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XRP trading: Ripple showing some momentum
XRP trading: Ripple showing some momentum
Trading

XRP trading: Ripple showing some momentum

By Federico Izzi - 20 Sep 2018

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On Coinmarketcap the first 30 coins per capitalization are all in green. To find the first red sign you have to go up to the 32nd position occupied by Maker (MKR) which marks a drop of more than 5% from yesterday’s levels.

Maker is a smart contract platform that controls the exchanges of the DAI currency, a decentralized and totally transparent stable coin that runs on Ethereum’s blockchain.

This is a project similar to the Gemini Dollar (GUSD) recently announced by the Winklevoss twins that, a few days after its launch, is already being used by a good number of users, it also received the authoritative approval of the founder of Bitcoin Foundation Charlie Shrem.

Source: https://it.tradingview.com/symbols/XRPUSD/

XRP trading continues to rise even today: Ripple scores a double-digit rise of over 14% in the last 24, reaching a value of 36 cents of a dollar.

Among the big ones, only Cardano (ADA) can keep up, climbing by more than 7%. Others like EOS, Stellar (XLM) and Tron (TRX) show increases of over 4%.

The total capitalization goes over 200 billion dollars, with bitcoin losing a few decimals returning below 55% of the market share. Ethereum also suffers a loss of dominance of a few fractions of a percentage despite holding the 200 dollar price.

Ripple gains some ground rising from last week’s 5% to over 7% in these hours by reviewing the levels of early July.

Source: https://it.tradingview.com/symbols/BTCUSD/

Bitcoin (BTC)

Last night’s turbulence, due to the news of a hacker attack against a Japanese exchange, Zaif, which led to a total loss of about 6000 bitcoins, generated a movement of more than 400 dollars, equal to more than 7% of oscillation.

The prices have then returned to the levels of departure stationing around 6400 dollars, an area in which prices have continued to oscillate even today. Last night’s explosion in volumes shows how operators remain vigilant, waiting for a move or news that can ignite a directional movement. The laterality of the prices that has continued for several months is creating the premises of a strong movement.

Source: https://it.tradingview.com/symbols/ETHUSD/

Ethereum (ETH)

Despite the loss of the bullish glaze, prices are able to stay above $ 200. An attempt is being made to consolidate a level that is also psychological, with the aim of regaining a share of 250, the first level that is interesting in the medium term.

The volumes remain very active, for this reason, it is necessary to have confirmation from the prices. A return below 180 dollars is worrying.     

 

Federico Izzi

Financial analyst and independent #trader – S.I.A.T. & Assob.it partner. He operates actively on stock and derivatives markets (futures and options) since 1997. A precursor of cyclic-volumetric analysis he is known for having identified the most important upward and downward movements in the financial markets of recent years. He participates annually as a speaker at the ITForum in Rimini since the 2010 edition and InvestingRoma and Napoli since the first edition of 2015. He is a guest and market expert on the "Trading Room" and "Market Driver" broadcasts of Class CNBC, Borsa Diretta.tv and on the evening news of Traderlink. Since July 2017 he is a permanent guest on LeFonti.TV, the only weekly national space dedicated to cryptocurrencies alongside the most important international experts in the field. He was interviewed as a cryptocurrency expert for Forbes Italia, Panorama, StartupItalia and DonnaModerna. He was recognized as the first Italian technical analyst to have published the first secular cyclic analysis on Bitcoin. Periodically publishes articles on ITForum News, Sole24Ore, MILANOFINANZA, TrendOnLine and Wall Street Italy. Federico Izzi is... "Zio Romolo".

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