Latest Ripple News
Like in any war, victims are usually the vulnerable. In the crypto space, the hash war between different factions within Bitcoin cash network saw ordinary investors’ record massive losses in several hours of madness. Surprisingly, in the midst of double digit losses in Bitcoin and most altcoins, XRP registered minor losses, rapidly recovering and closing three percent lower in the last week.
All out war! Hash rate now same and SV almost same number of blocks. Both sides burning cash.. this could be a seriously expensive battle of Egos. pic.twitter.com/CDtWSC3Y6H
— Ran NeuNer (@cryptomanran) November 17, 2018
Relative to other coins, this is impressive performance depicting how immune it is against BTC price movements. Inherently, the Ripple Ledger is different than most blockchains. Without incentives, validators wield no power unlike Bitcoin or Bitcoin Cash miners.
Also Read: SEC Orders Airfox and Paragon to Return Millions to Investors on ICO Registration Violations
Though there are flaws as constant accusation of centralization, their decentralization strategy is paying dividends. Furthermore, the network is generally power efficient XRP remains a tradable asset and a utility.
These hash wars highlight why everyone should dump BTC and BCH and just put all their money into XRP!
— Ran NeuNer (@cryptomanran) November 17, 2018
At the back drop of panic sells and steadying XRP prices rejecting meltdown below 40 cents, Ran NeuNer, a host at CNBC and a licensed trader directed investors to reduce their BTC and BCH coin holdings. To hedge against miners, investors should instead add their XRP holdings.
Interesting Read: Ripple Secures More Banking Partners, XRP Holds Second Spot Over Ethereum
From a neutral observer, this is coin shill but a level deeper, CoinBase Custody will in coming days offer institutional custodial support for among other coins XRP. Like it has been the case, this is fuelling speculations that the exchange could list XRP weeks after receiving $300 in a successful Series E funding. If this be the case then XRP prices could exponentially expand breaching several resistance levels in a CoinBase effect.
XRP/USD Price Analysis
Weekly Chart
After flipping Ethereum as the second most valuable coin, odds are XRP/USD could further expand. This is not only from favorable fundamentals but from technical candlestick formations that point to higher highs roughly two months after superb gains of Sep.
From the chart, we note that the long lower wick points to underlying demand since prices are still trending inside our ideal buy zone since XRP bears didn’t drive prices below 40 cents—an important support previous resistance level, aggressive traders can begin ramping up at spot prices with stops just below 45 cents.
On the flip side, conservative traders can wait for convincing high volume close above 60 cents—the 38.2 percent Fibonacci retracement level anchoring on Sep 2018 high low in line with our previous XRP/USD trade plan. Solid gains above level and traders can begin buying at spot with first targets at 80 cents and later $1.65 with stops at 50 cents.
Daily Chart
As long as XRP/USD is held within Sep 20 and 21 high low then bulls have an upper hand. As aforementioned, traders should look to take long position and after yesterday’s solid bull bar, we suggest buying at spot with stops at 45 cents with first targets at 60 cents, 80 cents and later $1.
All Charts Courtesy of Trading View
Disclaimer: Views and opinions expressed are those of the author and aren’t investment advice. Trading of any form involves risk and so do your due diligence before making a trading decision.
Author: Dalmas Ngetich
Source link
My spouse and I stumbled over here coming from a
different web page and thought I should check things out.
I like what I see so now i’m following you. Look forward
to going over your web page repeatedly.
Can I just say what a relief to discover an individual who actually understands what they’re talking about online.
You definitely realize how to bring a problem to light and make
it important. More and more people should read this and understand
this side of the story. I was surprised that you are not
more popular since you surely possess the gift.
I’m not sure why but this website is loading extremely slow for me.
Is anyone else having this problem or is it a problem on my
end? I’ll check back later and see if the problem still exists.
hi!,I love your writing so so much! share we keep in touch extra
about your article on AOL? I need an expert on this house
to unravel my problem. Maybe that is you!
Having a look ahead to see you.
I am definitely bookmarking this website and sharing it with my acquaintances. You will be getting plenty of visitors to your website from me!
I like the helpful info you provide in your articles. I will bookmark your site and check again here frequently. I’m quite sure I’ll learn many new stuff right here! Good luck for the next!
Your style is really unique in comparison to other people I’ve
read stuff from. Thanks for posting when you have the opportunity,
Guess I will just bookmark this web site.
Thanks for finally writing about >CNBC Host Recommend Buying Ripple – TradingBTC.com
<Loved it!
Do you have any video of that? I’d want to find out some additional information.
Hey there! This post could not be written any better!
Reading this post reminds me of my good old room mate! He
always kept talking about this. I will forward this page to him.
Pretty sure he will have a good read. Many thanks for sharing!
Hi would you mind letting me know which webhost you’re utilizing?
I’ve loaded your blog in 3 completely different internet browsers and I must say this blog loads
a lot quicker then most. Can you recommend a good web hosting
provider at a fair price? Many thanks, I appreciate it!
It’s fantastic that you are getting thoughts from this article as well as
from our dialogue made at this time.
You’re so cool! I do not believe I’ve truly read through something like this before.
So nice to find another person with some genuine thoughts on this issue.
Seriously.. thanks for starting this up. This website is one
thing that is required on the web, someone with some originality!
Thanks on your marvelous posting! I certainly enjoyed reading it,
you will be a great author.I will be sure to bookmark your blog and may
come back in the foreseeable future. I want to encourage
continue your great posts, have a nice evening!
Awesome website you have here but I was wondering if you knew of
any forums that cover the same topics discussed here?
I’d really love to be a part of community where
I can get advice from other knowledgeable people that share
the same interest. If you have any suggestions, please let me know.
Thanks a lot!
Aw, this was an extremely good post. Finding the time and actual
effort to generate a superb article… but what can I say…
I procrastinate a whole lot and don’t manage to get anything
done. plenty of fish natalielise
Very good info. Lucky me I found your site by accident
(stumbleupon). I’ve book marked it for later! natalielise pof
Someone essentially lend a hand to make significantly articles I’d
state. This is the first time I frequented your web page and up to now?
I amazed with the analysis you made to make this particular put up extraordinary.
Great job!
Highly descriptive blog, I enjoyed that a lot. Will there be
a part 2?
Yes! Finally someone writes about minecraft games.