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Ripple (XRP) Price Soars Despite Bearish Market

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Unlike other cryptocurrencies, Ripple is doing great.

Ripple (XRP) remains in great shape despite the 3-day market slump.

Ripple seems to be resistant to the ongoing market crash. For instance, the price of Bitcoin dropped from $8,200 to $7,800. Similarly, the price of Ether saw a 4.52% decline: from $177 to $169.

However, the price of Ripple (XRP) has remained unperturbed. In fact, it has increased by 27% in 3 days, rising from below $0.2600 to above $0.2700. Eventually, it touched the price of $0.2752.

Currently, it is the best-performing coin out of the top-10 on the market.

Technical indicators

Technical indicators reveal that the hourly MACD (moving average convergence/divergence) is gaining traction in the bullish zone. Accordingly, the hourly RSI (Relative Strength Index) for XRP/USD is above the 60 levels, exposing bullish signs.

Besides, major support levels are $0.2650, $0.2620 and $0.2550, while major resistance levels are $0.2700, $0.2720 and $0.2750.

Exciting times for XRP community

Some analysts attribute the price trend to the addition of large financial service providers onto

the Ripple’s blockchain solutions. Specifically, they are citing Ripple’s strategic partnership with major remittance service provider MoneyGram.

Others pinpoint different factors. They’re pointing toward the declining volume in the crypto market and the selling pressure on dominant cryptocurrencies like Bitcoin and Ethereum. Thus, the price of XRP increases.

Regardless, the robust XRP community cannot hide its excitement.

Uselesscaptain10 tweeted: “$XRPBTC weekly chart. The first time XRP has printed 4 consecutive green weeks in 2019, not big movement but green nonetheless.

This could indicate a slower/more stable growth instead of explosive moves we’ve seen before. Good thing IMO.  #XRP #Crypto”

Rubika Ventures tweeted: “Surprising #XRPBTC is exceeding all our expectations and we already have more than 15% of profits.”

Chainsaw Jackson twitted: “Yiiiiiiiiiiiiiiihhhhaaaaaaaaaaa #XRPcommunity

ANYONE ELSE FEELING THE #XRP ROCKET STARTING TO F***ING LAUNCH!!! Q4 #SWELL.”

Previously, Altcoin Buzz reported that Ripple announced a partnership with BitPay.

Besides, an analysis was done when Bitcoin toppled below $10K. It revealed that Ether’s price is showing better signs than the Bitcoin’s one.

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News and Top Headline for Ripple XRP, January 18th, 2020

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  • Ripple Price Analysis – Ripple XRP price faces hurdles at the 100 MA as BTC tries to retest $9,000
  • XRP/USD – XRP Price attains 100-Days EMA But strives to exceed the level
  • XRP/BTC – XRP/BTC pair retest the 2600 SAT

Ripple XRP price traded in the positive zone this week recording a 13% price surge as it enters resistance at $0.234. The BTC/USD pair continues to trade sideways as it settles at the 2600 SAT level. Once the XRP price manages to resist $0.2345, the coin might rise back toward $0.30. The major support levels for XRP/USD pair are $0.22, $0.20, $0.185. While the major resistance level is $0.2345, $0.25, $0.262.

XRP (XRP) Price Today – XRP / USD

#NamePrice24H %
3XRP(XRP)$0.23700.618%

For the XRP/BTC pair, the major support levels are 2600 SAT, 2350 SAT, 2455 SAT. While the major resistance levels are 2710 SAT, 2800 SAT, 2900 SAT.

XRP/USD – XRP Price attains 100-Days EMA But strives to exceed the level

Ripple XRP has persisted in the positive zone, although, it encountered the projected resistance at $0.2345 and was unable to resist here. This resistance level is further strengthened by the 100-days EMA. XRP price is currently supported by $0.228 as the bulls try to

regroup to crack the 100-days EMA. If the XRP price can exceed the resistance at $0.2345, its coin will remain bullish. For XRP price to veer neutral, it must decline below $0.22, with an additional decline below $0.185 changing it bearish.

XRP Price Prediction – Ripple XRP Price Prediction

If the bullish trend persists and breaks the resistance at the 100-days EMA, instant resistance lies at $0.24. Above this level, next resistance is to be anticipated at $0.25, $257 (1.414 FIb Extension), and $0.262 (bearish .618 Fib Retracement). The resistance at $0.262 is strengthened by the 200-days EMA. Contrarily, if the sellers drive XRP price below $0.228, early support toward the downside lies at $0.22. Below this level, support is at $0.212, $0.20, and $0.185.

The RSI persists above the 50 the level which indicates that the bulls are in charge of the market trend. Also, the Stochastic RSI is bracing for a bearish crossover cue which might aid to bring the market price lower.

XRP/BTC – XRP/BTC pair retest the 2600 SAT

XRP/BTC pair has managed to correct back above the support level at 2600 SAT. XRP also surged higher into 2780 SAT but rapidly reversed and decline well below2700 SAT. It proceeds to trade sideways between 2600 SAT and 2700 SAT as investors and traders await the next price direction. XRP is still neutral at this level and must exceed the resistance at 3000 SAT to turn bullish. Alternatively, if XRP price decline below the support at 2350 SAT it would turn bearish.

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Ripple (XRP/USD) forecast and analysis on January 18, 2020

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Cryptocurrency Ripple (XRP/USD) is trading at 0.2333. Cryptocurrency quotes are trading above the moving average with a period of 55. This indicates a bullish trend on Ripple. At the moment, cryptocurrency quotes are moving near the middle border of the Bollinger Bands indica

tor stripes.

Ripple (XRP/USD) forecast and analysis on January 18, 2020

As part of the Ripple course forecast, a test level of 0.2280 is expected. Where should we expect an attempt to continue the growth of XRP/USD and the further development of the upward trend. The purpose of this movement is the area near the level of 0.2540. The conservative buying area for Ripple is located near the lower border of the Bollinger Bands indicator strip at 0.2140.

Ripple (XRP/USD) forecast and analysis on January 18, 2020

Cancellation of the option to continue the growth of the Ripple rate will be a breakdown of the lower border of the Bollinger Bands indicator stripes. As well as a moving average with a period of 55 and closing of quotations of the pair below the area of ​​0.2100. This will indicate a change in the current trend in favor of the bearish for XRP/USD. In case of breakdown of the upper border of the Bollinger Bands indicator bands, we should expect an acceleration in the fall of cryptocurrency.

Ripple (XRP/USD) forecast and analysis on January 18, 2020 implies a test level of 0.2280. Further, growth is expected to continue to the area above the level of 0.2540. The conservative buying area is located is near the area of ​​0.2140. The cancellation of the cryptocurrency growth option will be the breakdown of the level of 0.2100. In this case, we should expect continued fall.

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Ripple’s XRP is a Brilliant Technology, According to American Institute of Economic Research’s Jeffrey Tucker

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American economist Jeffrey Tucker, who also works as the editorial director at the American Institute for Economic Research (AIES), called Ripple XRP “brilliant technology” in a recent interview on Russia Today. Tucker shared his opinion that Ripple’s growing popularity had been influenced by sometimes outdated traditional financial systems such as SWIFT.

When asked to explain why the recent partnerships, alliances, and increased capacity of Ripple had no positive effect on XRP, Tucker explained that the digital token XRP is a “specific kind of crypto” and at this moment many regular investors are not interested in the technology. He continued by saying:

That does not mean it’s not going to change the world. I think it’s an extremely important technology

because it’s thriving off the failures of this antique SWIFT system,

Tucker stated Ripple is doing what traditional financial systems failed to do, provide fast and cheap money transfers.

Our legacy financial systems are incapable of dealing with the new age of globalization so taking crypto to kind of fill this market niche… and XRP has been really valuable in that sense,

Ripple itself continues to promote XRP adoption. Brad Garlinghouse will give his speech during the 55th Global Forum event in Singapore. Global Forum gathers together business leaders, government officials, and academics from different countries who share their views on different business spheres. Apart from Ripple’s CEO, who will be the sole representer of the cryptocurrency industry at the event, list of speakers includes representatives from Central Banks, JPMorgan, Goldman Sachs, MasterCard

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