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- The price of the ripple is down 5.7 percent but turns the ETH down from the second
- The use of Santander by xCurrent has been helpful
- Bring up trading volumes
Technically, XRP is bullish, but because of the continuation of the buying trend, prices must exceed 40 cents, as reiterated in our latest XRP / USD business plans. At the moment, sellers seem to have control and the 5.7 percent drop could cause landfills in the days to come.
Price analysis of undulations
Overview
Also in second place, the XRP bulls could not bear the 45-minute flash crash. At spot prices, the currency is down 5.7 percent, but increases order after launching ETH in second place. It is what they want to see the brokers, and as long as it remains in this way and the ETH drop, the limited volatility of the currency – ETH is down 12.5% - will attract capital just as it did in November 2018. However, although this narrow the bull could end up being a blessing for risk averse operators, any drop below 34 cents and 30 cents could shift the momentum from the uptrend to the downtrend.
foundations
The choice of the Estonian DX exchange to digitize some high-value NASDAQ titles like Facebook, Apple and Tesla was a "proof of concept". Thanks to this exchange, it is now possible to trade stock derivatives. Ripple's XRP is available for trade. However, there are now more opportunities that BCG Group has made known their intentions to create eMetals that represent real assets such as gold or silver guaranteed by smart contracts and payable through cryptocurrencies.
Meanwhile, Santander One Pay FX is proving to be cheaper and more efficient by making the bank competitive. At a conference, Ana Patricia Botín-Sanz, executive chairman of the group's bank, said that "the devil is in the details" and that there was a real reciprocity because users can send and receive funds while they are on the move .
Candlestick arrangement
At spot rates, XRP is the second most valuable currency in space with a market capitalization of $ 14.03 billion. This despite the sinking of 5.7 percent in the last day. From the arrangement of the candles, bears are likely to push prices below the 28 lows of 34 cents.
According to this, the volume of trade is increasing – 56 million. They are 10 million more than those of 28 December and although volumes are lower than those of 24-123 million December, the simple fact that volumes exceed daily averages and the wider commercial range than usual after days of consolidation is negative for XRP value. If prices fall below 34 cents, sellers are likely to push the XRP price towards 30 cents in the middle of next week.
Technical indicators
As already mentioned, bear volumes are increasing. After 13 days of consolidation, this high volume flash crash could be an unwanted breakout. However, it falls below 34 cents and will reaffirm this position.
