Remember the inverse head and shoulders chart pattern I pointed out on ripple price yesterday? It was invalidated when XRPUSD...
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
Head and Shoulders Still Intact on XRPUSD The head and shoulders pattern on ripple price (XRPUSD) still looks intact. On...
Neckline, Triangle, and Trend Line Break on XRPUSD Sellers dominated yesterday’s trading on ripple price (XRPUSD). The cryptocurrency traded below...
On the daily time frame, we can see that ripple price found enough buyers in Friday’s trading to close higher....
Remember ripple price testing support at the trend line on the daily time frame yesterday? As it turned out, there...
Trend Line Support on XRPUSD Held Yesterday, ripple price traded higher. XRPUSD found support at the rising trend line (from...
Ripple price action is taking a breather today along with the rest of the cryptocurrency market. This followed a pause...
Ripple Price Analysis Remember the rising trend line I pointed out on ripple price yesterday? There were not enough buyers...
On the daily time frame of XRPUSD, we can see that ripple price has been making higher lows following a...
Ripple price action has stalled at the key resistance area of 0.25308 as attempts to push further to the upside...