- XRP recovery is capped by $0.5000 so far.
- Ripple’s community is most active on Twitter.
XRP, the third largest coin by market value, is down 4.5% on daily basis amid global sell-off. The coin is changing hands at $0.4609, off early Asian low registered at $0.4470. The digital asset with the total market value of $18B is most actively traded at against BTC, trading at Bitfinex and Bitstamp.
According to the Coin Offering research. XRP is the second popular cryptocurrency after Bitcoin. The company analyses coins followers across popular social media channels like Twitter, Reddit, and Facebook, and compiles the summary statistics. Thus, XRP has 1.13M followers and discussed mostly on Twitter, while Bitcoin has 1.7M followers and Reddit as the top channel.
However, if history any guide, popularity in social media does not guarantee price gores. XRP has lost over 76% of its value since the start of the year, but the
Ripple technical picture
The picture looks bearish as long as XRP/USD stays below $0.50. One the price is above this handle, the recovery may be extended towards $0.56 (78.6% Fibo). On the downside, a clear move below Asian low at $0.4470 will lead to a sell-off towards $0.4400.
XRP/USD, the daily chart
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