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Ripple (XRP) Price Predicted to Push Higher After Bouncing Back from Below $0.30

  • Jack Thomas
    🀷 Opinions

    While XRP has been gripped in a bearish trend, the bulls took a bit of control as the token bounced back from below the $0.30 mark. The Ripple token tested the grounds of the $0.2920 mark but bounced back and looks like it could be set to rise up towards $0.31


Ripple (XRP) Price Predicted to Push Higher After Bouncing Back from Below $0.30
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It has been an up and down time for XRP and the company Ripple under which it falls in the cryptocurrency market. The coin looked to be caught in a bearish rut and was heading down below a key resistance point of $0.30, but it has managed to bounce back above that market and is destined to go higher.

XRP is up about three percent today, a day which is seeing gains almost totally across the board. That jump, which is being echoed across the market, has helped the coin get back into a slightly bullish mood.


The price tested the next key support near $0.2920 before the bounce back happened. Bulls took control and pushed the price above the $0.2980 and $0.3000 resistance levels in quick succession. The coin is now poised to break the $0.31 mark

A change in fortune

While XRP was looking decidedly bearish yesterday with the $0.30 mark hanging precariously close to being breached, the market boost has come at just the right time for Ripple. Bitcoin, Ethereum, and Litecoin also gained about 3 percent, while others, such as EOS and Cardano, are up over 10 percent.

Ripple would have been in a dangerous place had it continued to fall below the key support of $0.30, but now, with the bullis trend permeating through the market, the price of the token has pushed up to the upper reaches of $0.30 with $0.31 soon to be breached.

However, it does not look like there is any reason for XRP to explode further, and certainly no reason for it to break the $0.33 mark, where it has been keeping under for some time now.

In the short term, there could be a downside correction towards the $0.3030 or $0.3010 support levels. The next key resistance is near $0.3100.

Long-term future?

While XRP is stuck in a small range and struggling to break out, more often breaking down, the long-term future of the coin is still rather positive. Ripple has been doing good work to push the advancement of its cryptocurrency and there is a lot of potential circulating the company.

What affects the general market will also help XRP rise, as has been seen in this latest small spike of three percent for XRP. If the crypto spring can continue to bloom, then there is every chance that Ripple will be able to ride the wave.

Cover image via u.today
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Binance Coin Price Surge Indicates Huge Support for Binance Chain Mainnet β€” Is This the Future?

  • Jack Thomas
    🀷 Opinions

    Binance Coin has once again surged, and it is off some big news that could well cause major competition for Ethereum.


Binance Coin Price Surge Indicates Huge Support for Binance Chain Mainnet β€” Is This the Future?
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On a day where the markets are predominantly in the red, but only slightly, it is interesting to note that Binance Coin is surging. The exchange token is up fiver percent, but it is totally understandable as to why there is so much positivity around the company.

The biggests news, which comes off the back of its decentralized platform, Binance DEX, is that the Binance Chain mainnet has been launched and that they will be executing their Mainnet Swap on April 23rd.


This means that Binance Coin will be shifting away from Ethereum, leaving questions open as to what this means for Ethereum, which has been under the pump to stay relevant in today’s crypto and blockchain space. This move will result in a migration of $3 billion worth of BNB being moved away from the Ethereum blockchain and onto the new Binance chain.

A positive investment

All the good news emanating out of Binance has not only helped the coin to climb in price when the rest of the market settles down – it is helping it head towards a new all time high. Binance, like many altcoins, reached its ATH in January of 2018 in that parabolic stage.

Binance Coin hit $24 back then, and now, it is at $21 and rising with the thoughts being that when the mainnet move takes place, there could well be an even bigger surge. It is also interesting to note that just a few months ago, at the end of last year, it hit lows of $4.50.

Competing with Ethereum?

The mainnet move is obviously good news for Binance, as the markets are suggesting, but is it equally bad news for Ethereum, which was the holder of $3 billion thanks to the exchange. Many people have speculated that this new blockchain platform will pose competition to Ethereum, but ultimately it will help diversify Binance Coin’s use cases while also increasing its utility.

So perhaps rather than being a direct competition to ETH, it is only going to strengthen Binance Coin and in doing so perhaps spell out the future of cryptocurrencies as there is good reason to believe that this token, with its added utility and use cases, will be a viable token for the world going forward.

Cover image via 123rf.com
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