AltcoinsRipple

Ripple $XRP Forecast: Thursday Edition: Seriously Undervalued or Upsides Capped?

September 06 2018 22:55 UTC

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This edition features popular Ripple $XRP price views from @Coin_Report @investingcom & @NewsBTC. Or jump right to today’s Ripple $XRP Forecast.

@Coin_Report

View: bullish

bullish

iBankCrypto of @Coin_Report discerns "The XRP price is seriously undervalued right now. With the current market turmoil brought about by a massive dump of Bitcoin (BTC) and all other digital assets in the crypto markets, our favorite remittance coin is now valued at $0.28 and looks headed to levels below 25 cents. For those who are savvy investors, this is a prime time to pick up some extra XRP. As the saying goes, buy when there are fear and capitulation."
Published: September 6, 2018 ~1:40pm

@investingcom

View: bearish

bearish

Automated Signal of @investingcom notes "XRP/USD Poloniex Technical Analysis > DAILY >

Summary:Strong Sell
Moving Averages:Strong Sell Buy (0) Sell (12)
Technical Indicators:Strong Sell Buy (1) Sell (9)"

Published: September 06 18:24:21 – Real-time Data

@NewsBTC

View: bearish

bearish

Aayush Jindal of @NewsBTC observes "Ripple price declined sharply and broke the $0.3200 and $0.3000 support levels against the US dollar [and] Ripple price declined heavily against the US Dollar and Bitcoin. XRP/USD is currently correcting higher, but upsides could be capped near $0.3000"

Ripple $XRP Forecast

on Thursday September 06 2018 22:55 UTC

bullishbearishbearish

The crypto pundits say: “bullish/bearish/bearish/”.

Our experts weigh in one bullish and two bearish.

Our bullish view is a well considered view by an industry veteran “Now focused on the cryptocurrency markets full-time”. There is growing evidence that industry buzz and media has the most significant influence on crypto price. iBankCrypto offers an insightful and comprehensive – and the dissenting bullish – fundamentals view. Definitely worth a read.

@investingcom proclaims a strongly bearish view. Note that their dataset is Poloniex. According to CoinMarketCap.com, Poloniex is ranked twentieth in market share of $XRP. Today that’s just 1.19% of the market. Bitbank (16.93%) and Binance (13.16% across two pairs) are the market leaders. @investingcom may obtain a more reliable analysis by using a more representative dataset.

The bearish views are fleshed out by @NewsBTC who are the undisputed crypto industry leaders in single point of view digital asset price analysis.

Binance $XRP/USDT
2018-09-06 16:05:01
Last Price $0.303900
24h Change 0.01501 +5.19%
24h High 0.30700
24h Low 0.26760
24h Volume 20,855,442.20 USDT


[legal disclaimer] Just one news report can invalidate a technical analysis.

Disclosure

The author does not hold Ripple $XRP at the time of writing.

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