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XRP might not stay above $0.27 for too long, price analysis for October 2019

Bitcoin

XRP is ranked at #3 above Bitcoin Cash in the market. The trading volume recorded stands at approximately $1.5158 billion, whereas the supply has 43,166,787,298 XRP coins in play as of this instant. The total market cap of XRP amounts to $11.965 billion for now. The price sunk marginally, at a rate of 0.12% in the course of the past 24-hours; this brought $XRP all the way down to $0.277192 where it presently rests.

According to the candlestick chart linked to the XRP/USD pair on tradingview [based on data obtained from the Bitfinex Exchange], sellers are refusing to fade away “gently into the night”. The daily RSI [for 14 periods] is at 57.85 after the line dipped slightly in the neutral zone. In the aftermath of 8th October, the peaks tied to the Awesome Oscillator headed north of the zero line, and their green shade points towards the existence of bullish momentum.

If buyers can afford to catch-up, a surge towards $0.3 may occur.

The Ichimoku Cloud is expected to drift away from the crimson shade and turn green on the 13th of October. Post-5th October, the MACD line has been gradually sailing atop the signal line, which brought about the emerald histogram.

The Bank of America has been hunting for a Treasury Product Manager to be closely associated with the Ripple project. The one who wins this position will be in charge of the product management team. His or her responsibilities shall include driving product strategy and growth i.e. constructing a strategic roadmap, encourage training programs, representing the bank at various forums, etc.

Disclaimer - OBN is an informational website which aims to give the latest blockchain related news to the readers. Articles on OBN should not be considered as investment advice. Trading cryptocurrencies is a high-risk investment, every user is advised to consult an expert before making any decisions.