In this section, you will find important Ripple price news, actionable trading ideas, and a live XRPUSD chart to help you understand the markets better.
What is Ripple?
Ripple or XRP is a digital currency created in 2012 as a standard of exchange on the Ripple payment protocol. XRP was mainly built for corporations to use as it aims to be a fast, secure and cost-efficient cryptocurrency for sending money around the world using blockchain.
Financial institutions and payment providers can use XRP to reduce their transaction costs and enter new markets. XRP exists within the Ripple Payment and Exchange Network and can be used for transactions between traditional currencies such as USD, EUR, GBP, and other cryptocurrencies through the RippleNet payment network. A major difference between Ripple and the other major cryptocurrencies is that the XRP is not mined. There is a fixed stock of 100 billion XRP controlled by Ripple Labs, the company that created XRP.
XRPUSD is a pair that shows how many US dollars it costs to buy one XRP. The XRP price at the time of writing was $0.399672 with a market capitalization at 17 billion dollars which made it the third-largest cryptocurrency after Bitcoin and Ethereum.
Neckline, Triangle, and Trend Line Break on XRPUSD Sellers dominated yesterday’s trading on ripple price (XRPUSD). The cryptocurrency traded below support of the rising trend line, symmetrical triangle, and neckline of the head and shoulders chart pattern. Where is it headed to? In forex trading, a symmetrical triangle is considered [...]
Head and Shoulders Still Intact on XRPUSD The head and shoulders pattern on ripple price (XRPUSD) still looks intact. On the 4-hour time frame, we can see that the cryptocurrency has not yet closed below support at the neckline around $0.2300. It currently looks like it is testing support at [...]
Remember the inverse head and shoulders chart pattern I pointed out on ripple price yesterday? It was invalidated when XRPUSD made a lower low. However, if we zoom out to the 4-hour chart today, we can see another interesting setup on the cryptocurrency. Head and Shoulders at Rising Trend Line [...]
Inverse Head and Shoulders at Trend Line of XRPUSD H1 Remember the trend line I pointed out on ripple price yesterday? It held perfectly. XRPUSD bounced off of it and an inverse head and shoulders pattern even materialized. When you enroll to our forex trading course, you will learn that [...]
Ripple Price Analysis Ripple price has been trading lower since January 18. I even pointed out last week that it lost around 4% in a single day’s trading. However, looking at the short-term technical setup of XRPUSD, the cryptocurrency looks like it could soon find bids in the market. On [...]
Ripple price appears to be running out of momentum in the pairing of this token with the US Dollar. This lack of price decision coincides with the stall of Bitcoin price at the $9000 psychological resistance area. Ripple price is generally disregarding data published by Center for Responsive Politics on [...]
Just recently, ripple price soared by 11% in a single day’s trading and broke resistance at a long-term trend line. While XRPUSD is still above the said trend line, it is trading 4% lower today. Does this slide indicate the start of a reversal or is this nothing more than [...]
Ripple Price Analysis - Daily Remember the symmetrical triangle I pointed out on XRPUSD yesterday? Well, ripple prices soared beyond resistance at the top of the triangle. As of this writing, the cryptocurrency is trading slightly above the $0.2300 handle. The daily time frame also shows that ripple prices are [...]
rw Ripple price is up over 3% in today’s trading as the cryptocurrency trades at $0.2080. It seems to have benefitted from news that Ethereum will see a major upgrade soon. It is said that Ethereum 2.0 will include proof-of-work (PoW) algorithm which would allow it to process significantly more [...]
Ripple price has been seeing some downward pressure in today’s trading. XRPUSD is currently down $0.00405 or 1.88% at $0.21139. The slide on the cryptocurrency may have been sparked by Ripple Labs CEO Brad Garlinghouse. He outlined the reasons why the cryptocurrency is not a security and defended its credibility [...]
Q1 Global Market Outlook
Published: January 2020 | Authors: Alejandro Zambrano, Martin Lam, and Ramy Abouzaid.
The year is almost over, and it is time to try to figure out what 2020 has to offer. Read our special report today to learn which markets could be offering the best opportunities according to the InvestingCube team.
