Ripple Trading Analysis News: falling due to JPM Coin
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Ripple Trading Analysis News: falling due to JPM Coin

By Federico Izzi - 15 Feb 2019

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Ripple’s trading today is declining due to JP Morgan‘s new stablecoin.

ripple trading analysis news
Ripple chart, Search: https://it.tradingview.com/symbols/CRYPTOCAP-XRP/

For the top five coins, the analysis shows that only Ripple (XRP) marks a negative balance today, highlighting the clouds that are beginning to thicken on its future that became dubious after that JP Morgan released its stablecoin, with the ambition to replace the Swift network for cross-border transactions.

The Ripple Foundation has always claimed in recent years that it wanted to replace a system now left behind by the speed of digital exchange of information and data.

Yet, JPM Coin has brought bad news to Ripple Trading (XRP) which is now down almost 2%.

ripple trading analysis news

Litecoin (LTC) did very well and, after three months, revised its share to 40 dollars, a level where prices tried to form a base from which to start again.

Among the worst of the week comes Tron (TRX), which accuses the profit-taking after the airdrop of the tokens of the recent ICO of BitTorrent (BTT) and Stellar Lumens (XLM) with a weekly negative balance of more than 3%, in line with the descent of Ripple.

Despite the official acquisition in the last few hours of Coinsquare, Canada’s first exchange, which pushes Stellar up by more than 1% in the last 24 hours, prices continue to slide below the lows of the previous two years.

Total capitalisation remains above $120 billion, with trading volumes in line with the average since the beginning of the week.

ripple trading analysis news
Bitcoin chart, source: https://it.tradingview.com/symbols/BTCUSD/

Bitcoin (BTC)

BTC’s technical picture remains unchanged with prices frozen just above $3650 on Sunday and without emotion despite attempts to approach $3700. To hope for a return of purchases it is necessary to go beyond 3750 dollars, while a slide below 3500 dollars would tease the appetite of the Bear.

ripple trading analysis news
Ethereum chart, source: https://it.tradingview.com/symbols/ETHUSD/

Ethereum (ETH)

Nothing to add to what was written in yesterday’s trading analysis. Positive the holding of 120 dollars and prices close to the weekly maximums in the area of $125. New purchases are needed to go beyond the threshold of 135 dollars, the minimum level required to start a new upward trend.

A return below $110 would bring a setback, thus cancelling the basis of the consolidated recovery seen in recent days.

Federico Izzi
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. Since May 2017 he is officially a Bigbit technical analyst. 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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