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    • Warning: Undefined array key 1 in Drupal\cryptocompare\TwigExtension\RemoveSpace::getcard() (line 3178 of modules/custom/cryptocompare/src/TwigExtension/RemoveSpace.php). 
      Drupal\cryptocompare\TwigExtension\RemoveSpace::getcard('By the second part of Monday, most of the top 10 coins have recovered from the fall over the weekend. However, EOS is the exception to the rule. The rate of this coin has fallen 0.63% over the past day.
    Advertisement
    
        
    
    
        
                
            
                                            

        
        
                
            
                                            

        
    

<a rel="nofollow" target="_blank" href="https://coinstats.app/">Top 10 coins by Coinstats</a>
The BTC&nbsp;dominance rate also keeps gaining strength&nbsp;and is currently at&nbsp;64.5%.
<a rel="nofollow" target="_blank" href="https://coinstats.app/en/market-cap-charts">BTC’s market share</a>
The relevant data for&nbsp;XRP is below.

<ul>
	<li dir="ltr">
	Name: XRP
	</li>
	<li dir="ltr">
	Ticker: XRP
	</li>
	<li dir="ltr">
	Market Cap: $8,947,062,390
	</li>
	<li dir="ltr">
	Price: $0.202822
	</li>
	<li dir="ltr">
	Volume (24h): $1,126,818,360
	</li>
	<li dir="ltr">
	Change (24h): 0.16%
	</li>
</ul>

This&nbsp;data is relevant at&nbsp;press time.

XRP/USD: Should we expect a blast off soon?

On Sunday, sellers sold a narrow sidewall at the level of average prices and tested the support at&nbsp;$0.20. In the afternoon, buyers reacted by restoring XRP&nbsp;to the two-hour EMA55 and this morning the pair has continued&nbsp;to consolidate in the same narrow range.
<a rel="dofollow" href="https://www.tradingview.com/symbols/XRPUSD/">XRP/USD chart by TradingView</a>
All of the efforts of buyers are limited by the Point Of Control (POC)&nbsp;indicator line ($0.204).&nbsp;If purchases don't increase, then during the day, the pair will remain on the&nbsp;narrow side. A break out from&nbsp;the POC&nbsp;line may lead to a resistance re-test at&nbsp;$0.213.
<a rel="dofollow" href="https://www.tradingview.com/symbols/XRPUSD/">XRP/USD chart by TradingView</a>
On the 4H chart, XRP is trading within the descending channel, supported by low trading volume. Even though most of the coins are in the green zone, the third most popular crypto is under bearish pressure. In this case, there is a high probability of&nbsp;seeing the coin at the bottom level of the channel at $0.20 within the next days.
<a rel="dofollow" href="https://www.tradingview.com/symbols/XRPUSD/">XRP/USD chart by TradingView</a>
On the bigger time frame, daily candles are small, confirming the unwillingness of buyers and sellers to make moves.

<a rel="nofollow" target="_blank" href="#-eth-xrp-bch-bsv-ltc-price-analysis-could-a-possible-rise-be-applied-to-all-altcoins">card</a>

The trading volume is low. However, the high level of liquidity is focused in the current zone. Respectively, a more likely scenario for XRP is trading in a sideways trend until the end of the week in the yellow range between $0.20 and $0.205.

XRP is trading at $0.2021 at press time.


&nbsp;

') (Line: 1145)
Drupal\cryptocompare\TwigExtension\RemoveSpace->formatbody(Array) (Line: 54)
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Twig\Template->displayWithErrorHandling(Array, Array) (Line: 367)
Twig\Template->display(Array) (Line: 379)
Twig\Template->render(Array, Array) (Line: 40)
Twig\TemplateWrapper->render(Array) (Line: 53)
twig_render_template('themes/cryptod/templates/field--body.html.twig', Array) (Line: 372)
Drupal\Core\Theme\ThemeManager->render('field', Array) (Line: 436)
Drupal\Core\Render\Renderer->doRender(Array, ) (Line: 204)
Drupal\Core\Render\Renderer->render(Array) (Line: 474)
Drupal\Core\Template\TwigExtension->escapeFilter(Object, Array, 'html', NULL, 1) (Line: 1002)
__TwigTemplate_625426e732c5f7a66fde6d628d98a6b2->doDisplay(Array, Array) (Line: 394)
Twig\Template->displayWithErrorHandling(Array, Array) (Line: 367)
Twig\Template->display(Array) (Line: 62)
__TwigTemplate_e934e56c1e459c359b150360c7169113->doDisplay(Array, Array) (Line: 394)
Twig\Template->displayWithErrorHandling(Array, Array) (Line: 367)
Twig\Template->display(Array) (Line: 379)
Twig\Template->render(Array, Array) (Line: 40)
Twig\TemplateWrapper->render(Array) (Line: 53)
twig_render_template('themes/cryptod/templates/node.html.twig', Array) (Line: 372)
Drupal\Core\Theme\ThemeManager->render('node', Array) (Line: 436)
Drupal\Core\Render\Renderer->doRender(Array, ) (Line: 204)
Drupal\Core\Render\Renderer->render(Array, ) (Line: 238)
Drupal\Core\Render\MainContent\HtmlRenderer->Drupal\Core\Render\MainContent\{closure}() (Line: 583)
Drupal\Core\Render\Renderer->executeInRenderContext(Object, Object) (Line: 239)
Drupal\Core\Render\MainContent\HtmlRenderer->prepare(Array, Object, Object) (Line: 128)
Drupal\Core\Render\MainContent\HtmlRenderer->renderResponse(Array, Object, Object) (Line: 90)
Drupal\Core\EventSubscriber\MainContentViewSubscriber->onViewRenderArray(Object, 'kernel.view', Object)
call_user_func(Array, Object, 'kernel.view', Object) (Line: 111)
Drupal\Component\EventDispatcher\ContainerAwareEventDispatcher->dispatch(Object, 'kernel.view') (Line: 187)
Symfony\Component\HttpKernel\HttpKernel->handleRaw(Object, 1) (Line: 76)
Symfony\Component\HttpKernel\HttpKernel->handle(Object, 1, 1) (Line: 58)
Drupal\Core\StackMiddleware\Session->handle(Object, 1, 1) (Line: 48)
Drupal\Core\StackMiddleware\KernelPreHandle->handle(Object, 1, 1) (Line: 191)
Drupal\page_cache\StackMiddleware\PageCache->fetch(Object, 1, 1) (Line: 128)
Drupal\page_cache\StackMiddleware\PageCache->lookup(Object, 1, 1) (Line: 82)
Drupal\page_cache\StackMiddleware\PageCache->handle(Object, 1, 1) (Line: 48)
Drupal\Core\StackMiddleware\ReverseProxyMiddleware->handle(Object, 1, 1) (Line: 51)
Drupal\Core\StackMiddleware\NegotiationMiddleware->handle(Object, 1, 1) (Line: 51)
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    • Warning: Undefined array key 1 in Drupal\cryptocompare\TwigExtension\RemoveSpace::getcard() (line 3181 of modules/custom/cryptocompare/src/TwigExtension/RemoveSpace.php). 
      Drupal\cryptocompare\TwigExtension\RemoveSpace::getcard('By the second part of Monday, most of the top 10 coins have recovered from the fall over the weekend. However, EOS is the exception to the rule. The rate of this&nbsp;coin has fallen&nbsp;0.63% over the past&nbsp;day.
    Advertisement
    
        
    
    
        
                
            
                                            

        
        
                
            
                                            

        
    

<a rel="nofollow" target="_blank" href="https://coinstats.app/">Top 10 coins by Coinstats</a>
The BTC&nbsp;dominance rate also keeps gaining strength&nbsp;and is currently at&nbsp;64.5%.
<a rel="nofollow" target="_blank" href="https://coinstats.app/en/market-cap-charts">BTC’s market share</a>
The relevant data for&nbsp;XRP is below.

<ul>
	<li dir="ltr">
	Name: XRP
	</li>
	<li dir="ltr">
	Ticker: XRP
	</li>
	<li dir="ltr">
	Market Cap: $8,947,062,390
	</li>
	<li dir="ltr">
	Price: $0.202822
	</li>
	<li dir="ltr">
	Volume (24h): $1,126,818,360
	</li>
	<li dir="ltr">
	Change (24h): 0.16%
	</li>
</ul>

This&nbsp;data is relevant at&nbsp;press time.

XRP/USD: Should we expect a blast off soon?

On Sunday, sellers sold a narrow sidewall at the level of average prices and tested the support at&nbsp;$0.20. In the afternoon, buyers reacted by restoring XRP&nbsp;to the two-hour EMA55 and this morning the pair has continued&nbsp;to consolidate in the same narrow range.
<a rel="dofollow" href="https://www.tradingview.com/symbols/XRPUSD/">XRP/USD chart by TradingView</a>
All of the efforts of buyers are limited by the Point Of Control (POC)&nbsp;indicator line ($0.204).&nbsp;If purchases don't increase, then during the day, the pair will remain on the&nbsp;narrow side. A break out from&nbsp;the POC&nbsp;line may lead to a resistance re-test at&nbsp;$0.213.
<a rel="dofollow" href="https://www.tradingview.com/symbols/XRPUSD/">XRP/USD chart by TradingView</a>
On the 4H chart, XRP is trading within the descending channel, supported by low trading volume. Even though most of the coins are in the green zone, the third most popular crypto is under bearish pressure. In this case, there is a high probability of&nbsp;seeing the coin at the bottom level of the channel at $0.20 within the next days.
<a rel="dofollow" href="https://www.tradingview.com/symbols/XRPUSD/">XRP/USD chart by TradingView</a>
On the bigger time frame, daily candles are small, confirming the unwillingness of buyers and sellers to make moves.

<a rel="nofollow" target="_blank" href="#-eth-xrp-bch-bsv-ltc-price-analysis-could-a-possible-rise-be-applied-to-all-altcoins">card</a>

The trading volume is low. However, the high level of liquidity is focused in the current zone. Respectively, a more likely scenario for XRP is trading in a sideways trend until the end of the week in the yellow range between $0.20 and $0.205.

XRP is trading at $0.2021 at press time.


&nbsp;

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Twig\Template->displayWithErrorHandling(Array, Array) (Line: 367)
Twig\Template->display(Array) (Line: 379)
Twig\Template->render(Array, Array) (Line: 40)
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Drupal\Core\Theme\ThemeManager->render('field', Array) (Line: 436)
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Drupal\Core\Render\Renderer->render(Array) (Line: 474)
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__TwigTemplate_625426e732c5f7a66fde6d628d98a6b2->doDisplay(Array, Array) (Line: 394)
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Twig\Template->render(Array, Array) (Line: 40)
Twig\TemplateWrapper->render(Array) (Line: 53)
twig_render_template('themes/cryptod/templates/node.html.twig', Array) (Line: 372)
Drupal\Core\Theme\ThemeManager->render('node', Array) (Line: 436)
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Drupal\Core\Render\Renderer->render(Array, ) (Line: 238)
Drupal\Core\Render\MainContent\HtmlRenderer->Drupal\Core\Render\MainContent\{closure}() (Line: 583)
Drupal\Core\Render\Renderer->executeInRenderContext(Object, Object) (Line: 239)
Drupal\Core\Render\MainContent\HtmlRenderer->prepare(Array, Object, Object) (Line: 128)
Drupal\Core\Render\MainContent\HtmlRenderer->renderResponse(Array, Object, Object) (Line: 90)
Drupal\Core\EventSubscriber\MainContentViewSubscriber->onViewRenderArray(Object, 'kernel.view', Object)
call_user_func(Array, Object, 'kernel.view', Object) (Line: 111)
Drupal\Component\EventDispatcher\ContainerAwareEventDispatcher->dispatch(Object, 'kernel.view') (Line: 187)
Symfony\Component\HttpKernel\HttpKernel->handleRaw(Object, 1) (Line: 76)
Symfony\Component\HttpKernel\HttpKernel->handle(Object, 1, 1) (Line: 58)
Drupal\Core\StackMiddleware\Session->handle(Object, 1, 1) (Line: 48)
Drupal\Core\StackMiddleware\KernelPreHandle->handle(Object, 1, 1) (Line: 191)
Drupal\page_cache\StackMiddleware\PageCache->fetch(Object, 1, 1) (Line: 128)
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Drupal\Core\StackMiddleware\ReverseProxyMiddleware->handle(Object, 1, 1) (Line: 51)
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Drupal\Core\DrupalKernel->handle(Object) (Line: 18)
    Original U.Today article

    XRP Price Analysis — Losing Strength to Hold at $0.20

    Advertisement
    article image
    Denys Serhiichuk
    How long do traders need to wait to see XRP at the local heights?
    Mon, 8/06/2020 - 14:04
    XRP Price Analysis — Losing Strength to Hold at $0.20
    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

    By the second part of Monday, most of the top 10 coins have recovered from the fall over the weekend. However, EOS is the exception to the rule. The rate of this coin has fallen 0.63% over the past day.

    Advertisement
    Top 10 coins by Coinstats
    Top 10 coins by Coinstats

    The BTC dominance rate also keeps gaining strength and is currently at 64.5%.

    BTC’s market share
    BTC’s market share

    The relevant data for XRP is below.

    • Name: XRP

    • Ticker: XRP

    • Market Cap: $8,947,062,390

    • Price: $0.202822

    • Volume (24h): $1,126,818,360

    • Change (24h): 0.16%

    This data is relevant at press time.

    XRP/USD: Should we expect a blast off soon?

    On Sunday, sellers sold a narrow sidewall at the level of average prices and tested the support at $0.20. In the afternoon, buyers reacted by restoring XRP to the two-hour EMA55 and this morning the pair has continued to consolidate in the same narrow range.

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

    All of the efforts of buyers are limited by the Point Of Control (POC) indicator line ($0.204). If purchases don't increase, then during the day, the pair will remain on the narrow side. A break out from the POC line may lead to a resistance re-test at $0.213.

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

    On the 4H chart, XRP is trading within the descending channel, supported by low trading volume. Even though most of the coins are in the green zone, the third most popular crypto is under bearish pressure. In this case, there is a high probability of seeing the coin at the bottom level of the channel at $0.20 within the next days.

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

    On the bigger time frame, daily candles are small, confirming the unwillingness of buyers and sellers to make moves.

    card

    The trading volume is low. However, the high level of liquidity is focused in the current zone. Respectively, a more likely scenario for XRP is trading in a sideways trend until the end of the week in the yellow range between $0.20 and $0.205.

    XRP is trading at $0.2021 at press time.

     
    #XRP Price Analysis
    About the author
    article image
    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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