XRP Price Analysis – January 14

  • The XRP price is in a strong bearish momentum and a sell signal.
  • If the bears break the $0.30 price level, the crypto will find support at the $0.29 or $0.26 price level.

Ripple, XRPUSD, CryptoCompare chartXRP Chart by Trading View

XRPUSD Medium-term Trend: Bearish

  • Resistance Levels: $0.56, $0.58, $ 0.60
  • Support Levels: $0.30, $0.28, $0.26

Last week, January 10, the XRP price was in the bearish trend zone, as the bears broke the 12-day EMA and the 26-day EMA. The crypto's price fell to the lows of $0.33 and $0.32 price levels and it commenced a bullish movement. If the crypto's price is still within the bearish trend zone, the XRP price may likely revisit the previous lows of December 15 and September 11.

In the other words, if the bears break the $0.30 price level, the crypto will find support at either $0.29 or $0.26 price level. Traders should initiate long trades if the price falls to the lows of either $0.29 or $0.26 price level. Meanwhile, the stochastic is in the oversold region but below the 20% range. This indicates that the XRP price is in a strong bearish momentum and a sell signal.

XRPUSD Short-term Trend: Bearish

Ripple, XRPUSD, CryptoCompare chartXRP Chart by Trading View

On the 4-hour chart, the XRP price is in the bearish trend zone. On January 10, the bears broke the 12-day EMA , the 26-day EMA and the price fell to the low of $0.33. The crypto's price commenced a range bound movement for three day s before being resisted by the 12-day EMA. The XRP price fell again to the low of $0.32.

The crypto's price is making a bullish movement and testing the 12-day EMA. Meanwhile, the stochastic indicator is out of the oversold region but above the 20% range indicating that the XRP price is in a bullish momentum and a buy signal.

 

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

Zcash 'Company' Changes Name to 'Zerocoin Electric Coin Company' for More 'Clarity'

The Zcash company, which supports the ongoing development of the Zcash (ZEC) platform, a leading privacy-oriented cryptocurrency, has rebranded to the Electric Coin Company.

According to an official company blog post, the name change from “Zcash company” to “Electric Coin Company” was made in order to have more clarity. Explaining that the “legal name” for the firm was always “the Zerocoin Electric Coin Company, LLC”, the organization clarified that it had been referring to itself as “the Zcash company.”

However, the company’s blog noted that the development of “Zcash” is a community-based project and that some of the privacy coin’s business-related initiatives may involve the Zerocoin Electric Coin commercial entity. Moreover, Zerocoin’s operations are not directly associated with the Zcash Foundation - which in itself is a “separate and independent” organization, according to the z.cash blog post. Notably, the Zcash Foundation has “its own mission, team, and board of directors.”

Rebranding Process: New Domain, Change Office Sign

Acknowledging that it will take the company “a little while to get the new branding right, launch a new domain, and change out the sign at the office”, the company blog mentioned that “the name change is public.” Except for the name change, the entity associated with Zcash explained: 

We are the same team, with the same mission: to empower everyone with economic freedom and opportunity. We developed and help steward Zcash.

Zerocoin's Research & Engineering Projects May Not Be Integrated Into Zcash 

Notably, the Electric Coin Company is currently working on “research and engineering [projects] that may, or may not” be integrated into the Zcash codebase, the blog noted. At present, the Electric Coin team consists of around 30 professionals from across the globe that are involved in the following initiatives:

  • “Product Development and Support”,
  • “Builds Zcash software”,
  • “Participates in cryptographic research”,
  • “Works with third parties to perform regular security audits of Zcash”,
  • “Improves the safety and security of the Zcash network”,
  • “Works on the Zcash user experience, such as the reference wallet” 

Company Website, Social Media Accounts To Be Changed/Updated Soon

In addition to working collaboratively on the initiatives listed above, the Electric Coin company helps in “translating content into different languages”, creates "educational content”, and supports the overall development of the Zcash platform.

As mentioned in the company’s announcement, the Electric Coin company “information will be moved from https://z.cash/ to a new domain with its own website.” Social media accounts associated with the company will also be updated.