Wednesday, June 7, 2023
Forex Broker News
  • Home
  • Forex Broker Reviews
    • All
    • Preferred Brokers
    • Regulated Brokers
    • Unregulated Brokers
    www.vastwealth.io

    Revisión de VastWealth -español

    XTB HOMEPAGE

    XTB Review

    Sollari forex broker review

    Sollari Review

    vastwealth.io

    VastWealth Review

    stockscale .io

    Stockscale Review

    stockhome home page

    StockHome.io Review

    LegacyFX Review

    LegacyFX Review

    crypto dock, Crypto-dock, cryptodock

    Crypto Dock Review

    City Index Review

    City Index Review

  • Broker Types
  • Forex & Fintech Jobs
  • News
No Result
View All Result
  • Home
  • Forex Broker Reviews
    • All
    • Preferred Brokers
    • Regulated Brokers
    • Unregulated Brokers
    www.vastwealth.io

    Revisión de VastWealth -español

    XTB HOMEPAGE

    XTB Review

    Sollari forex broker review

    Sollari Review

    vastwealth.io

    VastWealth Review

    stockscale .io

    Stockscale Review

    stockhome home page

    StockHome.io Review

    LegacyFX Review

    LegacyFX Review

    crypto dock, Crypto-dock, cryptodock

    Crypto Dock Review

    City Index Review

    City Index Review

  • Broker Types
  • Forex & Fintech Jobs
  • News
No Result
View All Result
Forex Broker News
No Result
View All Result
Home News Forex Broker News fxpro

Despite Rising Ripple Transaction Volume, Analyst Says XRP Still Incredibly Weak

Although many major altcoins saw some relief in the first half of 2019, XRP remained stuck within the lower-$0.30 region, and the recent downturn in the aggregated crypto market that occurred in early-November led XRP to plummet to fresh 2019 lows of just under $0.20. In spite of this bearishness, it is important to note that Ripple’s transaction volume has been on the rise as of late, but this may not be enough to help propel XRP’s price higher in the near-term.

At the time of writing, XRP is trading down nearly 2% at its current price of $0.228, which marks a slight retrace from its daily highs of over $0.23. Over the past week, XRP has been finding strong buying pressure within the lower-$0.21 region, signaling that this is a level of support for the cryptocurrency. Just below this price level, at roughly $0.20, is another strong region of support that was confirmed in late-November concurrently with Bitcoin’s drop – and subsequent bounce – from lows of $6,500.

Teddy, a popular cryptocurrency analyst on Twitter, spoke about this in a recent tweet, saying: “#RIPPLE | $XRP: It has been 8 weeks that price has been testing a resistance imposed 700+ days ago. Any updates? nah, still weak as hell – regardless of you, your mother and neighbor shilling it. Statistically speaking, it’s more like to go to zero than $589.” Assuming that the fundamental strength of XRP – which is emblematic of its transaction volume, use cases, and trading volume – grows as 2019 nears an end, the embattled cryptocurrency may be able to gain some strength as the new year kicks off.

Despite Rising Ripple Transaction Volume, Analyst Says XRP Still Incredibly Weak, NewsBTC, Dec 10

ADVERTISEMENT
Share196Tweet123ShareSend

Related Posts

fxpro

Ebay Wave Analysis – 18 December, 2019

November 4, 2022
fxpro

EURUSD Wave Analysis – 18 December, 2019

November 4, 2022
fxpro

Christmas and New Year Holiday Trading Schedule

November 4, 2022
fxpro

Bit-comment: Bitcoin bounced after the drop

November 4, 2022
fxpro

US Fed Official Says 50% of Bitcoin Transactions Associated With Illegal Activity

November 4, 2022
fxpro

NTGUSD Wave Analysis – 18 December, 2019

November 4, 2022

Select one of the Best Forex Brokers for your Trading  |  Read the Reviews

Revisión de VastWealth -español

XTB Review

Sollari Review

VastWealth Review

Stockscale Review

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 65-89% of retail investor accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money. forexbroker.news is an affiliated partner with various Forex brokers and may be compensated for referred Forex traders.

Risk Disclosure: Forexbroker.news assumes no liability for loss or damage as a result of reliance on the information contained within this website including data, quotes, charts and forex signals. Operations in the international foreign exchange market contain high levels of risk. Forex trading may not be suitable for all investors. speculating only the money you can afford to lose. Forexbroker.news remind you that the data contained in this website is not necessarily real-time and may not be accurate. All stock prices, indexes, futures are indicative and not appropriate for trading. Thus, Forexbroker.news assumes no responsibility for any trading losses you might incur as a result of using this data.You should be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any doubts.

Disclaimer: It is our organization's primary mission to provide reviews, commentary, and analysis that are unbiased and objective. While ForexBroker.News has some data verified by industry participants, it can vary from time to time. Operating as an online business, this site may be compensated through third party advertisers. Our receipt of such compensation shall not be construed as an endorsement or recommendation by ForexBroker.News, nor shall it bias our reviews, analysis, and opinions.

  • Privacy Policy
  • Contact US
  • Terms of use,

Copyright © 2020 forexbroker.news

No Result
View All Result
  • Home
  • Forex Broker Reviews
  • Broker Types
  • Forex & Fintech Jobs
  • News

© 2020 https://forexbroker.news - Forex Broker news & magazine