Coin-Miners - Crypto Currency Tracker logo Coin-Miners - Crypto Currency Tracker logo

Cryptopolitan 2021-08-19 10:20:43

Ripple Price Analysis: XRP continues to slowly consolidate around $1.10, higher low set?

TL;DR Breakdown Ripple price analysis is bullish for today.XRP/USD continued to consolidate around $1.10 overnight.XRP is likely to test further upside today. Ripple price analysis is bullish today as the $1.10 still holds, and the market consolidated around the support overnight. Therefore, we expect XRP/USD to attempt another move higher later today. Cryptocurrency heat map. Source: Coin360 The cryptocurrency market trades with mixed results today. Bitcoin and Ethereum have lost around 1 percent, while Ripple has seen a slight upside of 2.36 percent. Ripple price movement in the last 24 hours: Ripple still holds above $1.10 support XRP/USD traded in a range of $1.07 –  $1.19, indicating a good amount of volatility. Trading volume has decreased by 12 percent and totals $6.6 billion, while the total market capitalization trades around $52.62 billion, ranking the coin in 6th place overall. XRP/USD 4-hour chart: XRP prepares to move higher? On the 4-hour chart, we can see the Ripple price still holding above the $1.10 support, which should lead towards another attempt to move higher today. XRP/USD 4-hour chart. Source: TradingView Ripple price action has seen a substantial advance over the past month. After establishing a swing low around the $0.52 mark, XRP/USD started to rally and has since increased by 160 percent to the $1.35 high. However, any further upside was rejected earlier this week, sending the Ripple...

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.