Ripple Latest News – Top Headline for Ripple XRP, February 19th, 2020

  • McCaleb declares his XRP sell-off does not influence the crypto market
  • Ripple XRP price recovery facing major resistances

Ripple Latest Update – In a recent medium post from prominent blockchain observer Whale Alert, he reported that Stellar CTO Jed McCaleb sold off over 1 billion XRP between 2014 and 2019. The post also tried to check if McCaleb’s sale of XRP will influence the price of the digital asset. XRP News Now – Whale Alert stated that compared with other whole trade volumes daily, the amount McCaleb is selling seems trivial.

XRP (XRP) Price Today – XRP / USD

NamePrice24H %

XRP Twitter – Commenting on this, McCaleb stated in a recent interview that it is odd that people are concerned in his recent token trading, mentioning that other people have also sold much more than him. He went thus:

“I have been transparent from the beginning. The market has known for years that I have been selling my XRP at a slow, steady rate. My investment decisions are not based on any desire to negatively impact other companies in this industry. I think the history to date shows there is no impact on the market, and I don’t see any reason why that will change.”

Ripple XRP price recovery facing major resistances

Ripple Price Today USD – XRP price began an upside move above the $0.2850 resistance level against the U.S dollar. Though XRP price is still encountering major resistance close to $0.3000 and $0.3080. XRP price is currently correcting higher from the $0.2677 swing low against the U.S dollar. There is currently a major bearish trendline establishing with resistance close to $0.3000 on the hourly chart of the XRP/USD pair.

XRP price update – XRP price even surged above the $0.2950 resistance level. Notably, there is a major bearish trend line establishing with resistance close to $0.300 on the hourly chart of the XRP/USD pair. Above the trend line, there is a major resistance establishing close to the $0.3070 and $0.3080 levels. XRP News Now – Also, the 50% Fib retracement level of the major decline from the $0.3470 high to $0.2677 low is also close to the $0.3080 area. Hence, a positive close above the $0.3080 resistance level is required for a firm surge in the forthcoming sessions. If there is a clear close above $0.3080 and $0.3100, there are possibilities of another XRP price rally towards the $0.3200 and $0.3320 levels.

XRP price prediction 2020 – Also, there are possibilities of another failure close to $0.3000 resistance level and the 100 hourly Simple Moving Average. If this happens, the XRP price might continue to trade lower towards the $0.2850 and $0.2800 levels. The major support level for XRP is still close to the $0.2650 level, beneath which XRP price could commence a firm decline towards the $0.2500 support level in the near term.

XRP Price Forecast 2020 – Ripple XRP Price Forecast 2020 

XRP News Now -The MACD for XRP/USD pair is gradually moving into the bullish zone, while the RSI for XRP/USD pair is just well above the 50 levels, with a bearish sign. The major resistance levels are $0.3000, $0.3070 and $0.3080, while the major support levels are $0.2850, $0.2800 and $0.2650.

Max writes about blockchain projects and regulation with a special focus on United States and China. He joined Smarterum after years of writing for various media outlets.


Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.