• Latest
Q1 2019 Lows at 30 Cents Provide Support as Ripple (XRP) Fundamentals and Price Action Diverge

Q1 2019 Lows at 30 Cents Provide Support as Ripple (XRP) Fundamentals and Price Action Diverge

May 12, 2019
ygg sea surpasses 10,000 scholarships in just six months of launch

YGG SEA Surpasses 10,000 Scholarships in Just Six Months of Launch

May 6, 2022
mintable launches industry changing gas free minting service on ethereum

Mintable Launches Industry Changing Gas Free Minting Service on Ethereum

May 1, 2022
5 projects enabling smart contract development on bitcoin

5 Projects Enabling Smart Contract Development on Bitcoin

April 29, 2022
bitcoin atm installed in mexico's senate building

Bitcoin ATM installed in Mexico’s Senate Building

April 27, 2022
cross chain services play a crucial role in facilitating continued adoption of defi applications

Cross-Chain Services Play a Crucial Role in Facilitating Continued Adoption of DeFi Applications

April 26, 2022
justin sun launches usdd, integrating the blockchain world and the real world with the decentralized stablecoin

Justin Sun Launches USDD, Integrating the Blockchain World and the Real World with the Decentralized Stablecoin

April 25, 2022
nfts: the next musical revolution

NFTs: The Next Musical Revolution

April 24, 2022
things you should know before investing in nfts

Things You Should Know Before Investing in NFTs

April 24, 2022
what are wrapped tokens?

What Are Wrapped Tokens?

April 23, 2022
what is the future of ethereum (eth)?

What is the future of Ethereum (ETH)?

April 22, 2022
green gaming

Everything You Need to Know About Play-to-Earn on Algorand in 2022

April 21, 2022
$ape going bananas as rumors of upcoming land sale of bayc metaverse gather momentum

$APE Going Bananas As Rumors of Upcoming Land Sale of BAYC Metaverse Gather Momentum

April 21, 2022
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining
CoinNewsDaily
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining
No Result
View All Result
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining
No Result
View All Result
CoinNewsDaily
No Result
View All Result
Home Ripple

Q1 2019 Lows at 30 Cents Provide Support as Ripple (XRP) Fundamentals and Price Action Diverge

coinnewsdaily by coinnewsdaily
May 12, 2019
in Ripple
0
Q1 2019 Lows at 30 Cents Provide Support as Ripple (XRP) Fundamentals and Price Action Diverge
189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

Related articles

price analysis 4/20: btc, eth, bnb, xrp, sol, ada, luna, avax, doge, dot

Price analysis 4/20: BTC, ETH, BNB, XRP, SOL, ADA, LUNA, AVAX, DOGE, DOT

April 21, 2022
ripple claims ‘a very big win’ in sec case

Ripple claims ‘a very big win’ in SEC case

April 19, 2022

Latest Ripple (XRP) News

That Ripple’s XRP is lagging, underperforming the world’s leading cryptocurrency, Bitcoin is true and well, evident. Numbers don’t lie. However, it is more than prices and what is visible is an overextended consolidation. It is now stretching to its sixth month and what we have are extremely supportive fundamentals. 

Not only is the Brave New Coin XRP Index retrievable under the ticker, XRPLX, via Google search, but there are multi-billion bank partnership with Ripple Inc that is, without  a shadow of doubt bullish. In fact, what Ripple Inc stands for is embodied in their solutions. According to Al Ahli bank CTO, because of efficiency and the connection that RippleNet brings, customers will notice speed. Besides, he adds that they will continue working with Ripple Inc since they share similar visions of changing the way banking should be done. 

Even so, the deal is the utilization of RippleNet main product—xCurrent, a solution which though widely used, doesn’t leverage XRP but is simple an end-to-end messaging platform that adopting banks, at their volition, can upgrade to the latest version 4.0. As it is, there is a technical hitch demanding middleware reconfiguration for willing banks, a reason that is bogging down progress, as financial institutions, seeking for further regulatory clarity, aren’t willing to take.

XRP/USD Price Analysis

Apart from Binance Coin (BNB) and Stellar Lumens (XLM), Ripple (XRP) is the third worst performing asset in the top-10. Up a measly 2.3 percent in the last week, XRP is consolidating as aforementioned, with strong supports at 30 cents.

Although bulls are technically in control, oscillating within Sep 2018 high low and more specifically, the week ending Dec 23 high low, any close below 30 cents could see prices slide to 25 cents or lower in days ahead. However, for confirmation of May-11 bull bar, it is only after prices satisfactorily close above 40 cents that buyers can begin loading up on dips with first targets at 60 cents—Dec 2018 highs. 

All the same, because of this accumulation and the rejection of lower lows at 30 cents—Q1 2019, traders should adopt a neutral but bullish approach until prices close above 40 cents complete with high transaction levels above exceeding recent averages of 145 million and 365 million of week ending Mar 30.

Chart courtesy of Trading View—BitFinex

Disclaimer: Views and opinions expressed are those of the author and aren’t investment advice. Trading of any form involves risk and so do your due diligence before making a trading decision.


Ads by Cointraffic

Credit: Source link

Share76Tweet47
Previous Post

Ethereum’s Reddit Moderators Rethink Approach After Community Flashpoint

Next Post

Slowly But Surely: May Was a Quietly Big Month for Blockchain

coinnewsdaily

coinnewsdaily

CoinNewsDaily.com is an online Crypto Coin News Website that aims to provide latest trendy news from market and around the world.

Related Posts

price analysis 4/20: btc, eth, bnb, xrp, sol, ada, luna, avax, doge, dot
Alt Coin

Price analysis 4/20: BTC, ETH, BNB, XRP, SOL, ADA, LUNA, AVAX, DOGE, DOT

April 21, 2022
ripple claims ‘a very big win’ in sec case
Ripple

Ripple claims ‘a very big win’ in SEC case

April 19, 2022
ripple’s case: how will it affect xrp’s 2022 price?
Ripple

Ripple case: How will it affect XRP 2022 price?

April 17, 2022
price analysis 4/11: btc, eth, bnb, sol, xrp, ada, luna, avax, dot, doge
Bitcoin

Price analysis 4/11: BTC, ETH, BNB, SOL, XRP, ADA, LUNA, AVAX, DOT, DOGE

April 11, 2022
price analysis 4/6: btc, eth, bnb, sol, xrp, ada, luna, avax, dot, doge
Bitcoin

Price analysis 4/6: BTC, ETH, BNB, SOL, XRP, ADA, LUNA, AVAX, DOT, DOGE

April 7, 2022
price analysis 4/4: btc, eth, bnb, sol, xrp, ada, luna, avax, dot, doge
Bitcoin

Price analysis 4/4: BTC, ETH, BNB, SOL, XRP, ADA, LUNA, AVAX, DOT, DOGE

April 4, 2022
Load More
Next Post
Slowly But Surely: May Was a Quietly Big Month for Blockchain

Slowly But Surely: May Was a Quietly Big Month for Blockchain

Categories

  • Alt Coin
  • Bitcoin
  • Business
  • Ethereum
  • ICO
  • Litecoin
  • Mining
  • NFT
  • Ripple
  • Tech
  • Trading

What New here?

  • YGG SEA Surpasses 10,000 Scholarships in Just Six Months of Launch
  • Mintable Launches Industry Changing Gas Free Minting Service on Ethereum
  • 5 Projects Enabling Smart Contract Development on Bitcoin
  • About Us
  • Contact Us
  • Privacy & Policy

© 2018-2021 CoinNewsDaily.com by CoinNewsDaily Inc. Crafted with Love by iFtiDev

No Result
View All Result
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining

© 2018-2021 CoinNewsDaily.com by CoinNewsDaily Inc. Crafted with Love by iFtiDev

  • bitcoinBitcoin(BTC)$27,824.000.68%
  • ethereumEthereum(ETH)$1,762.980.81%
  • tetherTether(USDT)$1.00-0.68%
  • binancecoinBNB(BNB)$327.680.91%
  • rippleXRP(XRP)$0.447283-2.73%
  • cardanoCardano(ADA)$0.354192-0.39%
  • dogecoinDogecoin(DOGE)$0.074077-0.32%
  • matic-networkPolygon(MATIC)$1.101.38%
  • solanaSolana(SOL)$20.881.81%
  • polkadotPolkadot(DOT)$6.011.00%
  • litecoinLitecoin(LTC)$92.911.54%
  • shiba-inuShiba Inu(SHIB)$0.0000110.04%
  • tronTRON(TRX)$0.0642090.62%
  • daiDai(DAI)$1.00-0.37%
  • chainlinkChainlink(LINK)$7.221.68%
  • cosmosCosmos Hub(ATOM)$11.230.16%
  • leo-tokenLEO Token(LEO)$3.472.30%
  • moneroMonero(XMR)$161.71-0.45%
  • ethereum-classicEthereum Classic(ETC)$20.341.20%
  • okbOKB(OKB)$41.950.85%
  • stellarStellar(XLM)$0.0919960.23%
  • bitcoin-cashBitcoin Cash(BCH)$124.54-0.56%
  • filecoinFilecoin(FIL)$5.623.61%
  • crypto-com-chainCronos(CRO)$0.0692960.62%
  • vechainVeChain(VET)$0.022779-0.23%
  • algorandAlgorand(ALGO)$0.2101071.54%
  • internet-computerInternet Computer(ICP)$4.940.86%
  • eosEOS(EOS)$1.131.24%
  • elrond-erd-2MultiversX(EGLD)$42.531.01%
  • tezosTezos(XTZ)$1.141.49%
  • aaveAave(AAVE)$72.781.80%
  • theta-tokenTheta Network(THETA)$1.010.59%
  • neoNEO(NEO)$12.191.05%
  • paxos-standardPax Dollar(USDP)$1.00-0.77%
  • havvenSynthetix Network(SNX)$2.440.29%
  • bitcoin-cash-svBitcoin SV(BSV)$36.60-0.46%
  • pancakeswap-tokenPancakeSwap(CAKE)$3.740.37%
  • dashDash(DASH)$58.880.65%
  • makerMaker(MKR)$672.570.90%
  • huobi-tokenHuobi(HT)$3.680.08%
  • iotaIOTA(MIOTA)$0.2098471.71%
  • zilliqaZilliqa(ZIL)$0.0272651.06%
  • zcashZcash(ZEC)$36.071.27%
  • basic-attention-tokenBasic Attention(BAT)$0.2489145.02%
  • nemNEM(XEM)$0.0392031.23%
  • Elrond ERDElrond ERD(ERD)$0.0259290.00%
  • qtumQtum(QTUM)$3.10-0.08%
  • kusamaKusama(KSM)$33.512.97%
  • compound-governance-tokenCompound(COMP)$42.340.58%
  • bitcoin-goldBitcoin Gold(BTG)$16.37-1.02%
  • yearn-financeyearn.finance(YFI)$8,363.181.17%
  • omisegoOMG Network(OMG)$1.83-1.59%
  • ftx-tokenFTX(FTT)$1.89-21.50%
  • golemGolem(GLM)$0.2401230.17%
  • wavesWaves(WAVES)$2.150.14%
  • ontologyOntology(ONT)$0.2310774.30%
  • sushiSushi(SUSHI)$1.053.15%
  • digibyteDigiByte(DGB)$0.0095910.72%
  • umaUMA(UMA)$2.051.59%
  • ethlendAave [OLD](LEND)$0.53-3.08%
  • UniswapUniswap(UNI)$2.4438.80%