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.
Live Ripple Price Chart
Ripple Price News(XRPUSD)
Inverse Head and Shoulders on the Daily Chart of XRPUSD Ripple price has been steadily trading higher for the past few trading days. The recent bullish run on XRPUSD allowed the cryptocurrency to complete an inverse head and shoulders pattern. In forex trading, this chart pattern is considered as a [...]
Ripple price action has stalled at the key resistance area of 0.25308 as attempts to push further to the upside appear to have faltered. This Ripple price move seems to be in tandem with similar price moves in other cryptocurrencies. For instance, Bitcoin price touched the $9600 before pulling back [...]
On the daily time frame of XRPUSD, we can see that ripple price has been making higher lows following a series of lower lows. In turn, this has allowed an inverse head and shoulders pattern to form. In forex trading, this chart pattern is considered as a bullish signal because [...]
Ripple Price Analysis Remember the rising trend line I pointed out on ripple price yesterday? There were not enough buyers on XRPUSD to keep it trading above $0.2400. Instead, ripple price fell below trend line support. A closer look at the hourly chart would show that the cryptocurrency has made [...]
Ripple price action is taking a breather today along with the rest of the cryptocurrency market. This followed a pause in the market selloff linked with the coronavirus outbreak on Wednesday. The risk-off sentiment that sent risky global assets plunging on Monday saw many cryptocurrencies gaining massively, as investment money [...]
Trend Line Support on XRPUSD Held Yesterday, ripple price traded higher. XRPUSD found support at the rising trend line (from connecting the lows of January 26, January 27, and January 28). There was a slight sell-off during the Asian session when ripple price gave up its gains, however, there were [...]
Remember ripple price testing support at the trend line on the daily time frame yesterday? As it turned out, there were enough buyers in the market to keep XRPUSD above the $0.2300 handle. On the hourly time frame today, we can see that the cryptocurrency is on a short-term uptrend. [...]
On the daily time frame, we can see that ripple price found enough buyers in Friday’s trading to close higher. A bullish candlestick materialized just above a broken trend line which previously provided ripple price with resistance on June 25 and November 7. The trend line has now turned into [...]
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 [...]
