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Ripple Price Set to Break Critical Resistance Barrier for a 40% Explosion to $0.42

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  • Ripple eyes significant breakout above $0.3 if the swings past the descending triangle’s hypotenuse.
  • The number of whales within the XRP ecosystem has rallied extensively since the beginning of the year, suggesting that buying pressure is rising.

Ripple is on the verge of a massive breakout amid the extended consolidation. The daily close under $0.3 and the 50 Simple Moving Average on the 4-hour forced XRP to explore levels under $0.27. However, a recovery seems imminent with the price reclaiming the position above the 100 SMA.

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Ripple draws nigh to a critical technical barrier

At the time of writing, XRP/USD is dancing at $0.28. Its immediate upside is limited by the 50 SMA. However, the 4-hour chart brings to light the formation of a descending triangle pattern. Although this pattern is generally viewed as bearish, a breakout above the hypotenuse would result in a 40% upswing to $0.42.

Trading above the 50 SMA will validate the uptrend. Moreover, if Ripple makes a daily close above the critical barrier at $0.3, buying orders are likely to surge, creating enough tailwind to push XRP upwards.

XRP/USD 4-hour chart

XRP/USD price chart
XRP/USD price chart by Tradingview 

According to Santiment, large volume holders of XRP have been growing since the beginning of the year. For example, whales holding between 10,000 and 100,000 XRP are holding at nearly 103,500 from roughly 98,000 on January 1. A similar growth pattern has also been seen with the addresses having between 100,000 and 1 million XRP, which rose from approximately 16,300 to 17,250 in the same period.

Ripple holder distribution

XRP holder distribution
Ripple’s holder distribution by Santiment

The increase in the number of whales suggests that buying pressure is building behind XRP. Therefore, this is a bullish sign for the token, likely to validate the expected upswing.

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It is worth mentioning that the bullish outlook will be invalidated if XRP fails to close the day above the 50 SMA and the barrier at $0.3. On the other hand, losing the support at 100 SMA will see losses toward $0.25 return into the picture.

Ripple intraday levels

Spot rate: $0.285

Relative change: 0.0077

Percentage change: 3%

Trend: Bullish

Volatility: Growing

To keep track of DeFi updates in real time, check out our DeFi news feed Here.

TradingView

Source: https://coingape.com/79679-2/

Blockchain

Amplifying Her Voice

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  • 200+ Speakers, 75+ Countries, 5 Continents, 3 DAYS  International Women’s Day Global Virtual Summit 
  • Topics Include: Blockchain, Digital Assets, FinTech, Artificial Intelligence, Women in Space Exploration, Global Women’s Entrepreneurship & Leadership, Podcasting, Healing & Wellness  

You are cordially invited to join us for this GLOBAL Virtual Summit celebrating the voices of women & girls around the world as we discuss new paradigms in reshaping the global digital economy and celebrate the launch of The State of Women Podcast Network in partnership with The State of Women Institute, SHEQONOMI, and Women Investing in Women DIGITAL.  

  1. Inviting all global partners & leaders committed to the economic empowerment of women to join us for various strategic opportunities
  2.  Our 3-day event will engage women entrepreneurs & women owned enterprises build bridges for global international trade & commerce
  3. Join us in setting a new global standard for the economic empowerment of women, especially small and large scale women entrepreneurs from leading economies, emerging markets, and industry thought leaders and mavericks leading Post-Pandemic Recovery.  

REGISTER HERE:  https://hopin.com/events/sheqonomi

ABOUT: 

Global investment into women led companies has reached an all time low during 2020. We are seeing many innovative ideas come out of developing nations across the globe that deserve more visibility and connectivity with qualified investors and partners who can help them grow and scale. Amplifying Her Voice will serve as a global platform that will bring such stakeholders together from within Women Investing in Women Digital’s virtual tribe to a broader global community of women entrepreneurs, investors, technologies, and industry professionals to accelerate both communication and unprecedented digital connectivity. This Roundtable will be the beginning of a series of conversations where professionals from within the global innovation ecosystem may listen, learn, and share best practices with the global women’s entrepreneurship ecosystem where our global network of women investors and philanthropists will be invited. Your will have the opportunity to share your CALL’s to Action from local, regional, and global standpoints that will hopefully be a starting for deeper conversations and partnerships leading to change, investment, impact, and transformation. 

ABOUT AMPLIFYING HER VOICE (March 8-10, 2021):

A worldwide pandemic, uncertainty, and troubles big and small over this past year have brought increasing challenges and anxiety—but they have also brought together women leaders and innovators around the globe: to share their ideas and innovations, to inspire and lift up one another, and to support women and change the world. Join us as we amplify their voices, celebrate their accomplishments, learn from their vision, and work together to invest in women. 

  • Join us as we co-create the NEW normal where our voices and our wisdom are valued. 
  • Listen to innovators, entrepreneurs, investors, and women on the front-lines who have developed solutions to global issues at scale addressing UN Sustainable Development Goals shaping the global economy, education, food security, climate change, space exploration, and more.
  • Participate in main stage content and breakout workshops on global women’s entrepreneurship, healing and wellness, and the latest in blockchain and cryptocurrency investing.
  • Bring your curiosity and connect with our global community in our breakout sessions and networking receptions.

ABOUT ANU BHARDWAJ

Founder Anu Bhardwaj is a serial social entrepreneur and philanthropist, listed on the 2020 Inc Magazine Global Top 100 Female Founders and one of 7 female Award Recipients of the 2020 Transform Fund from the Islamic Development Bank (from a pool of 5,000 applicants worldwide). Anu also co-chaired the 2nd Annual Blockchain for Impact Summit at the United Nations HQ in 2019, and is the founder of Women Investing in Women Digital with over 1M international followers, The State of Women Institute, and SHEQONOMI which has produced a suite of women-led and women focused podcast APPS on Android, iOS, and KaiOS.

ABOUT THE STATE OF WOMEN INSTITUTE

  • The State of Women Institute is a U.S. 501(c)(3) nonprofit organization dedicated to amplifying the voices of women and girls through programs and initiatives that support the creation of various forms of digital media (including podcasts, video documentary, social media related, print, AR and VR). The State of Women Podcast Network, launching Spring 2021 on GooglePlay, Android, and KaiOS, encompassing 300 women podcasters from across five continents. The State of Women Institute will be partnering with Women Investing in Women DIGITAL, SHEQONOMI, and a long list of reputable global non-profits and change makers across 50+ countries worldwide in leading “Amplifying Her Voice” Global Virtual Summit on International Women’s Day 2021.

Contact: ANU Bhardwaj 

Mobile: +18587367460 Email: Anu@womeninvesting.in

 

Source:- Should be Women Investing in Women

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Blockchain

NEXT Chain: New Generation Blockchain With Eyes on the DeFi Industry

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[Featured Content]

The cryptocurrency industry is booming throughout the past year, and the increase in the total market capitalization is definitive proof.

The market is, at the time of this writing, valued at about $1.5 trillion. The same can be said about the DeFi industry. The total value locked in various protocols exceeds $39 billion, and the direction has been up only for quite some time.

However, this has also brought certain inefficiencies in different solutions, including Ethereum. Transaction fees on the network surge as it’s clogged by new participants. This is the reason we’ve seen plenty of alternative solutions being developed to tackle these issues.

NEXT chain is a new-generation blockchain that allows the tokenization of various assets, making them instantly tradeable at quick speeds and low fees.

What is NEXT Chain?

NEXT Chain is a blockchain that allows anyone to create and maintain their own digital assets in a manner that’s easy and rather similar to the ERC20 protocol standard running on Ethereum. All assets are tradeable directly as the team’s aim is to deliver transparent liquidity to existing and new projects.

The capabilities of the network include but are not limited to:

  • Issuing digital fungible assets such as bonds, stocks, and other securities
  • Creating non-fungible tokens (NFTs)
  • Creating and managing sovereign and decentralized identities
  • Design and run other types of arbitrary-complex smart contracts

It’s also worth noting that the blockchain is up and running since April 2019. It already has almost 200 master nodes, and, as the team reports, it doesn’t have a single failed transaction.

Additionally, the team aims to deliver the most profit for its community by taking advantage of different financial activities while also putting real-backed assets on-chain such as company stocks or commodities like gold, for example. It will also be connected to a fiat gateway, so there’s no middleman if the user decides to swap to EUR or USD, for instance.

The team has implemented a combination of Proof of Work and Proo of Stake consensus algorithms with master node validators acting as a Layer 2 technology. This allows the network to achieve high transactional throughput, typical of PoS networks, while also keeping the PoW principles to guarantee that miners calculate hashes with strong encryption.

Some of the advantages of these integrations include low transaction fees, high speeds, and scalability.

What Are the Benefits for Projects and Investors?

Teams are incentivized to build on NEXT Chain through a variety of different mechanisms, mainly through the capabilities of the blockchain itself.

They can create assets quickly and easily and also take advantage of crowdfunding opportunities. The transactions are quick, and the fees are comparatively lower. The team reports that the blockchain can handle up to 10,000 transactions per second (TPS) which is considerably more than Bitcoin or Ethereum’s chains.

On the other hand, investors can benefit from liquidity farming, staking rewards, master node rewards, mining, as well as from master node governance.

The NEXT Exchange

Another important part of NEXT’s ecosystem is the NEXT Exchange. It’s built on the proprietary blockchain, and it’s fueled by master nodes that allow it to reach a very high transactional throughput.

Each user retains full custody over their funds and gains access to their own private keys. It’s also worth noting that the team is building an alternative to Uniswap and PancakeSwap as the leading decentralized exchanges on Ethereum and Binance Smart Chain, respectively.

In addition to that, there are other initiatives that the project has in store, such as:

  • New and updated desktop wallet
  • Upgraded block explorer
  • A mobile app
  • Integrating smart contracts on NEXT chain
  • Atomic swaps
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Source: https://cryptopotato.com/next-chain-new-generation-blockchain-with-eyes-on-the-defi-industry/

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Blockchain

Cardano, NEM, Sushiswap Price Analysis: 03 March

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Even though the on-chain metrics for Cardano, NEM, and SUSHI pointed to a short-term pullback, the fate of the altcoins rested with the bullish cues from Bitcoin and Ethereum. If the technicals do hold up, the aforementioned coins would need to bypass a period of bearishness, before continuing their northbound movement.

Cardano [ADA]

Source: ADA/USD, TradingView

Cardano maintained its position as the world’s third-largest cryptocurrency with a market cap of slightly under $40 billion. Interestingly, a jump of 23% over the last seven days also made Cardano the highest weekly gainer among the top-10 coins by market cap. At press time, ADA was trading just below record levels, while preserving its healthy uptrend on the daily charts.

The Parabolic SAR confirmed the bullish nature of the price as the dotted markers moved below the candlesticks. On the downside, a bearish divergence was spotted on the RSI after the index formed lower highs in the overbought region. With market leaders picking up the pace at the time of writing, bearish predictions for ADA could be offset by bullishness in the broader market.

NEM [XEM]

Source: XEM/USD, TradingView

NEM was another example of a cryptocurrency that registered healthy gains in a largely subdued crypto-market after the price jumped by over 40% in a week even as the market leaders moved sideways. The said hike was boosted by strong bullish momentum, with the same highlighted by the green bars on the Awesome Oscillator.

On the flip side, the Relative Strength Index noted a saturation of buyers in the market and highlighted a bearish pullback. The support level at $0.7 could be in focus in such a scenario. Nevertheless, expect NEM to continue its ascension on the charts post the correctional period.

SushiSwap [SUSHI]

Source: SUSHI/USD, TradingView

SUSHI was trading in the red territory at press time as the price dropped by nearly 5%, compared to yesterday. Even though SUSHI picked up from the $17.24-support level on the 4-hour charts, low trading volumes and buying activity meant that a move towards record levels was unlikely over the coming sessions.

The MACD closed in on a bearish crossover as the green bars fell on its histogram. The CMF was optimistic in its outlook as the index rose above the half-way mark and highlighted the flow of capital. In fact, there was a chance that SUSHI could sustain itself above its press time support, even in a bearish scenario.


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Source: https://ambcrypto.com/cardano-nem-sushiswap-price-analysis-03-march

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