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XRP(Ripple)&AVAX(Avalanche)Analysis/19.02.22-Right perspective

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Written by   31
7 months ago
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Fed approves rules banning its officials from trading stocks, bonds and also cryptocurrencies... what am i writing for days :)

The bad news that may come from the fed will directly affect the market, we should pay attention to this and they succeeded.We went from 45000 levels to below 4000 again...


But! something caught my attention...As the price drops, very strong buyers continue to collect bitcoins.This makes us wonder if the falls are fake.Next month is very important, it will show our direction.Let's move on to our technical analysis.


Let's Start with AVAX(Avalanche)

Market Cap
$20,987,321,181

Currently Price
$85.56
source: https://coinmarketcap.com/currencies/avalanche/

AVAX 2H

In the article I shared the other day, I said that Avax found good support.so where did the price find support again? :) our uptrend from the bottom still works great.As long as the day does not close under this rising trend, I look at it positively.If the price wants to go up, it should quickly cross the 87.5 level.unless bitcoin is dropped with ridiculous explanations :)


Next is XRP(Ripple)

Market Cap
$37,642,001,180

Currently Price
$0.7848

source: https://coinmarketcap.com/currencies/xrp/

XRP 2H

Unfortunately, Our blue horizontal resistance field worked fine.If the price drops further, I expect the same performance from our green support zone.As you can see, the price returned from the resistance 2 times in millimeters.I hope we pass that area easily on the 3rd try. (0.80)



I want to give some information about XRP(Ripple).
What Is XRP?

To begin with, it’s important to understand the difference between XRP, Ripple and RippleNet. XRP is the currency that runs on a digital payment platform called RippleNet, which is on top of a distributed ledger database called XRP Ledger. While RippleNet is run by a company called Ripple, the XRP Ledger is open-source and is not based on blockchain, but rather the previously mentioned distributed ledger database.

The RippleNet payment platform is a real-time gross settlement (RTGS) system that aims to enable instant monetary transactions globally. While XRP is the cryptocurrency native to the XRP Ledger, you can actually use any currency to transact on the platform.

While the idea behind the Ripple payment platform was first voiced in 2004 by Ryan Fugger, it wasn’t until Jed McCaleb and Chris Larson took over the project in 2012 that Ripple began to be built (at the time, it was also called OpenCoin).

How Does XRP Work?

XRP was created by Ripple to be a speedy, less costly and more scalable alternative to both other digital assets and existing monetary payment platforms like SWIFT.

RippleNet’s ledger is maintained by the global XRP Community, with Ripple the company as an active member. The XRP Ledger processes transactions roughly every 3-5 seconds, or whenever independent validator nodes come to a consensus on both the order and validity of XRP transactions — as opposed to proof-of-work mining like Bitcoin (BTC). Anyone can be a Ripple validator, and the list is currently made up of Ripple along with universities, financial institutions and others.

How Do You Store XRP?

You can either store your XRP on an exchange, where the exchange is responsible for the safety of your asset, or store your XRP in a cold or hot wallet.

source: https://coinmarketcap.com/currencies/xrp/

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Comments

My dear friend, your analysis was very good. According to you, I am waiting for the federal news. You provided very good and useful information about XRP currency, I really used it.

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7 months ago

Thank you for the nice words my dear friend.I've been trying to warn people for days that the fed is going to make bad statements, I hope they listen.

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7 months ago