XRP Price Analysis – August 3

  • XRP’s price will continue its range bound movement at a price of $0.43. However, the MACD and signal lines are below the zero line which indicates a sell signal.
  • The moving averages are neither above nor below the cryptocurrency’s price, indicating that it’s in the range bound zone.

Ripple, XRPUSD, CryptoCompare chartRipple Chart by Trading View

XRP Price Medium-term Trend: Ranging

Supply levels: $0.44, $0.45, $ 0.46                                      

Demand levels: $0.42, $0.41, $0.40

Yesterday, August 2nd, the price of XRP was range bound at the bottom of the range bound zone. Today, XRP’s price still hasn’t left said zone. The bears and bulls have no control over the price at its current support level.

XRP’s price will continue its range bound movement at a price of $0.43. However, the MACD and signal lines are below the zero line which indicates a sell signal. Also, XRP is below the 12-day EMA and 26-day EMA which indicates that a bearish trend is ongoing.

XRP Price Short-term Trend: Bearish

Ripple, XRPUSD, CryptoCompare chartRipple Chart by Trading View

On the 4-hour chart, XRP is in a range bound movement. XRP’s price bars are horizontal at the support level of the range bound zone. The moving averages are neither above nor below the cryptocurrency’s price, indicating that it’s in the range bound zone. Meanwhile, the Relative Strength Index period 14 is level 48 which indicates the price is in a range bound trend zone.                                                                                                                                                                                       

The views and opinions expressed here do not reflect that of CryptoGlobe.com and do not constitute financial advice. Always do your own research.           

Opera Launches Blockchain, Cryptocurrency-Ready Browser for iOS

Opera Ltd., the company behind the Opera browser, has recently launched a new blockchain and cryptocurrency-ready browser for iOS, following the company’s addition of a built-in cryptocurrency wallet to its Android and PC browsers.

According to a press release shared with CryptoGlobe, the company’s Opera Touch browser for iOS features “crypto wallet integration and Web 3 support,” meaning users can interact with blockchain-based applications through it, as if they were using an extension like MetaMask. The company hinted at the move in March of this year.

The company touts it now offers browsers supporting blockchain-based applications and with a built-in cryptocurrency wallet in various operating systems, including Windows, Mac, Linux, Android, and iOS, allowing users to “seamlessly interact with the next generation of Web 3 applications.”

Currently, the browser only supports ERC-20 tokens, stablecoins, and non-fungible tokens, although the company has revealed earlier this year it’s looking to add support for TRON and multiple other blockchains within a  year.

Charles Hamel, Opera’s head of crypto, stated:

We believe that all modern browsers should integrate a crypto wallet. This will enable new business models to emerge on the web. Opera is the first browser to make using crypto on the Web seamless and easy. Following a strong demand from the crypto-community, we are now making this experience available on iOS.

In the press release the company added it believes the “web of today will be the interface to the decentralized web of tomorrow,” with cryptocurrencies being at its forefront. Along with the iOS release, the company announced it partnered with a decentralized-application (dApp) called Marble.Cards, which allows users to turn unique web pages into collectible cards on the blockchain, each being a non-fungible token.

The Opera touch browser itself has a user interface built to let users use large phone screens with ease, as it shifts the navigation towards the bottom of the screen and adds features that make it easy to share pages across devices.

Opera’s main Android browser is also its cryptocurrency-ready browser for the operating system, and it has made it easier for users to buy cryptocurrencies directly from their mobile phones.