Connect with us

Coinpedia

Analyst Hints XRP Might Fall Out of the Top 10 Crypto Assets! XRP Price

XRP price dropped 5.46%, marking it as the 3rd straight day of the bearish trend. Ripple was the worst performer…

Published

on

XRP Price Trumble Following Delisting on Major Exchanges

Without a doubt, the focus of this week’s has been the drama centered around Ripple. The asset slipped to 4th place in the global cryptocurrency market rating with the current market capitalization of $13.2 billion and an average daily trading volume of $9.5 billion.

Since last week, Ripple was the worst performer out of the Top 10 Cryptocurrencies. XRP price dropped 5.46%, marking it as the 3rd straight day of the bearish trend.

The correction came alongside a change in volume that was down 8.95% from the previous day, but up 72.72% from the Sunday of last week.

Also Read : Bitcoin Going Parabolic This Christmas!! Will it Touch $30K by New Year

At Press time XRP price is trading at $0.279981 with a 24-hour trading volume of $8,903,171,174. XRP is down 5.60% in the last 24 hours. The current CoinMarketCap ranking is #4, with a market cap of $12,712,258,472 USD.

Will XRP Fall Out of the Top 10 Crypto Assets ?

1/3
4. $XRP will get delisted from Coinbase (ahead of its IPO) and will fall out of the Top 10

5. $GRT will be a Top 30 Coin in 2021

6. A Bitcoin ETF will finally get approved in 2021

— SpartanBlack (@SpartanBlack_1) December 28, 2020

Popular Crypto enthusiast and partner at TheSpartanGroup with twitter handle @SpartanBlack_1 shared a thread of 10 crypto predictions for 2021.

According to him,

$XRP will get delisted from Coinbase (ahead of its IPO) and will fall out of the Top 10.

Chicago-based Jump Trading , Mike Novogratz’s Galaxy Digital and Bitstamp Respond to Ripple Lawsuit

In light of the SEC’s recent filing alleging XRP is a security, we are going to halt XRP trading and deposits for all US customers on January 8, 2021. Other countries are not affected. Read more: https://t.co/RUGtkAjr08

— Bitstamp (@Bitstamp) December 25, 2020

Recently, Bitstamp exchange also introduced limitations on XRP trading. As per the exchange, the US-based customers will not be allowed to trade or deposit XRP as of January 2021. The Bistamp’s decision halted XRP’s upside correction and threw the price back below $0.30.

Also, Jump Trading will no longer provide liquidity for XRP. Which could result a big blow to XRP. Without sufficient liquidity, spreads could increase. Large investors may find it difficult to enter and exit large positions.

As coinpedia reported earlier, several cryptocurrency exchanges delisted or suspended XRP trading, citing concerns about Ripple’s legal issues. however, if the court decides that XRP is a security, the trading platforms may be accused of making it available for retail investors.

Overall, Considering all the factors, it seems that the three main reasons for the sharp decline in the price of XRP: SEC lawsuit, bearish sentiment, and probable delisting by cryptocurrency exchanges.

At Press time XRP price is trading at $0.279981 with a 24-hour trading volume of $8,903,171,174. XRP is down 5.60% in the last 24 hours. The current CoinMarketCap ranking is #4, with a market cap of $12,712,258,472 USD.

Source: https://coinpedia.org/news/xrp-fall-out-of-the-top-10-crypto/

analyst-hints-xrp-might-fall-out-of-the-top-10-crypto-assets!-xrp-price

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Coinpedia

Shiba Inu Price Plunge Hard! Should You Buy the Ongoing Dip?

Shiba Inu Price needs to climb back above $0.000007. If SHIB Price is able to break through this resistance, it will go on to the…

Published

on

Despite a recent drop in cryptocurrencies, Shiba Inu coin the meme-based cryptocurrency that has been dubbed a “Dogecoin killer” has not vanished. However, there are still certain roadblocks in the way of Shib Inu.

Many people believe that the SHIB coin’s rise is solely due to the community. However, there are other circumstances that may assist the cryptocurrency in gaining traction.

Shiba Inu will be getting a new dedicated exchange in the near future. ShibaSwap, a new decentralized cryptocurrency exchange (DEX) similar to UniSwap or PancakeSwap, will be more of coin exchange. The platform has apparently been operational for several weeks, but it is still undergoing testing to assure total security and transparency.

As of the present conditions, Shiba Inu price has dropped below a critical support level of $0.000007 and is headed for new lows of $0.00000630. If Shiba Inu breaks through the $0.00000630 support level, it will go to the $0.00000440 support level.

To acquire upside momentum in the near term, Shiba Inu needs to climb back above $0.000007. If Shiba Inu is able to break through this resistance, it will go on to the next level of resistance at $0.000008.

$1 For Shiba Inu Price?

Although the future for Shiba inu appears bleak, many experts and analysts have weighed in with their predictions. Market Realist outlined a strategy for Shib coin to hit the $1 level, which has long been a dream of Dogecoin enthusiasts. To reach $1, Shib coin would have to increase by 12,000,000%.

Every month since January, the coin has increased by around 2,000,000 percent. According to Market Realist, it might approach $1 by the end of 2021 if it continues to expand at this rate. Shiba’s price is expected to hit $0.000030 by June 2021 and could rise to $0.000048 by the end of the year, according to Wallet Investor.

As of the present conditions, Shiba Inu price has dropped below a critical support level of $0.000007 and is headed for new lows of $0.00000630. If Shiba Inu breaks through the $0.00000630 support level, it will go to the $0.00000440 support level.

Source: https://coinpedia.org/price-analysis/shiba-inu-price-plunge-hard/

shiba-inu-price-plunge-hard!-should-you-buy-the-ongoing-dip?

Continue Reading

Coinpedia

An Extreme Bullish Case Emerges For Ethereum Price, $6000 May Be On Cards!

The etheruem(ETH) price is attempting to follow a similar path and if it successfully mirrors previous rally, levels above $5000 is imminent

Published

on

Ethereum price rally

In the times when the Bitcoin price rally went into a passive mode and the Ethereum price rally intensified, many believed ETH may flip BTC someday. Moreover, the difference between the market caps was diminishing at a greater pace. This fueled the speculations of the asset spiking above $5000 soon.

However, the black Wednesday of May trembled the markets which were destabilized by a massive margin. ETH price was trading above $4000 and within no time slumped below $2000. Since then the price was in search of a bigger boost to recover the losses which are still missing at the press time.

Also Read: Bitcoin Price & Ethereum Price Initiates A Bearish Weekly Trade, What’s Next?

On the other hand, the price with the current day trend sets the field for a massive breakout. The price is on the verge of forming a ‘Cup and Handle’ pattern and hence expected to visit some lower levels. Nevertheless, later a notable breakout may follow the slump to escort the price.

A popular analyst, Shelby predicts the most bullish predictions and sees the price rallying above $6000 in the coming weeks.

Currently, the ETH bulls should come into action and uplift the price above the upper resistance levels around $2936. And in the meantime, a spike in the trading volume will also follow which will confirm the upside trajectory.

On the contrary, currently, the ethereum price manifests some signs of capitulation as the exchange inflows have seen a spike. However, this might be short-lived as the ETH price is poised to regain the lost positions and propel above $5000.

Also Read: Here’s When Cardano Price (ADA) & Ethereum (ETH) will Skyrocket!

Photo of Mustafa Mulla

Mustafa has been writing about Blockchain and crypto since many years. He has previous trading experience and has been working in the Fintech industry since 2017.

Source: https://coinpedia.org/price-analysis/extreme-bullish-case-emerges-for-ethereum-eth-price/

an-extreme-bullish-case-emerges-for-ethereum-price,-$6000-may-be-on-cards!

Continue Reading

Coinpedia

ADA price may rise along with THETA, SAFEMOON pushed to a downtrend?

Cardano price rallies further with a bullish momentum, will it fall? THETA price climbs up the curve towards $10, might see a pullback anytime. SAFEMOON price drops, still stuck in a fluctuating phase.

Published

on

ADA Price Might Go Up the Curve

In the last week, the Cardano price had been trending in the cryptocurrency market, putting all feats to hit back the $2 mark. The price trend had been highly oscillating, plunging to as deep as $1.4 and hitting $1.87 in the coming hours. For the past few days, the price was fluctuating and struck at $1.88 but fell hopelessly. Currently some hulls have accumulated the line, and the price will possibly approach $2 once again today.

ADA

At the time of typing, the ADA price is at $1.533. In the early hours the price fell from $1.62 to $1.55. With a bullish candle in hand, the price was expected to surge, but it only fell deeper near $1.474. Currently it has surged from this point. If this proceeds, the price may hit $1.80 or above in the coming hours. However, if it fails to rally further, it might start dipping from there failing to touch a new ATH.

Technical Specifications

  • The resistance value is $ 1.688
  • The support value is $ 1.663
  • The indicators point out a sell signal.

THETA Price Advances With a Bullish Trend

The price movements for this token has been between $8 and $10. Trying to deviate from this channel, the price surged to $10.45 but fell back to $9.174 in the last couple of days. Currently, the price is soaring and set off towards a shift from this channel bypassing the $10 mark.

THETA

At the time of writing, the THETA price gradually lifted its head to $8.931. In the early hours it resumed yesterday’s bearish trend and was dipping rapidly. This happened in two phases, where it first fell to $8.595 and then to $8.369, with the aggravating selling pressure. Now, the movement flipped being bullish and might touch $10, if the bulls rally further. However, failing to do so, the price may dip from this point and sail back at $8.50.

Technical Specifications

  • The resistance value is $ 9.470
  • The support value is $ 9.075
  • The indicators point out a buy signal.

SAFEMOON Taking a Curve Away from the Moon

For the last couple of days, the SAFEMOON price is dripping slowly. Earlier today, the price survived the bearish storm and striked at $0.00000390 from $0.00000367. However, the momentum ceased and the price plunged deeper in segments, from there. Currently, SAFEMOON is still entangled in a downtrend and is moving downwards.

SAFE

At the time of typing, the SAFEMOON price is $0.000003596. For the past hours, it has been highly fluctuating between $0.00000345 and $0.00000375. At present the price is positioned downwards and may plunge further to $0.00000354. Following which the price may begin to oscillate within the range again.

Technical Specifications

  • The resistance value is $ 0.00000366
  • The support value is $ 0.00000352
  • The indicators point out a sell signal.

Also read: Safemoon price prediction, How high will the price hit by 2021?

The price movements for this token has been between $8 and $10. Trying to deviate from this channel, the price surged to $10.45 but fell back to $9.174 in the last couple of days. Currently, the price is soaring and set off towards a shift from this channel bypassing the $10 mark.

Source: https://coinpedia.org/price-analysis/ada-price-theta-and-safemoon-trends/

ada-price-may-rise-along-with-theta,-safemoon-pushed-to-a-downtrend?

Continue Reading

Title

Blockchain news13 hours ago

Long-Term Bitcoin Holders Keep Stacking While Short-Term Holders Keep Selling

On-chain analyst William Clemente III revealed that long-term holders keep on stacking as short-term holders keep on selling.

Coinpedia15 hours ago

Shiba Inu Price Plunge Hard! Should You Buy the Ongoing Dip?

Shiba Inu Price needs to climb back above $0.000007. If SHIB Price is able to break through this resistance, it...

Techcrunch18 hours ago

UBS investment makes Byju’s the most valuable startup in India – TechCrunch

Edtech giant Byju’s has become the most valuable startup in India after raising about $350 million in a new tranche...

CNBC21 hours ago

GameStop sales rise 25% as retailer chases e-commerce growth, says it may sell 5 million shares

GameStop sales rose 25% in the fiscal first quarter as the company focuses on e-commerce and tries to stage a...

Bioengineer23 hours ago

Trial of existing antibiotic for treating Staphylococcus aureus Bacteremia begins

NIH-supported trial will test Dalbavancin in hospitalized adultsCredit: NIAID A clinical trial to test the antibiotic dalbavancin for safety and

ZDNET1 day ago

Avaddon ransomware group closes shop, sends all 2,934 decryption keys to BleepingComputer

Bleeping Computer worked with Emisoft to create a free decryptor that any Avaddon victim can use.

Reuters2 days ago

Internal data from breach circulating online -CD Projekt

Internal company data leaked during a February security breach is now being circulated on the internet, Polish video games maker...

Blockchain news2 days ago

13.38% of Bitcoin’s Money Supply Has Now Moved Between $31K and $40K

On-chain analyst William Clemente III disclosed that 13.38% of Bitcoin’s circulating supply standing at 18.73 million BTC has moved between...

Coinpedia2 days ago

An Extreme Bullish Case Emerges For Ethereum Price, $6000 May Be On Cards!

The etheruem(ETH) price is attempting to follow a similar path and if it successfully mirrors previous rally, levels above $5000...

CNBC3 days ago

Homeowners got $2 trillion richer during the first three months of the year

Home prices have been soaring, so homeowners have been getting richer, at least on paper. The equity numbers are staggering.

Review

    Select language

    Trending