- Ripple XRP News Analysis – XRP Lack Of Bullish Momentum
- Ripple XRP Price is Correcting Higher
XRP News Now – Amidst the lockdown and remote working, Ripple signed a new partnership. The San-Francisco firm recently announced its partnership with Thai-based Fintech Company DeeMoney. XRP News Now – The incorporation is aimed at increasing the adoption of Ripple’s native token (XRP). With the partnership, DeeMoney is bringing its one million users onboard. Ripple shared the news on its Twitter page. The official statement from DeeMoney reads thus:
“We are excited to partner with Ripple as, together; we aim to democratize finance in Thailand by bringing a new level of efficiency and accessibility for cross-border transactions to and from the nation.”
XRP News Analysis – XRP Lacks Bullish Momentum
XRP Price Prediction 2020 – XRP price is up above 10% and it broke the $0.1550 resistance level against the U.S dollar. Although the price lacks impetus and it is indicting a new decline in the near term. The coin is up over 10% and it tested the $0.1720 resistance level against the U.S dollar. XRP Prediction 2020 – It is currently indicating a few bearish momentum and training beneath the 0.1650 level. There is a major bullish trend line establishing with support close to $0.1570 on the hourly chart of the XRP/USD pair. XRP News Now – XRP price might retest the $0.1580 and $0.1550 support levels in the near term.
XRP News Now – In the previous trading session, XRP gained momentum above the $0.1400 and $0.1450 resistance level. The price of the token increased above the $0.1500 resistance level to move into a short term bullish zone. XRP Prediction 2020 – moreover, there was an abrupt move above the $0.1650 resistance and the price remained above the 100 hourly simple moving average. A fresh weekly high was established close to the $0.1720 resistance level. XRP Price Prediction 2020 – XRP is now correcting lower and trading beneath the $0.1650 level. There was a break beneath the 23.6% Fib retracement level of the recent surge from $0.1407 low to $0.1734 high.
XRP (XRP) Price Today – XRP / USD
XRP Prediction 2020 – On the downside, early support is close to the $0.1600 level. The first key support is close to the $0.1580 level. There is also a major bullish trend line establishing with support close to the $0.1570 on the hourly chart of the XRP/USD pair. XRP News Now – The trend line support is near the 50% Fib retracement level of the new surge from the $0.1407 low to $0.1734 high. XRP News Now – Hence, declines towards the $0.1600 and $0.1580 support levels might find a moderate selling pressure.