Analyze graphs: grow Ripple this week?
Source:
The Launch and new partnership «fueled» news background around . However, the recent growth of the coin may be just the beginning of a global uptrend.
While XRP is trading 18 percent lower than last week. However, very soon the bitcoin will be back above 50 cents. After that, the next target for the bulls will become the level of 80 cents. A more detailed analysis below.
theLatest news
Now investors are waiting the final decision of the SEC on the nature of XRP. If the financial regulator would not consider XRP to be a valuable paper, so cryptocurrency you can safely put on a par with the .
It also alleges a former member of the SEC Michael Didiuk. According to him, the ripple does not meet all the test conditions, Howie, and therefore can not be considered securities.
is not a security. It is a currency. could go away and XRP would still exist.
Michael Didiuk, 8 year-long former US SEC employee
— Steven Diep (@DiepSanh)
At the moment the coin appears in three trials. All plaintiffs claim that they have invested in the project because of the Ripple promises regarding future revenues. Since that time Ripple was divided into two divisions: Ripple Labs and the Ripple, which is engaged in the development and promotion of software products like xRapid.
theTechnical analysis
To Buy a crypt at the peak always profitable — this is the lesson that XRP is teaching traders September 23. 1-weekly chart is seen after a quick two-day growth coin with the same speed rolled down.
image Source — NewsBTC
However, very soon the bulls need to gain strength and beat the price up from the closest Fibonacci level. At the moment the main support area is 40 cents, and the first target for taking profits is the level of 80 cents.
image Source — NewsBTC
Scale 1-daily chart, the situation looks quite good for the bulls. You can buy XRP at market price with a stop loss just below 35 cents.
Analysis of schedules prepared . More promising coins can be found in our .
Recommended
the long-awaited summer. Niche cryptocurrency supported the event and gave unusually hot week. During the last seven days, we learned about the new line of graphics cards from AMD, the mining in TON and hard forks . In addition dealt with the profita...
Co-owner Bitcoin.org Coinbase Pro ridiculed and called a stock exchange Scam
co-Owner Bitcoin.org and most popular forum about cryptocurrency Bitcointalk.org Cobra called Coinbase Scam Pro trading platform American crypto currency exchange Coinbase. In his tweet he wrote «if you read Coinbase Pro backwards, get the word ...
The Ethereum is a cryptocurrency Scam. A new report Chainalysis
When people learned how to create a new cryptocurrency and began to build their infrastructure like marketplaces, in the field began to appear and fraud. According to blockchain auditor Chainalysis for the past two years, fraud in the ecosystem has s...
Related News
VEB and the Grozny mayor's office transferred the housing sector on the blockchain
In February, the first Deputy Chairman of VTB Olga Dergunova positively the prospects of the blockchain. According to her, the technology will improve the speed of transactions and security standards. To move from words to action ...
Hacker 1337. How to hack Etherscan not to cause any harm
Monday on the website Etherscan.io appeared a pop-up message with the numbers 1337. The visitors began to panic and spread rumors about hacking Explorer. really hacked, but the damage from a hacker attack was zero. About it writes...
What to expect from Bitcoin in the new week? Analysts forecast
last week traded in the range of from 6500 to 6700 dollars, becoming an example of firmness and stability. Low volatility has contributed to both good and bad news. It is their combination in the past seven days let the first cryp...
Developer: Bitcoin will not require hardforce to scale the network
the scalability of Bitcoin is possible without holding hardforce — it will be enough softforyou. This was stated by co-founder of Blockstream and well-known developer Marc Friedenbach. as a tool for soft scale network Friedenbach ...
Going home: two criminals extradited from the Philippines for fraud with Bitcoin
Two swindlers Asian nationalities will soon be deported from the Philippines in their home countries. The Prosecutor's office of China and South Korea want to get back their citizens and punish them to the fullest extent of the la...
Venezuela will issue passports for the Petro. But is there a coin?
the Citizens of Venezuela will now have to pay the state fee for the issuance or re-issuance of passports in the national bitcoin El Petro. The first service will cost 2 coins ($115), the second one (57.5 per dollar). The amount i...
Livecoin hacked? Users complain of problems with access to the exchange
Today the participants of the English-speaking chat pool complained of problems with access to cryptocurrency exchange Livecoin. When trying to download a website a sign announces a planned update, on which programmers work "in th...
Charlie Lee: Lightning Network fully corresponds to the original idea of Satoshi Nakamoto
yesterday in a series of tweets Charlie Lee explained the difference between transactions of Bitcoin and Litecoin. Mini-lecture the Creator of Litecoin took place almost immediately after the debate Whether and Roger's Faith in Tw...
The number of empty blocks in the network Ethereum increased by 637 percent before hardforum
In the last three months the number of miners empty blocks of Ethereum has increased dramatically. It happened after the developers announced the exact date for the hard forks . According to the senior scientific employee of the ...
In the cryptocurrency market has many successful projects — among them Bitmain, Circle and many others. But there are bad examples. It seems that soon their ranks will include Dan Morgado Fund Pantera Capital Management, the asset...
Will increase if the volatility of Bitcoin? The answer of experts
the Volatility of Bitcoin at the lowest level in the last 17 months. The reason — the lack of important news and low trading volumes. Some investors even believe that this evidence «formation» of the stock market. Howeve...
$ 2,000 for nine months. Three dollar Monero from analysts
Altcoins focused on privacy, has gained immense popularity not only among the scams, but also among ordinary traders. That is why recently on Tradingview there are many interesting predictions of the price movement . The three mos...
Summing up: what happened this week for Ethereum?
the Price of Ethereum still konsolidiruyutsya trading in tandem with the dollar. However, while there is still a chance for a small correction to the level of 214 dollars. the Overall situation looks like this: the the asset trad...
Today remembered the fight, McGregor and Nurmagomedov and the fight after it. The week before was no less exciting. Russian miners learned of a possible increase of tariffs for electricity and taxation. Other market participants u...
Summing up: what happened this week on Bitcoin?
Bitcoin is trading above $ 6,400 local in a symmetrical triangle. To sharp price jump cryptocurrency remains very little time. the Overall situation looks like this: the the generated a strong area of support at the level of 6400...
Analyst: Bitcoin is close to the bottom, will soon begin to rise
throughout 2018 analysts many times said that it has reached its bottom. However, the expert of company Capital Blockchain Spencer Bogart believes that the first cryptocurrency only now coming closer to a good minimum, which in th...
The wind of change: 5 new trends on the stock market
Kriptonyte overcame many obstacles and went through countless tests. 2018 has not turned out as rosy as expected. However, in recent years the stock market has allocated five interesting trends. the Domination Asian China and othe...
More: how zcash for can help to expand the capacity of Ethereum
In September Vitalik Buterin that the Ethereum network that can be scaled up to 500 transactions per second. This will help the technology of ZK-SNARKS, which is used in zcash for. this week, researchers Barry Withat, Alex Gluchow...
Analyze charts: when you start to grow EOS, Litecoin, Stellar, Tron and Cardano?
the stock market is under accumulation, so that investors happy even a few percent of the profits. Yesterday the most successful investment among altcoins became Cardano, coin rose 1.5 percent for the day. Analysis of trading five...
In Australia the scammers stole 50 thousand dollars through a fake Bitcoin ATM
Scammers in the field of cryptocurrencies, perhaps even more creative than the developers of the coins. They come up with many ways to steal money outstanding on the market — and often they do it. For example, in Australia, the at...
Comments (0)
This article has no comment, be the first!