Ripple (XRP) Price Hits the Support Level- Moving Gradually Towards Its Nadir

protEr

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Quote from: CjMapope on October 18, 2019, 09:17:40 AM

XRP has been a hard one, it looks like it wants out break out but just cant Sad

not sure if theres just massive walls to get through or what
i still have a bunch from the last run-up, hoping it returns to 0.5$ levels hehe

There is a raging bull in XRP but the supply/volume might be what's holding it back.

If we are to see a leap for the crypto traders have to overlook some of these factors to see the candle sticks break the resistance wall.

davinchi

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Quote from: Harrydose on October 18, 2019, 01:19:43 AM

The present Scenario saw an expansion in selling for bitcoins, swell, and ethereum against the US dollar. On the opposite side, XRP cost couldn’t figure out how to hold its $0.2880 and $0.2850 level as an outcome a bearish break was welcomed which was underneath the $0.2850 bolster region. On the tip of that, there was a nearby beneath the $0.2850 support.

Source " https://www.thecoinrepublic.com/ripple-xrp-price-hits-the-support-level-moving-gradually-towards-its-nadir/

You really have so much time analyzing ripple coin, when there is nothing to really analyze here and I am sorry too really say that I just see this as a typical waste of time to be analyzing a stable coin, this will always be the act and I think that the reason why you are still analyzing it is because you think there is still going to be any miracle that will make ripple grow to that $4 again.

That increase was just a manipulation, and the company just wanted to get the Attention of people that will be using their stable coin which they actually did get. If you see ripple not increasing, you will think that they actually do not have users of their coin, they have, but they are controlling that price which is why the activities of their users would not make much effect again.

styca

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Quote from: BitHodler on October 18, 2019, 11:57:29 AM

Another thing is that Ripple has been selling a lot of XRP, and chunks of these coins are being sold continuously. I'm sure if Ripple stops selling large numbers of XRP, at some point the downward pressure will diminish and the price goes back up.

Yes, I think this is certainly impacting price. It always feels like the XRP price is being held back. For most coins, whenever there is good news, the price rises accordingly. For XRP this doesn't seem to be the case. I do suspect that selling by Ripple is having an effect. Or if not Ripple, then Jed is probably selling a decent amount too. I think he has court-set upper limits, but if he sells enough frequently enough then I'd imagine that would cause significant downwards pressure.

CryptoBry

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Quote from: Deathwing on October 18, 2019, 11:59:38 AM

"Another thing is that Ripple has been selling a lot of XRP, and chunks of these coins are being sold continuously." This practically means that Ripple is controlling their own market. Downsides of centralised currency.

And I could not agree more. This is the problem of a centralized cryptocurrency platform some of its practices can still be considered as very Wall Street all thinking of their own interest above all else. Isn't it a big wonder then that there is a consensus in the cryptocurrency community of repelling another centralized coin on the rise...Libra? Different name same face.

Deathwing

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Stultorum infinitus est numerus

"Another thing is that Ripple has been selling a lot of XRP, and chunks of these coins are being sold continuously."

This practically means that Ripple is controlling their own market. Downsides of centralised currency.

BitHodler

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Quote from: CjMapope on October 18, 2019, 09:17:40 AM

XRP has been a hard one, it looks like it wants out break out but just cant Sad

not sure if theres just massive walls to get through or what
i still have a bunch from the last run-up, hoping it returns to 0.5$ levels hehe

XRP is in a tough position because even if there is enough short term demand for it, the thousands of bots keep selling it down as they follow the general trend of the market, and it has been down for a while now.

Another thing is that Ripple has been selling a lot of XRP, and chunks of these coins are being sold continuously. I'm sure if Ripple stops selling large numbers of XRP, at some point the downward pressure will diminish and the price goes back up.

Nivia1st

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Volare.network

Quote from: CjMapope on October 18, 2019, 09:17:40 AM

XRP has been a hard one, it looks like it wants out break out but just cant Sad

not sure if theres just massive walls to get through or what
i still have a bunch from the last run-up, hoping it returns to 0.5$ levels hehe

keep waiting bro... Grin

rest assured XRP will come back, looking at the movement of a few days maybe there will be a reversal soon. so be patient 0.5 $ is not a high target.

CjMapope

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~Full-Time Minter since 2016~

XRP has been a hard one, it looks like it wants out break out but just cant Sad

not sure if theres just massive walls to get through or what
i still have a bunch from the last run-up, hoping it returns to 0.5$ levels hehe

Harrydose

newbie

Activity: 145

Merit: 0

The present Scenario saw an expansion in selling for bitcoins, swell, and ethereum against the US dollar. On the opposite side, XRP cost couldn’t figure out how to hold its $0.2880 and $0.2850 level as an outcome a bearish break was welcomed which was underneath the $0.2850 bolster region. On the tip of that, there was a nearby beneath the $0.2850 support.

Source " https://www.thecoinrepublic.com/ripple-xrp-price-hits-the-support-level-moving-gradually-towards-its-nadir/

Topic: Ripple (XRP) Price Hits the Support Level- Moving Gradually Towards Its Nadir (Read 101 times)