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XRP Price Prediction — Should Traders Forget About Surge to $0.30 in Short-Term?

Price Predictions
Fri, 02/21/2020 - 16:14
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Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

Even though the fast growth of the cryptocurrency market has stalled, the top 10 coins remain in the green territory. Litecoin (LTC) is the top gainer with its price increasing by almost 7% over the last day.

Top 10 coins by Coinstats
Top 10 coins by Coinstats

Overall, the XRP price has reduced by around $0.10, according to the weekly chart.

XRP chart
XRP chart

The relevant XRP data is looking the following way.

  • Name: XRP

  • Ticker: XRP

  • Market Cap: $12 040 521 791

  • Price: $0,275308

  • Volume (24h): $2 927 099 042

  • Change (24h): 3.36%

The data is relevant at the press time.

XRP/USD: Can Bulls Come Back to $0.30 Till the End of February?

Yesterday, sellers continued to press and pierced the lower border of the ascending green channel, but the support at $0.266 was able to keep the pair from falling to the area of $0.236.

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

Tonight, buyers pushed the XRP price back into the green corridor and will try to restore the pair to the average price range during the day.

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If overcoming the resistance of the two-hour moving average does not work out, then the price will look for support at the level of $0.28 in order to consolidate.

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

On the higher time frame, the situation is less optimistic. Even though XRP faced some corrections along its ongoing growth, a deep decline has not occurred so far. In this regard, the nearest price projection is a drop to the liquidity zone around $0.25 until the end of the current month.

XRP is trading at $0.2751 at press time.

About the author

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 make predictions about top coins.
Thus, his experience is backed up by working in top blockchain related companies such as W12, Platinum Listing & ICO Advisory, ATB Coin, and others.

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Price Predictions
Sun, 03/29/2020 - 19:05
Put your
crypto to
work
  • 1.30

    Interest per week

  • 67.5

    Interest per year

  • 3.60

    Interest rate

Join Now!
Sponsored by Celsius.Network
Cover image via www.tradingview.com

Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

Bears are not giving any chances for the bulls. The altcoins market is following the trend of the main crypto; however, there are some rollbacks. This is mainly with XRP, which is the biggest loser from the Top 10 list. Its rate has increased by almost 2%. 

Top 10 coins by Coinstats
Top 10 coins by Coinstats

The situation has remained almost unchanged since last week with the cryptocurrency market. Respectively, the dominance rate and position of Bitcoin (BTC) remains the same, currently sitting at 65%.

BTC’s dominance rate
BTC’s dominance rate

Below is the relevant data for Bitcoin and how it is looking today:

  • Name: Bitcoin

  • Ticker: BTC

  • Market Cap: $112,508,256,614

  • Price: $6,150.27

  • Volume (24H): $29,780,276,933

  • Change (24H): -2.04%

BTC/USD: Any Hope for a Bounce Back from Current Levels?

Our recent Bitcoin (BTC) price scenario is coming true as the coin continues to trade between the range of $6,000-$6,300. In terms of our weekly analysis, the rate for the coin remains unchanged.

BTC/USD chart by TradingView
BTC/USD chart by TradingView

Looking at the 4H chart, Bitcoin (BTC) is testing the rising channel's support line, which was formed on March 16th. From a technical perspective, there might be a breakout towards the resistance zone at $7,000 as the current week has been an accumulative one before a sharp price blast. Moreover, the Moving Average Convergence/Divergence (MACD) indicator confirms short-term growth.

BTC/USD chart by TradingView
BTC/USD chart by TradingView

Looking at the daily chart, the 50-Day Moving Average (MA) has crossed the 200-Day MA, forming a 'Death Cross' pattern. This means that the $3,600 level is unlikely to be the bottom.

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Moreover, the Relative Strength Index (RSI) indicator is located in bearish divergence territory. In this case, the first stop for the ongoing long-term fall is $5,000.

At press time, Bitcoin was trading at $6,123.

About the author

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 make predictions about top coins.
Thus, his experience is backed up by working in top blockchain related companies such as W12, Platinum Listing & ICO Advisory, ATB Coin, and others.

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XRP & Ethereum Plunge 90% From Record Highs as It Risks Big Correction

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TOP-3 Price Predictions: BTC, ETH, XRP — Sharp Dump or Start of Continued Decline?

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