XRP Price Analysis: XRP/USD Price Awaiting a Breakout

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Key Highlights:

The Bulls and the Bears momentum are at equilibrium in the XRP market;
XRP price awaiting a breakout;
traders are advised to remain flat and watch out for the breakout.

XRP/USD Price -term Trend: Ranging

Supply levels: $0.42, $0.46, $0.50
Demand levels: $0.39, $0.35, $0.32

XRP/USD is on the ranging mode in the medium-term outlook. Formation of the ascending channel was noticed on the 4-hour chart in the XRP market last two days. XRP/USD price was increasing towards the previous high of $0.46 before it was interrupted by the Bears. XRP price returned to touch the demand level of $0.39 and the lower trend line of the channel.

On May 20, the coin broke out of the channel at the lower trend line by the Bears but lost the momentum to drive the coin down and the Bulls also have not got enough pressure to drive up the XRP price. The XRP started consolidating at the $0.39 demand level.

The 21 periods EMA and 50 periods EMA are flat horizontally at the $0.39 level without giving any specific direction and the coin consolidating directly on the 21 periods EMA; these indicate that consolidation is ongoing in the XRP market.

The Relative Strength Index period 14 is above 50 levels with the signal line flat at the level. Strong pressure from the Bears will break down the $0.39 level and the coin will target $0.35. Should the Bulls defend the $0.39 demand level and their momentum increased, the price may rally towards $0.42.

XRP/USD Price Short-term Trend: Ranging

XRP/USD is consolidating on the short-term outlook. The Bulls placed the XRP price above the $0.42 level on May 19. The following day May 20, a bearish engulfing candle emerged and the XRP price declined to $0.39 and the coin commenced consolidating at the $0.39 demand level.

The 21 periods EMA and 50 periods EMAs are interlocked to each other and it is flat horizontally at the level, the XRP price is trading directly on the two EMAs which confirm the ongoing consolidation in the XRP market. Traders are advised to watch out for the breakout before taking a position.

Published at Wed, 22 May 2019 09:15:28 +0000

September 4, 2017

This startup is going to disrupt the music industry with blockchain technology

Viberate is planning to revolutionize the live music industry with its unique platform that utilizes blockchain technology.

[Disclaimer: This is a sponsored article]

The Viberate Platform

Viberate is an exciting project that aims to change the live music industry, by using blockchain technology. The Viberate platform allows users to access a database which displays musicians, event dates, social media statistics, club locations and more. According to the CEO Viberate, the platform has received overwhelming support from the music and blockchain community:

We knew that we’ll stand out, because we already have a working service and a good concept. But we never dreamed of getting so much attention from the community. My phone number seems to be a valuable asset and the whole team keeps getting calls from funds and high net worth individuals we don’t even know. My partner even got a call from a Premier League football player. Crazy!”

Most interesting characteristics of the platform is the fact that musicians will be able to get paid with cryptocurrency for their performances. The platform will also allow event organizers to find an ideal musician for their upcoming events. Musicians will be ranked according to their social media popularity and music genre. The startup was founded by experienced music industry veterans and by famous Slovenian DJ UMEK. Currently, the platform is in the beta phase and soon it’s going to start an initial coin offering.

Viberate ICO

The startup is planning to have an initial coin offering on September 5, 2017. The ICO will be accomplished with a live performance of DJ UMEK, who also is a co-founder of the startup. The token sale is planned to end on Oktober 4, 2017. The Viberate team is expecting to raise the amount of $12 million through its ICO. The amount is planned to be used for the further development of the platform.

[youtube https://www.youtube.com/watch?v=uR9IidHWT0c]

The Viberate team believes that the hard cap of the ICO should be hit within minutes. DJ UMEK expressed following about his upcoming performance:

Of course, we’ll throw a party for when the crowdsale launches! What kind of a music service wouldn’t do that? I prepared a special 90-minute set and I’ll play it in our offices in Ljubljana. We want as many people as possible to celebrate this special event with us, so we’ll stream the set live on Facebook. I hope the neighbors will understand that we might cross a line with loud music for a while. They’re invited anyway