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XRP Price Prediction: Can XRP Finally Rise?

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XRP price

XRP price saw some rough treatment from the crypto market in 2019 so far, but there are indications that things might change for the third largest coin by market cap.

In the first days of January, XRP fluctuated between a support level at $0.3500 and a resistance at $0.375. However, come January 10th, the coin got caught up in the bear market that pushed its price further down. While the support level at $0.325 managed to stop its drop temporarily, the drop still continued in the final days of January, forcing XRP to drop all the way down to the support level at $0.30.

The coin even broke this support twice in the first half of February, but it also attempted to grow several times. Its first surge was stopped by a support-turned-resistance at $0.325, while the second growth was cut short by a resistance at $0.31. In mid-February, XRP remained stuck between this resistance and its major support at $0.30, which finally changed with the bull run on February 18th.

The bull run allowed XRP price to easily breach the resistance at $0.31, and it was only stopped by the largest resistance at $0.325. Even so, the coin remained close to this upper level for quite a while, before it gradually dropped to the newly created support at $0.31.

The lack of major bearish activity throughout March allowed the coin to use this level as its base resistance, while the new strongest support formed itself at $0.32. In fact, XRP fluctuated between these two levels for nearly the entire March 2019.

Then, about a week ago, on March 23rd, the coin approached its support, which is when the bearish market struck again, albeit only for a little while. Still, the unexpected drop that followed forced the coin to break this support and drop all the way down to the former one, at $0.30.

XRP sees a sudden spike up

The coin did not remain in the depths for long, but it did stay down for long enough for its support at $0.31 to turn into a strong resistance once again. This is the level that XRP price remained very close to for the entire past week, and it finally managed to break it earlier today, March 30.

$0.315 currently acts as a support level, and XRP price even managed to reach a minor resistance at $0.320. The coin then suffered a minor correction, but it currently sees growth once again. At the time of writing, XRP price sits at $0.319812, after a 3.91% growth in the past 24 hours.

If the coin continues growing, it is possible that it might break this resistance, and go for a higher mark. Depending on the market behavior, XRP is likely to reach the $0.32 mark in the following hours, and if the resistance breaks, it will possibly become a new major support. The crypto market currently sees another of its minor bull runs, which were quite frequent in the second half of February and most of March.

However, if the resistance holds, XRP is likely to continue fluctuating between $0.315 and $0.32 for the foreseeable future. The lack of strength and the occasional bearish wave seem to be its largest problems at the moment, but if the growth continues, then the market might finally shake off even these last remnants of the year-long crypto winter.

Whatever happens, it appears that many have decided that this is a perfect time to buy XRP, as the coin’s trading volume in the past 24 hours sits well above $1 billion, while its current market cap managed to exceed $13.3 billion.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

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XNO Token of Xeno NFT Hub listed on Bithumb Korea Exchange

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Hong Kong, Hong Kong, 25th January, 2021, // ChainWire //

Xeno Holdings Limited (xno.live ), a blockchain solutions company based in Hong Kong, has announced the listing of its ecosystem utility token XNO on the ‘Bithumb Korea’ cryptocurrency exchange on January 21st 2021.

Xeno NFT Hub (market.xno.live ), developed by Xeno Holdings, enables easy minting of digital items into NFTs while also providing a marketplace where anyone can securely trade NFTs.

The Xeno NFT Hub project team includes former members of the technology project Yosemite X based in San Francisco and professionals such as Gabby Dizon who is a games industry expert and NFT space influencer based in Southeast Asia.

NFT(Non-Fungible Token) technology has recently gained huge focus in the blockchain arena and beyond, making waves in the online gaming sector, the art world, and the digital copyrights industry in recent years. The strongest feature of NFTs is that “NFTs are unique digital assets that cannot be replaced or forged”. Unlike fungible tokens such as Bitcoin or Ether, NFTs are not interchangeable for other tokens of the same type but instead each NFT has a unique value and specific information that cannot be replaced. This fact makes NFTs the perfect solution to record and prove ownership of digital and real-world items like works of art, game items, limited-edition collectibles, and more.

NFTs are already being actively traded in markets globally. For…

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Should Crypto Projects Devote Resources to Community Growth and Marketing?

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2020 has been an incredible year for crypto as investors have generated windfall profits and crypto projects have seen their businesses gain the spotlight they’ve been looking for.  While Bitcoin has received most of the attention after major institutional investors announced they were accumulating the increasingly scarce asset, many altcoins have also seen their fair share of glory.  When looking at all the big winners of the past year, the first project that probably comes to mind is Chainlink, having appreciated by more than 550% YTD and now valued at over $4.5 billion.  But, the actual biggest winner of the year is HEX with a YTD return of over 5,000%.

I mention both of the above projects as they have each taken slightly different paths to achieve greatness.  Chainlink has devoted resources toward building a fundamentally sound business with many strategic partnerships while HEX has spent vast sums of money on marketing and promotion.  Both approaches are valid, but one thing is certain, it is absolutely imperative for crypto projects to let the crypto community know what makes them special.  Of course, one of the reasons that makes crypto so valuable is the powerful blockchain technology that most projects are utilizing.

Cryptocurrency vs. Blockchain Technology

It’s important to make a distinction between blockchain technology and cryptocurrency.  Although they are often used interchangeably, they are different.  Blockchain technology and crypto were both created after the 2008 financial crisis, but cryptocurrency…

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XENO starts VIP NFT trading service and collaborates with contemporary artist Hiro Yamagata

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Hong Kong, Hong Kong, 24th December, 2020, // ChainWire //

The XENO NFT Hub (https://xno.live) will provide a crypto-powered digital items and collectables trading platform allowing users to create, buy, and sell NFTs. Additionally it will support auction based listings, governance and voting mechanisms, trade history tracking, user rating and other advanced features.

As a first step towards its fully comprehensive service, XENO NFT Hub launched a recent VIP service to select users and early adopters in December 2020 with plans for a full Public Beta to open in June 2021. 

“NFTs are extremely flexible in their usage, from digital event tickets to artwork, and while NFTs have a very wide spectrum of uses and categories XENO will initially focus its partnership efforts and its own item curation on three primary areas: gaming, sports & entertainment, and collectibles.”, said XENO NFT Hub president Anthony Di Franco.

He also added “This does not mean we will prohibit other types of NFTs from our ecosystem However, it simply means that XENO’s efforts as a company will be targeted into these verticals initially as a cohesive business approach.”

Development and Procurement Lead, Gabby Dizon explained, “Despite our initial focus, we found ourselves with a unique opportunity to host some of the works of Mr. Hiro Yamagata. We are collaborating with Japanese artist Hiro Yamagata to enshrine some of his artwork into NFTs.”

Mr. Yamagata has been…

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