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XRP/EUR Confirms Below Daily Ichimoku Cloud on Bearish Sentiment –

XRP/EUR Confirms Below Daily Ichimoku Cloud on Bearish Sentiment

It’s Thursday, November 2nd, I’m Kiana Danial, CEO of Invest Diva with NewsBTC and here is your crypotocurrency update. XRP/EUR has confirmed below the daily Ichimoku cloud, approaching the 0.16 support level once again.

While the future cloud has turned bullish, the market sentiment appears to be bearish, sending mixed signals to the trading crowd. The next support level is set at 0.14, while pivot point falls on the upper band of the Ichimoku cloud at 0.19. It could take the pair a while to get back to the key resistance level of 0.23 at this point. Despite the current selloff,


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Ripple users internationally appear to value its speed. For example, in India, where payments typically take three or four days to reach, Ripple’s six to seven-second settlement is quite extraordinary and could become high in demand. However, more than the cryptocurrency itself, the majority of banks seem to be excited about the blockchain industry itself.

In many countries, cross-border payments have to deal with two banks and two regulators, so it be two or three years before regulators take a position on cryptocurrencies. Meanwhile, banks can find a good value proposition to start with blockchain without getting into cryptocurrencies. Thanks for watching, invest responsibly, and I’ll see you with more updates next time.

RIPPLE Anaylsis

DateOpenHighLowCloseVolumeMarket Cap
Jan 08, 2018287.73289.07237.66255.761,182,080,00015,726,800,000
Jan 07, 2018296.05305.53281.93288.451,055,400,00016,178,100,000
Jan 06, 2018249.77323.12249.41296.452,264,740,00013,645,300,000
Jan 05, 2018241.03256.15237.88249.271,710,600,00013,164,800,000
Jan 04, 2018245.47245.47227.01241.373,481,550,00013,403,400,000
Jan 03, 2018255.69260.74243.13245.373,215,280,00013,957,800,000
Jan 02, 2018228.99263.63228.99255.681,237,950,00012,496,900,000
Jan 01, 2018231.67236.63222.20229.03633,142,00012,639,700,000
Dec 31, 2017216.97237.79213.81232.10771,042,00011,835,100,000
Dec 30, 2017245.09245.43208.20218.96943,667,00013,364,800,000
Dec 29, 2017250.35258.04238.33245.501,392,210,00013,648,200,000
Dec 28, 2017272.13273.18231.38249.932,593,240,00014,831,200,000
Dec 27, 2017286.59290.94264.42272.17777,138,00015,615,200,000
Dec 26, 2017273.11289.51272.26286.50842,993,00014,876,400,000
Dec 25, 2017277.49286.79269.57273.39804,377,00015,111,400,000
Dec 24, 2017291.01291.01251.04275.981,122,910,00015,842,900,000
Dec 23, 2017269.27312.67261.64288.271,352,580,00014,655,200,000
Dec 22, 2017319.26320.30187.48264.932,938,040,00017,371,200,000
Dec 21, 2017314.66339.74299.53317.461,555,940,00017,116,600,000
Dec 20, 2017349.60349.60308.63314.622,104,060,00019,012,500,000
Dec 19, 2017359.13375.29335.68350.252,150,480,00019,525,500,000
Dec 18, 2017318.95360.93302.00358.341,966,600,00017,336,500,000
Dec 17, 2017301.78332.59301.78318.721,703,580,00016,398,800,000
Dec 16, 2017299.34309.90290.13298.971,291,380,00016,260,700,000
Dec 15, 2017280.97316.41251.22299.782,599,940,00015,258,500,000
Dec 14, 2017301.20311.32265.66279.332,114,880,00016,352,400,000
Dec 13, 2017315.36341.80287.48302.603,409,790,00017,116,500,000
Dec 12, 2017212.46341.72209.68316.166,961,680,00011,528,600,000
Dec 11, 2017148.26225.29147.34214.202,913,980,0008,042,020,000
Dec 10, 2017155.63155.63130.16148.661,087,340,0008,438,840,000
Market Quotes by TradingView


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Market Quotes by TradingView

Cryptocurrency Benefits and Drawbacks

Cryptocurrencies make it less complicated to transfer price range among two events in a transaction; these transfers are facilitated via using public and private keys for security functions. These fund transfers are executed with minimum processing prices, allowing users to keep away from the steep fees charged by maximum banks and monetary institutions for twine transfers.

Valuable to the genius of bitcoin is the blockchain it uses to store an internet ledger of all the transactions that have ever been carried out using bitcoins, imparting a statistics structure for this ledger that is uncovered to a restricted hazard from hackers and can be copied throughout all computers running bitcoin software. Many professionals see this block chain as having important uses in technology, which includes online voting and crowdfunding, and major monetary establishments along with jp morgan chase see capacity in cryptocurrencies to decrease transaction fees with the aid of making fee processing greener.

But, because cryptocurrencies are virtual and do no longer have a valuable repository, a digital cryptocurrency stability may be worn out by a laptop crash if a backup copy of the holdings does no longer exist. When you consider that charges are primarily based on deliver and call for, the price at which a cryptocurrency can be exchanged for another forex can differ widely.

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Richard Dambrosi (JADTECNIC) Has Been Sharing FOREX INVESTORS ANALYSIS FORECAST since 2011. Editors and Founder of InvestorsBuz.com, has a passion for Forex Social Sharing analysis and Market Trends Such as Self Driving Cars, Electric Cars, Medical Marijuana, 3d printing and Cloud computing, Refers to Readers as BUZ INVESTORS.

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