According to the candlestick chart linked to the XRP/USD pair on tradingview [based on data obtained from the Bitfinex Exchange], sellers are trying to push the price of this digital asset down as of now. The daily RSI [for 14 periods] sits at 59.67, which indicates that the currency is adjacent to the overbought territory. The MACD line has ventured closer to the signal line in the aftermath of 14th October.
Post-13th October, the peaks tied to the Awesome Oscillator have all possessed the green shade. In fact, the peaks [above the zero line] have risen in size, pointing towards the growth of bullish momentum. Initial support can be found near the $0.26574 level, and resistance may be felt if $XRP can afford to surge to reach the $0.3273 mark.
An article on Coil by Vanessa Pestritto states that Xpring has decided to invest in Towo Labs. This organization is in charge of developing open-source software for supporting XRP on hardware wallets. From henceforth, consumers shall be able to all transaction types that take place on the signature ledger, thereby solving the problem tied to usability.
Towo Labs had previously unleashed the XRP Toolkit which is expected to be upgraded so as to include effective hardware support and more transaction types. Another partnership was announced not too long ago. Take a look ladies and gentlemen:
Excited to announce @Ripple’s investment in Bitso! Our partnership goes back to 2014, and we’re honored to support their next stage of growth as they expand in LatAM. https://t.co/yMegd3GYoE
— Asheesh Birla (@ashgoblue) October 14, 2019
XRP is ranked at #3 ahead of Tether as well as Bitcoin Cash in the market. The price declined at a rate of 0.64% in the course of the past 24-hours; this led to XRP descending negligibly which brought it all the way down $0.289946. The trading volume recorded stands at approximately $1.565 billion, while the supply houses 43,166,787,298 XRP coins involved as part of the circulation. The total market cap of XRP amounts to $12.513 billion.
About Post Author
Aditya Chatterjee
A specialist in comics and cryptocurrencies with an inclination towards DASH and Cardano. I have an innate desire to be a seasoned trader in the near future. Analyzing candlestick charts is a personal hobby.
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