• 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
Monday, January 30, 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

XRP on the Move After Job Listing Reveals New Exchange Platform

6 October 2020
in XRP
Reading Time: 5 mins read
A A
0
189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter
cryptotrader
ADVERTISEMENT


Key Takeaways

  • XRP has enjoyed a 10% rally in the past 40 hours.
  • The buying pressure behind it appears to be fuelled by speculation over a new job opening at Ripple.
  • Despite the recent gains posted, the cross-border remittances token faces a major obstacle ahead that may contain rising prices at bay.

Share this article

Ripple’s XRP token is back on the rise after a recent job opening at the company revealed insights into a new exchange platform.

Speculation Mounts Around XRP

The number of XRP-related posts on different social media networks skyrocketed by a whopping 120% over the last 48 hours. Data from LunarCRUSH reveals that roughly 7.2 million social engagements have been registered today.

More importantly, over 70% of all the social interactions have been bullish about the cross-border remittances token.

XRP Social Engagement by LunarCRUSH

The rising chatter around this altcoin seems to be related to a new job opening at Ripple, which suggests the firm is working on building a new cryptocurrency exchange.

SIMETRI gains of 484%

“We’re looking for a senior software engineer [to] build an enterprise-grade, distributed trading platform that provides real-time access to crypto markets,” reads the job listing.

Although it remains unclear what exactly the team is working on, or when such a platform will launch, the so-called “XRP army” has already given Ripple its vote of confidence.

Investors appear to have rushed to exchanges to buy the token, pushing prices up by nearly 10% in the past 40 hours.

Now, a technical pattern suggests that the international settlements altcoin sits at a pivotal point.

Cred - earn easier

On the Cusp of a Major Price Movement

Despite the recent gains posted, XRP currently faces a stiff resistance cluster that may absorb any further buying pressure. This critical hurdle is represented by the upper boundary of a descending parallel channel forming since August and the 50-day moving average (MA).

Rejection from this crucial resistance level could result in a steep correction towards the channel’s middle or lower boundary. But breaking through it could push XRP towards $0.31.

XRP US dollar price chart
XRP/USD on TradingView

Given the ambiguous outlook that XRP presents, the 50 and the 100-day MA can be used as confirmation points. A daily candlestick close below support will add credibility to the pessimistic scenario while closing above resistance will signal further gains on the horizon.

A dose of patience will play an essential role in looking to benefit from this cryptocurrency’s next significant price movement.

Phemex's logo

This news was brought to you by Phemex, our preferred Derivatives Partner.

Phemex traders arena 100btc

Share this article

The information on or accessed through this website is obtained from independent sources we believe to be accurate and reliable, but Decentral Media, Inc. makes no representation or warranty as to the timeliness, completeness, or accuracy of any information on or accessed through this website. Decentral Media, Inc. is not an investment advisor. We do not give personalized investment advice or other financial advice. The information on this website is subject to change without notice. Some or all of the information on this website may become outdated, or it may be or become incomplete or inaccurate. We may, but are not obligated to, update any outdated, incomplete, or inaccurate information.

You should never make an investment decision on an ICO, IEO, or other investment based on the information on this website, and you should never interpret or otherwise rely on any of the information on this website as investment advice. We strongly recommend that you consult a licensed investment advisor or other qualified financial professional if you are seeking investment advice on an ICO, IEO, or other investment. We do not accept compensation in any form for analyzing or reporting on any ICO, IEO, cryptocurrency, currency, tokenized sales, securities, or commodities.

See full terms and conditions.

Ripple CEO Blurs the Lines as to XRP’s True Purpose

Brad Garlinghouse, the CEO of Ripple, said that a large portion of the company’s profits come from selling XRP. While Garlinghouse insists that Ripple as a company was cash positive,…

Understanding Position Sizing

Let’s briefly examine the most important aspect of any trading system, position sizing, or specifically how much we will bet on any one given trading idea.

Bitcoin, Ethereum, and XRP Investors Eye These Critical Support Levels

Nearly $25 billion were wiped out of the total cryptocurrency market capitalization over the past two days. The significant capital outflow triggered a market-wide correction that saw Bitcoin take a…

Ripple’s New Non-Profit Bolsters XRP Prices

Ripple launched a new non-profit organization tasked with achieving mass adoption for XRP Ledger. Investors welcomed the initiative by pushing XRP prices up by more than 9%. Encouraging Growth and…



Source link

Related articles

Whales Move Billions Of XRP Following Price Spike

17 January 2023

Legal expert says XRP doomsayers ‘are overstating the SEC’s chances’

17 January 2023
Cryptohopper
ADVERTISEMENT
[crypto-donation-box]
Tags: ExchangeJoblistingMovePlatformrevealsXRP
Share76Tweet47
Ledger Nano X - The secure hardware wallet
Previous Post

Record $616M of Wrapped Bitcoin Minted in September

Next Post

Ethereum May Soon Pop Higher After 30% Drop

Related Posts

Whales Move Billions Of XRP Following Price Spike

17 January 2023
0

The broader cryptocurrency market has seen improvement in investor sentiment in the last weeks, and so has XRP. Even the...

Legal expert says XRP doomsayers ‘are overstating the SEC’s chances’

17 January 2023
0

As the conclusion of the widely-publicized lawsuit between the United States Securities and Exchange Commission (SEC) and Ripple Labs looks...

Metacade, XRP, and Tron Price Prediction for 2023, 2025 and Beyond

17 January 2023
0

The crypto market moves in mysterious ways. Or not, if you look at the historical trends. Each bull market has...

Ripple Attorney Lends Further Argument on Why SEC Is Wrong About XRP: Details

17 January 2023
0

Godfrey Benjamin Ripple lawyer John Deaton says SEC's allegations have gone too far Ripple attorney John Deaton has shared further insight...

Crypto News Live Updates Jan 17: XRP Drops By 4%

17 January 2023
0

Crypto News Today Live Updates December and Latest News: (17 January 2023) The digital asset market printed red indexes on...

Load More
Next Post

Ethereum May Soon Pop Higher After 30% Drop

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!

  • XMR, DOT Move Higher, Rebounding From Recent Declines – Market Updates Bitcoin News
  • NFT Tallinn to be the flagship large-scale Web3 event in Northern and Eastern Europe
  • NFTs and Other Trends That Will Shape the Crypto Industry

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)$45,716.00-1.31%
  • ethereumEthereum(ETH)$3,456.77-0.85%
  • tetherTether(USDT)$1.000.04%
  • binancecoinBNB(BNB)$439.95-1.61%
  • usd-coinUSD Coin(USDC)$1.00-0.21%
  • SolanaSolana(SOL)$128.84-4.73%
  • rippleXRP(XRP)$0.82-1.94%
  • TerraTerra(LUNA)$111.19-1.25%
  • cardanoCardano(ADA)$1.190.55%
  • AvalancheAvalanche(AVAX)$92.73-3.81%
  • polkadotPolkadot(DOT)$22.10-4.14%
  • dogecoinDogecoin(DOGE)$0.144901-0.44%
  • Binance USDBinance USD(BUSD)$1.000.03%
  • TerraUSDTerraUSD(UST)$1.00-0.03%
  • Shiba InuShiba Inu(SHIB)$0.000026-1.07%
  • wrapped-bitcoinWrapped Bitcoin(WBTC)$45,705.00-1.34%
  • CronosCronos(CRO)$0.473031-1.56%
  • matic-networkPolygon(MATIC)$1.63-2.68%
  • Lido Staked EtherLido Staked Ether(STETH)$3,455.57-0.80%
  • NEAR ProtocolNEAR Protocol(NEAR)$15.62-3.50%
  • daiDai(DAI)$1.00-0.09%
  • cosmosCosmos Hub(ATOM)$30.76-3.98%
  • litecoinLitecoin(LTC)$123.39-2.73%
  • chainlinkChainlink(LINK)$17.14-5.68%
  • tronTRON(TRX)$0.069912-3.60%
  • bitcoin-cashBitcoin Cash(BCH)$370.86-0.90%
  • FTX TokenFTX Token(FTT)$49.41-1.74%
  • ethereum-classicEthereum Classic(ETC)$45.69-1.36%
  • Power CashPower Cash(PRCH)$0.017570881.24%
  • algorandAlgorand(ALGO)$0.88-4.27%
  • stellarStellar(XLM)$0.231372-0.55%
  • leo-tokenLEO Token(LEO)$5.95-0.02%
  • OKBOKB(OKB)$20.68-0.82%
  • UniswapUniswap(UNI)$11.31-3.17%
  • vechainVeChain(VET)$0.076890-1.96%
  • Axie InfinityAxie Infinity(AXS)$63.07-4.37%
  • HederaHedera(HBAR)$0.235142-4.16%
  • Internet ComputerInternet Computer(ICP)$21.47-0.24%
  • filecoinFilecoin(FIL)$24.44-2.18%
  • ElrondElrond(EGLD)$189.04-2.56%
  • decentralandDecentraland(MANA)$2.61-2.92%
  • The SandboxThe Sandbox(SAND)$3.40-2.47%
  • FantomFantom(FTM)$1.52-3.28%
  • moneroMonero(XMR)$214.53-0.30%
  • wavesWaves(WAVES)$37.59-24.48%
  • theta-tokenTheta Network(THETA)$3.76-6.47%
  • cETHcETH(CETH)$69.26-1.11%
  • tezosTezos(XTZ)$3.80-4.12%
  • ApeCoinApeCoin(APE)$11.60-3.99%
  • The GraphThe Graph(GRT)$0.480061-4.90%