So far going to plan! pic.twitter.com/0O6OBCt0it
— TraderXO (@TraderX0X0) February 8, 2020
Will the Crypto Move Towards $0.33 Before Sparking Intense FOMO-Fueled Rally?
One near-term possibility is that the cryptocurrency will rally up towards $0.33 before finding itself caught within an intense fomo-fueled rally that leads the token significantly higher.
The Cryptomist, a prominent crypto analyst on Twitter, spoke about this in a recent tweet, telling her followers that she believes that XRP will see some intense momentum in the coming few weeks and months.
“XRP: Target of 33 cents remains the latest resistance region. Personally, I do feel in the next few weeks/months we see some serious fomo into this coin,” she noted.
$xrp
Target of 33cents remains the latest resistance region
Personally, I do feel in the next few weeks/ month we see some serious fomo into this coin pic.twitter.com/UHYhlVivvm
— The Cryptomist (@TheCryptomist) February 8, 2020
How the crypto trends in the coming few days could offer insight into just how likely this type of massive rally is.
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Amid recent market volatility, major cryptocurrencies like XRP have seen a wave of optimism among investors and traders as several crypto analysts continue to offer bold predictions regarding the altcoin.
The latest rally across the crypto market may just be the first major impulse upward before retail FOMO occurs and the flow of new money entering the market pushes the prices of cryptocurrencies like Bitcoin, Ethereum, XRP, and more much higher.
With a disastrous year firmly behind its XRP token, there’s no stopping Ripple in 2020. Its major partner MoneyGram just received a $9 million investment from NYSE-listed Brinks. Brinks Invests $9M in MoneyGram As the global leader in total cash management, The Brink’s Company (NYSE: BCO) announced today that it had invested $9 million in MoneyGram International in Q4 2019.
XRP incurred a significant amount of upwards momentum over the past couple of days, which came about as Bitcoin and other major altcoins faced turbulence that put their recent uptrend at risk of being invalidated....
It appears that XRP’s strong price action over the past several days was bull’s attempt to lay the groundwork for a massive upside movement. XRP is now caught within what appears to be a firm uptrend that has allowed the cryptocurrency to significantly outperform both Bitcoin and most major altcoins, which has also led it […]
The post These key factors could propel XRP further after its “highly bullish” 11% rally appeared first on CryptoSlate.
Although XRP was one of the worst performing major altcoins in 2019, it may be the dark-horse of 2020, as the crypto is on the cusp of breaking an intense 750-day downtrend. The break of this long-respected descending resistance line could spark a massive trend reversal that places the embattled cryptocurrency firmly in the throes... The post appeared first on NewsBTC.
It’s no secret that XRP has a track record of seeing incredibly poor performance over the past several days and weeks, with the embattled crypto posting fairly consistent losses throughout 2019 while struggling to match the massive gains seen by many other major altcoins in 2020.
In an announcement dated January 31, 2020, Ripple Inc. partner SBI announced that it will be offering its shareholders the opportunity to choose XRP as part of the dividend payout. SBI to Offer Shareholders XRP Dividends In a major push toward mainstream adoption of Ripple’s altcoin XRP, SBI Holdings – a part of the financialRead MoreRead More.
Although XRP was one of the worst performing major altcoins in 2019, the crypto was able to incur some notable momentum throughout the past month that has allowed it to gain what appears to be a stable foothold within the $0.
XRPL Monitor reports that nearly 23 million XRP has been moved over the past few hours from anonymous wallets, half of which went to the Binance exchange
In a recent episode of Boom Bust, anchor Christy Ai, stated that we’re “expected to see a major devaluation” of Ripple’s XRP asset, following a discussion about the company’s IPO announcement.
The recent announcement by Brad Garlinghouse about Ripple?s IPO has become a hot topic with some being definitely positive on it and some believing this is bad for XRP
The recent announcement by Brad Garlinghouse about Ripple?s IPO has become a hot topic with some being definitely positive on it and some believing this is bad for XRP
Ripple chief executive Brad Garlinghouse has been bashing Bitcoin again on its potential for becoming a major payments network. Meanwhile, the company’s own digital currency, XRP, has added to its losses this week.
Top bitcoin rivals suffered major losses on Thursday after bulls failed to extend the last week’s wild upside price rally. Bitcoin SV’s BSV, after its stupefying climb before mid-January session, led the march downwards.
XRP and the majority of other major altcoins have been able to develop firmly bullish market structures over the past few weeks, which has been driven by the massive 2020 uptrend that the crypto market is currently caught within.
Overnight, Bitcoin faced a firm rejection after attempting to garner significantly further upwards momentum. This instantly led major altcoins like XRP and Ethereum to drop in tandem, shinning a light on some potential underlying weakness within the crypto markets.
The cryptocurrency market is one of the fastest-growing industries in the world, surpassing the $200 billion mark under 10 years.
Some of the major assets like Bitcoin, Ethereum and XRP have a stroThe post Bitcoin preferred more as an 'uncorrelated asset' than 'safe-haven asset' appeared first on AMBCrypto.
There is a class action lawsuit filed against Ripple in 2018 by investors who are alleging that XRP is a security. Even if the suit is dismissed, it is unlikely to have any major effect on the cryptocurrency.
XRP has been slowly clawing its way towards the mid-$0. 20 region, which previously proved to be a strong support level for the cryptocurrency prior to its capitulatory drop to lows of $0. 18 in late-2019.
Minor corrections driven by profit booking within major cryptocurrencies is likely to occur over the next few days but with the current market setup, dips can be viewed as buying opportunities
CoinGecko shares with U.Today its 2019 report, summarizing the performance of Bitcoin compared to other coins, as well as biggest milestones of the crypto market in 2019
Binance has been on an announcement spree for the last few days. It recently announced the launch of XRP/USDT Futures Contracts, along with its extension of perpetual swaps for five major cryptocurrenThe post Litecoin receives another boost as Binance announces LTC/USDT perpetual contracts appeared first on AMBCrypto.
XRP, Ripple’s native cryptocurrency which increased by more than 15 percent in merely two days, will be delisted from BITBOX. The exchange is operated by Japan’s biggest messaging application LINE.
Any suspicious transaction made to cryptocurrency exchanges is closely monitored these days. The Whale Alert account shared some interesting details in the past few days. It is not uncommon for large sums of crypto to move around.
XRP was one of 2019’s biggest losers, posting sizeable year-to-date losses in spite of the massive gains incurred by Bitcoin and some other major altcoins. This poor price action has largely stemmed from controversy surrounding the token’s close ties to FinTech company Ripple.
Ripple price is consolidating above the $0. 1850 and $0. 1880 support levels against the US dollar. XRP could start a larger rally if it clears the main $0. 2000 resistance area. There is a major breakout pattern forming with resistance near $0.
XRP has been one of the worst performing major cryptocurrencies throughout 2019, as it struggled to gain the upwards momentum seen by Bitcoin in the early half of the year, while underperforming BTC during its downtrend during the second half of the year.
Yesterday proved to be a positive day for many cryptocurrencies, as Bitcoin’s fleeting rally allowed most major altcoins to post gains of 3% or more. XRP, which has been struggling to gain momentum over the past few days, attempted to break back into the $0.
A recent statement from an online broker, TD Ameritrade, shows that the firm still hasn’t ruled out adding XRP to its platform, causing the coin’s community to speculate about its potential addition.
The precarious nature of Bitcoin’s recent price action does not lend itself to helping generate bullish price action amongst major altcoins, but one prominent analyst is noting that he believes Ethereum, XRP, and Bitcoin Cash are all decently positioned to see further upside against their USD trading pairs in the near-term.
XRP price crashed in the first quarter, erasing some of the gains made in November when it jumped by almost 500%. Ripple (XRP) has entered a bear market after dropping over 35% from its January high. It was trading at…
Will the XRP breakout to the upside or continue it’s bearish pattern? Let’s find out in this XRP price prediction. Since its launch back in 2014, the XRP (XRP) token has seen an all-time high of $3.40 followed by a…
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Top Analyst Predicts XRP Price Soaring 72,500% amid Altcoin Rout
XRP price may record a massive breakout if a 72,500% prediction from a top market analyst comes to reality.
The XRP price has pulled back in the past few weeks, and technicals point to a deep dive if it loses a crucial support level. Ripple dived from the year-to-date high of $3.40 to the current $2.2. This crash has led to a $62 billion wipeout as the market cap has plunged from over $189 […]
Gemini, the crypto exchange founded by the Winklevoss twins, is promoting its previously launched XRP cashback program, which offers crypto rewards to users. This initiative allows eligible participants to earn rewards on their XRP transactions.
XRP’s price has slipped by 4. 7% in the past 24 hours, continuing a pattern of high volatility that has defined much of March. Amid this decline, however, some see opportunity, with one popular analyst identifying an interesting reversal pattern that could turn the tide to bullish trajectory.
The XRP price has lost momentum this week, falling for four consecutive days and reaching its lowest point since March 11. Ripple (XRP), like other altcoins, has crashed as concerns about the state of the U.S. economy and President Donald…
