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Ripple’ XRP Price Approaches New Bottom: Traders Predict $0.2 XRP Price In A Week

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XRP is to touch $0,2 level, according to traders’ forecasts. However, some TradingView users have a different opinion. What to believe? Read the recent XRP price predictions

Ripple is shocking the crypto community: the $0.3 support seems to have failed, but it’s not the bottom yet! The current XRP price of $0.26 seems to be a weak support zone, and the crypto community is embarrassed. What to do with XRP? Buy or wait for it to get even lower? Let’s read Ripple’s XRP price predictions from tradingview and check out what people think about this crypto.

Turbulence ahead!

XRP will touch the level below $0.25

Ripple (XRP) price chart by carltonzone

The movements on XRP the past couple of days have taken a lot of us by surprise, and it might get ugly in the short-run. 

We found a critical pivot point on the new Big Light Red just days ago when we experienced the massive red candle of doom. After the extended period of boring side-banding, a few interesting hints appeared.

The current trajectory of the blue Fib indicates that we have broken free from its gravitational pull. The downward momentum has us possibly looking to touch down on the Light Blue 3.618 below. We could float around a bit, and touch that line just below $0.25. There are no pivot points that jump out at me that would indicate a pivot point changing the direction of this trend. Therefore, the 4.216 could be the next possible stop. 

There are many XRP price predictions around $0.22, and this would definitely coincide with the landing point along this current trajectory IF we blast through the remaining Light Blue fibs indicated on the chart. When we are on the underneath side of the circles on the right, in quadrant 2 in a clockwise direction, the tendency is to continue in a downward direction. The past is not always indicative of future movements, but when it’s all we have to hang our hats on, it’s the safest way to assume the direction.👉MUST READ

1 more month of accumulation

Accumulation continues

Ripple (XRP) price chart by kyer

Here’s a very interesting XRP price prediction that contradicts what’s been said about XRP in the previous day. 

The wedge we’re looking at spans over 400 days starting on August 12th, 2018 and should breakout before September 28th, 2019. This month, August, we should just see XRP accumulating between $0.30-0.32. We can only hope it gets back to $0.30 level The Monthly chart confirms this. 

September is the month our lives will change. At this point, $XRP has accumulated enough to test out of the wedge. If it doesn’t have enough strength, October will be the month this coin goes to the moon. 

You can see in May-July it tried to breakout, but it wasn’t strong enough and the whales pushed the price back down. 

According to kyer, the next move up will break $XRP out of this wedge, just like how it did at the end of 2017. All the stars are aligning for $XRP to move up, the price has been suppressed long enough. Alt season should come around Sept-October, the same time that Bitcoin/Ethereum is moving up too.👉MUST READ

Downtrend will continue

Wait for alt season – XRP will soar

Ripple (XRP) price chart by tradinginthezone2019

As expected, eventually the support was eaten up and it collapsed out of the range it’s been in for some time now, as some good traders said, it wasn’t unlike BTC at 6k in 2018. 

This is where things get interesting, XRP is now reacting to the levels set back in 2017 before the euphoria pump. Most likely, it will rally back to local resistance and then collapse further. May open a short if it gets even close to the 30 marks as this will not be reclaimed for at least a few months (unless we get alt season).

Final words

Even the current situation is not a time to panic sell. If you’re not a swing trader, this should be of no concern. The best advice is to look at the BIG picture and sit steady in the boat. For those of us looking for long-term gains, we can’t be concerned with this part of the market cycle. There will be ups and downs. But in the long run, the nastier it gets, the better. You make the BIGGEST gains on the long-shots. Remember, we are in the EARLY stages of the cryptocurrency market. The best has yet to come, and this is the dawn of a coming new financial age. 

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A Ripple & XRP Recap: What Took Place at Swell 2019?

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Unfortunately for fans of Ripple and XRP, the Ripple-centric and -themed Swell 2019 Conference put on in Singapore has ended. While many readers may have followed the event’s happenings closely, here’s a recap of what took place at the blockchain event, which “brings together the world’s most trusted voices across financial services, payments, technology and policy.”

What Took Place at the Top Ripple & XRP Event?

  • Ripple Passes Key Customer Milestone: Ripple has claimed to have surpassed 300 customers, which consists of a “global network of banks, financial institutions and payment providers that sends money globally, instantly and reliably for fractions of a penny.” Indeed, a blog post elaborated that Ripple has customers “in more than 45 countries and 6 continents using RippleNet, with payout capabilities in 70+ countries.”
  • On-Demand Liquidity (xRapid) Doing Rather Well: Simultaneously, one of the fintech firm’s flagship products, On-Demand Liquidity, has seen growing levels of adoption. This comes in spite of the fact that the solution was just announced at Swell 2018. A post said that the solution has “seen tremendous growth and customer interest with two dozen customers signed on to use the product.” Users of the ODL include “goLance, Viamericas, FlashFX and Interbank Peru.” It was added that “there have been more than 7x the number of transactions using ODL from the end of Q1 to the end of October.”
  • 10% of MoneyGram’s Mexico-US Transactions Use XRP: Money-transfer MoneyGram is purportedly moving 10% of its transaction volume through On-Demand Liquidity (ODL) between the United States and Mexican borders and plans to expand into four more corridors by the end of this year.
  • BeeTech Saves Millions in Transaction Fees: At Swell 2019, BeeTech co-founder Alexandre C.R. Liuzzi revealed that his payments company has save its customers more than $14 million in transaction fees across 200,000 transactions that have a nominal value of over $1.5 billion. Some of those savings can purportedly be attributed to Ripple, who has allowed BeeTech to “standardized the process for integration across different rails and increased efficiency in the settlement.”

It seems that there is more for Ripple to announce regarding what took place at Swell, hinting that it will continue to update its blog in the coming weeks. Though, it remains to be seen what exactly will be unveiled, and how that will impact the broader ecosystem of the firm and the price of XRP.

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Ripple price prediction: XRP/USD hovers above $0.2700 – Confluence Detector

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  • XRP/USD bulls has been mired in a range under $0.2800.
  • The coin may extend the downside correction to $0.2700.

Ripple’s XRP hit $0.2752 during early Asian hours, however, the upside proved to be short-lived. By the time of writing, XRP/USD resumed the decline and returned to $0.2730. The coin has been moving inside the range limited by $0.2700 on the downside and $0.2800 on the upside since the beginning of the week.

Ripple’s XRP confluence levels 

Looking technically, $0.27 remains now the key support for XRP/USD. As long as it stays intact, the coin has a chance to resume an upside recovery; though, in the short-run, the upside momentum may be capped by $0.2800. Let’s have a closer look at the technical levels that may serve as resistance and support areas for the coin.

Resistance levels

$0.2770 – SMA100 (Simple Moving Average) on 1-hour, and daily charts SMA50 daily, 61.8% Fibo retracement daily, the middle line of 4-hour Bollinger Band
$0.2820  – 23.6% Fibo retracement weekly, 161.8% Fibo projection daily
$0.2900 – 38.2% Fibo retracement monthly and weekly

Support levels

$0.2700 – 23.6% Fibo retracement daily,  38.2% Fibo retracement daily, 61.8$ Fibo retracement monthly, the lower line of the daily Bollinger Band, the lowest level of the previous 4-hour interval
 $0.2600 – Pivot Point 1-day Support 3, Pivot Point 1-week Support 1  
$0.2430 – the lowest level of the previous month, Pivot Point 1-week Support 2

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.

Resistance levels

$0.2770 – SMA100 (Simple Moving Average) on 1-hour, and daily charts SMA50 daily, 61.8% Fibo retracement daily, the middle line of 4-hour Bollinger Band
$0.2820  – 23.6% Fibo retracement weekly, 161.8% Fibo projection daily
$0.2900 – 38.2% Fibo retracement monthly and weekly

Support levels

$0.2700 – 23.6% Fibo retracement daily,  38.2% Fibo retracement daily, 61.8$ Fibo retracement monthly, the lower line of the daily Bollinger Band, the lowest level of the previous 4-hour interval
 $0.2600 – Pivot Point 1-day Support 3, Pivot Point 1-week Support 1  
$0.2430 – the lowest level of the previous month, Pivot Point 1-week Support 2

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.

source:fxstreet

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Ripple (XRP) Price Following Downtrend, Risk of Breakdown Persists

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  • Ripple price is trading in a downtrend below the $0.2750 resistance against the US dollar.
  • The price is facing a lot of hurdles on the upside near the $0.2740 and $0.2750 levels.
  • This week’s crucial bearish trend line is intact with resistance near $0.2800 on the hourly chart of the XRP/USD pair (data source from Kraken).
  • Besides, Ethereum is still holding the key $182 and $180 support levels.

Ripple price is struggling to recover and trading in a bearish zone against the US Dollar and bitcoin. XRP price remains at a risk of more losses below $0.2660.

Ripple Price Analysis

In the past few days, ripple followed a bearish path below the $0.2900 resistance area against the US Dollar. Moreover, XRP/USD settled below the key $0.2800 area and the 100 hourly simple moving average.

It opened the doors for more downsides below the $0.2750 support area. Recently, the price traded below the last swing low near $0.2680 and declined below $0.2670. A new monthly low was formed near $0.2668 and the price is currently correcting higher.

It broke the $0.2700 and $0.2710 resistance levels. Additionally, ripple climbed above the 50% Fib retracement level of the recent drop from the $0.2758 high to $0.2668 low.

However, the price seems to be facing a lot of hurdles on the upside near the $0.2740 and $0.2750 levels. More importantly, this week’s crucial bearish trend line is intact with resistance near $0.2800 on the hourly chart of the XRP/USD pair.

Furthermore, the 61.8% Fib retracement level of the recent drop from the $0.2758 high to $0.2668 low is also acting as a resistance. Therefore, a clear break above the $0.2740 and $0.2750 resistance levels is needed for more gains in the near term.

Once there is a clear break above $0.2750 and the 100 hourly SMA, the price could recover towards the $0.2820 and $0.2850 resistance levels. On the downside, an initial support is near the $0.2660 level. If the bulls fail to defend the $0.2660 and $0.2650 support levels, the next stop for the bears may perhaps be $0.2620.

Ripple Price

Ripple Price

Looking at the chart, ripple price is clearly struggling below $0.2800 and $0.2750. A downtrend is in place and it seems like there are chances of more losses below the $0.2650 support level. In the mentioned case, the main support where the bulls may take a stand could be $0.2580.

Technical Indicators

Hourly MACD – The MACD for XRP/USD is showing no signs of a decent recovery in the bearish zone.

Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is currently just below the 50 level.

Major Support Levels – $0.2660, $0.2650 and $0.2620.

Major Resistance Levels – $0.2740, $0.2750 and $0.2820. Source:newsbtc

  
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