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The month of August proved to be very good for these cryptocurrencies

  • The month of August has proved to be very beneficial for many market shares like Ethereum, XRP, Cardano, Chainlink, and Dogecoin. 
  • The XRP price has given relatively positive signs since the beginning of the month.

The month of August has proved to be very beneficial for many stocks in the market. Highly prevalent altcoins such as Ethereum, XRP, Cardano, Chainlink, and Dogecoin have seen positive increases in their trading prices since the beginning of the month. The XRP price has given relatively positive signs since the beginning of the month. However, despite reaching the price mark of around Rs 24, the price of XRP has fallen back to the level of around Rs 22.5 in press time. At the present time (in the last 24 hours), the XRP is trading at around Rs 21.5 after a drop of 0.80 percent.

XRP Price Showing Negative Sign

IMG_20200813_001038

The third-largest cryptocurrency XRP has a market cap of $ 13.37 billion (10,00,30,86,38,000 Indian rupees) and a 24-hour trading volume of $ 4.4 billion (3,29,15,30,00,000 Indian rupees). XRP has seen a slight decline of 0.9% over the past few years. A negative signal has been observed in the XRP value.

IMG_20200813_001024

As you can see on the chart, its prices have shown negative signs during the one-week timeframe which shows the sign of a massive recession.

 XRP remained a traditional growth pattern 

IMG_20200813_001008

Looking at the chart, XRP is also creating a traditional uptrend pattern as it is strengthening the resistance near the Rs 23 mark.

The XRP gains in the 4-hour chart are reflecting consolidation following clear resistance efforts at 0.31 cents. XRP exhibited a positive sign of an uptick.

IMG_20200813_000948

Ripple XRP has changed its direction 3 years after the downtrend. XRP Traders generally expect XRP to see a very small increase in XRP in the same way as 2017 saw a short time rise.

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