#Ripple Price Analysis: XRP/USD Remains Buy on Dips Near $0.4450

October 27, 2018

 

Ripple price recently tested the $0.4600 resistance where sellers emerged against the US dollar.
There is a connecting bullish trend line forming with support near $0.4500 on the hourly chart of the XRP/USD pair. The pair may perhaps continue to find buyers near the $0.4500 and $0.4450 levels in the near term. Ripple price is trading in a positive zone against the US Dollar and Bitcoin. XRP/USD remains buy on dips near the $0.4450 and $0.4400 support levels. After trading as low as $0.4478 recently, ripple price started an upside correction against the US Dollar. The XRP/USD pair moved above the $0.4500 and $0.4550 resistance levels. There was a decent break above the 23.6% Fib retracement level of the recent decline from the $0.4740 high to $0.4478 low. However, the price failed to break the key resistance area near $0.4600.

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About Ripple's (XRP): Built for enterprise use, XRP offers banks and payment providers a reliable, on-demand option to source liquidity for cross-border payments. Using XRP, banks can source liquidity on demand in real time without having to pre-fund nostro accounts. Payment Providers use XRP to expand reach into new markets, lower foreign exchange costs and provide faster payment settlement. XRP consistently handles 1,500 transactions per second, 24x7, and can scale to handle the same throughput as Visa. XRP's five-year track record of stable technology and governance makes it ready for institutional and enterprise use.

 

Ripple’s (XRP) can be bought with fiat dollars, debit and credit cards on cryptocurrency exchanges such as CEX.io and Changelly.com  and it can be bought with cryptocurrency on exchanges such as CoinExBinance, and HitBTC.

Ripple's (XRP) is the 3rd largest cryptocurrency by market cap size. Its market cap is currently $18,501,309,222 and it has a circulating supply of 40,205,513,967 XRP. It's down 0.22% over the past 24 hours and is currently trading at $0.460168

 

Click here to buy and sell Ripple at up to 50x leverage

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