• Contact Us
  • Affiliate Disclosure
  • Privacy Policy
  • Terms of Use
  • DMCA
Friday, February 3, 2023
WongaNews.com
  • Live Prices
  • Crypto News
  • Bitcoin
  • Altcoins
  • NFT News
  • Blockchain
  • Regulations
  • Trading
No Result
View All Result
  • Live Prices
  • Crypto News
  • Bitcoin
  • Altcoins
  • NFT News
  • Blockchain
  • Regulations
  • Trading
No Result
View All Result
WongaNews.com
No Result
View All Result

XRP Signals Considerable Uptick – Will Social Media Lift Its Price Past $0.34?

August 21, 2022
in Bitcoin
Reading Time: 3 mins read
A A
ShareShareShareShareShare

Related articles

Optimism Plans to Enhance L2 Scaling Network With ‘Bedrock’ Upgrade in March  – Technology Bitcoin News

February 2, 2023

Bitcoin, S&P 500 almost hit golden cross as bullish trend grows

February 2, 2023

XRP price has demonstrated a significant uptick that come with engaging social media tweets and discussing. Does this hint a potential bull run?

  •         XRP price amplified by social media mentions during summer
  •         Ripple now an official World Economic Forum partner 
  •          Crypto price bleeds by 10% in 24 hours

Ripple Is Now The Official Partner Of WEF

Now, Ripple is an official partner of the World Economic Forum as announced on their website which also adds another layer of credibility and trustworthiness to XRP.

The WEF is a Switzerland-based international NGO established on January 24, 1971 and founded by Klaus Schwab, a German economist and engineer.

On their partnership with Ripple, the WEF has announced, “Ripple is developing and enabling the future use cases that will catalyze the new digital economy for governments, businesses and consumers.”

During summer, Ripple has also shown immense social media popularity and uptick in comments and engagements.

Image: Finbold

On several occasions, upticks in terms of social media interest brought about profitable opportunities for both stocks and crypto alike.

However, despite Ripple’s intense popularity, XRP was not able to benefit from the overwhelming social media hype.

On August 19, the crypto has had a 10% liquidation following a drop from the descending parallel channel.

The bearish cross that move over both the 8-day and 21-day simple moving averaging darting close to the $0.37 level acted as the catalyst to induce the selling frenzy.

XRP Price Sheds 0.35%

According to CoinMarketCap, XRP price is down by 0.35% or trading at $0.3384 as of this writing.

Meanwhile, traders should practice caution when buying a dip with the target range for the crypto close to $0.28 or $0.24.

The bearish thesis invalidation for XRP is set at $0.48. Once this mark is breached, a bull run could happen targeting over $1.

XRP price has been affected by the decline in price of Bitcoin which has been down for the past week.

Chart from TradingView.com

XRP is seen to have dropped by 14% this month after its price has increased steadily by 15% in July.

Affected by the great number of liquidations happening in the crypto market, XRP has experienced extreme liquidations hitting $1,586,572 in the past 24 hours.

The decline in token price also triggered a plunged in trading volume.

On the daily chart, XRP has posted a double-digit plunge on August 19 that cracked the tight range experienced since July 31.

RSI for XRP has also successfully breached into the 50-neutral region which is now tagged as 38. MFI is also at 39 to date.

Ripple has had a massive breakdown of network activity since early August. In fact, XRP transactions have plunged by as much as 31% in the past couple of days.

Crypto total market cap at $1.26 trillion on the daily chart | Source: TradingView.com

Featured image from Kriptokoin.com, Chart from TradingView.com

Credit: Source link

ShareTweetSendPinShare
Previous Post

CryptoWiener Announces Physical & Virtual Exhibition

Next Post

FTX revenue reportedly grew 1000% in one year, leaked documents reveal

Related Posts

Optimism Plans to Enhance L2 Scaling Network With ‘Bedrock’ Upgrade in March  – Technology Bitcoin News

February 2, 2023

The Ethereum scaling network Optimism, which operates as a layer two (L2) network, announced plans to upgrade its network in...

Bitcoin, S&P 500 almost hit golden cross as bullish trend grows

February 2, 2023

As we enter the second month in Q1 2023, bitcoin investors and Wall Street could have a reason to smile...

CleanSpark Mines Record 697 Bitcoin In January, A 50% Increase Since December

February 2, 2023

The bitcoin mining firm is reaping the rewards of expansion as it had a record month with solid reliability.CleanSpark has...

Indian Retail Chain Enables CBDC Payments In Stores

February 2, 2023

Digital currency is becoming popular as several countries have begun launching their own central bank digital currency (CBDC) while promoting...

BTC Jumps to 6-Month High Above $24,000 – Market Updates Bitcoin News

February 2, 2023

Bitcoin surged above $24,000 on Feb. 02, as markets continued to react to the latest U.S. Federal Reserve policy decision....

Load More
Next Post

FTX revenue reportedly grew 1000% in one year, leaked documents reveal

Leave a Reply Cancel reply

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

Recommended

FTX Co-Founder’s Alleged Extravagance Comes to Light in Bankruptcy Court Documents – Bitcoin News

January 9, 2023

BTC Price Analysis: Analyzing Bitcoin’s Prospects Of Reaching The $25,000 Mark

January 25, 2023

Fantom (FTM) Gains 39% In 7 Days Following its Integration With Axelar Network

January 29, 2023

About Us

Wonga News is an online news portal that aims to provide the latest crypto news, blockchain, regulations, and much more stuff like that around the world. We promise to share only high quality content from the world's best crypto sources. Feel free to get in touch with us!

What’s New Here!

  • Kraken closes Abu Dhabi office; Bithumb owner arrested
  • Defiance ETFs to Close NFTZ ETF After Just 13 Months
  • Bitcoin Price Heading Back Towards $24,000 – Did Wednesday’s Liquidity Grab Give It The Boost It Needed?

Newsletter

Loading
  • Contact Us
  • Affiliate Disclosure
  • Privacy Policy
  • Terms of Use
  • DMCA

© 2022 WongaNews.com - All Rights Reserved!

No Result
View All Result
  • Live Prices
  • Crypto News
  • Bitcoin
  • Altcoins
  • NFT News
  • Blockchain
  • Regulations
  • Trading

© 2022 - WongaNews.com - All Rights Reserved!

  • bitcoinBitcoin(BTC)$23,559.00-2.63%
  • ethereumEthereum(ETH)$1,645.85-2.80%
  • USDEXUSDEX(USDEX)$1.07-0.47%
  • tetherTether(USDT)$1.00-0.35%
  • binancecoinBNB(BNB)$326.671.31%
  • usd-coinUSD Coin(USDC)$1.00-0.03%
  • rippleXRP(XRP)$0.412010-1.85%
  • binance-usdBinance USD(BUSD)$1.00-1.12%
  • cardanoCardano(ADA)$0.401657-0.95%
  • dogecoinDogecoin(DOGE)$0.091443-4.97%
  • matic-networkPolygon(MATIC)$1.19-4.66%
  • okbOKB(OKB)$39.52-2.02%
  • solanaSolana(SOL)$24.29-4.80%
  • staked-etherLido Staked Ether(STETH)$1,641.74-2.47%
  • polkadotPolkadot(DOT)$6.56-0.24%
  • shiba-inuShiba Inu(SHIB)$0.0000120.23%
  • litecoinLitecoin(LTC)$99.76-2.53%
  • avalanche-2Avalanche(AVAX)$21.16-2.33%
  • tronTRON(TRX)$0.0640760.19%
  • uniswapUniswap(UNI)$7.183.01%
  • daiDai(DAI)$1.000.03%
  • cosmosCosmos Hub(ATOM)$14.55-3.58%
  • wrapped-bitcoinWrapped Bitcoin(WBTC)$23,526.00-2.12%
  • chainlinkChainlink(LINK)$7.14-2.78%
  • ToncoinToncoin(TON)$2.38-2.64%
  • leo-tokenLEO Token(LEO)$3.360.09%
  • moneroMonero(XMR)$173.17-3.84%
  • ethereum-classicEthereum Classic(ETC)$22.56-1.04%
  • AptosAptos(APT)$16.93-9.16%
  • bitcoin-cashBitcoin Cash(BCH)$137.48-0.27%
  • Aerarium FiAerarium Fi(AERA)$7.12-13.06%
  • stellarStellar(XLM)$0.092153-1.54%
  • apecoinApeCoin(APE)$5.86-4.73%
  • quant-networkQuant(QNT)$144.66-4.66%
  • nearNEAR Protocol(NEAR)$2.43-2.23%
  • filecoinFilecoin(FIL)$5.48-4.94%
  • crypto-com-chainCronos(CRO)$0.080488-2.33%
  • lido-daoLido DAO(LDO)$2.25-3.70%
  • algorandAlgorand(ALGO)$0.2567310.03%
  • vechainVeChain(VET)$0.024216-3.92%
  • hedera-hashgraphHedera(HBAR)$0.067776-3.36%
  • fantomFantom(FTM)$0.614.14%
  • internet-computerInternet Computer(ICP)$5.79-5.53%
  • decentralandDecentraland(MANA)$0.78-4.17%
  • axie-infinityAxie Infinity(AXS)$11.19-3.85%
  • aaveAave(AAVE)$88.32-2.41%
  • the-sandboxThe Sandbox(SAND)$0.75-4.27%
  • eosEOS(EOS)$1.07-2.26%
  • flowFlow(FLOW)$1.11-3.55%
  • elrond-erd-2MultiversX(EGLD)$45.020.46%