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XRP/USD returns to green with the presence
17.12.2018, 03:24
Beitrag: #1
XRP/USD returns to green with the presence
XRP/USD is reaching $0.5190 from the bottom of $0.4356 on September 25. The third largest coin by market value has increased by 10% in the last 24 hours, yet remained 1.2% lower than that at the beginning of September 26. XRP's market capitalization has gone down from $22.9B to $20.7B, while the average daily trading volume is $1.68B.

[Bild: XRP-USD-returns-to-green-%2Bwith-the-presence.png]


See also: Blockchain application in Finance


XRP's technical picture
XRP/USD is technically backed up by psychological $0.45 and SMA200, 4-hour chart, (currently at $0.4520). Once it is cleared, the sell-off may go up to $0.4360 (SMA50, 4-hour) and $0.4000, indicating the return of bears to the market.

See also: Blockchain application in Transportation


On the upside, the recovery is capped by $0.53 with SMA100 (4-hour) marginally above this handle. In order to proceed towards $0.5445, this resistance must be removed in advance.
Ripple's community is eager for the SWELL conference on October 1-2. This event might boost the prices from current levels. The conference featured famous speakers as Bill Clinton and IMF representatives.
XRP/USD, 4-hour chart
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