Fundamental analysis of the Ripple price Saturday, February 3, 2018
The price of the Ripple (XRP) for today Saturday February 2, 2018 in real time is XRP 0.96 (0.09 10.65%) the price of the XRP has reported an increase of 12.28% in the last 24 hours positioning with $ 1 dollar at the time of writing this analysis.
The price of the XRP came to $ 0.78 to then find a rebound with an upward trend which has led to trade above $ 1 dollar, this is good news because to maintain the price could seek a trend towards $ 1.45 in the next hours.
Important factors
- The Ripple price has found an increase of more than 12%
- South Korea and China discuss the possibility of facilitating the market to cryptocurrencies.
- We see more confidence in the market which is a good sign to attract buyers.
- The price of the Ripple was positioned at its minimum to only $ 0.78 a price that showed no signs of recovery, the bad news and disinformation by many media would attract a bear market, which exerted a lot of pressure on the XRP by launching it into the market. abyss.
I think some news such as the discussion between South Korea and China to find an effective solution to the market in general among these the cryptocurrencies. The persuasion of South Korea could cause the Chinese Market to opt for a less aggressive measure and end up lifting the sanction that it had imposed on cryptocurrencies, thus taking a regulatory route.
https://es.tradingview.com/x/7cEchSN2/
Today we saw how the price of Bitcoin rose 5% in the last 24 hours, leaving the $ 8K and positioning itself at $ 9,300, which has boosted the price of the other Altcoin, including Ripple.
Ripple continues fighting between $ 0.97 and $ 1 so we could see an increase in the next 24 hours if the market continues to behave positively.