{"id":367609,"date":"2019-01-08T15:00:32","date_gmt":"2019-01-08T15:00:32","guid":{"rendered":"https:\/\/ktsl888.com\/?p=367609"},"modified":"2024-06-11T17:56:33","modified_gmt":"2024-06-11T17:56:33","slug":"ripple-price-analysis-xrp-at-40-cents-an-illusion","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/ripple-price-analysis-xrp-at-40-cents-an-illusion\/","title":{"rendered":"Ripple Price Analysis: XRP at 40 Cents an Illusion?"},"content":{"rendered":"
Although Dec 24 bull bar did rouse traders, XRP\/USD is ranging with caps at 40 cents. Going on, we expect prices to expand above 40 cents towards 60 cents or higher in coming days.<\/em><\/p>\n With each passing day, XRP\u2019s lack of volatility may be ideal for Ripple and banks transacting using xRapid. However, for traders, this stable coin status means XRP is one of the few under-performing coins in the last 24 hours.<\/p>\n At current rates, XRP is up 3.9 cents against the USD and bulls are yet to close above the all-important resistance level at 40 cents. If it goes on like this then, then we shall retain a bullish outlook, but in light of existing conditions, traders would better halt their trading until after there is a definite break and close above previous support now resistance at 40 cents.<\/p>\n Coincidentally, this level is the 61.8 percent Fibonacci retracement line between Nov-Dec 2018 high low.<\/p>\n On the macro side of the equation, Ardo Hansson\u2014a member of the European Central Bank and a Governor of Estonia asserts<\/a> that cryptocurrencies are a fad and a \u201cfairy tale.\u201d In a conference to mark Estonia\u2019s five years with the Euro, the Ardo said crypto is a \u201cload of nonsense\u201d clutching on straws. He goes on to say that unless there is some market equilibrium, the crypto bubble will go bust.<\/p>\n \u201cThe bubble is collapsing, and maybe we should see how far this collapse goes, and what is left when we\u2019ve reached a new kind of equilibrium. I think we will come back a few years from now and say how could we ever have gotten into this situation where we believed this kind of a fairy-tale story.\u201d<\/p><\/blockquote>\n He goes on to issue a precaution saying if \u201cgrandmothers invest in this<\/em>\u201d then there should be fitting regulatory protection on the ground.<\/p>\n <\/p>\n As Ardo lambasts cryptocurrencies while forgetting that the country\u2019s banking sector is recovering from a $230 billion money laundering scandal involving Danske<\/a>, XRP volatility is low. in the last day the coin is down 0.3 percent and oscillating within Jan 6 and 7 bars.<\/p>\nRipple Price Analysis<\/h2>\n
Overview<\/h4>\n
Fundamentals<\/h4>\n
Candlestick Arrangement<\/h4>\n