Huge bullish reversal pattern on the Ripple daily chart.
Ripple Price
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 recovers almost all of yesterday’s losses as investors shift their attention to risky assets after the positive results from the coronavirus vaccine from AstraZeneca and Oxford University.
Ripple price is in a bull flag formation. Sign up today to find out the price implications for the charts.
Ripple price has not gathered the bullish momentum that it needs to rally past $0.2000. Could XRPUSD's recent rejection be a reversal or just a pullback?
Ripple price slumped to the lowest level in ten days and breached below the 50-day moving average signalling that bears are in full control of XRPUSD. The move today cancelled the recent rally from 0.1770 lows on July 6.
Ripple price continues lower for the third consecutive trading session after the rejection at the 200-day moving average on July 9th. XRPUSD yesterday breached shortly below the 100-day moving average
Trading on ripple price has been muted in these last few trading days. However, with this recent consolidation could we soon see a breakout on XRPUSD?
Ripple price stops for breath between the 100 and 200-day moving averages after the recent rally that drove the price from the early July lows at 0.1750 above the 0.20 mark as the bulls are gaining traction above the 100-day moving average.
Ripple price was initially off to a bullish start this week. However, the cryptocurrency is struggling to hold on to its gains and could be headed lower.
Ripple price gives up some of yesterday’s sharp gains, but the bulls managed to pare heavy morning loses. Ripple has gained over 18% in the last four trading sessions