XRP Performance

The price action of all cryptocurrencies within the previous few days has been dull but that of XRP has been particularly poor. Bitcoin moved from the highs established at $10.1k last week to $8,709 at press time while XRP has declined by 18 percent within the same time frame. XRP’s poor performance brings fear of deeper correction in the weeks ahead as a trader suggests the possibility of retesting the price area close to the lows established during the market…

When it comes to cryptocurrencies, Bitcoin is known for being the leading coin in terms of market capitalization and dominance. It is such that it is referred to as the benchmark cryptocurrency and market analysts use its performance to forecast the entire market direction. People in the cryptocurrency space hold different opinion regarding the performance of Bitcoin and altcoins. According to a trader and technical analyst known as TraderSZ, the performance of altcoins will be better than that of Bitcoin…

The XRP/USD Pair has been noticing some severe falls even below the $0.26 support zone. This price is currently dropping at a 10% rate, and it could lead to an extension below $0.24. Following the drop of price to below $0.27, sellers took over. That led to the start of a massive price drop, even hitting close to the $0.26 near the bearish area.  The price further broke the supports at the $0.25 value and the 100 hourly SMA. As…

Speaking at the LINC 2000 conference a week ago, Galaxy Digital's CEO Mike Novogratz stated that Bitcoin would outperform XRP by a wide margin this year. Novogratz took to Twitter to explain his bearish call on XRP in light of his conference's utterances. He registered his astonishment at XRP's and the overall altcoin market's performance so far in 2020. By the time of going to press, XRP and BTC  prices had appreciated by 43 and 36 percent, respectively. That said,…