XRP Price Action: Is XRP’s Market Cap Lower or Higher Than Ethereum?

2019-1-26 17:59

 

XRP Daily Chart

The top two cryptocurrencies – Bitcoin and XRP – have been consolidating for the majority of the week.

Bitcoin is showing some bullish movements, but both cryptocurrencies have formed several Doji candles this week.

A Doji candle is a candle where the open and the close are around the same point and is characteristic of a consolidating market.

It typically reflects uncertainty from traders as to where price action is heading.

XRP has been trading mostly just above a key level at $0.312.

The current candle is forming a Doji at this point after retracing from a price rise earlier in the day.

XRP 4-Hour Chart

The shorter-term 4-hour chart shows several tests taking place at the $0.312 level.

Any price drop below the level has quickly resulted in price rising back up showing traders rejecting prices below the level.

However, the price has been trading for longer periods close to the level and has also tested in numerous times showing that traders are more willing to accept valuations close to the support level.

A dispute regarding market capitalization was started during the week over a report issued by crypto data start-up Messari.

Regarding total market cap, XRP is currently listed third on their platform after a report issued by Messari estimated that approximately $19.2 billion of the circulating supply could be illiquid due to conditions imposed by Ripple.

This results in Messari estimating the XRP market cap to be approximately $6.8 billion while data providers such as CoinMarketCap estimate XRP’s market cap to be around $13 billion.

Key Takeaways: XRP has consolidated for much of the week similarly to bitcoin with several Doji candles formed. Price has been trading just above the $0.312 level and has tested the level several times. Messari calls the XRP market cap into question with estimates that 19.2 billion of the circulating supply is illiquid.

XRP Price Action: Is XRP’s Market Cap Lower or Higher Than Ethereum? was originally found on Cryptocurrency News | Blockchain News | Bitcoin News | blokt.com.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Ripple (XRP) на Currencies.ru

$ 1.1255 (+0.20%)
Объем 24H $6.743b
Изменеия 24h: -0.07 %, 7d: 55.08 %
Cегодня L: $1.0851 - H: $1.1536
Капитализация $64.075b Rank 6
Цена в час новости $ 0.3139 (258.55%)

xrp bitcoin cryptocurrencies candle week doji market

Источник: blokt.com

xrp bitcoin → Результатов: 126


Ripple’s XRP Struggle Against Bitcoin (BTC): Is a Breakout on the Horizon or More Stagnation Ahead?

XRP’s lagging performance has raised eyebrows among traders and analysts. Despite Bitcoin’s bullish trend, XRP seems to be struggling, prompting discussions about its future. Experts have analyzed XRP’s current market position, its prolonged consolidation, and alternative options for investors seeking better returns.

2024-6-5 22:30


Early Bitcoin Adopter Says XRP Price Is Closer To $10 Than You Think – Here’s Why

A Bitcoin adopter has outlined the various achievements of XRP, foreseeing a significant price increase for the cryptocurrency that could move it closer to the $10 milestone.  Bitcoin OG Says XRP $10 In Sight In an X (formerly Twitter) post, Bitcoin OG, Lucky predicted that the value of XRP could significantly appreciate, pushing closer to […]

2023-10-28 19:00


The Great Exodus: Why Are Japanese Investors Choosing XRP Over Bitcoin?

A recent study has revealed that Japanese investors are choosing to invest in Ripple’s XRP over the world’s flagship cryptocurrency, Bitcoin.    XRP Over Bitcoin And Ethereum In contrast to the treatment Ripple and the XRP token are receiving in the US, Japan seems more welcoming to the crypto asset, according to a research paper by the Department of Economics and Finance at the City University of Hong Kong.

2023-9-16 19:00


Фото:

XRP is the only major altcoin underperforming against Bitcoin, so is a rally inevitable?

In comparison to other leading altcoins like EOS, Cardano (ADA), and Ethereum, XRP is still lagging behind bitcoin even after an 80 percent rally against the USD since the first week of January. Analyst says XRP should be higher than where it is now According to Luke Martin, the price of XRP should be 11 […] The post XRP is the only major altcoin underperforming against Bitcoin, so is a rally inevitable? appeared first on CryptoSlate.

2020-2-16 19:00


дальше еще 77 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru