By Disida - 17.02.2020
Ripple xrp august 2020
In August Ripple may heavily boost its price. We assume as high predictable a mass adoption of this cryptocurrency next months. We expect on August. Ripple sold XRP tokens worth $m in Q2 , which was a huge increase over the Q1 sales of only $m. The company has come.
The company has come under constant criticism due to their dumping of XRP in the market, which has been blamed as the main reason for the underperformance of the token in the past few months.
Ripple CEO Brad Garlinghouse has said that the current economic crisis and ripple xrp august 2020 stimulus measures adopted by the central banks have reduced the confidence in fiat currencies.
Ripple has placed 23 in the report, way ahead of other blockchain companies.
Can XRP end its underperformance and play catch up with the other major cryptocurrencies?
XRP price technical analysis: ripple xrp august 2020 chart Ripple xrp august 2020 formed a doji candlestick pattern last week, suggesting indecision ripple xrp august 2020 the bulls ripple xrp august 2020 the bears.
The altcoin fell marginally by 0. The flat close last week is a positive sign as it shows that the bulls are in no hurry to book profits because they anticipate the rally to extend click the following article. The moving averages are on the verge of a bullish crossover and the RSI is https://magazin-show.ru/2020/bitcoin-mining-2020-uk.html the overbought zone, which suggests ripple xrp august 2020 the long-term trend has turned from bearish to bullish.
The XRP price weekly analysis suggests that the trend has turned ripple xrp august ripple xrp august 2020 but the price might consolidate in the short-term.
XRP price technical analysis: daily chart XRP is currently correcting inside a falling wedge pattern, which is a bullish ripple xrp august 2020.
If the bulls can push the price above the wedge, the uptrend is likely to resume.
Both moving averages are sloping up and the Ripple xrp august 2020 is close to 70 level, which suggests ripple xrp august 2020 bulls are in command. This bullish view will be invalidated if the price turns down from the current levels or from the overhead resistance and drops below the day EMA.
Ripple (XRP) Price Prediction and Analysis in August 2020
Such a move ripple xrp august 2020 indicate selling at higher levels. How to trade XRP this week XRP is consolidating inside a bullish setup, which increases the possibility of a resumption of the up move.
Aggressive traders can consider positioning on the long side on a close UTC time above the wedge. On the downside, a break ripple xrp august 2020 ripple xrp august 2020 day EMA will signal weakness, hence, bottom fishing can be avoided if the price sustains below this level.
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