ICOCalendar.Today

  • ICO Directory πŸ“–
  • ICT Token πŸ”₯
  • Blockchain News πŸ—ž
    • Ethereum
    • Binance
    • Cryptocurrency
    • Litecoin
    • Monero
    • Ethereum Classic
    • Bitcoin
    • Tezos
    • Tron
    • Cardano
    • EOS
    • Algorand
    • ZCash
    • Dash
    • Chainlink
    • NEO
    • Maker
    • DeFi
  • List a project πŸ’£
  • Submit Press Release πŸ‘
  • ICO Directory πŸ“–
  • ICT Token πŸ”₯
  • Blockchain News πŸ—ž
    • Ethereum
    • Binance
    • Cryptocurrency
    • Litecoin
    • Monero
    • Ethereum Classic
    • Bitcoin
    • Tezos
    • Tron
    • Cardano
    • EOS
    • Algorand
    • ZCash
    • Dash
    • Chainlink
    • NEO
    • Maker
    • DeFi
  • List a project πŸ’£
  • Submit Press Release πŸ‘

XRP Flashing Hints of Bullishness Despite Laggard Performance

4/25/2020

Comments

 
The aggregated cryptocurrency market has been caught within a firm uptrend throughout the several days, but XRP has been unable to match the significant gains seen by Bitcoin, Ethereum, and many other major altcoins. This trend is particularly clear today, as the embattled token is only trading up marginally while Ethereum has surged over 4% and as Bitcoin jumps over 1%. In spite of this short-term weakness, analysts are noting that the token could be well positioned to see a notable upswing in the days ahead, which may allow it to climb up towards its next key resistance level around $0.22. XRP Lags Behind Aggregated Crypto Market At the time of writing, XRP is trading up nominally at its current price of $0.194. This does mark a slight climb from daily lows of just under $0.19. Over a weeklong trading period, the cryptocurrency has been able to show some signs of strength as it climbed from lows of $0.18 to its highs set earlier today. It has been underperforming Bitcoin, however, which rallied from weekly lows of roughly $7,000 to highs oh $7,800. It has also lagged behind many of its other peers, including Ethereum, which has seen notable gains over the past week – pushing from lows of $171 to highs of nearly $200 earlier this morning. XRP’s underperformance of the aggregated market is not an uncommon occurrence, as it has been consistently seeing lackluster price action in the time following its 2017 rally, failing to incur the relief rallies that many other cryptos have seen in recent times. One popular crypto analyst spoke about its recent performance in a tweet, noting that its daily chart looks β€œsad and lonely.” β€œXRP Daily chart – Looks sad and lonely, not enjoying the gains that other alts have seen as of late,” he noted. Image Courtesy of Big Cheds The Crypto Could be Poised to Surge as it Flashes Bullish Signs  Despite its laggard performance, another popular analyst noted in a recent tweet that he believes it could be the altcoin best poised to surge in the near-term, setting a roughly 15% upside target at $0.22. β€œAlways feels weird to say this but out of the majority of charts I see right now, XRP is looking in the best shape for upside for me. 15% – a move to 0.22 doesn’t feel too outrageous,” he explained. Image Courtesy of Cold Blooded Shiller How the crypto trends in the coming day as its weekly close fast approaches could be critical for determining which direction it moves in the weeks ahead. Featured image from Unsplash.

Via https://www.newsbtc.com/2020/04/25/xrp-flashing-hints-of-bullishness-despite-laggard-performance/?utm_source=rss&utm_medium=rss&utm_campaign=xrp-flashing-hints-of-bullishness-despite-laggard-performance
Comments

    Blockchain News

    Leading global blockchain news provider. A blockchain, originally block chain, is a growing list of records, called blocks, that are linked using cryptography.
    BLOCKCHAIN NEWS

    Archives

    November 2020
    October 2020
    September 2020
    August 2020
    July 2020
    June 2020
    May 2020
    April 2020
    March 2020
    February 2020
    January 2020
    December 2019
    November 2019
    October 2019
    September 2019
    August 2019
    July 2019
    June 2019
    May 2019
    April 2019
    March 2019
    February 2019
    January 2019
    November 2018
    September 2018
    August 2018
    July 2018
    June 2018
    May 2018
    April 2018
    March 2018
    February 2018
    January 2018
    December 2017
    November 2017
    October 2017
    September 2017
    August 2017
    July 2017

    RSS Feed

​About

  • About us​
  • ICT Token
  • News​​
  • Testimonies
  • Terms of Service​​
  • ​​We on Google News​ 🤑
  • ​We in the media
  • ​Partners

Let's connect!

News Feeds

  • Blockchain News
  • Jobs Board 👨‍🎓
  • Bitcoin News
  • Ethereum News
  • Binance News
  • ​Tron News
  • Cardano News
  • EOS News
  • Tezos News
  • Stock Markets
  • COVID-19 News
  • Crypto News
  • Chainlink News
  • Litecoin News
  • Dash News
  • Monero News
  • ETC News
  • NEO News
  • Maker News
  • DeFi News
  • ZCash News
  • Algorand News
© 2017-2020 ICOCalendar.Today. All Rights Reserved.