Price Analysis

XRP Price Analysis: XRP Price Surged 3% As Ripple Got $200M Fund

Ripple has a great end to Year 2019. The network announced that it has earned $200M funding in a Series C investment. The Series C was led by Tetragon with participation from SBI Holdings and Route 66 Ventures. Ripple plans to use these funds to accelerate XRP adoption globally. Following the news, XRP price saw a sudden spike in its price. 

XRP Price Analysis:

Within a few minutes after the announcement, the XRP price rose by a 3% increase from $0.188 to $0.194 against USD. The XRP/USD price has been constant since then until a few hours back. The XRP is currently trading at $0.191675 USD with a 1.7% rise. Even XRP/BTC is trading 2% higher at 0.00002674 BTC. Even the 24hr trading volume has reached to $1,637,196,126 USD.

XRP Technical Analysis:

Ripple price is showing some signs of recovery after a glance at Tradingview data. Ripple has made a higher low on the 4-hour chart.

  • RSI Indicator – the RSI downtrend has been broken which can sometimes indicate price may change trend. However, the price is again edging towards level-30 that shows XRP will trade low again.
  • MACD Indicator – MACD 4-hr chart shows the price in the green zone, and it is increasing. A break of the 0.200 level could be the confirmation. The trendline on the chart is also looking strong and a break would be a bullish signal.

What do you feel about this XRP Price Analysis? Share your thoughts on Facebook and Twitter pages.

Tags
Show More

Qadir AK

Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Check Also
Close
Back to top button
Close
Close