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Ripple XRP/USD Price Surges Instantly, Will Recover Soon



Ripple XRP/USD Price Surges Instantly, Will Recover Soon
Source: Ripple

Today the price of Ripple XRP surges instantly from $0.44 to $0.47. At the time of writing this post, the price of XRP/USD is $0.4745  as per the data from Binance crypto exchange.

XRP started this week with a bearish move and the trend continue for 2 days of the week. But now it seems that bull is taking over the bear slowly. But XRP is still below the daily EMA (200) which is 0.50230.

When we look at the overall moving averages it is predicting towards a massive buy zone. But the Oscillators are still in the oversold zone. The MACD Level (12, 27) is 0.00298 and is recommending selling.

Ripple price prediction and technical analysis 24th October 2018

Price chart from Binance

As per the data from Binance crypto exchange, the price of XRP/USD yesterday was $0.444 USD. Soon after a few hours the bull takes its turn on the bear and gained almost $0.03

When we look at the hourly price forecast the Ripple today is a good fit for intraday trading. XRP is in a massive buy zone as the Moving averages and Oscillators are recommending to buying.

Ripple Latest News

As you know that Money 20/20 summit is going on at Las Vegas and today is the last day of the summit. This year’s Money 20/20 conference will witness executive speaking from popular blockchain companies such as the Ripple Foundation and Uphold Inc.

Moreover, 8 renowned cryptocurrencies are on the platform including Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC) and Ripple (XRP).

Also, Ripple announced their selection in the list created by the data analysis company. The company tweeted from their official handle about this. They stated: “We’re honored to be part of @CBInsights’ #Fintech250 list again this year. ”

Ripple wants to create a global platform to exchange money between financial institutions to small and medium-sized enterprises. Ripple has been pretty bold about their motive of building an Internet of Value. Furthermore, it was the hot topic of the annual conference, Swell by Rippe 2018, held at San Fransisco.

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.

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.