ripple price

Although on its 4 hour chart stipp formed Golden Cross where this gives an indication that Buyers are still dominating but with the appearance of the Head and Shoulders pattern and the appearance of the Bearish Pitchfork Channel and deviations between the Ripple price movement and the Stochastic Oscillator indicator indicating that in the near future they will move down to test the 0.3943 level if this level is successfully broken down then Ripple has the potential to go to the level area 0.3855-0.3732 as the main target and the level 0.3597 as the second target but all of these scenario setups will become invalid and cancel by themselves if on the way to the target levels Ripple suddenly reverses upwards above the level 0.4216.

 

Relevance up to 03:00 2023-01-28 UTC+1 Company does not offer investment advice and the analysis performed does not guarantee results. The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

Rea

Analysis Of The Ripple (XRP) Price Movement

Altcoins: Where Ripple (XRP) Price Could Bottom And How To Reenter The Market

FXStreet News FXStreet News 12.05.2022 16:35
XRP price is hovering around the $0.395 weekly support level, trying to discern the directional bias. A breakdown of this barrier could knock Ripple by 50% to the volume point of control at $0.186. If buyers manage to recover above the $0.621 barrier, it will invalidate the bearish thesis. XRP price shows an interesting outlook as it crashes below multiple support levels on a weekly time frame. This bearish outlook is inescapable as the LUNA-UST kingdom collapses. The domino effect is not just felt by BTC but also by the entire ecosystem. Despite the brutality witnessed over the past week, more could be around the corner, which could drive Ripple further down. XRP price at make or break levels XRP price has been producing lower highs since April 12 swing high at $1.96, with the swing lows forming a base around the $0.621 support level. This consolidation was seen for over a year before a decisive breakdown was seen in the second week of May. Read next: Stablecoins In Times Of Crypto Crash. What is Terra (UST)? A Deep Look Into Terra Altcoin. Terra - Leading Decentralised And Open-Source Public Blockchain Protocol | FXMAG.COM Since then, XRP price has crashed 32% to where it currently trades at $0.382. The massive downturn comes as the entire crypto market is in a selling frenzy after the 98% crash in LUNA price due to the instability of the UST peg. While the $0.395 weekly support level seems to have it under control, things are not as simple as they seem from the outside. As Bitcoin hovers around $28,200, the chances of a relief rally are high, especially since it has dipped into most of the 2021 liquidity pools. However, a further descent in the big crypto’s market value will cause XRP price to shatter the aforementioned support level. The remittance token could then crash by 53% to retest the volume point of control at $0.186 for the price action since 2017. Read next: Altcoins: What Is Polkadot (DOT)? Cross-Chain Transfers Of Any Type Of Asset Or Data. A Deeper Look Into Polkadot Protocol | FXMAG.COM This point is where the highest volume for XRP price was traded since 2017, making it a critical inflection point. Thus, the $0.186 level will likely serve as stable support and see accumulation come into the picture. Regardless, the point still stands – a 50% crash is on the cards for XRP price if it fails to hold above the $0.395 foothold. XRP/USD 1-week chart Further representing the grim and oversold nature of XRP price is the 365-day Market Value to Realized Value (MVRV). This on-chain metric determines the average profit/loss of investors that purchased XRP over the past year. A negative value indicates that the market participants are at a loss and are less likely to sell, representing an opportunity to accumulate for long-term holders. Historical data notes that the recent sell-off for XRP price puts the 365-day MVRV at -53%. These levels were last seen in October 2015, when Ripple was hovering around $0.0046. This outlook represents the massively unprecedented sell-off and, from a long-term perspective, could be a good place to accumulate. Still, a further crash in Bitcoin price could completely annihilate the current support level and knock the remittance token down by 50% XRP 365-day MVRV It is worth noting that if the bulls manage to kick-start a recovery at $0.395, pushing Ripple toward $0.621, it may encourage sidelined investors to reenter the market. Under these conditions, buyers would have to push XRP price above the $0.621 barrier on a weekly chart to invalidate the bearish thesis. This development could propel the remittance token to sweep the $0.917 equal highs formed on February 7 and March 28.  
Analysis Of The Ripple (XRP) Price Movement

Altcoins: Ripple Crypto - What Is Ripple (XRP)? Price Of XRP

Rebecca Duthie Rebecca Duthie 20.05.2022 13:37
Summary: What is the Ripple Platform and how does it work? Advantages of the Ripple exchange. Ripple’s past, present and future price positions. The Ripple Network Ripple was founded in 2012 and was based on the founder of the ripple ledger, Ryan Fugger. The ledger is a cryptographic ledger powered by a peer-to-peer network of nodes. The purpose of Ripple is to service the needs of the financial services industry. The XRP token consistently ranks in the top 10 cryptocurrencies in terms of market capitalization. Peer-to-peer networks refers to the direct exchange of an asset between individuals, the transaction does not involve a central authority. XRP is the native cryptocurrency of Ripple Labs Inc, a cryptocurrency payment system. XRP is Ripples digital asset used for global payments, the cryptocurrency allows the transferring of payments at very low cost which aims to attract the attention of banks and retailers. Ripples superpower is the combination of extremely low costs and completing the transaction in under 5 seconds. Read next: Altcoins: What Is Litecoin (LTC)? A Deeper Look Into The Litecoin Platform| FXMAG.COM What makes Ripple Unique? Ripple is a cryptocurrency platform that has been sharpened for over a decade. Ripple is known to be a cryptocurrency built for business use. Ripples enterprise-grade solutions are quicker, more cost-effective and more transparent than the more traditional form of financial assets. The Ripple users use these solutions to facilitate instant payments, find and buy crypto, engage audiences, grow their treasury, drive new revenue and lower capital requirements. Read next: Altcoins: What Is Monero? Explaining XMR. Untraceable Cryptocurrency!? | FXMAG.COM Ripple offers innovation for businesses, governments, financial institutions and more. The Ripple platforms allow for cross border payments to enhance payments with real-time settlement, liquidity management and better access to working capital. Ripple also creates crypto liquidity through the use of an all-in-one platform to hold, trade and buy digital assets, delivering the crypto services users’ customers want. CBDCs implement a scalable, secure, and sustainable central bank digital currency that meets the high security standards of a normal central bank. How does XRP work? Unique mining process: Ripple doesn’t mine, the XRP ledger was pre-mined. 100 billion XRP tokens were created and are released publicly periodically. This has raised concerns that if too many coins are released at once, diluting the value of XRP, this is because part of what gives XRP its value is its scarcity. Ripple owns a portion of XRP, this acts as an incentive to help the crypto grow and be successful over time. The maximum supply of XRP is 100 billion, the current circulating supply 48.34 billion tokens. The current market cap of XRP is around $20.742 billion. XRPs Ripple network somewhat centralizes the network and uses a consensus protocol. Anyone can download and use its validation software, it maintains a unique node list, users can select this list and use it to find participants who they believe are least likely to defraud them. Advantages of Holding XRP: Fast settlement: the confirmation of transactions is very fast, the average time is around 4-5 seconds per transaction. Very low fees: the cost to complete a transaction through the ripple platform is the equivalent of 0.00001 XRP. Versatile exchange network: Ripple platform users are not limited to transactions of only ripple, they can also process fiat currencies and other cryptocurrencies Used by large financial institutions: large enterprises have the opportunity to use Ripple as a transactions platform. Santander and Bank of America are 2 large financial institutions currently using the ripple platform, this is an indication that Ripple network has larger institutional adoption in the market than most cryptocurrencies. Past, present and future prices of Ripple In 2018, the price of Ripple XRP skyrocketed. After the sharp increase in price the value of the token fell drastically. Since then the price of the token has not seen any drastic movements. The price did start to increase again in early 2021 but has since seen some volatility and has not managed to find a particular trend. In the present economic conditions, the global markets, including the crypto market ,have seen a lot of volatility. It has become increasingly clear to market participants that inflation and wider market conditions affect the crypto market too. Read next: Altcoins: What Is Polkadot (DOT)? Cross-Chain Transfers Of Any Type Of Asset Or Data. A Deeper Look Into Polkadot Protocol | FXMAG.COM In the future some analysts predict that the price of XRP could reach more than $10 by 2030. However, the crypto markets are volatile and so it is difficult to make accurate predictions. XRP Crypto Price Chart How to buy XRP Users need to find an alternative cryptocurrency exchange to the popular ones, such as Coinbase, Gemini or eToro. Uphold could be an option or purchase outside the U.S or take chances on a decentralised exchange. Follow FXMAG.COM on Google News Sources: coinmarketcap.com, ripple.com, time.com, challengelly.com, forbes.com
Bitcoin Price (BTC/USD) Is In Tight Consolidation! Which Direction Will It Strike? | Geco.one

Bitcoin Price (BTC/USD) Is In Tight Consolidation! Which Direction Will It Strike? | Geco.one

Geco One Geco One 23.05.2022 14:45
Bitcoin fell between 5-12 May 2022 by over $13,000, i.e. over 33%. It increased the range of the ongoing from 28 March 2022 depreciation to over $21,000, i.e. 44%. In turn, counting from the peaks of November 2021, BTC decreased by over $42,000, i.e. 61%. Bitcoin Price (BTC/USD) Such a significant sale caused the exchange of the oldest virtual currencies to drop from $69,000 to below $27,000, which was the lowest level since December 2020. It is noteworthy that this trend did not stop around the critical level of support of $29,000, where various types of demand reactions have occurred many times in the past. It was no different now. This time, however, the rebound turned out to be extremely modest, and as a result, Bitcoin found itself in a horizontal trend. Considering that the consolidations are corrective formations, statistically, more often, the market will push out of this type of system in the direction consistent with the earlier move. This particular case increases the risk of a potential bottom breakout, which could signal a potential for further declines to the $24,000 region or even below $20,000. This scenario may also be supported by the fact that the upper limit of this system coincides with the measurement of 38.2% Fibonacci correction from an earlier downward impulse. Ethereum Price (ETH/USD)  The current situation on the Ethereum quotes is also identical. The price of this cryptocurrency fell between 3 April and 12 May this year by 52%, dropping to the Tech Support area of $1,750, the lowest level since July 2021. However, taking into account that the demand response that appeared around this support was much more modest than the rebound observed in this area already in May, June and July 2021, one can assume that in the end, it will turn out to be only a correction, after which the ETH rate will return to around $1,750. Read next: Altcoins: What Is Litecoin (LTC)? A Deeper Look Into The Litecoin Platform| FXMAG.COM A permanent drop below this price level could open the door for further declines to $1,400. There is another significant support around which we could expect a greater demand response. It is worth mentioning here, however, that although the consolidations are corrective formations, there is no rule determining when the market should break out of the system. This fact means that, although the statistics favour further declines before they happen, the ETH exchange rate may remain in the range of $1,900 to $2,150 for some time. (XRP) Ripple Price Looking at the XRP quotes, we can see that the price of this cryptocurrency fell between 28 March and 12 May this year by over 63%. This sell-off led to the breach of several important support zones and did not stop until around $0.36, where on 12 May this year, there was a demand response. Read next: Altcoins: Ripple Crypto - What Is Ripple (XRP)? Price Of XRP | FXMAG.COM However, the subsequent rebound did not last too long. As a result, the XRP price has remained in the horizontal trend for several years. It assumes a return to the vicinity of $0.36 seems more likely. If, however, this support was permanently defeated, then the quotations of this cryptocurrency could even move towards $0.20. Binance Coin (BNB) The current situation on Binance Coin's quotes is also very interesting. The price of this cryptocurrency fell between 7 November 2021 and 12 May 2022 by over 67%. This sale only stopped around $260 technical support - on Thursday, 12 May this year, there was a demand response. Due to the rebound that has continued since then, the BNB price has risen by more than 51%, thus returning to the area of ​​previously defeated support (now resistance) of $330. If a larger supply relationship is around this level, signalling its potential rejection, the BNB price could return to around $260 or even drop further to the $200 region. It’s finally time to get down to business. Start serious trading with Geco.one - top 20 cryptocurrencies, 1:100 leverage, staking, low fees, intuitive design, no KYC. Trading on derivatives has never been easier. Join us https://app.geco.one Follow FXMAG.COM on Google News
Crypto: Extreme Fear!? Bitcoin Price (BTC/USD) Is Stable, But Ether’s (ETH) Performance Reflects The Pressure. What About Ripple And Stellar? | FxPro

Crypto: Extreme Fear!? Bitcoin Price (BTC/USD) Is Stable, But Ether’s (ETH) Performance Reflects The Pressure. What About Ripple And Stellar? | FxPro

Alex Kuptsikevich Alex Kuptsikevich 26.05.2022 09:34
Bitcoin ignored the positive dynamics of US stock indices on Wednesday, further reducing the amplitude of its fluctuations. The first cryptocurrency has been moving in a $29.5-30.0K range since the start of active trading in New York. We caution that this reduction in volatility risks turning into an explosion in the near term, potentially setting off momentum for a few days or weeks. BTC Price A formal break of consolidation would be considered a consolidation beyond the previous local extremes, which are located at $30.2K and $29.3K. Going beyond those limits in a sharp move promises to trigger a wave of liquidation of positions that the bulls and bears have brought closer to the current price due to low volatility and bored speculators in recent days. Outside of Bitcoin, the situation is more worrying. The total capitalisation of the crypto market, according to CoinMarketCap, has fallen 1.6% in the last 24 hours to $1.25 trillion. Bitcoin’s dominance index is 0.4 points to 45.1%. Ether Price (ETH/USD) Ethereum lost 3%, dropping to 1915, the lower end of a steady trading range for the past two weeks. The daily candlestick chart clearly shows a sequence of increasingly lower local highs. This dynamic is a sure sign of a sustained sell-off in crypto, temporarily covered by Bitcoin’s stability. Read next: Altcoins: What Is Polkadot (DOT)? Cross-Chain Transfers Of Any Type Of Asset Or Data. A Deeper Look Into Polkadot Protocol | FXMAG.COM Bitcoin’s stability against such an external backdrop may be nothing more than a temporary consolidation of capital in the most liquid cryptocurrency and is supported by improved sentiment in stocks. Crypto Fear And Greed Index The cryptocurrency Fear and Greed Index was up 1 point to 12 by Thursday and remains in “extreme fear”. Ripple lawyer Stuart Alderoty criticised the stance of US Securities and Exchange Commission Chairman Gary Gensler and the SEC’s desire to seize administrative control of the cryptocurrency market. Stellar will provide its technology to the Central Bank of Brazil to develop the digital currency. Follow FXMAG.COM on Google News
Analysis Of The Ripple (XRP) Price Movement

How Have Ripple Price Changed? Trading (Ripple) XRP Amid Crypto Market Crash? Trading plan for Ripple for June 17, 2022

InstaForex Analysis InstaForex Analysis 17.06.2022 15:50
Relevance up to 15:00 UTC+2 Company does not offer investment advice and the analysis performed does not guarantee results. The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.   Technical outlook: Ripple dropped through the $0.29300 lows early this week before finding support again. The crypto confirmed a bullish Morning Star candlestick pattern after bouncing from the above and rose up to the $0.34600-700 mark thereafter. High probability remains for bulls to hold prices above $0.29300 and continue pushing higher towards the $0.41000 initial resistance in the near term. Ripple has been dropping since reaching the $1.91600 level, which was registered in April 2021. The above drop looks like a complex corrective structure, which was completed around $0.29300 early this week. A break above the initial price resistance seen through the $0.41000 mark would confirm that bulls are back in control in the near term. Ripple might continue its drop further but ideally after a meaningful corrective rally towards at least the $0.91500 level. Please note that it is passing close to the 0.382 Fibonacci retracement of the entire drop between the $1.91600 and $0.29300 levels respectively. Traders might be willing to initiate fresh long positions against the $0.29300 mark. Trading plan: Potential rally through $0.91500 against $0.29300 Good luck!   Read more: https://www.instaforex.eu/forex_analysis/280645
Analysis Of The Ripple (XRP) Price Movement

Cryptocurrency: (XRP/USD) Ripple - Technical Look And Expectations - 18/08/22

InstaForex Analysis InstaForex Analysis 18.08.2022 15:28
Relevance up to 11:00 2022-08-19 UTC+2 Company does not offer investment advice and the analysis performed does not guarantee results. The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade. Ripple was traded at 0.3757 at the time of writing. In the short term, the altcoin seems undecided. It continues to move sideways even though Bitcoin announced a potential deeper drop. XRP/USD is fighting hard to resume its leg higher but the near-term resistance levels stopped the bullish momentum. In the last 24 hours, Ripple has gone down by 0.62% and by 1.15% in the last 7 days. XRP/USD Extends Its Sideways Movement     XRP/USD is trapped between 0.3870 and 0.3592 levels. The buyers seem exhausted after failing to take out the near-term upside obstacles. Still, as long as it stays above the uptrend line, the altcoin can try to resume its growth. The descending pitchfork's upper median line (uml) represents dynamic resistance. Staying below it and making a new lower low may activate more declines. XRP/USD Forecast A new higher high and a valid breakout above the R1 (0.3920) may announce further growth and could bring new long opportunities. On the other hand, making a valid breakdown through the uptrend line and below 0.3592 could activate more declines.   Read more: https://www.instaforex.eu/forex_analysis/289059
Analysis Of The Ripple (XRP) Price Movement

The Ripple Rose, Will The XRP Price Trade Up?

InstaForex Analysis InstaForex Analysis 22.09.2022 13:52
The price of Ripple was trading in the green at 0.4265 at the time of writing and it seems determined to approach and reach new highs. Technically, the price action signaled exhausted sellers and a potential upside movement. XRP/USD increased by 27.58% from Monday's low of 0.3398 to 0.4335 yesterday's low. Ripple is up by 5.30% in the last 24 hours and by 26.09% in the last 7 days. Still, a larger growth needs strong confirmation. XRP/USD Downside Is Over! As you can see on the H4 chart, the price came back above the ascending pitchfork's median line (ML) and above the 0.4098 static resistance signaling strong upside pressure. Personally, I've drawn the ascending pitchfork hoping that I'll catch a long opportunity. The price retested the lower median line (LML) validating the pitchfork. Stabilizing above these broken levels mays signal further growth. XRP/USD Forecast! Coming back to test and retest 0.4098 and the median line (ML), registering false breakdowns could announce a fresh bullish momentum from above these broken resistance levels. This scenario could bring long opportunities. Also, a bullish closure above the R2 (0.4350) could activate further growth towards the upper median line (UML).     Relevance up to 13:00 2022-09-23 UTC+2 Company does not offer investment advice and the analysis performed does not guarantee results. The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade. Read more: https://www.instaforex.eu/forex_analysis/293842
ByBit talks trading bots. What are they? How can they help?

Cryptocurrency: Bitcoin Up, Ethereum Price Found Support, Ripple Price (XRP) Jumped!

Alex Kuptsikevich Alex Kuptsikevich 23.09.2022 10:17
Ethereum plunged below $1300 Bitcoin has gained 3.8% in the last 24 hours to $19.4K. Quotes have stabilised near the lower bound of the three-month range. Ethereum gained temporary support after falling below $1300 and is up 6.7% in 24 hours. XRP jumped 28% overnight and 66% over the week to $0.54, posting the highest gain among top-100 cryptocurrencies. There are rumours that crypto whales have switched from ETH to XRP after the SEC and Ripple Labs asked the court to speed up hearings for their case. Other top altcoins are rising between 4.5% (BNB) and 7.1% (DogeCoin). Despite this upward move, the technical picture does not yet point to a break in the downtrend, and widespread monetary policy tightening leads us to expect further pressure on markets. On the other hand, we see precious metal prices rising with a 5% increase in crypto market capitalisation over the past 24 hours. This could be the start of a new trend, where investors are looking at alternatives as a safe haven for capital due to concerns over the solvency of countries. Cryptocurrencies amid macroeconomic realties Changpeng Zhao, CEO of the world's largest cryptocurrency exchange Binance, said bearish trends are common and healthy for the crypto market. He said the crypto industry still has room to grow, while inflation and rising energy prices have drawn attention to cryptocurrencies. According to Oklink, the recent drop in Ethereum resulted from miners' activation. Mining pools have dropped almost 17,000 ETH in the last seven days alone. Read next: Forex: Finally Bank Of Japan (BoJ) Intervened! Euro: Could Today's Speeches Support Euro?| FXMAG.COM The final version of the European Draft Crypto Asset Markets Act (MiCA) equates NFTs with securities. Technically, the MiCA is still open for amendments, but other reports suggest that the European Union has finalised the bill's full text.
Ripple Has The Potential To Appreciate An Upward Rally

Does Ripple (XRP/USD) Move As Expected This Time?

InstaForex Analysis InstaForex Analysis 23.09.2022 14:23
Ripple extended its growth as expected in the short term. You knew from my previous analysis that XRP/USD signaled strong buyers and an upside continuation. Now, it is traded at 0.4868, far below 0.5582 today's high. The altcoin increased by 64.30% from Monday's low of 0.3398 to 0.5582 daily high. XRP/USD retreated which was natural after its amazing rally. It could test and retest the near-term support levels before jumping higher. XRP/USD Temporary Retreat? You knew from my previous analysis that XRP/USD could resume its upwards movement after coming back above 0.4098 and above the median line (ML). I've told you that a new higher high, a bullish closure above the R2 (0.4350) could activate more gains. Now, it has found resistance at the first warning line (WL1) of the ascending pitchfork. It has registered only a false breakout with great separation before crashing. XRP/USD Forecast! The sell-off could be only a temporary one. The upper median line (UML), R3 (0.4730), and 0.4639 represent downside obstacles. Testing and retesting these levels, registering only false breakdowns could signal new bullish momentum. This scenario could bring new long opportunities.   Relevance up to 14:00 2022-09-24 UTC+2 Company does not offer investment advice and the analysis performed does not guarantee results. The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade. Read more: https://www.instaforex.eu/forex_analysis/294017  
Ripple's key support is $0.2985. If broken, token's price may near $0.20-$0.15

Altcoins: Charles Hoskinson (Cardano) Comments On Ripple-SEC Case

FXStreet News FXStreet News 10.10.2022 16:31
The 45% XRP price rally will likely take a breather before continuing to $1.00. Traders should consider booking profits before XRP price confirms a rising wedge pattern. A retracement seems imminent, especially with the MACD presenting a sell signal. XRP price is retracing its steps after rising to $0.5477 over the weekend. Its peers, like Bitcoin (BTC) and Ethereum (ETH), showed strength early Monday but quickly resumed their dominant sluggish movements. XRP price is teetering at $0.5199 at the time of writing while bulls work to defend a rising trend line support. The cross-border money transfer token's trend correction will continue if a rising wedge pattern is validated. SEC vs. Ripple lawsuit shouldn't have happened – Cardano's founder Hoskinson The founder of Cardano, Charles Hoskinson, has over the last few days been on the receiving end of XRP holders for alleging that they (the XRP community) came up with a "grand conspiracy" linking former SEC (Securities and Exchange Commission) and Ethereum officials. However, Hoskinson has reiterated his stance, saying that it did not matter whether there was a conspiracy or not – what is important is how to get out of it. "I explained how we got here and how we need to get out," Hoskinson said in a podcast. According to the founder, the lawsuit would not have occurred if there had been regulatory clarity for the crypto industry in the United States. He believes that the SEC's "regulation by enforcement" method hurts the industry and is bad for everyone. Ripple and the SEC have been battling in court for nearly two years over a case the former filed against the payments company in December 2020. The SEC alleges that Ripple and its top executives sold unregistered XRP tokens, thus breaking the Securities Law. XRP price could start giving up its gains XRP price has, in the last several weeks, outperformed its peers – the prevailing bear market conditions notwithstanding. Supporting its grand move from $0.3127 to $0.5477 is an improving investor sentiment attributed to Ripple's recent small wins against the SEC. The judge recently overruled the regulator's motion not to disclose the contents of the now-popular William Hinman (former official of the SEC) speech. Legal experts believe that Ripple is close to winning the case, with the judge likely to dismiss, a situation that could propel XRP price to greater heights. Meanwhile, XRP price is on the verge of confirming a bear trend correction from a rising wedge pattern, as observed on the four-hour chart below. Rising wedges come into play when an asset's price makes a big swing north but slows down to allow consolidation. It is worth mentioning that XRP price is trading marginally above the pattern's support. Short sellers will, however, have to wait until the price closes or opens on a four-hour basis below the rising trend line before activating their orders. XRP/USD four-hour chart The MACD (Moving Average Convergence Divergence) affirms the incoming bearish grip on XRP price. As the index slides toward the mean line (0.00), sell orders are expected to increase, thus, creating overhead pressure. If the wedge is validated, XRP price will fall 8.24% to $0.4757 before another upswing is considered.
Ripple's key support is $0.2985. If broken, token's price may near $0.20-$0.15

FXStreet Team talks possibility of a 8% decline of Ripple price... Yes, the US inflation print is coming...

FXStreet News FXStreet News 07.11.2022 16:19
Ripple price action goes nowhere as the gains from Friday evaporate over the weekend. XRP price action sees traders looking for support as the selling action took over as of Saturday. Expect a possible decline of another 8% toward Thursday as traders fear the US inflation print. Ripple (XRP) price action sees traders being pulled off their pink cloud from last week as stocks and cryptocurrencies rallied rapidly in the aftermath of the US job numbers. Markets saw the lower-than-expected figure as an element that could point to the Fed not being forced to keep hiking at the current pace. However, considering the hawkish press conference from Powell, traders are starting to think that the Fed is preparing markets for another jump in inflation numbers, breaking the 40-year high currently in the books, which would mean that the current economic backdrop is still very much at play. XRP price set to break below support Ripple price action is currently seeing its support coming under pressure as the sell-off continues this Monday morning, giving back almost all the gains from Friday. That traders are pulling out that quickly is not good news. Seeing the element that European and US indices are on the back foot, expect this to weigh on XRP price action. More downside could be holding roughly another 8% of losses should the important supportive factor break and give way to the bears. XRP price action uses that supportive factor given by the 55-day Simple Moving Average (SMA), underpinning the price action last week on three occasions. Seeing the additional element that the 55-day SMA moved above the 200-day SMA, some bullish signs were spotted. As long as the 200-day SMA is not moving higher though, that long-awaited Golden Cross is not happening. Thus risks of sudden breakdowns in the price action will still occur on regular occasions. XRP/USD daily chart The other scenario is quite simple as binary: the 55-day SMA holds support and provides bulls a new entry level to build upon. That would mean that a bounce occurs as price action remains underpinned at $0.46 and pushes price action back to $0.48. Look for a test and break again above $0.51, as that would mean new highs are possible, while lower highs could point to a simple squeeze to the downside.
We're past The Ethereum Merge, now we start to think about next Bitcoin halving which may happen quite shortly

Cryptocurrencies After Bitcoin - Altcoins And Meme Coins

Kamila Szypuła Kamila Szypuła 19.11.2022 16:33
Cryptocurrencies are certainly an area that has become increasingly popular in recent years. However, it requires some familiarity with new terms and understanding how the modern investment market in this industry works. Altcoin Definition At the very beginning, only Bitcoin was known as the first cryptocurrency in the world that was based on blockchain technology. But the question arises, what is an altcoin? It is primarily a term for an alternative coin, built from the combination of the English words alternative and coin. An altcoin is any new currency that was created after Bitcoin, even if it uses the same software. Altcoin vs Bitcoin Altcoins are referred to as cryptocurrencies or tokens - regardless of the name, they share similar keys used to transfer currency between owners' virtual wallets. Many types of altcoins are built on a similar system as Bitcoin, but each has distinctive features - some focus on improving features that Bitcoin was less than perfect. Altcoin is a lower value currency, which makes it perfect for smaller transactions. There is also a difference between Bitcoin and altcoin in terms of the number of cryptocurrency units in circulation or determining the maximum number of coins. More and more cryptocurrencies are becoming serious competition for Bitcoin, and Altcoins worth attention are primarily those that use ready-made platforms or create their own with a specific specificity. Thanks to this, several of the largest Altcoins stand out on the market, such as: Ether, Ripple and Litecoin. Memecoins What is it? Meme coins are cryptocurrencies inspired by memes or jokes on the Internet and social media. Meme coins are usually very volatile. They are mostly community driven and can go viral overnight with online community endorsements and FOMO. Still, their price may also drop unexpectedly as investors turn their attention to the next meme coin. Another feature of meme coins is that they often have a huge or unlimited supply. Since meme tokens generally do not have a coin-burning mechanism, the huge supply explains their relatively low prices. For just $1, you can buy millions of meme tokens. The first The first meme coin created was Dogecoin (DOGE). Released in 2013 as a parody, DOGE was inspired by the popular Doge meme, which is a Japanese Shiba Inu dog with a rather funny expression. Other meme coins Shiba Inus (SHIB) is DOGE's rival and is often referred to as the "Dogecoin Killer". The main difference between DOGE and SHIB is that the latter has a limited supply of 1 quadrillion tokens. Dogelon Mars (ELON) closely follows the dog duo in terms of popularity. As the name suggests, ELON is named after Tesla CEO Elon Musk and his passion for SpaceX. ELON is a fork of Dogecoin and has a supply of 557 trillion tokens in circulation. The risk As with all cryptocurrencies, trading and investing in meme coins involves high financial risk. Compared to BTC, most meme coins tend to be inflationary with no maximum supply. Their ecosystem, uses, and foundations are often defined by collective community jokes. Only a few meme coins have been built on big cryptocurrency technology. Another potential risk is that meme coins are heavily community-driven and more speculative than larger market cap cryptocurrencies. This instability constantly leads to unexpected ups and downs. The life cycle of meme coins is generally short-lived. FOMO Discussing meme coins, FOMO appeared as a factor affecting the situation of cryptocurrencies, but what is it? FOMO is short for "Fear of Missing Out", so it's also a psychological term. In practice, the FOMO phenomenon can be illustrated with a simple example in which you learn about a new coin with huge potential. Everyone is talking about it, and the media is starting to present it as the new Bitcoin. Everything indicates that its price will increase rapidly and rapidly, so in fear of missing out, you decide to buy it without much thought. This is FOMO, i.e. taking action not based on analysis and reason, but emotions related to the fear of missing the "opportunity". FOMO also can be a marketing strategy to use by creating investor fear of losing out as a way to encourage investors to act. Source: investing.com,

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