{"id":379641,"date":"2019-04-24T17:00:15","date_gmt":"2019-04-24T17:00:15","guid":{"rendered":"https:\/\/wncen.com\/?p=379641"},"modified":"2024-06-11T21:14:34","modified_gmt":"2024-06-11T21:14:34","slug":"ripple-xrp-down-7-3-percent-to-nov-2017-levels-rally-in-the-making","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ripple-xrp-down-7-3-percent-to-nov-2017-levels-rally-in-the-making\/","title":{"rendered":"Ripple (XRP) Down 7.3 Percent To Nov-2017 Levels, Rally in the Making?"},"content":{"rendered":"
Prices and accompanying fundamentals are not in sync as Ripple (XRP) accumulate within a 4 cents range with support at 30 cents. All the same, we are bullish, and any trigger lifting prices above 34 cents or forcing liquidation below Jan 30 lows must be with high transaction volumes.<\/em><\/p>\n There is a clear divergence. From a fundamental point of view, Ripple (XRP) should be rallying and even back to $1. However, that is not the case and to put it quite literally, XRP, the third most valuable coin with a market cap of $12,616 million, is struggling.<\/p>\n Worse, it may drop below a critical support level, and that will precipitate losses as the coin drop to valuation last seen in Q4 2017. That\u2019s some few days before the supper rally when XRP peaked at $3.3. Even if it may seem to be an uphill task, we cannot discount anything, especially now that fundamentals continue to flow as prices accumulate within a tight trade range.<\/p>\n While IBM, with a firm foothold in banking and collaborating with a competitor in Jed McCaleb\u2019s Stellar and launching World Wire with six banks willing to issue their coins on the platform, Ripple is steps ahead.<\/p>\n First, they have a presence in SE Asia and the Middle East and are actively investing in projects, diversifying their portfolio and building infrastructure that makes us of XRP use cases. With Forte<\/a>, they plan to dominate the multi-billion gaming scene and with a vibrant community pushing for integration, it\u2019s only a matter of time before prices respond\u2014hopefully in the right direction.<\/p>\n <\/p>\n At press time, Ripple (XRP) is deep in accumulation and trading above Jan 2019 lows within a four-month, 4 cents range capped by 30 cents on the lower side and 34 cents on the upper side.<\/p>\nRipple Price Analysis<\/h2>\n
Fundamentals<\/h3>\n
Candlestick Arrangements<\/h3>\n