Cryptocurrency

26/11/18 06:00 UTC-4

Ripple became the "second coin" after Bitcoin in terms of capitalization

Ripple overtakes Ethereum
Ripple overtakes Ethereum

The market segment of Ripple showed a 21 percent recovery after the November low was set at a level of $ 0.329, a rise in the exchange rate for a coin reported by the CCN news agency.

At the time of Monday, November 26, the XRP-USD rate hit the mark of 0.3399 dollars, according to data on the BitFinex cryptocurrency exchange. At the same time, Ripple's crypto-coin market capitalization has reached almost $ 15.61 billion. With these indicators, it can be argued that Rippl replaced Ethereum, and became the second largest capitalization volume cryptocurrency in the world.

Corey Johnson, Ripple chief marketing strategist, said in an interview on Friday that XRP is better than Bitcoin. Not that his statements could turn away Bitcoin investors, but they certainly attracted some potential “holders” of cryptocurrency. Johnson told that Bitcoin is a more centralized currency. This is due to the huge influence on the course of the Chinese miningMining
– is a type of activity for creating new blocks in the Blockchain to ensure proper system operation. Details
communities and poolsPools
– the union of miners in groups for the extraction of cryptocurrency. Details
.

If you pay attention to today's XRP chart, you can make a forecast that, most likely, the XRP-USD rate will be stabilized to the maximum price.

At the same time, the price of 0.329 (in fiat) provides decent support for XRP in accordance with daily tradingTrading
– is an economic term that means the process of independent trade, independent analysis of the market and the conclusion of trade transactions.Details
and the volatile state of the cryptocurrency market.

"At the moment, the XRP-USD pair is clearly aiming at 0.966 as its intermediate resistance. Soon Ripple will leave a mark of 0.329. We look at the XRP-USD trading pair in the opposite direction for 200 periods on a 15-minute chart. This gives us good opportunities for temporary support. At the same time, placing a stop-loss at around $ 0.390 will protect our position from the maximum loss to the resumption of the rise of the rate" – Steven Diep (after Cory Johnson statements).

Editor: Yulia Krasnaya

See also: "In France, it will be possible to buy Bitcoin in a tobacco shop"

#Ripple, rise of the course #capitalization

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