empty
 
 
07.11.2018 08:29 AM
Ripple analysis for 07/11/2018

Ripple has once again overtaken Ethereum, resulting in the largest altcoin in market capitalization after it grew 18 percent in 24 hours. The pattern that appeared this year already confirms data from Coinmarketcap several times.

The value of XRP increased sharply over the last few days, when markets reacted to a range of factors, including the latest use of the xRapid platform. It is not clear, however, which of the factors is responsible for the sudden increase. xRapid, a payment network using XRP as a transfer medium, was responsible for the previous value jump in September. However, the change was not permanent and Ethereum again took second place in the market ranking.

Let's take a look at the XRP/USD technical picture at the H4 time frame. The market just made a new local high at the level of 0.5605 and now is consolidating the recent gains. The zone between the levels of 0.4704 - 0.4651 will now act as a support for the price, but the nearest support is seen at the level of 0.4946. Please notice the momentum is strong and positive, but the overbought market conditions might suggest the deeper pullback towards one of the mentioned support levels.

This image is no longer relevant

Gana con los cambios en el valor de las criptomonedas con InstaForex.
Descarga MetaTrader 4 y abre tu primera operación.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    UNIRSE AL CONCURSO
  • Depósito al azar
    ¡Haga un depósito en su cuenta de $3,000 y obtenga $1000 más!
    ¡En Abril, sorteamos $1000 dentro de la campaña Depósito afortunado!
    Obtenga la oportunidad de ganar depositando $3,000 en una cuenta de operaciones. Tras haber cumplido esta condición, se convertirá en un participante de la campaña.
    UNIRSE AL CONCURSO
  • Opere de forma inteligente, gane un dispositivo
    Recargue su cuenta con al menos $500, regístrese en el concurso y tenga la oportunidad de ganar dispositivos móviles.
    UNIRSE AL CONCURSO
  • 100% de bonificación
    Su oportunidad única de obtener un bono del 100 % en su depósito
    OBTENER BONO
  • 55% de bonificación
    Solicite un bono del 55% en cada depósito
    OBTENER BONO
  • 30% de bonificación
    Reciba un bono del 30% cada vez que recargue su cuenta
    OBTENER BONO

Recommended Stories

¿No puede hablar ahora mismo?
Ingrese su pregunta en el chat.
Widget callback