According to the candlestick chart connected to the XRP/USD pair on tradingview [based on data obtained from the Bitfinex Exchange], this altcoin’s performance is being impacted by buyers although XRP hasn’t been able to break past consolidation yet. The daily RSI [for 14 periods] is at 54.11, which indicates that this digital currency is advancing through the neutral zone.
From 31st October onwards, the MACD line dropped beneath the signal line, thereby causing the histogram to switch sides and change color [from green to red]. This points to the growing influence of bearish pressure. Post-29th October, the peaks tied to the Awesome Oscillator were established atop the zero line, although their brown shade cannot be construed as good news for bulls.
Initial support can be found near the $0.26727 mark, and barriers may play a role if the price heads towards $0.31533.
XRP is ranked at #3 ahead of Bitcoin Cash and Tether for now. The trading volume recorded stands at roughly $1.51 billion, while the supply has 43,248,091,671 XRP coins in play as part of circulation. The total market cap of XRP amounts to $12.731 billion. The price shot up at a rate of 0.2% in the course of the past 24-hours; this helped $XRP soar all the way up to the $0.294382 mark where it currently rests.
ICYMI – in today’s @MoneyGram earnings call, CEO @walexholmes announced plans to expand use of Ripple’s on-demand liquidity to new corridors before EOY. “Our partnership with Ripple will be a competitive differentiator in the months and years ahead”
— Asheesh Birla (@ashgoblue) November 1, 2019
Asheesh is the Senior VP of Product at Ripple. He has been part of the cryptosphere for the past 6 years. MoneyGram shall be using RippleNet’s signature solution i.e. xRapid so as to benefit thousands within Mexico for carrying out cross-border transfers. Alex Holmes holds the opinion that the bond between Ripple and MoneyGram shall grow stronger with every passing year.