The United States – The XRP price showed lots of positive indicators over the support level of $0.1840, which is over the USD. The weekly high price is close to the price level of $0.1935, wherein it’s presently altering.
Another bullish trend was forming with the $0.1850-supprot level, and it’s coming from the XRP/USD’s hourly chart. The data came from Kraken. It might begin an increase once it’s over the levels $0.1850 and $0.1840.
Bitcasino, the top Bitcoin casino, finally supports Ripple’s XRP, the third-biggest crypto-asset. It’s letting the players utilize and bet with XRP.
XRP might be one of the worst-performing digital assets, yet a crypto trader foresees that the bearish trend will inverse.
While the crypto trader stays positive over XRP’s future, some investors think it’s too soon to be positive on the performance of XRP. Another trader feels that it might go under $0.08 to $0.09 in the mid-part of the year.
Ripple’s XRP Prepares for a New Higher Price Beyond $0.19
Ripple reconvened over the price levels of $0.1900 and $0.1910 in contrast with the United States or the US dollar. The XRP price is presently altering increases. However, it’s probably to increase again over the $0.1900-price.
Ripple began a new rally succeeding the performance of Bitcoin and Ethereum after exchanging to another weekly low, which is at $0.1740. The XRP price gushed over the resistance levels of $0.1800 and $0.1850 to go back to a desirable area.
The XRP price rallied over the resistance area of $0.1900, wherein it settled over the simple moving average or SMA of 100-hourly. It exchanged to another weekly high price that’s close to $0.1935. Presently, it’s altering lower because there was a halt under the price level of $0.1900.
There was a stop under the Fib retracement level of 23.6%, which is from the high price of $0.1740 to $0.1935 high. It’s approaching a significant $0.1850-support level, with an SMA of 100-hourly.
There’s a bullish line establishing with the $0.1850-support level with the XRP/USD. The succeeding significant support zone is at the level of $0.1840.
The Fib retracement level of 50%, which is from the low price of $0.1740 to a high amount of $0.1935 is close to the price level of $0.1840 as well to function as a bullish support area. Hence, the XRP price is probable to jump back over the $0.1900-price while it’s exchanging at the support level of $0.1840.
There would be probabilities of further losses if Ripple didn’t succeed to remain over the significant support areas of $0.1840 and $0.1840.
More losses under the price of $0.1810 might lead the XRP price to the low price of $0.1740. The present performance is optimistic. Furthermore, the price may increase unless it halts the support level of $0.1840.
Bitcasino Declares Support for XRP for Cheaper Fees
The first approved Bitcoin-controlled casino operator of the world, Bitcasino, finally accepts Ripple’s XRP payments. It makes XRP the next digital asset to enjoy the extensive range of casino games.
Bitcasino started in the year 2014, wherein it’s a portion of the Coingaming Group. It provides quality and expansive casino products, including 2,000 games such as table games, live dealer games, and slots. These casino games come from their private projects, which software engineers and designers develop.
Despite its initial utilization in for banking division, Bitcasino found several gains in utilizing XRO in gaming. It provides cheaper charges and fast dealings. Moreover, it’s an excellent match for Bitcasino’s fair and fast world because of its scalable system.
Tauri Tiitsaar, Bitcasino’s director, shared how proud the company was to utilize the three frequently used digital assets. She stated that XRP sits on the third position from the list of best cryptocurrencies by market capitalization after Etherum and Bitcoin. Moreover, she unveiled that it’s what players requested to the management, as well.
The minimum deposit amounts to 50 XRP, while the minimum withdrawal is 100 XRP. The present exchanging prices without any transaction charges are at a minimum deposit-amount of 9 euros.
Ripple’s XRP is the fifth digital asset presented to players in Bitcasino, succeeding TRON’s TRX on November 2019, Ethereum (ETH), Litecoin, and the world’s famous crypto-asset, which is Bitcoin (BTC).
Bitcasino also launched the TronLink browser extension last month. This platform will let casino players access TRX blockchain on browsers to withdraw and deposit funds quickly and safely.
XRP Shows Another Optimistic Indicator – Reclaiming a Multi-Year Action
Ripple’s XRP is part of the worst-performing digital currencies for 2020, making it challenging to stay bullish. There was previous volatility that affected the price action of XRP, regardless of being third-biggest crypto-asset by market capitalization. It underperformed Litecoin, Stellar, Bitcoin Cash, Monero, and other digital assets in quarter-one, as per Messari.
On the bright side, a famous cryptocurrency trader stated that the bearish performance is probable to inverse in the future.
As per Credible Crypto, a Youtuber and asset trader, the previous retrieval rally in the digital asset market let the long-term chart of XRP to display a favourable indicator.
The trader shared an April 16th-chart, wherein it’s showing that Ripple’s XRP assertively reclaimed a trend line. It managed to move out of the downtrend from the rejected ATH or all-time high price.
XRP was able to establish a breakthrough according to Credible Crypto, and it’s an indicator that the lowermost is. The trader also added that he’s confident on the forecast. Furthermore, he said that he looks forward to the upside of the performance of this digital asset in the coming months.
The technical analysis remark of Credible Crypto occurred after he commented that XRP is in the middle of printing a diamond pattern.
As per NewsBTC, the chart outlined the study wherein it states that if the diamond pattern plays out, Bitcoin and XRP will have a 100%-rally.
Credible Crypto added that it might take a while for the diamond pattern to pan out.
On the other hand, others think that it’s too early for XRP depositors to stay bullish and hope further.
NewsBTC, the trader who stated that the XRP price might reach a cost of $0.13, said that it remains in the middle of an “Elliot Wave” alteration. As per the forecast, XRP might drop to $0.08 to $0.09, and it will continue to boost down to $0.05 to $0.06 to make a constant patter.
There’s a gush from a prominent digital asset technician stating that Ripple’s XRP Is “macro bearish” He said that the chart expresses the point, wherein it’s emphasizing the double rebuff at significant horizontal support zones. He also stated that it enters a zone where there’s slight bygone liquidity.
The traded stated that it’s one of the creepiest charts he witnessed. Moreover, he said that he doesn’t desire to hold it.