In accordance with the candlestick chart linked to the XRP/USD pair on tradingview [based on observations drawn from the Bitfinex Exchange], one can determine that this digital currency is under the influence of buyers. Consolidation was noted over the past week; the daily RSI [for 14 periods] is at 57.93 which signifies that XRP has been advancing deep within the neutral zone.
In the aftermath of 27th October, the peaks tied to the Awesome Oscillator were created atop the zero line, the color associated with these peaks was green. This points towards the rise in bullish momentum which helped XRP break past $0.26 and soar high. The MACD line trying hard to drift away from the signal line; so far, the histogram is barely visible.
Key support lies near $0.25078, and resistance may play a role if XRP can afford to surge towards $0.3158.
The Fintech Beat is a popular podcast. Recently, Chris Brummer [aka the Host] interviewed Brad Garlinghouse who is the current CEO of Ripple. Brad was once again asked to explain Ripple’s ownership of XRP coins; to which he responded by saying that the organization wishes to promote “vibrancy” within the community. Just like David Schwartz, Mr. Garlinghouse holds the opinion that XRP is part of a massive decentralized network.
Brad also spoke about LIBRA and regulatory upheaval, as well as the newly-established CBDC.
Ladies and Gentlemen, check out the entire podcast episode.
XRP is ranked at #3 to the north of Bitcoin Cash and Tether in the market. The trading volume recorded stands at approximately $2.143 billion, while the supply has 43,248,091,671 XRP coins in play as of this very moment. The total market cap of XRP is $12.982 billion for now. The price was affected by a slight climb amounting to 0.87% which was felt in the course of the past 24-hours; which, helped XRP rebound and head all the way up to the $0.300193 where it presently holds.