• Home
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • XRP
    • Litecoin
    • Altcoin
    • Cardano
    • Tether
    • DOGE
    • Solano
    • XLM
    • DOT
    • XDC
    • SHIBA
    • BNB
    • Ape
    • HBAR
    • QNT
  • Blockchain
  • Regulation
  • Market
  • Live
    • Prices
    • ICO
  • Meta
    • NFT
  • Technical Analysis
    • XRP
    • BTC
    • XLM
    • ADA
    • TETHER
    • ETC
    • ETH
    • DOGE
    • LTC
  • Exchange
  • Mining
Wednesday, September 27, 2023
  • Login
  • Register
Coin24h.com
  • Home
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • XRP
    • Litecoin
    • Altcoin
    • Cardano
    • Tether
    • DOGE
    • Solano
    • XLM
    • DOT
    • XDC
    • SHIBA
    • BNB
    • Ape
    • HBAR
    • QNT
  • Blockchain
  • Regulation
  • Market
  • Live
    • Prices
    • ICO
  • Meta
    • NFT
  • Technical Analysis
    • XRP
    • BTC
    • XLM
    • ADA
    • TETHER
    • ETC
    • ETH
    • DOGE
    • LTC
  • Exchange
  • Mining
No Result
View All Result
  • Home
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • XRP
    • Litecoin
    • Altcoin
    • Cardano
    • Tether
    • DOGE
    • Solano
    • XLM
    • DOT
    • XDC
    • SHIBA
    • BNB
    • Ape
    • HBAR
    • QNT
  • Blockchain
  • Regulation
  • Market
  • Live
    • Prices
    • ICO
  • Meta
    • NFT
  • Technical Analysis
    • XRP
    • BTC
    • XLM
    • ADA
    • TETHER
    • ETC
    • ETH
    • DOGE
    • LTC
  • Exchange
  • Mining
No Result
View All Result
Coin24h.com
No Result
View All Result
Ledger Nano X - The secure hardware wallet
ADVERTISEMENT

Ripple [XRP] Price Analysis: Strong Support At $0.20, Will Bulls Prevail?

15 September 2020
in XRP
Reading Time: 4 mins read
A A
0
189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter
cryptotrader
ADVERTISEMENT


Ripple supporters are optimistic that by ramping up on their XRP purchases, confidently stacking.

Noticeably, despite stiff competition, they are holding their empire in their own hands.

The Rise of Stablecoins Dampening Ripple’s Objectives?

On one hand, Ripple is on an ambitious path to be one of the world’s leading ramp where value is moved near freely, anywhere in the world without intermediation.

However, for what they hold, the field is increasingly crowded. The development of stablecoins, for instance, threatens to save XRP market share and be headwinds to Ripple’s ambitious drive.

Nonetheless, Ripple executives are confident, unabated by the development.

In their grand scheme, the Ripple network possesses indispensable features, a big drawer for banks.

Banks will Need XRP

According to Cory Johnson, the former Head of Marketing Strategy for Ripple, banks would need a third party and Ripple’s XRP stands as the most viable vehicle for them to achieve their goals.  

This was in response to the delayed launch of the Utility Settlement Coin project with banking from some of the world’s leading global banks including Banco Santander and Barclays Plc.

The delayed is because the project needs approval from regulators.

Regulation will strengthen XRP prospects

It is also because of regulation that a famous analyst took to twitter to express his optimism on XRP.

Claiming that the fourth largest coin by market cap will soar because of U.S. regulations, the coin will consequently annihilate almost every other altcoins in the scene.

He mentions Ripple’s strong push towards the regulation of crypto assets for adoption saying XRP will benefit once a comprehensive framework is developed in the U.S.

Ripple Price Analysis

Related articles

Ripple (XRP) And Solana (SOL) Making an Attempt to Break Key Levels. What’s the next pivot points?

Ripple (XRP) And Solana (SOL) Making an Attempt to Break Key Levels. What’s the next pivot points?

27 September 2023
Shiba Inu, XRP to Expand Global Reach to 190 Countries via This Partnership

Shiba Inu, XRP to Expand Global Reach to 190 Countries via This Partnership

27 September 2023

At the time of writing, the Ripple price is changing hands at $0.24, up two percent against the USD but lagging ETH.

[crypto-donation-box]

Although traders are optimistic, candlestick arrangement suggest weakness.

In the daily chart, prices are consolidating below the middle BB pointing to weakness. Also, despite the higher highs of last week and increasing momentum relative to the lower BB, yesterday’s bar was bearish, quashing buyers’ attempt to push for better prices.

Technically, and in line with Sep 2 and 3 losses, every high should be a selling opportunity with immediate targets at $0.17 and $0.20 support zone. In the immediate term, if there are gains reversing yesterdays and last week’s consolidation above the middle BB and $0.25, the first bull target will be $0.30 and $0.34.

Cryptohopper
ADVERTISEMENT

The up-thrust should be with high trading volumes exceeding sellers of Sep 3—data streams from Bitfinex, nullifying bears as hinted from an Effort-versus-Result point of view now that the Ripple price is consolidating within Sep 3 trade range.

Chart courtesy of Trading View

Disclaimer: Views and opinions expressed are those of the author. This is not investment advice. Do your research.


If you found this article interesting, here you can find more Ripple news



Source link

Tags: AnalysisBullsPrevailPriceRipplestrongSupportXRP
Share76Tweet47
Ledger Nano X - The secure hardware wallet
Previous Post

After predicting a $2,000 drop, a top on-chain analyst is now bullish on Bitcoin

Next Post

Here’s How High Bitcoin Could Run Before Facing Immense Selling Pressure

Related Posts

Ripple (XRP) And Solana (SOL) Making an Attempt to Break Key Levels. What’s the next pivot points?

Ripple (XRP) And Solana (SOL) Making an Attempt to Break Key Levels. What’s the next pivot points?

27 September 2023
0

The cryptocurrency realm is a whirlwind of emotions, teetering between hope and hesitation, as indicated by the ‘Crypto Fear and...

Shiba Inu, XRP to Expand Global Reach to 190 Countries via This Partnership

Shiba Inu, XRP to Expand Global Reach to 190 Countries via This Partnership

27 September 2023
0

Tomiwabold Olajide Shiba Inu, XRP's global expansion expected to contribute to overall crypto adoption The global reach of cryptocurrencies Shiba...

Ripple (XRP) IPO Speculations Soar Ahead of Popular Event

Ripple (XRP) IPO Speculations Soar Ahead of Popular Event

27 September 2023
0

Ripple is hosting a party to further unite the XRP community and, more importantly, celebrate the landmark partial victory against...

Bitcoin Jumps 2%, Ignoring DXY’s Rise to 10-Month High; XRP Eyes Death Cross

Bitcoin Jumps 2%, Ignoring DXY’s Rise to 10-Month High; XRP Eyes Death Cross

27 September 2023
0

Bitcoin rose during the early U.S. trading hours, ignoring the continued rally in the greenback as spot buyers shook out...

4-Month Chart Dynamics Decoded By Crypto Analyst

4-Month Chart Dynamics Decoded By Crypto Analyst

27 September 2023
0

In a recent tweet, renowned crypto analyst, EGRAG CRYPTO, unveiled an intricate 4-month XRP price analysis which presented various crucial...

Load More
Next Post

Here’s How High Bitcoin Could Run Before Facing Immense Selling Pressure

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

We publish a comprehensive news feed covering all news relevant to the crypto user, covering main industry news, politics and regulation as well as consumer-level “news you can use” (practical stuff), including handy DIY tips, links to useful tools, unbiased reviews and opinions revolving around cryptocurrency. Simple logic and real-world examples are preferred before technical jargon and personal rants.

Categories

  • Altcoin
  • ApeCoin
  • Bitcoin
  • Blockchain
  • BNB
  • Cardano
  • Cryptocurrency
  • DOGE
  • DOT
  • Ethereum
  • HBAR
  • Litecoin
  • Market
  • Meta News
  • Mining
  • NFT
  • QNT
  • Regulation
  • SHIBA
  • Solano
  • Tether
  • Uncategorized
  • XDC
  • XLM
  • XRP

What’s New Here!

  • Shiba Inu Lies Low With Dogecoin On Decreasing Volume: Here’s What The Crypto’s Bulls Want To See
  • FTX Founder Sam Bankman-Fried Can Use an ‘Air-Gapped’ Laptop in Court, Judge Rules
  • Crypto Exchange Kraken to Explore Stock Trading: Bloomberg

Newsletter

  • About Us
  • Privacy Policy
  • Contact Us

© 2022 coin24h.com

No Result
View All Result
  • Home
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • XRP
    • Litecoin
    • Altcoin
    • Cardano
    • Tether
    • DOGE
    • Solano
    • XLM
    • DOT
    • XDC
    • SHIBA
    • BNB
    • Ape
    • HBAR
    • QNT
  • Blockchain
  • Regulation
  • Market
  • Live
    • Prices
    • ICO
  • Meta
    • NFT
  • Technical Analysis
    • XRP
    • BTC
    • XLM
    • ADA
    • TETHER
    • ETC
    • ETH
    • DOGE
    • LTC
  • Exchange
  • Mining

© 2020 coin24h.com

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
  • bitcoinBitcoin(BTC)$26,252.000.29%
  • ethereumEthereum(ETH)$1,594.660.44%
  • tetherTether(USDT)$1.00-0.20%
  • binancecoinBNB(BNB)$211.25-0.18%
  • rippleXRP(XRP)$0.500.32%
  • usd-coinUSDC(USDC)$1.000.01%
  • staked-etherLido Staked Ether(STETH)$1,595.900.54%
  • cardanoCardano(ADA)$0.2445030.00%
  • dogecoinDogecoin(DOGE)$0.0603640.01%
  • solanaSolana(SOL)$18.92-1.30%
  • tronTRON(TRX)$0.0852770.95%
  • ToncoinToncoin(TON)$2.151.88%
  • Wrapped stETHWrapped stETH(WSTETH)$1,864.880.36%
  • polkadotPolkadot(DOT)$3.99-0.44%
  • litecoinLitecoin(LTC)$63.49-0.41%
  • matic-networkPolygon(MATIC)$0.50-2.12%
  • bitcoin-cashBitcoin Cash(BCH)$229.527.40%
  • wrapped-bitcoinWrapped Bitcoin(WBTC)$26,195.000.09%
  • shiba-inuShiba Inu(SHIB)$0.000007-0.67%
  • chainlinkChainlink(LINK)$7.602.59%
  • daiDai(DAI)$1.00-0.01%
  • true-usdTrueUSD(TUSD)$1.000.12%
  • leo-tokenLEO Token(LEO)$3.690.86%
  • uniswapUniswap(UNI)$4.22-0.44%
  • avalanche-2Avalanche(AVAX)$8.90-0.84%
  • stellarStellar(XLM)$0.1120420.06%
  • moneroMonero(XMR)$145.991.25%
  • okbOKB(OKB)$42.75-0.55%
  • binance-usdBUSD(BUSD)$1.000.09%
  • ethereum-classicEthereum Classic(ETC)$15.311.53%
  • cosmosCosmos Hub(ATOM)$6.980.04%
  • hedera-hashgraphHedera(HBAR)$0.049246-0.30%
  • GGTKNGGTKN(GGTKN)$0.1121180.75%
  • filecoinFilecoin(FIL)$3.190.31%
  • makerMaker(MKR)$1,466.983.53%
  • crypto-com-chainCronos(CRO)$0.0501430.04%
  • internet-computerInternet Computer(ICP)$2.93-0.92%
  • lido-daoLido DAO(LDO)$1.460.17%
  • quant-networkQuant(QNT)$87.762.27%
  • MantleMantle(MNT)$0.387055-0.68%
  • AptosAptos(APT)$5.26-1.23%
  • vechainVeChain(VET)$0.016366-1.06%
  • ArbitrumArbitrum(ARB)$0.82-0.30%
  • optimismOptimism(OP)$1.26-0.82%
  • nearNEAR Protocol(NEAR)$1.07-1.55%
  • EdgecoinEdgecoin(EDGT)$1.00-0.03%
  • KaspaKaspa(KAS)$0.0468561.43%
  • Rocket Pool ETHRocket Pool ETH(RETH)$1,731.190.61%
  • BSCEXBSCEX(BSCX)$237.190.34%
  • aaveAave(AAVE)$60.35-1.02%