Ripple (XRP): short-term analysis – positive

Today Ripple (XRP) is trading at a price of 0.614 US dollars (+ 7.74%). The market capitalization of XRP is $ 24,481,165,999. The maximum exchange rate for the last 24 hours is $ 0.614, and the minimum rate is $ 0.54 (pair XRP / USD).

Recall that tomorrow – the day after tomorrow in San Francisco Ripple is hosting a SWELL event, which should raise topical issues about global payments. One of the keynote speakers will be former US President Bill Clinton. It is planned that before the event Ripple will accompany the bullish trend, as the price of the crypto currency exceeded the mark of 0.60 US dollars.

Based on the graph, the exponential moving average of EMA (10) is 0.52601, and the simple moving average of SMA is 0.55048. Other moving averages such as EMA (20, 30, 50, 100, 200) and SMA (20, 30, 50, 100, 200) are in a massive buying area. In this case, one of the moving averages, which is the baseline of the "cloud Ichimoku" (9, 26, 52, 26), is in the neutral zone.

The weighted average moving average WMA (20) for XRP is 0.49878, indicating a buy signal. The moving average Hala HMA (9) is also in the purchase zone with a value of 0.57557.

Recently, Ripple (XRP) shows pretty good results. Many experts say that Ripple is a new Bitcoin. Is it so? Leave your opinion in the comments!