Cryptocurrency

The Hourly View for XRP Last Updated October 19, 2020, 11:16 GMT Currently, XRP’s price is up $0 (1.02%) from the hour prior. This move is a reversal from the hour prior, which saw price move up. 1 The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders . Ripple Daily Price Recap Ripple is up 0.66% ($0.0016) since the day prior, marking the 2nd straight day it has gone up. This move happened on lower volume, as yesterday’s volume was down 15.76% from the day before — and down 22.38% from the same day the week before. Out of the 7 instruments in the Top Cryptos asset class, Ripple ended up ranking 6th for the day in terms of price change relative to the day prior. Here is a daily price chart of Ripple. Ripple Technical Analysis Coming into today the current price of Ripple is sitting close to i...

The Hourly View for XRP Last Updated October 19, 2020, 01:036 GMT At the moment, XRP’s price is up $0 (0.04%) from the hour prior. It’s been a feast for bears operating on an hourly timeframe, as XRP has now gone down 4 of the past 5 hours. 2 The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders . Ripple Daily Price Recap Ripple closed the previous day up 0.66% ($0.0016) ; this denotes the 2nd straight day it has gone up. This move happened on lower volume, as yesterday’s volume was down 15.76% from the day before — and down 22.38% from the same day the week before. Out of the 7 instruments in the Top Cryptos asset class, Ripple ended up ranking 6th for the day in terms of price change relative to the previous day. The daily price chart of Ripple below illustrates. Ripple Technical Analysis C...

Ripple is down 5% and it broke the key $0.2300 support zone against the US Dollar. XRP price tested the next major support at $0.2200 and it is currently struggling to recover higher. Ripple remained in a bearish zone and broke the key $0.2300 support against the US dollar. The price is testing the $0.2200 support trading well below the 100 hourly simple moving average. There is a major bearish trend line forming with resistance near $0.2315 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could nosedive below the key $0.2200 support if it struggles to recover above $0.2320. Ripple Price Testing Key Support Yesterday, we discussed the chances of a sharp decline in ripple below $0.2300. XRP price failed to recover above the $0.2400 resistance and started a fresh decline below the key $0.2300 support level. It declined 5% and traded below the $0.2250 support. It even spiked below $0.2200 and settled well below the 100 hourly simple moving average. A ne...

XRP, at the time of writing, was showing no signs of price movement in either direction in the near-term. Similarly, Cosmos was likely to be neutral or bearish, until overall market conditions took a turn towards the bullish side. Dogecoin, the popular meme-coin, was also stagnant across its price charts. XRP Source: XRP/USD on TradingView XRP is the fourth-largest cryptocurrency in the market with a market capitalization of $11.27 billion. It was trading at $0.25, at press time, with the crypto-asset’s level of resistance laying at $0.267, while the support was at $0.23. The MACD highlighted a bearish crossover and gave a sell signal. However, the Signal line and the MACD line have been moving quite close to each other for the past few days, indicating a lack of strength in the market. The Awesome Oscillator concurred, as its histogram gave a sense of weak bullishness. A strong move above or below $0.25 could set the stage for XRP’s next move. In related news, a report co...

XRP recorded a huge spike in buying interest recently, with the price noting significant gains over the same period. However, there are still important resistance zones for XRP to conquer before it can look above $0.45, a level it has traded under for over a year now. Further down the cryptocurrency ladder, Ontology was trading within a rising channel and implied bullishness while VeChain executed a bullish reversal pattern to flip a level of resistance to support, with the likelihood of it rising in the coming weeks emerging. XRP Source: XRP/USD on TradingView XRP was not able to hold on to its level at $0.3 and was trading just beneath the $0.281-mark, at press time. The activity of whales could be a reason why XRP has not been able to hold on after reclaiming important upside levels on the chart in the past. Further, the Awesome Oscillator noted some bullish momentum, while the Chaikin Money Flow shot upwards to touch a value of +0.42, indicating excellent capital inflows...

Over the past 24 hours, many facets of the altcoin market have ripped higher as Bitcoin, Ethereum, and XRP have entered a short-term consolidation pattern. As reported by NewsBTC, Chainlink (LINK) posted a 40% one-day performance at one point in the past 24 hours. Countless other altcoins, even other large-caps, posted similarly as impressive performances. XRP, as aforementioned, did not participate in this rally. According to Coin Market Cap data, the third-largest cryptocurrency has gained a mere 0.40%, underperforming Bitcoin’s 1.2% performance. Analysts think the asset will soon rip higher, though. Related Reading: Crypto Tidbits: Bitcoin Explodes Past $11k, Ethereum 2.0 Nears, Cardano’s Shelley Launches XRP Could Soon Rip Towards $0.40  XRP could soon erupt higher to $0.40 once it consolidates around the pivotal $0.30 horizontal for a number of weeks, according to a cryptocurrency trader. He shared the chart below on August 8th sharing this sentiment. It shows that ...

Bitcoin, and by extension, the larger crypto-market, have both done well over the last few weeks. Not only did the world’s largest cryptocurrency allay concerns associated with its price performance, but for the first time since March, BTC was also able to sustain a position above its previous psychological resistance of $10,000. At the time of writing, priced at $11,720, Bitcoin was gaining strength on the charts before it attempts to push past its $12,000 resistance. Source: Coinstats The latest surge in BTC’s price had a characteristically profound impact on the market’s altcoins. However, over the past few days, the momentum on some of the altcoins’ charts seemed to have neared a point of exhaustion. XRP Source: XRP/USD on TradingView XRP, formerly the second-largest altcoin in the market, was one of the cryptos to surge on the back of Bitcoin’s recent performance. In fact, over the course of a week, XRP, a cryptocurrency long derided for its lack of volatility, rose...

Ordinarily, Bitcoin’s price performance on the charts will be mirrored by the many altcoins in the market. However, off-late, that hasn’t been the case. Despite many alts noting corrections over the past few days, not every alt got the memo, with the likes of XRP and Dogecoin climbing, while LINK continues to correct. XRP Source: XRP/USD on TradingView XRP, formerly the fourth-largest cryptocurrency in the market, had been on a gradual downtrend on the charts since the day before Bitcoin’s halving in May. However, at the time of writing, this trend seemed to have stalled, if not completely reversed, with XRP noting gains of over 2% on the back of a 3.4% fall, all over a period of 1 week. At press time, XRP was trading at a price that was equidistant from both its resistance and support levels. The aforementioned uptick in value comes at a good time for XRP since the crypto hasn’t had a good 2020. In fact, XRP has been noting YTD gains of just over 2%. XRP’s indicators shared ...

Bitcoin Price Analysis: Can BTC/USD consolidation explode into a breakout to $10,500? Bitcoin price remained lethargic in its trading over the weekend session. While $10,000 lingered at bay, the price failed to break the hurdle at $9,900. The new week trading has started with low bullish interest. BTC/USD has barely made progress from the opening value of $9,751. The price is doddering at $9,757 amid low volatility. Ripple Price Analysis: XRP/USD revives hope for triangle breakout eyeing $0.24 Ripple price is trading within the confines of the 50 SMA resistance and the 100 SMA support. Over the last seven days, the digital asset has held the ground above $0.20. On the upside, resistance remained intact at $0.21, except for the minor breakout that lost steam at $0.2150 on Monday last week. Ethereum Price Prediction: ETH/USD poised for lift-off to $750 – Analyst predicts Ethereum price is still trading 80% below its all-time high. Intriguingly, the second-largest cryptocurrency ha...

In the last year, XRP has suffered one of the worst performances of any top ten cryptocurrency, having lost almost half of its value in this time. It's now down 95% from its peak price in early 2018. This may have something to do with the fact its circulating supply is growing at record rates. According to data from Messari, XRP now has by far the highest rate of inflation of any large-cap cryptocurrency, at 20.5% per year. There is 20.5% more XRP circulating now compared to this time last year. For comparison, Tezos is the only other cryptocurrency with an inflation rate above 10% (currently 13.1%); all other large-cap coins have an inflation rate somewhere between 2.6% (EOS) and 5.1% (LTC). While Tezos has similarly high inflation, its price has performed well in the last year—up 60%. However, it has largely capitalized on a movement towards proof-of-stake coins. On May 11, Bitcoin underwent its third halving, cutting the rewards it gives to miners in half and reducing the am...

In summary: The crypto market dominance of Bitcoin is firmly at 68%.  XRP’s Price is at the mercy of the price movement of BTC ahead of and post-halving.  It is now 48 hours till the Bitcoin halving event and the price of BTC is holding $9,700 as a support zone. Further digging deeper into the crypto market dominance chart, we find that the King of Crypto is firmly leading the rest, and commanding 68% of the total crypto market cap. BTC’s dominance is steady at this value and only time will tell if Bitcoin will provide breathing room for alts to thrive ahead of the Bitcoin halving. Bitcoin dominance chart courtesy of Tradingview.com XRP’s Price Meeting Stiff Resistance on the Journey to $0.25 Back in early April, we had postulated that XRP could hit $0.25 based on the 3-Day chart. In our analysis, he had seen a possible scenario where the value of XRP would continue to gain in the markets and achieve a local top at around the same time the Bitcoin halving occurred. W...

XRP is not being exempted from the crypto-currency market’s recent rebound. The second-largest Altcoin has risen around 100 percent from the lows in March of $0.11. At the moment, XRP is breaching the $0.2200 level of resistance against the US dollar. Last week, with Bitcoin exceeding $9,400, XRP surpassed $0.23, displaying resilience despite a global downtrend. Even though XRP struggles for market dominance that was down 3.91 percent from an all-time high of 18 percent market share by the end of 2017 long ago. Nevertheless, the overall market valuation of the overall Cryptoconomy is approximately $256 billion and BTC is grabbing 66.5 percent with a market value of roughly $170 billion. A bullish run on XRP/USD is foreseen to surpass $0.2500 in tandem with Ripple’s declaration to be the first DLT-focused member of the global ISO 20022 standards body, driving global interoperability standards across financial firms. * At the moment, XRP is breaching the $0.2200 level of resistance agai...

After a slight correction, the bulls are back in the game and are ready to push the rates for the top 10 coins to new heights. However, none of the cryptocurrencies have surpassed 1% growth. Top 10 coins by Coinstats The fast rise for Bitcoin (BTC) with each passing week has positively influenced its market share, increasing it by 2 points and is currently at 65.5%. BTC’s market share The cryptocurrency market capitalization has also grown by around $30 billion since last week, and at the moment, constitutes $245.1 billion. Market capitalization Below is the relevant data for XRP and how it is looking today: Name: XRP Ticker: XRP Market Cap:  $9,703,831,691 Price:  $0.219977 Volume (24H):  $2,122,138,604 Change (24H): 0.88% XRP/USD: Can Buyers Continue to Recover in the Overheated Market? Yesterday, buyers were able to restore the price of XRP to the $0.225 area, but by the end of the day, sellers pushed the price back down to the...

Yuri Molchan As the first day of another month begins, Ripple has released yet another billion XRP, provoking a mixed reaction from the loyal XRP community Several hours ago, Ripple did what it has been doing for the past couple of years – it released one billion XRP from its escrow vault. This year, the blockchain decacorn has been doing it in two portions, 500 mln XRP each. This provoked a mixed reaction from the XRP community – some are again furious, believing this will push the price down, while others are used to Ripple releasing such a massive XRP lump every month and could not care less. In USD, 1 bln XRP is around $211 mln. Ripple kicks out one bln XRP Ripple has been following its regular practice of releasing one billion XRP for a few years now. As the company’s CEO Brad Garlinghouse stated last year, these funds are being used for increasing XRP’s liquidity, for sending to charities and investing into other startups. However, some in the XRP communit...

Denys Serhiichuk Can the price movement of XRP be an example for other top coins to follow? The cryptocurrency market has shown a quick rally over the past 2 days, followed by the growth of Bitcoin (BTC) up to $9,500. At the moment, some of the top 10 coins are already in the red zone, while the main crypto is dominated by bulls. Top 10 coins by Coinstats The sharp growth of the cryptocurrency market has positively affected its market cap, which has risen by $10 Bln over the past day with its value now at $240.5 Bln. Market capitalization The relevant data for XRP is below. The data is relevant at press time. XRP/USD: Can bulls maintain the ongoing growth to $0.25? XRP is the first coin from the top 3 list that has already started its correction after yesterday's rally. The price of this crypto has dropped 2.17% over the past 24 hours. However, the rise over the past week has amounted to 14%. XRP/USD chart by TradingView On the 4H chart, the current de...

Yuri Molchan The third largest currency, XRP, is pumping and analysts are expecting it to continue rising, setting $0.25-$0.30 as their next targets The third largest currency, XRP, is showing a 3.59-percent rise on CoinMarketCap and is already trading at $0.2045. Analysts are in a heated discussion in their threads, offering their opinions on the targets, which include $0.23, $0.25, $0.30. XRP is pumping towards $0.25 Analyst Michael van de Poppe has posted two tweets dedicated to Ripple’s XRP today. In the first one, he just seems to be curious about what is happening to the third most popular coin. He merely posts ‘XRP?’ In the second one, he offers his take on the current situation with the coin’s price. The analyst compares XRP to its rival Stellar Lumens (XLM), saying that XRP now seems identical to the move XLM made before surging to the high inside the range. Van de Poppe expects the next targets for XRP to be 3,000 and 3,300 Satoshis ($0.23, $...

XRP price is trading in positive territory, with gains of some 5.50% on Tuesday. XRP/USD has made a critical break above the psychological $0.2000 mark.  The breach north of this area will likely restore buyer confidence.  XRP/USD daily chart The bulls completed another session in the green, marking seven straight on the move north.  XRP/USD 60-minute chart Price action via the 60-minute chart view has smashed out from a range-block formation. High at $0.1995 the low of the range at $0.1920, it invited a great wave of buying pressure.  Spot rate:                   0.2089 Relative change:       +5.50% High:                          0.2101 Low:                           0.1947

XRP saw a small 0.4% price hike over the past 24 hours as it continues to edge its way toward $0.20. The coin rebounded from support at $0.18 last week as it bounced from a rising trend line. Against Bitcoin, XRP has been falling throughout April and recently dropped into the 2550 SAT level. Key Support & Resistance Levels XRP/USD: Support: $0.191, $0.18, $0.171. Resistance: $0.2, $0.206, $0.218. XRP/BTC: Support: 2550 SAT, 2510 SAT, 2500 SAT. Resistance: 2600 SAT, 2650 SAT, 2710 SAT. XRP/USD: Ripple Continues Struggle To Break $0.20. XRP has been slowly grinding higher over the past week of trading after rebounding from the support at the rising trend line. It is increasing very slowly as it continues to struggle to make any movement above the $0.2 level. XRP has been trading above the rising support line for the past eight weeks now but continues to fail when it tries to break $0.2. Once $0.2 is cleared, XRP should be free to start the makings of a strong bullish p...