Ripple Latest Update – Top Headline For Ripple XRP, February 20th, 2020

  • Standard Chartered Hires Ex-Senior Vice President of Business and Development at Ripple
  • XRP price indicating bearish momentum, the $0.25 holds the key

Ripple News Update – Kahina Van Dyke, the ex VP at Ripple recently took on the role of Global Head, Digital Channels and Client Data Analytics at Standard Chartered. Going by the press release by Standard Chartered, Van Dyke was added to the bank’s Corporate, Commercial and Institutional Banking (CCIB) division. Simon Cooper, the CCIB chief executive reported that he expects Van Dyke to take on Standard Chartered’s “data analytics and channel capabilities to the next level.”

Ripple News Today – According to reports on the company’s website, Standard Chartered Bank has an annual revenue of $14.4 billion and 85,000 staff. The press release did not state if Standard Chartered plans to utilize the blockchain-related knowledge Van Dyke has while working at Ripple. Yet it did not come as a surprise that Standard Chartered has displayed a keen interest in the world of technology in the past.

XRP price indicating bearish momentum, the $0.25 holds the key

XRP Price Prediction 2020 – XRP price failed to clear the major $0.3080 resistance level and declined abruptly against the U.S dollar. XRP price is currently down by 5%, but there are numerous major support levels on the downside. There was a break beneath the major ascending channel with support close to $0.2920 on the hourly chart of the XRP/USD pair. XRP daily – XRP price might find a firm buying pressure close to $0.2680 or $0.2500.

XRP (XRP) Price Today – XRP / USD

#NamePrice24H %
3
ripple
XRP(XRP)
$0.176
1.23%

XRP Prediction 2020 – XRP price encountered a decent recovery above $0.2800 resistance. XRP price surged above the $0.2950 resistance level and the 100 hourly simple moving average. XRP daily – also, there was a break above the 23.6% Fib retracement level of the downward move from the $0.3470 high to $0.2675 swing low. Moreover, the upward move was crowned by the major resistance levels at $0.3070 and $0.3080.

XRP Price Prediction 2020 – also, the 50% Fib retracement level of the downward move from the $0.3470 high to $0.2675 swing low served as a major resistance for the XRP bulls. Hence, XRP price commenced a major decline beneath the $0.2900 support level. XRP daily – During the price decline, there was a break beneath a major ascending line with support close to $0.2920 on the hourly chart of the XRP/USD pair. It paved ways for further losses beneath the $0.2850 support level and the 100 hourly simple moving average.

Ripple Price Prediction 2020 – Ripple XRP Price Prediction 2020

XRP prediction 2020 – the MACD for XRP/USD pair is gradually moving into a bearish zone, while the RSI for XRP/USD is currently well beneath the 50 levels, with a few signs of a price recovery. XRP ticker – the major resistance levels are $0.2880, $0.2900 and $0.3000, while the major support levels are $0.2700, $0.2680 and $0.2500.

Ufuoma Ogono is a cryptocurrency writer with over 3 years experience in the cryptocurrency industry. She dedicates her time to sharing valuable information to members of the cryptocurrency community.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

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