Bitcoin Evangelist Calls to Boycott Edward Snowden’s Book

7m
newsbtc

Ethereum Price Analysis: ETH Flexing Muscles But Can It Rise to $240 Over the Weekend?

11m
coingape

Craig Wright and Kleiman Estate hoping to resolve the biggest Bitcoin battle

13m
bitcoinwarrior

CME Group To Offer “Options” On Bitcoin Futures in Early 2020

13m
coingape

Roku Stock Spirals Further Despite New 4K HDR Device Upgrades –…

33m
cryptonewmedia

Bitcoin ATM Installations Up 500% Since 2016

34m
cryptonewmedia

DeversiFi (previously Ethfinex) restructures exchange governance token

35m
cryptonewmedia

XRP Securities Lawsuit Dismissed By Ripple

37m
cryptodaily

XRP Securities Lawsuit Dismissed By Ripple

37m
cryptonewmedia

CME Group Aiming to Launch Options on Its Bitcoin Futures Contracts In Q1 2020

37m
cryptoglobe

Coinbase Lists Dash, Considers Adding Even More Digital Assets

37m
beincrypto

TRON CEO Invites USDT Users to Migrate to Tron from Ethereum; Gets Trolled Heavily

43m
coingape

CME Group Is Launching Bitcoin Options Early in 2020

1h
coindesk

Bitwise Tells SEC: ‘Bitcoin Now a Regulated Market of Significant Size’

1h
cointelegraph

Central Banker: CBDC Flexible Tool for Zero-Interest Rate World

1h
bitcoinnews

Bitcoin prepares for high volatility in the vicinity of Bakkt’s futures contracts launch

1h
cryptoslate

Verizon Just Won a Patent to Create Virtual SIMs on a Blockchain

1h
coindesk

Bitcoin (BTC) Outlook Remains Bleak While Altcoins Continue To Rally

1h
cryptodaily

Bitcoin Giant Grayscale Caught Spreading Rumors about Fiat

1h
newsbtc

Could BTC/USD Dive Under $10,000 Be A Necessary Evil? |

1h
cryptonewmedia

Bitcoin Price Back Above $10k, Targets New ATH Amid Bakkt Monday…

1h
cryptonewmedia

IMF Contemplates the Risks and Rewards of Stablecoins

1h
cryptonewmedia

Marco Polo and Bank of America will work on efficient trading that employs blockchain

1h
bitcoinwarrior

South Korea’s CJ Corp Taps Amazon’s Blockchain for Music Copyrights

1h
cointelegraph

Fundstrat’s Thomas Lee “Very Positive” About Bakkt’s Impact; 3 Days to Launch!

2h
coingape


Analyst: XRP Has One Of The Most Bullish Charts In The Market

XRP seems to have one of the most bullish charts in the cryptocurrency market. This is according to the technical cryptocurrency analyst MagicPoopCannon. In a recent post uploaded on TradingView, he said that “XRP is in one of the largest uptrend channels known to man.”

During the last year, most of the virtual currencies have been in a bear market. Their price skyrocketed early in 2018 or at the end of 2017 and then it started to fall throughout the year. Although Bitcoin (BTC) was able to recover part of the price that it lost, many other digital currencies were not able to do so.

XRP is one of these virtual currencies that remained operating stable close to its support level of $0.3. As reported by MagicPoopCannon in a technical post made a few days ago, there have been several individuals bashing the XRP chart not for being traded as Bitcoin or other altcoins. Nevertheless, he said that back in 2017 XRP was the best performing crypto asset in the market.

In addition to it, he said that XRP is clearly in a massive uptrend channel and this makes of it one of the most bullish technical charts he has ever seen.

About XRP and its current trend, the analyst commented:

“So, without a doubt, XRP is in one of the largest uptrend channels known to man. Now, whether or not this channel will continue to hold, is anyone’s guess.”

He went on saying that XRP is “most likely at a major discount right now” and that the virtual currency is expected to hold the bottom of the uptrend channel and start to move higher in the near future. Nevertheless, he admitted that although the price could suddenly skyrocket from these levels, it could also break the channel and collapse.

“Until I see a confirmed breakdown of this uptrend channel, I believe that the most likely technical direction from here is to the upside,” he commented. “If XRP holds this channel, the XRP bear market has just ended.”

According to CoinMarketCap, XRP is the third-largest cryptocurrency in the market. The digital currency has a market capitalization of $11.57 billion and a price per coin of $0.27. In the last 24 hours, XRP fell 0.7% as most of the virtual currencies among the top 10.

For over two years, UseTheBitcoin has done the research, covered the news, and helped readers find the best blockchain projects. The one thing we keep coming back to is Binance.

Binance has set itself apart as the best trading platform for beginners and experienced traders, and gives you hundreds of coins to invest in. Start trading today on Binance!

Regarding any copyrights issue, please contact us:content@hashbee.com.

0 comments