- XRP/USD is still lagging the reaction to the contracting triangle.
- The survey took into account feedback from 11,000 starting January 30 to February 20.
XRP/USD is seen leading from behind on Wednesday alongside other major cryptocurrencies like Bitcoin, Ethereum and Bitcoin Cash. However, there are selected cryptocurrencies that are recording gains, for example, Dash (DASH), Bitcoin Gold (BTG) and Monero (XMR).
As discussed in yesterday’s analysis, XRP/USD is still lagging the reaction to the contracting triangle. In fact, the crypto has slipped further below yesterday’s 50 SMA and 100 SMA 4-hour. Ripple is currently valued at $0.3143 and strongly supported at $0.31. According to the indicators applied to the chart; the RSI and the MACD, expect Ripple to trend sideways between the upper limit at $0.31 and $0.32.
XRP/USD 4-hour chart
In other Ripple related news, a survey from Japan’s GMO Group an internet provider indicates that among many tokens XRP is expected to witness the highest rise in price in 2019. The survey took into account feedback from 11,000 starting January 30 to February 20. According to Investing in Blockchain the survey found that:
“70% of respondents also believe that cryptocurrencies are long-term investments and that there is indeed potential in digital assets in the future.”
