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Ripple XRP/USD Price Prediction, Technical Analysis – May 14th

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Ripple XRP Price Prediction and Technical Analysis
  • Ripple XRP/USD today surges more than 22% after Germany’s 2nd Largest Stock Exchange Börse Stuttgart lists exchange-traded notes (ETNs).
  • XRP and Litecoin are the two cryptocurrencies listed on Börse Stuttgart.
  • XRP is currently valued at $0.39240 USD.

Ripple’s XRP today surges more than 22% soon after Börse Stuttgart listed ETNs for XRP and Litecoin. As reported by Koinalert yesterday that Börse Stuttgart which is Germany’s 2nd largest stock market exchange lists XRP and LTC based ETNs.

Moreover, XRP is one of the altcoins which was in the trap of bear from last many days. It was trading around $0.30 – $0.31 from a long time before making this move. Ripple XRP/USD is currently valued at $0.39240 USD and the price is up by 22.83% from the last 24 hours. All the price details are from CoinMarketCap.

Related Post:-

Börse Stuttgart releases ETNs

Börse Stuttgart which is the 2nd largest stock market exchange of Germany and the 9th largest in Europe. According to a press release this stock exchange has listed two crypto exchange-traded notes (ETNs).

Ripple’s XRP and Litecoin (LTC) are the two cryptocurrencies that are listed on Börse Stuttgart. After this news, XRP surges by more than 22% and Litecoin by 7%.

Ripple XRP/USD Price Analysis

Ripple XRP/USD is now in a massive bullish move after a long time. This breakout seems to continue and XRP price might cross $0.40 mark by the end of the day.

Ripple XRP Price Analysis 14th May 2019
Ripple XRP/USD Price Chart by TradingView

XRP/USD today broke the daily EMA (200) and SMA (200) price levels. After looking at the XRP price chart it seems that almost all the moving averages are in the strong buying zone.

MACD Level (12, 26) for XRP on daily basis is 0.00312 which is indicating a buy signal.

Stochastic RSI Fast (3, 3, 14, 14) is in the neutral zone as it is between the buying and selling pressure zone.

However, the Relative Strength Index (14) is in the sell pressure zone for both daily and hourly price chart.

Conclusion

The next target level for XRP/USD is $0.41709 which will be achieved in a few days. The lower support levels are $0.3230 and $0.3010 in case of massive decline.

This article should not be considered as investment advice. Please conduct your own research before investing in any cryptocurrency.

Disclaimer: Koinalert’s content is only for information purpose in nature and should not be considered as investment advice. Do your own market research before investing in any cryptocurrencies. The author or publication does not hold any responsibility for your personal financial loss.

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Ashish is a cryptocurrency journalist who has been passionately involved in the bitcoin space since 2016. His interests lie in bitcoin security, open-source systems, network effects and the intersection between economics and cryptography.