• Advertise
  • Submit a Press Release
NewsBTC
Bitcoin & cryptocurrency news today, price & technical analysis
Price & Market
Cap Data from
Nomics Logo
  • News
    • Bitcoin
    • Ethereum
    • Ripple
    • Cardano
    • Tezos
    • EOS
    • Chainlink
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Education
    • Accepting Bitcoin payments
    • Using Bitcoin
    • What is Bitcoin Mining
    • How to Trade Bitcoin
    • How to Buy Bitcoin
    • Digital Currency Exchange
    • Proof of Existence
    • Is Bitcoin legal?
    • Bitcoin Books
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • TradeeToro
  • Gamble +Try
  • Play GamesTry
  • BUY BITCOINTry
No Result
View All Result
  • News
    • Bitcoin
    • Ethereum
    • Ripple
    • Cardano
    • Tezos
    • EOS
    • Chainlink
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Education
    • Accepting Bitcoin payments
    • Using Bitcoin
    • What is Bitcoin Mining
    • How to Trade Bitcoin
    • How to Buy Bitcoin
    • Digital Currency Exchange
    • Proof of Existence
    • Is Bitcoin legal?
    • Bitcoin Books
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • TradeeToro
  • Gamble +Try
  • Play GamesTry
  • BUY BITCOINTry
No Result
View All Result
NewsBTC
No Result
View All Result
Price & Market
Cap Data from
Nomics Logo
Home Cryptocurrency news Ripple

XRP Down 7.5%, Prices Could Freeze Because Of Ripple’s Goals

Dalmas Ngetich by Dalmas Ngetich
2 years ago
in Ripple
Reading Time: 2min read
technical analysis xrp
Advertisement
Listen to Article
  • XRP falls 7.5 percent week-to-date
  • Ripple game plan demands stable prices

Behind Ripple is a drive to change the status quo. The company’s goal is to dislodge SWIFT and improve livelihoods through cheaper transactions, with XRP. Therefore, it means XRP must be affordable, pouring cold water on the $589 talk. At the time of writing, XRP is down 4.5 percent.

Ripple Price Analysis

Fundamentals

It promises to be another display. An extravaganza where innovation shapes the sphere, ten years after Bitcoin became a breather. Bitcoin is, well, fair. The platform is global, decentralized, and has the backing of developers. Because of an inevitable “evolution,” traders and investors do gravitate to the asset drawing capital.

However, the rise of Ripple and their unwavering objective of slicing part of SWIFT’s market share is a magnet for investors. Analysts reckon that there is a gross undervaluation of XRP, with supporters expecting prices to surge to $589.

5 BTC + 300 Free Spins for new players & 15 BTC + 35.000 Free Spins every month, only at mBitcasino. Play Now!

All the same, such expectations could be crashing because, by design, XRP is nothing else but a tool. Behind Brad Garlinghouse are three leading fintech solutions in xVia, xCurrent, and xRapid. The stability of XRP prices, of which Ripple owns a majority, will guarantee the success of xRapid.

Leveraging on xCurrent rails, the option is a route for settling transactions in seconds via trusted exchanges. Bitstamp, Bittrex, Coins.ph and Bitso are pioneers.  Therefore, it is evident that while investors are optimistically expecting a surge, XRP is by default capped. Banks and financial institutions wishing to use XRP for cross border transactions will opt in if the facilitator is affordable.

Candlestick Arrangements

Ripple XRP

Decoupling from Bitcoin (BTC), Ripple (XRP) is in a range mode. In the last day, the coin is stable, falling 4.5 percent from last week’s close. Regardless, the fact that XRP is trading above 40 cents is bullish.

From previous XRP/USD trade plans, the coin is in an uptrend. XRP is trading within a bullish breakout pattern after clearing 34 cents, testing 50 cents and correcting back to 35 cents in a retest. Because of this, there is an opportunity for aggressive traders to buy the dips while targeting May high of 50 cents.

On the other hand, conservative traders can wait for clear-cut opportunities. That will either print out if prices rally above 50 cents or drop below 30 and 34 cents as bulls crash out. Any breakout above 50 cents with an uptick of trading volumes could see XRP expand to 80 cents.

Technical Indicators

In light of the above, May 30th bear candlestick guides this trade plan. Any surge or fall below 50 cents or 34 cents should be with decent trade volumes exceeding 94 million of May 30thor better, 187 million of May 14th.

Chart courtesy of Trading View. Image Courtesy of Shutterstock
Tags: RipplexCurrentxRapidxrp
TweetShare33
Nexo Logo
BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner? Win up to $1,000,000 in One Spin at CryptoSlots
Dalmas Ngetich

Dalmas Ngetich

Interested in new Tech

Related Posts

What Are Ripple’s Chances of Beating The SEC in Court?

What Are Ripple’s Chances of Beating The SEC in Court?

3 weeks ago
Ripple Fires Back Saying SEC to Blame For Harm to Innocent XRP Holders

Ripple Fires Back Saying SEC to Blame For Harm to Innocent XRP Holders

4 weeks ago
Ripple CEO Turns Down SEC Settlement Offer Electing to Fight Charges Instead

Ripple CEO Turns Down SEC Settlement Offer Electing to Fight Charges Instead

1 month ago
Buterin Blasts Ripple’s Defence Against Pending SEC Lawsuit

Buterin Blasts Ripple’s Defence Against Pending SEC Lawsuit

1 month ago
Ripple’s XRP Slides 13% on SEC Lawsuit Worries; What’s Next?

Ripple’s XRP Slides 13% on SEC Lawsuit Worries; What’s Next?

1 month ago
IRS Clamps Down on Airdrops Starting With Ripple’s Spark Token Airdrop

IRS Clamps Down on Airdrops Starting With Ripple’s Spark Token Airdrop

2 months ago

Premium Partners

Top Brokers

eToro

eToro

Review · Visit
Changelly

Changelly

Review · Visit
Evolve Markets

Evolve Markets

Review · Visit
ArbiSmart

ArbiSmart

Review · Visit
PrimeXBT

PrimeXBT

Review · Visit
Moneta Markets

Moneta Markets

Review · Visit

Top Casinos

BitStarz

BitStarz

Review · Visit
CryptoSlots

CryptoSlots

Review · Visit
mBit

mBit

Review · Visit
CryptoGames

CryptoGames

Review · Visit
Bonusfinder DE

Bonusfinder DE

Review · Visit
Bspin

Bspin

Review · Visit
Wolf Bet

Wolf Bet

Review · Visit

Top Sportsbooks

1xBit

1xBit

Review · Visit

Press Releases

Cryptowisser Releases Report on Exchanges With Lowest Fees

January 22, 2021

LABS Group Announced Strategic Partnership with Centifuge to Provide DeFi Collateralized Property Backed Lending

January 22, 2021

Jump-starting Crypto Adoption: Aurix IEO Scheduled for January 21st on ExMarkets!

January 22, 2021

Newsletter Signup


ABOUT US

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

COMPANY

  • Advertising
  • Comments Policy
  • Privacy Center
  • Sitemap
  • About Us
  • Contact

Technical Analysis

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Ripple (XRP)
  • Chainlink (LINK)
  • Cardano (ADA)
  • Tezos (XTZ)

LINKS

Auto Trading Software ▸

Cryptocurrency news

  • Bitcoin
  • Ethereum
  • Ripple
  • Chainlink
  • Cardano
  • EOS
  • Tezos

© 2020 NewsBTC. All Rights Reserved.

  • News
    • Bitcoin
    • Ethereum
    • Ripple
    • Cardano
    • Tezos
    • EOS
    • Chainlink
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Education
    • Accepting Bitcoin payments
    • Using Bitcoin
    • What is Bitcoin Mining
    • How to Trade Bitcoin
    • How to Buy Bitcoin
    • Digital Currency Exchange
    • Proof of Existence
    • Is Bitcoin legal?
    • Bitcoin Books
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Trade
  • Gamble +
  • Play Games
  • BUY BITCOIN

© 2020 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.