Are bulls up to task to challenge the charge by XRP bears? However, since July XRPUSD bears have picked up their strength pushing the price to a mere 21 cents a token and the selling pressure looks set to continue in On the weekly charts, bulls have lacked enough strength to push the price above the resistance level of the bearish channel formation on the weekly charts despite testing the resistance level since early November.

There are a couple of factors that keep XRP in the selling zone and a number of these factors including market factors, selling pressures by Ripple and the inevitable XRP FUD that gets past around through crypto communities. The price of XRP has been set to break above the bearish channel resistance for weeks now but the persistent low trading volumes on the pair signals an oncoming bull trap.

Adding on, the relative strength index RSI is currently oscillating above the oversold region showing bears strength is yet to die out. After crossing the 20 MA lineXRP bulls seem to be ready to take over the market but only for a short time.

If bulls are to push the price above the resistance level, volumes will need to increase significantly in order for bulls. You guys have seen me post this chart before but now I have added cyclical time frames to paint an even clearer picture. Y Investing vajolleratzii December 15, If was anything to go by, Ripple chiefs are not afraid to set the price burning in a bid to redistribute the massive amounts of XRP they hold.

If Ripple continues its quarterly dump on the market throughthings may get worse for the digital asset as market reaction remains poor on these dumps. Price has been literally flat for the past 8 week — it did break a key resistance imposed two years ago with NO reaction. The hopium around the XRP Army however keeps XRP alive as bulls looks for a reversal point as price squeezes between the support resistance levels of the bearish wedge channel.

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Here’s why XRP May Crash by 50% in 2020

An oncoming bull trap The price of XRP has been set to break above the bearish channel resistance for weeks now but the persistent low trading volumes on the pair signals an oncoming bull trap. Price has been literally flat for the past 8 week — it did break a key resistance imposed two years ago with NO reaction?

Can bulls hold on?

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Share on Twitter. Share on Linkedin. Share on Telegram.Our Cryptocurrency News feed is a one stop shop destination on all the latest news in crypto. However, this news for XRP has turned out to be good in a way as XRP has regained its second position back and pushed Ethereum back to the third spot.

XRP price prediction The bears have taken the reins back from the bulls and are on a rampage to crash the markets. Mineableviews. Using below table, you can check how profitable it is to mine selected altcoins in comparison to ethereum.

Ripple XRP price crash is the result of current crypto carnage and may take some time to recover as South Korean authorities plan to curb crypto trading.

DuckDice is a design-driven Bitcoin dice game with Faucet. The price of XRP experienced a flash crash on Mar September 5, Rosze Ethereum 0. XRP Ripple 0. Video post by financialnewsdi. Crypto speculators also play an essential role in creating fluctuations in the price of Ripple XRP.

Though its value looked imprecise as of November 23 the spike it has seen since December is more likely dominating the other cryptocurrencies. See product description for full information.

XRP monthly price chart, 8 23 Download Grim reaper stock photos. The huge amount of xrp that ripple labs holds is a huge impediment to adoption.

Many ethereum traders lost large sums of money. Ripple has since. What's more impressive is that the XS Max manages to squeeze a huge 6. Ripple XRP price graph info 24 hours, 7 day, 1 month, 3 month, 6 month, 1 year. Normally, speculators buy or sell cryptocurrencies for a short period of time in order to profit from short-term price changes which are often driven by news reports and traders' sentiments.

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In games though, RAM speed can actually have a noticeable effect.Last week, analysts thought XRP was on the verge of a massive breakout. Yet on Saturday night, just before the weekly close, the asset underwent a strong drop, as did many other altcoins. That latter level acted as pivotal support for XRP during a rapid correction in late The TIE and eToro — a blockchain analytics firm and trading platform, respectively — recently released an extensive report on cryptocurrency market trends in Q2 Analysts, though, may catch a bid as altcoins may proceed to rally after Bitcoin and Ethereum seemingly prepare to enter a trading range.

One trader commented on his outlook on Bitcoin volatility moving forward:. Bidding DeFi alts here because as we sideways, focus will shift again. XRP, of course, would be a beneficiary of these inflows. I am a writer who has been following Bitcoin for years now. My insights and interviews have been featured in leading publications in the industry such as LongHash and Decrypt.

I own a small amount of Bitcoin. Here at NewsBTC, we are dedicated to enlightening people all around the world about bitcoin and other cryptocurrencies. We cover news related to bitcoin exchanges, bitcoin mining and price forecasts for various virtual currencies.

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All Rights Reserved. Advertise Submit a Press Release. Home News Ripple. Reading Time: 3min read. Play Now! Tweet Share. Could you be next big winner? Nick Chong I am a writer who has been following Bitcoin for years now. Related Posts. Premium Partners. Top Brokers. Top Casinos. Top Sportsbooks.

Press Releases. Newsletter Signup. This website uses cookies.Widespread complaints made waves across the crypto community, as traders who were long XRP on the exchange were liquidated, losing their funds. But there are always two sides to every trade, and those who were prepared were able to double their money in a matter of seconds. Volatility has returned to the crypto market in a big way, with Bitcoin and many individual altcoins going on massive, parabolic rallies.

But volatility can make trading difficult, especially on trading platforms that offer leverage. This is exactly what happened last night when the price of XRP flash crashed to from 32 cents to just 13 cents in a matter of seconds on BitMEX.

There are always two sides to every trade, a buy, and a sell order. Just as those lost substantial funds during the XRP flash crash, those that happened to have orders ready and waiting at low prices, were able to double their money in a matter of seconds. As the XRP price wick reached the extreme lows, it would have not just triggered stop losses of long positions, but would also trigger the limit orders of those waiting for lower prices to buy in. In the past, other assets have flash crashed, with among the most memorable being Ethereum flash crashing to ten cents on GDAX in During the extreme move, traders were able to buy the altcoin at just pennies.

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Certain failsafes are often put into place to prevent such issues, and oftentimes exchanges will refund users who were caught up in especially violent flash crashes. The situation is a stark reminder to never risk more than you can afford to lose on any crypto trade, as the market can always take an unexpected and powerful turn.

The other advice to take from this situation is to keep a small amount of capital ready with ultra-low limit orders just in case a flash crash strikes and you get lucky. You could potentially find yourself making the XRP trade of a lifetime.

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I'm Tony Spilotro. I pride myself on the fact my content is research driven, educational, and entertaining, offering the crypto audience an unmatched value. Here at NewsBTC, we are dedicated to enlightening people all around the world about bitcoin and other cryptocurrencies. We cover news related to bitcoin exchanges, bitcoin mining and price forecasts for various virtual currencies. All Rights Reserved.

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Reading Time: 3min read. Play Now! Tags: bitcoin BitMEX crypto flash crash xrp. Tweet Share. Could you be next big winner?Bulls may have laid the groundwork for the cryptocurrency to push higher, as it is currently flashing a technical pattern similar to that seen before previous rallies.

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This decline would strike a severe blow to its macro outlook, although history does show that a bounce at this level could spark a parabolic uptrend. This is around where it has been trading throughout the past couple of days. Although most major altcoins have been posting significant rallies throughout the past several days and weeks, the token has been unable to catch any tailwinds.

He points to a technical formation it is currently caught within that is strikingly similar to that seen before previous parabolic rallies. The chart seen below shows this pattern, also revealing that buyers must propel it past the upper boundary of its narrow descending wedge formation in the weeks ahead. Another analyst recently offered an outlook suggesting that XRP is unlikely to see any intense upwards momentum anytime soon.

Bounces are for shorting until proven otherwise. Cole is a cryptocurrency analyst based in Los Angeles. He studied at the University of California Irvine and has been interested in Bitcoin and the crypto markets since Here at NewsBTC, we are dedicated to enlightening people all around the world about bitcoin and other cryptocurrencies.

We cover news related to bitcoin exchanges, bitcoin mining and price forecasts for various virtual currencies. All Rights Reserved.

Advertise Submit a Press Release. Home Analysis. Reading Time: 2min read.

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Play Now! Tweet Share. Could you be next big winner? Cole Petersen Cole is a cryptocurrency analyst based in Los Angeles. Related Posts. Premium Partners. Top Brokers. Top Casinos. Top Sportsbooks. Press Releases. Newsletter Signup. This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.Although all cryptocurrencies have had it tough over the past few weeks, XRP has been hit especially hard.

XRP Could Crash 50% as Price Undergoes Critical Rejection: Analyst

Despite this brutal performance, a veteran cryptocurrency trader is warning that XRP may be on the verge of falling even further in the coming weeks and months. Veteran commodities trader Peter Brandt, who has embraced digital assets, recently posted the below chart to Twitter, writing :. I said I would never again post a chart of XRP. Fortunately, analysts currently see a bull case forming for Bitcoin, meaning that XRP, too, could soon find some bid, at least in the short term.

xrp crash game

There are other analysts bullish too. I am a writer who has been following Bitcoin for years now. My insights and interviews have been featured in leading publications in the industry such as LongHash and Decrypt.

I own a small amount of Bitcoin. Here at NewsBTC, we are dedicated to enlightening people all around the world about bitcoin and other cryptocurrencies.

We cover news related to bitcoin exchanges, bitcoin mining and price forecasts for various virtual currencies. All Rights Reserved. Advertise Submit a Press Release. Home News Ripple. Reading Time: 2min read. Play Now! Tags: Peter Brandt technical analysis xrp. Tweet Share Could you be next big winner? Nick Chong I am a writer who has been following Bitcoin for years now.

Related Posts. This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy. I Agree.Tracing Resistance. Photo by Stephen Radford on Unsplash. All you need is to have Trust Dice account. XMR Monero It was a bullish start to the day. With this. XRP price prediction Allegedly, market makers ignite them to trigger the stops of hapless traders. See product description for full information. Meanwhile, a shadow council self-appoints itself as unofficial king makers, declaring what is and is not a crypto security.

But that bearish curse struck again just as things were looking up for XRP hodlers. Reversing a 4. Enter the code we send you into the Nintendo eShop to get a full digital download of the game.

Bitcoincharts provides real-time market overview for currently 38 exchanges. When it comes to blockchain technology, governance is hard to solve a problem. Google has many special features to help you find exactly what you're looking for.

Scam wicks are not out of the norm in trading cryptocurrencies. Send Amazon. The only winners in this game are those who took every opportunity to accumulate at lower prices for the long term. XRP was developed aroundsince when it has gone on to become one of the top 3 coins in terms of market cap. XRP is instant and at a very low cost.