Jump to content

Alarm Bells Are Ringing in Ripple (XRP)!


Recommended Posts

The two-month range increased from $0.47 to $0.56. The mid-range level of $0.514 served as support earlier this week, but Friday's decline in Bitcoin (BTC) also dragged XRP lower. This resulted in a downward reversal of the lower time frame structure.

OBV has been on a downward trend since April. It attempted to recover in May but has fallen lower over the last ten days. This data revealed that even though XRP was above the middle level of the short-term range, buying pressure remained weak.

Link to comment

Ripple management short sold 0.25% of its cryptocurrencies last week. Of course, it is not bad news, but the market perceives such news negatively. It will take a very long time for Ripple to reverse its direction.

Link to comment

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • image.png

  • Posts

    • As more users embrace Dapp, it gets easier to trade crypto, engage in DeFi lending/borrowing and trade NFTs. With the growing need to trade NFT comes the introduction of Love Power Movement, a transparent and accessible marketplace with the best conditions for successful NFT sales. Although the NFT sector has recorded significant growth, it's still impeded by challenges like low protection of artists' and buyers' data, absence of organised policy protecting sellers and buyers amongst others. Love Power aims to tackle those by offering fixed commissions and royalties to creators, ensuring proper profit for sales. LPM token forming a crucial part of the ecosystem has been launched with no presale and VC investment, with intent to direct proceeds from token sales to NFT artists. As $LPM prepares to list on Bitget, the vast community of Love Power Movement would surely be watching keenly.
    • I missed out on NOTCOIN airdrop though i took advantage to buy it at $0.05 when it dipped and in a short while it rose back to $0.2. Made some decent gains there and I'm still holding. I will explore the giveaway to boost my NOTCOIN portfolio on the cex. Right now, my focus on the pre-market trading for hamster on Bitget, I want to make the best use of the Hamster airdrop I'm anticipating.
    • Dear @br864626, Please note that you can transfer shares from your employer's Share Incentive Plan (SIP) or Save As You Earn Scheme (SAYE) to an IG ISA, you will have to ask the provider to initiate the transfer. Thanks, KoketsoIG
×
×
  • Create New...
us