Welcome to our TA-Tuesday and to our dewy Ripple rate analysis. Today, we’ll look at where the XRP price stands in relation to Bitcoin, and what can we expect in the next few days of the “crypto-currency in the banks”. The XRP price once again travel? The answer to that you can find out here!Please note: None of this articles listed is to Formulate in any way the trading recommendations. This and the following article are solely for the exchange of information with our readership. Neither crypto Monday nor the author of this text shall be liable for any loss incurred as a result of the trading decisions of our readers. DYOR!You are trading on the world’s leading Social Trading Platform, you join the millions of people who have already discovered how it smarter to invest by copying the best investors in our Community, or be copied and as a result, a second income can be achieved. Start now!
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The Ripple exchange rate continues to be in the game?
The XRP price has to lose, as expected, a little ground after he collides with the 200 MA line on the daily Chart. In our last Ripple rate analysis, we have predicted already:
Also in its price performance relative to Bitcoin is the XRP exchange rate of the local 200 MA line (red) in its incredible rally to the test. Perhaps this will buy the 50 MA line (green) the time necessary to do something to catch up.
With a view on the current daily Chart between XRP and Bitcoin, we see that to be true in this scenario.XRP/BTC day ChartFür the XRP price, the fact is positive, that is the 50 MA line (green) could slow the price decline and, therefore, as the support line has been established.However, the fight at this point is not yet decided, because the XRP course must pass the 200 MA line (red) to its upward trend against Bitcoin to continue.Most likely, it is in the truest sense of the word closely for the XRP price, as we can expect in the next few days so that the course is squeezed between the two trend lines increasingly together.With a glance at the weekly Chart, we see that the XRP exchange rate is still in its upward trend, but Momentum has clearly been lost.XRP/BTC weekly Chart
Will be able to take the XRP rate of Momentum again?
At this point, of course, is to analyze what has led to this setback for the XRP exchange rate against Bitcoin. Here is the Bitcoin exchange rate Pump perform, the has released so pretty much all of the Altcoins on the track is of course quite clear.The only exception to the prices of Altcoins that have a Chinese Background, and thanks to the praise-hymn of China’s President, Xi Jinping, in the last days of incredible yields could draw on here. An example of this is the NEO price.For the Bitcoin price, it would be difficult to get his Momentum of the last few days. This could give the XRP price the necessary time to make compared to Bitcoin again ground well and its upward trend to continue.Should it succeed, the XRP price to the 200 MA line on the daily Chart behind, he would have up to 50 MA line to grow on the weekly Chart a lot of space. These moves currently 5.685 Sats, while the XRP exchange rate stands at 3.250 Sats.On the opposite side has been shown, however, that the XRP price can’t compete with a sharp rise in Bitcoin exchange rate at the moment. The prophecy of the time should arrive traveller again, and the Bitcoin exchange rate reached this month, the 16,000 -$, then this would have a turn of a trend at the expense of XRP result. This scenario is likely to be very unlikely.Where is the Ripple price, in your opinion, be? To put profit in your trading of the Flexbility of rising and falling prices and sign up without obligation on eToro, the world’s number 1 in the area of Social trading.75 % of private CFD accounts lose money. No EU investor protection.The Ripple rate is currently a horse to you? He is one of your favorites or it’s you against the course, rather critical? Come in to our Telegram Chat and talk with the experts and the Community. Subscribe to our News channel to not miss any News. (Image Source: Shutterstock Trading View)