Ripple

Technical Analysis of Ripple

The cryptocurrency market has got around 30% of market capitalization in the last several weeks and for now, there is no important reason to change this positive trend. In less than twenty days, the price of Ripple has advanced from $0.30 to $0.48 and the current price stands around $0.44. Ripple is an open source digital payment network which is also used by banks, the network is extremely fast and payments in XRP take around 4 seconds. It is important to say that all accounts and transactions have strong security and they are algorithmically verified. My opinion is that XRP could be a very good investment opportunity and putting a reasonable amount of money into XRP could potentially turn out to be an excellent investment. The price of Ripple is still very low and according to technical analysis, the downtrend is not over yet. When we look at the 1-year chart we can see that Ripple is moving in “downtrend” and as long Ripple is below $1 this cryptocurrency is in the “SELL” zone. Short term support and resistance levels are $0.4 and $0.5 – If the Ripple jumps above $0.5 that would be a “BUY” signal and the open way to $0.6. If the Ripple jumps above  $1 that could be a strong signal of the trend reversal and the open way to $1.5. On the other side, if the XRP falls below $0.4 that will be a strong signal “SELL” signal and the next target could be around $0.35.

Advice: Ripple (XRP) is one of the most popular cryptocurrencies in the market and according to some analysts, XRP can rise to $5 in 2019. This is a still very optimistic scenario but in my opinion, XRP has a very good risk/reward ratio in the market right now which means you stand to gain a lot more for taking a comparatively smaller risk. May has been a very positive month for the cryptocurrency market so far, the price of Bitcoin is above $8 600 and this is certainly a positive thing for all other cryptos. There is a positive correlation between the price movements of Bitcoin and other cryptocurrencies and as long the price of Bitcoin is above $ 7 000 the current positive trend remains intact. As for the technical picture, if the price of XRP advances above $0.50, short-term traders can enter the position with the stop loss at $0.44 and take profit at $0.6 or even $0.7.

Technical Analysis of Ripple

Ripple (XRP) is one of the most popular cryptocurrencies in the market and according to some analysts, XRP can rise to $5 in 2019. This is a still very optimistic scenario in my opinion but it is important to say that XRP has a very good risk/reward ratio in the market right now which means you stand to gain a lot more for taking a comparatively smaller risk. Ripple is consistently adding new clients, many financial institutions are also using the Ripple protocol in order to transfer money from one part of the globe to another. Some important names include UniCredit, UBS & Santander, Global Payments Steering Group. If any of the large banks implement the Ripple protocol, this cryptocurrency can easily rise above $2 – $3. It all depends on the partnerships which it is forging with various companies all over the world. The price of Ripple currently stands around $0.33 and according to technical analysis, the downtrend is not over yet. When we look at the 1-year chart we can see that Ripple is moving in “downtrend” and as long Ripple is below $1 this cryptocurrency is in the “SELL” zone. Short term support and resistance levels are $0.3 and $0.4 – If the Ripple jumps above $0.6 that would be a “BUY” signal and the open way to $0.8. If the Ripple jumps above  $1 that could be a strong signal of the trend reversal and the open way to $1.5. On the other side, if the XRP falls below $0.3 that will be a strong signal “SELL” signal and the next target could be around $0.25.

Advice: Ripple has a mission to become the go-to blockchain for big banks and financial institutions. Ripple can be a very good investment option according to estimates and some predictions say that this cryptocurrency could be above $5 in the next several years. Yes, it is true that the price could fall even more but the current price of XRP stands around $0.33 and this is very close to strong support which stands at $0.30. My opinion is that XRP could be a very good investment opportunity and putting a reasonable amount of money into XRP could potentially turn out to be an excellent investment. As for the technical picture, the XRP remains in bearish phase but if the price advances above $1, short-term traders can enter the position with the stop loss at $0.9 and take profit at $1.3 or even $1.5.
 

Technical Analysis of Ripple

The price of Ripple has been in the “bearish” phase since January 2018 but we can not say that the lowest price in August 2018 is the end of this phase. Ripple can be a very good investment option according to estimates and some predictions say that this cryptocurrency could be above $5 in the next several years. Yes, it is true that the price could fall even more but the current price of XRP stands around $0.31 and this is very close to strong support which stands at $0.30. Ripple has been increasingly adopted by banks and payment networks, some important names include UniCredit, UBS & Santander, Global Payments Steering Group. When we look at the 1-year chart we can see that Ripple is moving in “downtrend”. As long Ripple is below $1 this cryptocurrency is in the “SELL” zone. Short term support and resistance levels are $0.3 and $0.4 – If the Ripple jumps above $0.6 that would be a “BUY” signal and the open way to $0.8. If the Ripple jumps above  $1 that could be a strong signal of the trend reversal and the open way to $1.5. On the other side, if the XRP falls below $0.3 that will be a strong signal “SELL” signal and the next target could be around $0.25.

Advice: According to estimates, Ripple (XRP) is one of the cryptocurrencies which you should definitely not ignore and this cryptocurrency might still be undervalued despite the current situation on the cryptocurrency market. Ripple is an open source digital payment network which is also used by banks, the network is extremely fast and payments in XRP take around 4 seconds. It is important to say that all accounts and transactions have strong security and they are algorithmically verified. Ripple has a mission to become the go-to blockchain for big banks and financial institutions. My opinion is that XRP could be a very good investment opportunity and putting a reasonable amount of money into XRP could potentially turn out to be an excellent investment. As for the technical picture, the XRP remains in bearish phase but if the price advances above $1, short-term traders can enter the position with the stop loss at $0.9 and take profit at $1.3 or even $1.5.
 

Technical Analysis of Ripple

Ripple is an open source digital payment network which is also used by banks, the network is extremely fast and payments in XRP take around 4 seconds. Ripple can be a very good investment option according to estimates and some predictions say that this cryptocurrency could be above $5 in the next several years. Yes, it is true that the price could fall even more but the current price of XRP stands around $0.31 and this is very close to strong support which stands at $0.30. Ripple has been increasingly adopted by banks and payment networks, some important names include UniCredit, UBS & Santander, Global Payments Steering Group. When we look at the 1-year chart we can see that Ripple is moving in “downtrend”. As long Ripple is below $1 this cryptocurrency is in the “SELL” zone. Short term support and resistance levels are $0.3 and $0.4 – If the Ripple jumps above $0.6 that would be a “BUY” signal and the open way to $0.8. If the Ripple jumps above  $1 that could be a strong signal of the trend reversal and the open way to $1.5. On the other side, if the XRP falls below $0.3 that will be a strong signal “SELL” signal and the next target could be around $0.25.

Advice: Ripple has a mission to become the go-to blockchain for big banks and financial institutions. My opinion is that XRP could be a very good investment opportunity and putting a reasonable amount of money into XRP could potentially turn out to be an excellent investment. As for the technical picture, the XRP remains in bearish phase but if the price advances above $1, short-term traders can enter the position with the stop loss at $0.9 and take profit at $1.3 or even $1.5.
 

Technical Analysis of Ripple

The cryptocurrency market has shed around 10% of market capitalization in the last several days and for now, there is no important reason to change this negative trend. The price of Ripple is also pressured by this situation and the price of this cryptocurrency has weakened from $0.40 below $0.33 in less than five days. It is also important to say that the Bitcoin is again below $4 000 and this is certainly not a good sign for the cryptocurrency market. Ripple is an open source digital payment network which is also used by banks, the network is extremely fast and payments in XRP take around 4 seconds. My opinion is that XRP could be a very good investment opportunity and putting a reasonable amount of money into XRP could potentially turn out to be an excellent investment. When we look at the 1-year chart we can see that Ripple is moving in “downtrend”. As long Ripple is below $1 this cryptocurrency is in the “SELL” zone. Short term support and resistance levels are $0.3 and $0.4 – If the Ripple jumps above $0.6 that would be a “BUY” signal and the open way to $0.8. If the Ripple jumps above  $1 that could be a strong signal of the trend reversal and the open way to $1.5. On the other side, if the XRP falls below $0.3 that will be a strong signal “SELL” signal and the next target could be around $0.25.

Advice: Ripple has been increasingly adopted by banks and payment networks and this cryptocurrency can be a very good investment option according to estimates. The price of Ripple has been in the “bearish” phase since January 2018 but we can not say that the lowest price in August 2018 is the end of this phase. As for the technical picture, the XRP remains in bearish phase but if the price advances above $1, short-term traders can enter the position with the stop loss at $0.9 and take profit at $1.3 or even $1.5.
 

WHICH COIN IS SET TO PASS 200% PROFIT MARK IN 2019

The year 2018 was saddled with bearish market, while this has in some ways discouraged a rather considerable amount of investors and blockchain stakeholders, it is imperative to bring to your notice that there is still plenty of greens in the cryptocurrency industry. Also, it is also important that I establish that investors are still trooping into the industry; these are investors that I refer to as people that are not in the industry for a quick profit. So if you are reading this and you are in for a quick profit, this might be beneficial to you. While it is good to invest wisely into a crypto coin that will yield good dividends, it is important that you know that it is not always a roller coaster ride that always go up.
One of the major causes of the bearish market of 018 was the saturation of the cryptocurrency space with different altcoins, giving way for incredibility, frauds and permeability. However, 2019 promises a market capitalization dedicated to eliminating these altcoin projects that shouldn’t have in anyway enter into the cryptocurrency business. This as a result may nullify many initial investments, but it will on a long run increase the worth of cryptocurrency that deserves to be invested in. So, I guess I can comfortably say that 2019 will see the increase of specific, special coins to the 200% profit mark. While the coins that I have given here are strictly based on prediction, I will like to state the fact that these predictions were made with available data.

Ripple (XRP)

On the index of performance, Ripple was sitting at the top in 2017. It growing at an amazing 35,000% profit mark in the year. Over the year 2018, ripple has been involved with hundreds of partnerships with major players in the bank industry. Most experts believe that 2019 for cryptocurrency, is the year of the investment of institutional money. With partnerships with giants like Israel’s GMT, MoneyGram, American Express, EarthPort and Akbank all line,  all indications shows that Ripple is on the forefront in terms of security in the eyes of investors. It is not surprising therefore that Ripple is going to be a good hit in 2019, with over 200% profit mark.

Bitcoin (BTC)

Bitcoin is considered to be the king of cryptocurrency, with over 10 years in the market. Although the past one year have not been that good for the creation of Sahtoshi Nakamato, with it being on the bear market range. Bitcoin remains a strong holder in the market capital, holding more than 50% share. And with all indications showing that a possible expansion is imminent in 2019, it means that Bitcoin will also increase. Bitcoin also remains the most popular cryptocurrency, so it is the first choice of new investors. After it hit a $20,000 highest mark in December 2017, with an averaging price of $3,500 in December 2018, you will agree with me that everything is possible. And among all possibilities, forecasting have favored up to 300% increase.

Binance (BNB)

Binance is currently the biggest cryptocurrency exchange in the world. 2019, from all indications promises even bigger improvements. Binance has continued to attract new investors, especially because it has a token with the most traded coins available in the market. They have a wonderful referral scheme, with easy exchanges. Coupled with the fact that holders of Binance get discounts on trading fees. With all these advantages at its disposal, we are sure looking at a 2019 with a profit margin over 200%.

OmiseGo (OMG)

OmiseGo is a payment terminal, said to be the cryptocurrency version of PayPal. They announced partnerships with the Thai Government this year, making it a probable king in the crypto market space with a government backed advantages. With major operations in Japan, Singapore and Indonesia, OmiseGo is looking forward to taking over the payment platform in 2019, attracting more investors and traders. This it does by helping giving people without bank account the opportunity to get banking services. With a good history so far, you can’t but deny that OmiseGo is coming with a big bang in 2019.

Technical Analysis of Ripple

The cryptocurrency market has shed around 50% of market capitalization in the last several weeks and for now, there is no important reason to change this negative trend. The price of Ripple is also pressured by this situation and in only one month period the price of this cryptocurrency has weakened from $0.54 below $0.30. Ripple is an open source digital payment network which is also used by banks, the network is extremely fast and payments in XRP take around 4 seconds. It is important to say that all accounts and transactions have strong security and they are algorithmically verified. My opinion is that XRP could be a very good investment opportunity and putting a reasonable amount of money into XRP could potentially turn out to be an excellent investment. When we look at the 1-year chart we can see that Ripple is moving in “downtrend”. As long Ripple is below $1 this cryptocurrency is in the “SELL” zone. Short term support and resistance levels are $0.3 and $0.4 – If the Ripple jumps above $0.6 that would be a “BUY” signal and the open way to $0.8. If the Ripple jumps above  $1 that could be a strong signal of the trend reversal and the open way to $1.5. On the other side, if the XRP falls below $0.3 that will be a strong signal “SELL” signal and the next target could be around $0.25.

Advice: Ripple has a mission to become the go-to blockchain for big banks and financial institutions. Ripple has been increasingly adopted by banks and payment networks and this cryptocurrency can be a very good investment option according to estimates. As for the technical picture, the XRP remains in bearish phase but if the price advances above $1, short-term traders can enter the position with the stop loss at $0.9 and take profit at $1.3 or even $1.5.
 
 

LiteCoin Technical Price Analysis(Nov.7th)

Ripple is an open source digital payment network which is also used by banks, the network is extremely fast and payments in XRP take around 4 seconds. It is important to say that all accounts and transactions have strong security and they are algorithmically verified. Ripple has a mission to become the go-to blockchain for big banks and financial institutions. Ripple has been increasingly adopted by banks and payment networks, some important names include UniCredit, UBS & Santander, Global Payments Steering Group. My opinion is that XRP could be a very good investment opportunity and putting a reasonable amount of money into XRP could potentially turn out to be an excellent investment. When we look at the 1-year chart we can see that Ripple is moving in “downtrend”. As long Ripple is below $1 this cryptocurrency is in the “SELL” zone. Short term support and resistance levels are $0.4 and $0.8 – If the Ripple jumps above $0.8 that would be a “BUY” signal and the open way to $1. If the Ripple jumps above  $1 that could be a strong signal of the trend reversal and the open way to $1.5. On the other side, if the XRP falls below $0.4 that will be a strong signal “SELL” signal and the next target could be around $0.3.

Advice: Ripple can be a very good investment option according to estimates and some predictions say that this cryptocurrency could be above $5 in the next two years. Yes, it is true that the price could fall even more but the current price of XRP stands around $0.46 and this is very close to strong support which stands at $0.40. As for the technical picture, the XRP remains in bearish phase but if the price advances above $1, short-term traders can enter the position with the stop loss at $0.9 and take profit at $1.3 or even $1.5.

Trading Strategies for Ripple

Ripple is an open source platform that is designed to allow the user to transfer money from one currency to another in a matter of seconds. Its main aim is to provide an almost free global financial transaction channel in a secure and faster manner. The token used on Ripple is known as XRP and a minimum transaction cost of $0.00001. Even though Ripple has faced criticisms for being a complete opposite of Bitcoin, its transactions are faster and the XRP token relatively cheap. Ripple seems to be promising as it is one of the fastest growing cryptocurrencies.
You can buy Ripple either by using fiat money or other cryptocurrencies. The best places to buy Ripple using cryptocurrencies is at Binance, Bittrex or Poloniex which are ranked as top 3 exchanges in terms of volume. You first need to buy any amount of Bitcoin with US dollar then transfer the amount into Binance and buy some Ripple.
Discussed below is a step by step guide into the price action that you may find useful in day trading XRP Ripple. There are no indicators required here.

1.Divide your 5-minute chart by trading sessions

The 5-minute chart will give you a better view of the overall price action and the Ripple intraday trend.

 2. If we are on an Up-day, mark on your chart the time window between 9 and 10 GMT Time

Through backtesting, it is estimated that the best time to buy Ripple is between 9 and 10 GMT while statistics show that it is in the Up days. If we buy Ripple above the opening price, it means we’re buying in the direction of the prevailing trend.

3. Buy anywhere between the 9-10 GMT Time window

This is the time when many cryptocurrency traders step into the market.

4. Hide your stop loss below the opening price

Hiding your protective stop loss deep below the opening price alters the bullish sentiment thus the need to place it below.

5. Take the profit once the price travels the same price distance it did from the opening price until 9 am GMT

The price distance from the opening price to the high established between 9 and 10 GMT is first measured and the same price projected to the upside measured from the low established between 9 and 10 GMT.

These strategies will allow you to take advantage and profit from day trading XRP.

References:

  1. https://tradingstrategyguides.com/ripple-trading-strategy/
  2. https://www.avatrade.com/forex/cryptocurrencies/ripple
  3. https://www.daytrading.com/ripple

Ripple Pushing Towards Mass Adoption of XRP and their Complementing Solutions

In this article, we have to make a discussion on the mass adoption of XRP as suggested by Ripple news, also the complementing solution of this news.

What Public Relation Channel perform for XRP?

Now a days, Ripple and Labs of Ripple are going to pay gifts and rewards to their clients and gave them a chance or choice to push the phenomenon of adoption for three main methods that required solutions. According to these, xVia, xRapid and xCurrent are going to have on integration spree. Public Relation channels are giving chance to their third-party entities to highlight the relationship with ripple. XRP is provided waves with the help of these relationships and companies.

Xpring, an Initiative!!!

An Initiative was introduced by the Ripple which is simply supported by blockchain start-ups that usually introduced the purpose to integrate the XRP for introducing their product on ease.
Chris Larsen and Stefan Thomas suggest that there is the need to startup Omni which will consider their integration of XRP. The perception of ownership that owned their Omni didn’t require rant as their cash or earn system through XRP wallet.
According to Ripple Coin News, fiat option is going to make a settlement with XRP that could be a new experience for the users who got this new application. Therefore Nexo an official site gave the crypto loan processor which was taken as the token. They took out this app as collateral. Users have noticed this XRP button that was confirmed by the company.

xRapid by Viamericas:

Due to the involvement of Viamericas, the use of xRapid is increased day by day. In cross-border payments, the use of XRP and xRapid is going to save the cost and whole system is going towards or becoming the main player. The Chairman of Viamericas said in accordance with Ripple that digital assets like XRP plays a vital role in the phenomena of cross-border payments as they gave legal infrastructures to the safely address cryptocurrency. Therefore, is safe for XRP to adopt or push Ripple for the betterment of the nodes of cryptocurrencies.
 

【Reference】
ripplecoinnews.com
reddit.com