XRP is on the “Verge of Something Big” as Trader Targets Move to $0.85

XRP is on the “Verge of Something Big” as Trader Targets Move to $0.85
фото показано с : newsbtc.com

2020-11-19 05:00

XRP’s price action throughout the past few months, and even years, has been nothing more than lackluster, with the token still trading down over 90% from its all-time highs while failing to garner any widespread adoption.

The token’s close ties to FinTech company Ripple has been a double-edged sword for its performance.

On the one hand, its 2017 rally was fueled by high hopes surrounding Ripple’s xRapid product. On the other hand, its intense decline and inability to rally have come about due to the company’s previous pattern of selling tokens each quarter and its inability to drum up adoption for the token.

Despite its multi-year consolidation phase within the $0.20 region, XRP is now showing some signs of life as it moves to break out of its long-held trading range.

A firm breakout here could allow the cryptocurrency to see significantly further gains in the days and weeks ahead.

One analyst is even going so far as to note that a move up to the range between $0.50 and $0.85 could be right about the corner.

This type of strong uptrend would potentially mark the start of its next parabolic trend.

XRP Pushes Towards $0.30 as Entire Crypto Market Rallies 

At the time of writing, XRP is trading down just over 4% at its current price of $0.29. This marks a decline from its daily highs of $0.31 set in tandem with Bitcoin’s break above $18,000 last night.

The sharp decline seen by both BTC and ETH from these highs is to blame for XRP’s inability to hold above the upper boundary of its long-held range channel at $0.30.

It has now flipped $0.28 into strong support, and an ability to continue holding above this level could entirely alter its near-term outlook.

Analyst Claims Move Up to $0.80 Could be Imminent

One trader believes that this latest push higher could be the start of XRP’s next parabolic trend.

He notes that it may take some time for it confirm that this move is imminent, as it needs to close its weekly candle above $0.315 for this to take place.

“XRP is really on the verge of something big here. Looking for weekly close over $0.315. Measured move on the ihs is somewhere in the 50-85 cents range.”

Image Courtesy of Jonny Moe. Source: XRPUSD on TradingView.

The coming few days should offer insight into whether this is a realistic possibility for the embattled XRP token.

Featured image from Unsplash. Charts from TradingView.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Ripple (XRP) на Currencies.ru

$ 1.122 (-0.78%)
Объем 24H $6.618b
Изменеия 24h: 0.10 %, 7d: 56.26 %
Cегодня L: $1.0851 - H: $1.1536
Капитализация $63.877b Rank 6
Цена в час новости $ 0.2873 (290.53%)

xrp token still trading down lackluster nothing

Источник: newsbtc.com

xrp token → Результатов: 126


Bitwise бросает вызов SEC: подана заявка на создание XRP-ETF

Биржевые фонды на основе криптовалют продолжают будоражить умы инвесторов. На этот раз в центре внимания оказался XRP — токен, который долгое время находился под пристальным вниманием регуляторов.

2024-10-2 10:55


Фото:

XRP Holdings On Bitrue Exchange Surges By 300%

Over the last week, the XRP token has dominated the headlines following Ripple’s partial court victory over the United States Securities and Exchange Commission (SEC).   On July 13, Judge Analisa Torres of the US District Court of the Southern District of New York ruled that XRP doesn’t qualify as a security leading to a massive price surge in which the token gained by almost 90%.

2023-7-18 14:30


Ripple: Держатели XRP могут получить токен Spark через раздачу

Витс Винд заявил, что скоро держатели Ripple XRP смогут получить токен Spark через раздачу. Основатель XRP Labs, Витсе Винд, несколько дней назад призвал сообщество Ripple XRP подготовиться к заявлению на токен Spark, собственный токен Flare Network. Flare Network готовится к...

2020-8-25 14:06


Криптоэнтузиаст Тур Демеестер заявил, что XRP — это централизованный токен

С момента создания XRP не прекращаются споры о легитимности токена в качестве криптовалюты, кроме того, актив часто классифицируют как ценную бумагу. Несмотря на то, что приверженцы XRP постоянно защищают токен, большинство людей в криптосообществе по-прежнему рассматривают XRP как централизованную цифровую валюту.

2020-5-8 09:03


Основная часть пользователей eToro инвестирует в XRP

Согласно последнему квартальному отчету компании eToro, больше половины клиентов криптокошелька инвестируют свои средства в токен XRP. Это самый большой показатель инвестиций в токен. Второе место занял биткоин.

2020-4-20 10:30


Четыре фактора, мешающие рывку токена XRP

Токен Ripple XRP неплохо показал себя в 2020 году, достигнув в середине февраля уровня $ 0,34, сейчас цена снизилась до $ 0,24. К сожалению, токен не застрахован от дальнейших потерь, которые на этой неделе понесли практически все криптовалюты.

2020-2-28 13:03


XRPL Monitor Reveals Over 10 Million XRP Coins (Worth $4.5 Million) Sent to a Coinbase Pro Account

XRP data compiler, XRPL Monitor has recently been active on Twitter with updates regarding XRP token moves across different wallets. This seems to have occurred with other cryptocurrencies including Bitcoin [BTC] and Ethereum [ETH] as well, however, it’s the XRP token amounts that have had a shocking effect. As per AMB Crypto’s reporting, on Tuesday, […]

2019-5-30 00:34


Фото:

Токен XRP подскочил на 10% после сообщения о включении в листинг платформы Coinbase Pro

После того, как платформа Coinbase Pro включила в листинг токен XRP проекта Ripple, эта монета подорожала сразу на 10%. Причем ралли токен продемонстрировал в течение всего двух часов, в результате XRP подорожал до $0,33, а рыночная капитализация актива превысила $13,754 млрд.

2019-2-26 08:41


XRP acts as the safe haven for trader profits: Parking TRX gains in the Ripple’s token on Binance

The volume of the TRX/XRP pair on Binance is off the charts, registering record highs which indicates that the profits TRX traders took on Tron’s latest run are spilling over to XRP. According to NewsBTC, the recent release of the BitTorrent Token whitepaper appears to have driven momentum over the past 48 hours for TRX.

2019-1-10 11:30


Ripple Whales still making Big Moves, Over 1 Billion XRP On The Move

The reports of crypto whales for some time now could be observed in the crypto community among major coins. Just a few weeks ago, activities of crypto whales were observed with Bitcoin and now this has been observed for the third largest cryptocurrency in terms of market capitalization, XRP the native token of the technology […] The post Ripple Whales still making Big Moves, Over 1 Billion XRP On The Move appeared first on ZyCrypto.

2019-1-3 00:01


Фото:

Kraken Publicly Asks: Is It XRP or ‘Ripples’?

Confusion continues in the cryptocurrency industry over altcoin Ripple (XRP) after US exchange Kraken publicly asked for help with naming it. 1 Ripple, 2 Ripples? No One Knows The latest episode in a series of bizarre events over XRP token and its notional issuer Ripple, Kraken CEO Jesse Powell appealed to the company’s CTO David Schwarz after it became unclear what ‘XRP’ actually stood for.

2018-12-31 01:00


XRP Voted as The Best Christmas “Crypto Gift” on Twitter

Ripple has enjoyed a very successful year, especially regarding community acceptance. Besides consolidating XRP as the most important altcoin of the ecosystem, dethroning Ethereum, the image of its token has improved a lot during the last months, to the point that it has already had a quite active and enthusiastic community, a phenomenon similar to […] The post XRP Voted as The Best Christmas “Crypto Gift” on Twitter appeared first on Ethereum World News.

2018-12-23 08:31


Фото:

Congressmen Introduce Bill to Change Securities Definition to Exclude Cryptocurrency

Two congressmen are introducing a bill that would exclude digital currencies from securities classification and substantially improve the tax treatment for cryptocurrencies. The new definition could benefit current cryptocurrency projects—such as Ripple’s XRP—and allow for ICOs and STOs to fundraise with more clarity.

2018-12-21 02:03


дальше еще 77 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

XRP Price Will Escalate To $1.03 This Week If This Happens: Analyst

In a new analysis, crypto analyst Dark Defender (@DefendDark) highlights a significant pattern in the daily XRP/USDT chart that suggests a possible sharp rise in the price of XRP. According to his analysis, the XRP price is possibly forming a technical pattern known as a “bull flag” after decisively breaking above the multi-year resistance at $0.

XRP NVT Ratio Has Been High Recently: What It Means

On-chain data shows the XRP Network Value to Transactions (NVT) Ratio has seen some spikes recently. Here’s what it means for the asset. XRP NVT Ratio Reached A High Of 1,162 Earlier In The Month In a CryptoQuant Quicktake post, analyst Maartunn has discussed about how the latest trend in the NVT Ratio of XRP has been like.

XRP Price Gains Speed: Could The Surge Reach $0.80?

XRP price is up over 10% and moving higher above the $0. 620 support zone. The price tested the $0. 740 zone and is currently correcting gains. XRP price started a decent increase above the $0. 620 resistance.