The token XRP has earned in the past 24 hours, a +5,01% in its price, the quote to $0,274 against the u.s. dollar. The breakdown of the bridge at levels of $0,26 was critical for the bullish rally of the token XRP in the last two days. The total market capitalization of the market has increased a +1,26% in the last 24 hours, while decreasing the domain of Bitcoin to 68.0 percent . The pair XRP/USD has experienced in the last 24 hours a lot of growth at the break with a strong candle green levels of key resistance that were around the 38.2% in the retracement, located @ $0,265, which now goes to the form their key support after the bridge formed in the red flag between $0,254 – $0,264 has broken out of ascending with such success as we can see in the chart of 1H in Binance for the pair XRPUSD. Graphical analysis 1 hour Token XRP Now the token XRP after exceeding the estimates of many analysts when shooting with a strong bull candle levels of $0,275 as immediate resistance to break, located in the levels of bullish Fibonacci 61.8 per cent, projected a major growth in their prices in the next few hours to double-digit if you manage to keep the expansion up to now, which could lead to reach values of Fibonacci to 78.6% ($0,282). Your scenario is more sceptical we would return the value of the token XRP levels of key support located in the flashbacks of the 50% and 38.2 per cent, to $0.27 and $0,264 respectively. To corroborate the sustainability of the growth in the value of XRP, we look at the technical indicators for the time frame selected 1H in the same graph for the pair XRPUSD. Analysis of technical indicators on the graph of 1-hour XRP The result is quite encouraging in regards to and Bollinger bands. The token XRP has managed to visibly break the upper band and his key support rests at the moving average of BB @ $0,263, just in the middle point of the bridge formed. Currently the indicator is bullish and predicts a higher volatility in the price, increasing the distance between the bands top and bottom, a symptom of the increased volatility in the price of XRP. Aroon is bullish, with its signal orange, on the highest part of the graph and its counterpart at the bottom of the same. The buying pressure is quite high at the moment for the couple XRPUSD, due to an unbridled pursuit of many investors to acquire the token during the rally today. The levels of RSI close to 80, we say that we are at overbought levels and a bullish short-term. The token has experienced a growth just after information coming from the Conference Global Blockchain that takes place in Paris, have given us a glimpse of informally that Ripple, the company behind the token XRP, will establish an alliance with the giant exchange crypto of north America Coinbase, for the use of their technology xRapid for cross-border payments. The statement was given by the Global Head of Ripple, Breanne Madigan when he spoke of the technology xRapid in a panel on financial regulation digital, using Coinbase as an example of the company that could give value and use to your technology solutions of cross-border payment. The following two tabs change content below. Engineer and passionate about technology, Blockchain and the Bitcoin since 2009.
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