Ripple Is On A Roll: A Brief Overview Of Recent News

Ripple Is On A Roll: A Brief Overview Of Recent News

This week Ripple (XRP) has been mentioned more often than recently, so we present a brief overview of news and facts showing the keys to the company's success.

This news has positively affected the price of XRP. Over the past 24 hours, the price of XRP has gone up by a whopping 45% accompanied by a rise in the volume over the week from around the $300 million to over $1.5 billion.

XRP

XRP
Price
0.4543 USD -4.39%
0.00005200 BTC 7.35%
Volume, 24h
1,316,427,362 USD
0.00%
Marketcap
17,929,069,685 USD
6.5%
Emission
42%

Related news

Bitcoin, Litecoin and Ripple’s XRP Price Prediction and Analysis for July 23rd: BTC, LTC, and XRP

Bitcoin Price Analysis (BTC/USD) Over the last 24hrs, BTC/USD pair has been trading on a sideways market.  On an hourly chart, the horizontal channels that are acting as the pair’s price resistance level $10694.22 and support level $10374.41 that confirmed the sideways trend. An upward price rally was encountered, with the 7 day MA currently situated above the 21 day MA that indicated a bullish sign.  BTC/USD has slightly gained by 0.04% over the past 24hrs. Additionally, it began trading at $10618.19 and is currently at $10618.19. The Relative Strength Index indicator seemed to have gained momentum since it has moved from a low of 36 to a high of 52 that showed an increase in buyouts.  The RSI indicator is currently heading north, which indicates increase confidence in the coin by investors. Bitcoin Price Prediction At the press time, almost all the indicators are pointing towards a bull sign.  The 7 day MA is above the 21 day MA. The RSI indicator is also heading north which, signals further bullish momentum.  New targets should be set at $10700. Litecoin Price Analysis (LTC/USD) LTC/USD pair has also been dominated by a sideways trend with a temporary resistance and support level being defined at $100.43 and $97.24 respectively.  The RSI indicator that was seen hovering in between level 60 and 40 reflected a sideways market momentum. Aside from a sideways trend, the pair’s price market is bullish since it has been supported by the 7 day MA that is currently above the 21 day MA that signaled a bullish trend.  LTC has upsurged by 0.25% over the last 24hrs, having begun trading at $98.92 and is currently at the rate of $99.17. That showed positive investors sentiments. The RSI indicator is currently trading flat showing that the market is currently lacking momentum. Litecoin Price Prediction Currently, the 7 day MA is above the 21 day MA that signals further bullish momentum.  New targets should be set at $100.50, whereby the temporary resistance level $100.43 is most likely to be broken. Ripple’s XRP Price Analysis (XRP/USD) XRP/USD has also traded sideways over the entire intraday.  The horizontal channels confirmed the sideways trend. XRP began trading at $0.33035 that was followed by a massive dip that fluctuated the price down to a low of $0.32175.  The pair’s price later saw a short-term period of consolidation below the support level $0.032208. XRP/USD pair later gained momentum and was pushed up above the resistance level $0.33051 before embarking to a steady flow.  This placed XRP to its current price of $0.032780. The RSI indicator was seen heading south during the last 3hrs, that indicated reduce buyouts.  Apparently, despite an overall bullish sign, that was supported by the 7 day MA that is currently above the 21 day MA. XRP is slightly down by 0.8% that showed negative investors sentiments. Ripple’s XRP Price Prediction The Relative Strength Index indicator is at the moment heading south that signals incoming bearish rally in the next few hours.  New targets should be set at $0.32500. Cryptocurrency Charts By Tradingview Disclaimer: This is not trading or investment advice. The above article is for entertainment and education purposes only. Please do your own research before purchasing or investing into any cryptocurrency or digital currency. The post Bitcoin, Litecoin and Ripple’s XRP Price Prediction and Analysis for July 23rd: BTC, LTC, and XRP appeared first on NullTX.
NullTX

Ripple Price (XRP) Could Retest $0.3000 Before Fresh Rise

Ripple price failed to hold the key $0.3250 support level and recently declined against the US dollar. The price even broke the $0.3200 support level to move into a short term bearish zone. Yesterday’s highlighted major bullish trend line was breached with support at $0.3260 on the hourly chart of the XRP/USD pair (data source from Kraken). The price could extend the current decline and it might test the $0.3100 or $0.3000 support area. Ripple price is currently trading below an important support against the US Dollar and bitcoin. XRP price might soon revisit the $0.3000 support area before starting a fresh rise. Ripple Price Analysis Recently, we saw a decent rise in ripple price above the $0.3250 and $0.3320 resistances against the US Dollar. The XRP/USD pair even spiked above the $0.3400 level and settled above the 100 hourly simple moving average. A swing high was formed near $0.3418 and the price started a downside correction. It broke the $0.3320 support level to start the current bearish wave. Moreover, the price failed to hold the key $0.3250 support level. As a result, there was a bearish break below $0.3250 and $0.3240. The price traded below the 61.8% Fib retracement level of the upside move from the $0.3100 swing low to $0.3418 high. Additionally, yesterday’s highlighted major bullish trend line was breached with support at $0.3260 on the hourly chart of the XRP/USD pair. It opened the doors for more losses below the $0.3200 support. At the outset, the price is trading near the 76.4% Fib retracement level of the upside move from the $0.3100 swing low to $0.3418 high. Therefore, there is a risk of more losses below the $0.3150 support level. The next support is near the $0.3100 level, below which the price could decline towards the main $0.3000 support area. On the upside, the recent supports near $0.3250 might act as a resistance. There is also a connecting bearish trend line forming with resistance near $0.3225 on the same chart. More importantly, the 100 hourly SMA is positioned near the $0.3255 level. Therefore, a successful break above $0.3260 and the 100 hourly SMA is needed for a fresh increase. Looking at the chart, ripple price is showing bearish signs below the $0.3250 support. Overall, as long as the price is trading below $0.3250 and $0.3260, there are chances of a downside extension below $0.3100 in the near term. Technical Indicators Hourly MACD – The MACD for XRP/USD is slowly losing momentum in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now well below the 50 level. Major Support Levels – $0.3150, $0.3100 and $0.3030. Major Resistance Levels – $0.3225, $0.3250 and $0.3260. Ripple Price (XRP) Could Retest $0.3000 Before Fresh Rise was last modified: July 23rd, 2019 by Aayush JindalThe post Ripple Price (XRP) Could Retest $0.3000 Before Fresh Rise appeared first on NewsBTC.
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