Altcoins News

Ripple XRP/USD Price Surges Instantly, Will Recover Soon

Today the price of Ripple XRP surges instantly from $0.44 to $0.47. At the time of writing this post, the price of XRP/USD is $0.4745  as per the data from Binance crypto exchange.

XRP started this week with a bearish move and the trend continue for 2 days of the week. But now it seems that bull is taking over the bear slowly. But XRP is still below the daily EMA (200) which is 0.50230.

When we look at the overall moving averages it is predicting towards a massive buy zone. But the Oscillators are still in the oversold zone. The MACD Level (12, 27) is 0.00298 and is recommending selling.

Price chart from Binance

As per the data from Binance crypto exchange, the price of XRP/USD yesterday was $0.444 USD. Soon after a few hours the bull takes its turn on the bear and gained almost $0.03

When we look at the hourly price forecast the Ripple today is a good fit for intraday trading. XRP is in a massive buy zone as the Moving averages and Oscillators are recommending to buying.

Ripple Latest News

As you know that Money 20/20 summit is going on at Las Vegas and today is the last day of the summit. This year’s Money 20/20 conference will witness executive speaking from popular blockchain companies such as the Ripple Foundation and Uphold Inc.

Moreover, 8 renowned cryptocurrencies are on the platform including Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC) and Ripple (XRP).

Also, Ripple announced their selection in the list created by the data analysis company. The company tweeted from their official handle about this. They stated: “We’re honored to be part of @CBInsights’ #Fintech250 list again this year. ”

Ripple wants to create a global platform to exchange money between financial institutions to small and medium-sized enterprises. Ripple has been pretty bold about their motive of building an Internet of Value. Furthermore, it was the hot topic of the annual conference, Swell by Rippe 2018, held at San Fransisco.

Recent Posts

Tomarket App – A Guide to $TOMATO Airdrop, Farming and Web 3.0 Drop Event

Tomarket, Telegram's mini-app hits 20+ million all-time users and 8.8+ million daily active users. Tomarket…

2 months ago

Binance Lists Decentralized and Open L1 Blockchain Toncoin (TON) on its Platform

Cryptocurrency exchange Binance, today announces the listing of Toncoin on its platform. Toncoin is a…

3 months ago

iGaming Platform BC.GAME Signs $40 Million Deal to Become Principal Partner of Leicester City

The iGaming platform BC.GAME has signed a landmark $40 million deal to become the "Official…

4 months ago

Coinbase faces new lawsuit that claims SOL, MATIC, NEAR, MANA, ALGO, UNI, XTZ and XLM are securities

Coinbase crypto exchange and its CEO, Brian Armstrong, faces a new lawsuit that claims Solana,…

6 months ago

Service Beyond Gaming: The Support Experience at HugeWin

In the world of online gambling, the quality of customer service can make or break…

7 months ago

Bitcoin (BTC) Cycle: Aiming for $155,000 Peak by August 2025

Since its launch in 2009 Bitcoin has experienced several cycles characterized by bull and bear…

7 months ago

This website uses cookies.