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    Drupal\cryptocompare\TwigExtension\RemoveSpace::getcard('The correction has reached almost all coins from the Top 10 list except for Chainlink (LINK), whose rate has increased by 2.29% since yesterday. Meanwhile, the top loser is EOS, which has lost more than 7%.
                
                  
    
                    



                  
    
                    



                
              
<a rel="nofollow" target="_blank" href="https://coinstats.app/">Top 10 coins by Coinstats</a>
The current decrease in the market has negatively affected the total capitalization index, which&nbsp;has declined by $12 bln and now stands at&nbsp;$365 bln.
<a rel="nofollow" target="_blank" href="https://coinstats.app/en/market-cap-charts">Cryptocurrency market capitalization</a>
The key data for&nbsp;XRP is looking the following way:

<ul>
	<li dir="ltr">
	Name: XRP
	</li>
	<li dir="ltr">
	Ticker: XRP
	</li>
	<li dir="ltr">
	Market Cap:&nbsp;$13,294,613,263
	</li>
	<li dir="ltr">
	Price:&nbsp;$0.295813
	</li>
	<li dir="ltr">
	Volume (24h):&nbsp;$2,189,804,611
	</li>
	<li dir="ltr">
	Change (24h): -4.49%
	</li>
</ul>

The data is relevant at press time.

XRP/USD: Can the altcoin come back to $0.30 by the end of the month?

The XRP price yesterday suspended its decline at the level of average prices, but this morning the pullback continued below the POC indicator line ($0.294). During the European session, the pair will reach support at $0.280. At the moment, it is the biggest loser out of the Top 3 coins.
<a rel="dofollow" href="https://www.tradingview.com/symbols/XRPUSD">XRP/USD chart by TradingView</a>
One might assume that, in this area, the decline will slow down significantly, and the daily minimum will be around the $0.270 mark.
<a rel="dofollow" href="https://www.tradingview.com/symbols/XRPUSD">XRP/USD chart by TradingView</a>
On the 4H chart, XRP has found a local support at $0.2850. Even though the decline might not have finished yet, bulls are about to make a retest of the $0.30 mark followed by a deeper price drop.
                
                  
    
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                        Ads




                
              

<a rel="nofollow" target="_blank" href="#-eth-xrp-link-bch-and-ltc-price-analysis-for-august-17">card</a>

If&nbsp;a false breakout of&nbsp;$0.30 is confirmed, bears may push XRP to the support of $0.2757 which can be achieved by the end of August.
<a rel="dofollow" href="https://www.tradingview.com/symbols/XRPUSD">XRP/USD chart by TradingView</a>
In the longer term, XRP has formed a double top pattern, which is considered a reversal. Thus, the declining trading volume confirms such a scenario, as well as a&nbsp;low liquidity level. Currently, bears dominate the market; the trend may change when the coin gets to the important support level at $0.27.

XRP is trading at $0.2940 at press time.


&nbsp;

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Drupal\page_cache\StackMiddleware\PageCache->handle(Object, 1, 1) (Line: 48)
Drupal\Core\StackMiddleware\ReverseProxyMiddleware->handle(Object, 1, 1) (Line: 51)
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    Drupal\cryptocompare\TwigExtension\RemoveSpace::getcard('The correction has reached almost all coins from the Top 10 list except for Chainlink (LINK), whose rate has increased by 2.29% since yesterday. Meanwhile, the top loser is EOS, which&nbsp;has lost more than 7%.
                
                  
    
                    



                  
    
                    



                
              
<a rel="nofollow" target="_blank" href="https://coinstats.app/">Top 10 coins by Coinstats</a>
The current decrease in the market has negatively affected the total capitalization index, which&nbsp;has declined by $12 bln and now stands at&nbsp;$365 bln.
<a rel="nofollow" target="_blank" href="https://coinstats.app/en/market-cap-charts">Cryptocurrency market capitalization</a>
The key data for&nbsp;XRP is looking the following way:

<ul>
	<li dir="ltr">
	Name: XRP
	</li>
	<li dir="ltr">
	Ticker: XRP
	</li>
	<li dir="ltr">
	Market Cap:&nbsp;$13,294,613,263
	</li>
	<li dir="ltr">
	Price:&nbsp;$0.295813
	</li>
	<li dir="ltr">
	Volume (24h):&nbsp;$2,189,804,611
	</li>
	<li dir="ltr">
	Change (24h): -4.49%
	</li>
</ul>

The data is relevant at press time.

XRP/USD: Can the altcoin come back to $0.30 by the end of the month?

The XRP price yesterday suspended its decline at the level of average prices, but this morning the pullback continued below the POC indicator line ($0.294). During the European session, the pair will reach support at $0.280. At the moment, it is the biggest loser out of the Top 3 coins.
<a rel="dofollow" href="https://www.tradingview.com/symbols/XRPUSD">XRP/USD chart by TradingView</a>
One might assume that, in this area, the decline will slow down significantly, and the daily minimum will be around the $0.270 mark.
<a rel="dofollow" href="https://www.tradingview.com/symbols/XRPUSD">XRP/USD chart by TradingView</a>
On the 4H chart, XRP has found a local support at $0.2850. Even though the decline might not have finished yet, bulls are about to make a retest of the $0.30 mark followed by a deeper price drop.
                
                  
    
                        Ads




                  
    
                        Ads




                
              

<a rel="nofollow" target="_blank" href="#-eth-xrp-link-bch-and-ltc-price-analysis-for-august-17">card</a>

If&nbsp;a false breakout of&nbsp;$0.30 is confirmed, bears may push XRP to the support of $0.2757 which can be achieved by the end of August.
<a rel="dofollow" href="https://www.tradingview.com/symbols/XRPUSD">XRP/USD chart by TradingView</a>
In the longer term, XRP has formed a double top pattern, which is considered a reversal. Thus, the declining trading volume confirms such a scenario, as well as a&nbsp;low liquidity level. Currently, bears dominate the market; the trend may change when the coin gets to the important support level at $0.27.

XRP is trading at $0.2940 at press time.


&nbsp;

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Twig\Template->render(Array) (Line: 55)
twig_render_template('themes/cryptod/templates/node.html.twig', Array) (Line: 384)
Drupal\Core\Theme\ThemeManager->render('node', Array) (Line: 433)
Drupal\Core\Render\Renderer->doRender(Array, ) (Line: 204)
Drupal\Core\Render\Renderer->render(Array, ) (Line: 242)
Drupal\Core\Render\MainContent\HtmlRenderer->Drupal\Core\Render\MainContent\{closure}() (Line: 580)
Drupal\Core\Render\Renderer->executeInRenderContext(Object, Object) (Line: 243)
Drupal\Core\Render\MainContent\HtmlRenderer->prepare(Array, Object, Object) (Line: 132)
Drupal\Core\Render\MainContent\HtmlRenderer->renderResponse(Array, Object, Object) (Line: 90)
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call_user_func(Array, Object, 'kernel.view', Object) (Line: 142)
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Original U.Today article

XRP Price Analysis for August 19

Wed, 08/19/2020 - 14:05
article image
Denys Serhiichuk
Can XRP come back to $0.30 before a deep correction starts?
XRP Price Analysis for August 19
Cover image via www.tradingview.com

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

Read U.TODAY on
Google News

The correction has reached almost all coins from the Top 10 list except for Chainlink (LINK), whose rate has increased by 2.29% since yesterday. Meanwhile, the top loser is EOS, which has lost more than 7%.

Top 10 coins by Coinstats
Top 10 coins by Coinstats

The current decrease in the market has negatively affected the total capitalization index, which has declined by $12 bln and now stands at $365 bln.

Cryptocurrency market capitalization
Cryptocurrency market capitalization

The key data for XRP is looking the following way:

  • Name: XRP

  • Ticker: XRP

  • Market Cap: $13,294,613,263

  • Price: $0.295813

  • Volume (24h): $2,189,804,611

  • Change (24h): -4.49%

The data is relevant at press time.

XRP/USD: Can the altcoin come back to $0.30 by the end of the month?

The XRP price yesterday suspended its decline at the level of average prices, but this morning the pullback continued below the POC indicator line ($0.294). During the European session, the pair will reach support at $0.280. At the moment, it is the biggest loser out of the Top 3 coins.

XRP/USD chart by TradingView
XRP/USD chart by TradingView

One might assume that, in this area, the decline will slow down significantly, and the daily minimum will be around the $0.270 mark.

XRP/USD chart by TradingView
XRP/USD chart by TradingView

On the 4H chart, XRP has found a local support at $0.2850. Even though the decline might not have finished yet, bulls are about to make a retest of the $0.30 mark followed by a deeper price drop.

card

If a false breakout of $0.30 is confirmed, bears may push XRP to the support of $0.2757 which can be achieved by the end of August.

XRP/USD chart by TradingView
XRP/USD chart by TradingView

In the longer term, XRP has formed a double top pattern, which is considered a reversal. Thus, the declining trading volume confirms such a scenario, as well as a low liquidity level. Currently, bears dominate the market; the trend may change when the coin gets to the important support level at $0.27.

XRP is trading at $0.2940 at press time.

 
#XRP Price Analysis
article image
About the author
Denys Serhiichuk

With more than 5 years of trading, Denys has a deep knowledge of both technical and fundamental market analysis. Mainly, he has started his blog on TradingView where publishes all relevant information and makes predictions about top coins.
Thus, his experience is backed up by working in top blockchain related companies such as W12, Platinum Listing, ATB Coin, and others, can be contacted at denys.serhiichuk@u.today.

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