XRP Price Analysis – February 14

  • The crypto continues its range at the low of $0.30 after the downward correction.
  • A price breakout will enable the bulls to take price to the highs of $0.33 and $0.40.
  • A price breakdown will depreciate the crypto to find support at the lows of $0.28 and $0.29.

Ripple, XRPUSDXRP Chart By Trading View

XRPUSD Medium-term Trend: Ranging

  • Resistance Levels: $0.56, $0.58, $ 0.60
  • Support Levels: $0.29, $0.27, $0.25

The XRPUSD pair is still trading at the $0.30 price level after the downward correction. On February 12, the bulls were making attempt to complete the breaking of the 12-day EMA and the 26-day EMA but the bulls failed. On February 11, the crypto’s price completed the downward trend correction.

Then followed by the appearance of small body candlesticks like the Doji and spinning tops which are above the 12-day EMA. These small body candlesticks describe the indecision of buyers and sellers at the $0.30 price level. On the upside, if the crypto’s price has a price breakout the bulls are likely to take price to the highs of $0.33 and $0.40.

On the downside, if the crypto’s price has a price breakdown, the crypto will find support at the lows of $0.28 and $0.29. Meanwhile, the Relative Strength Index period 14 is level 43 which indicates that price is in a sideways trend.

XRPUSD Short-term Trend: Ranging

Ripple, XRPUSDXRP Chart By Trading View

On the 4-hour chart, the XRP price was in a sideways trend zone. The 12-day EMA and the 26-day EMA are trending horizontally indicating the sideways trend. The crypto’s price has been fluctuating below and above the 12-day EMA and the 26-day EMA. The price bars are below the EMAs indicating the lows of $0.30 arising from the daily trading of the cryptocurrency.

Meanwhile, the stochastic is below the 40 % range which indicates that the XRP price is in a bearish momentum and a sell 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.

Quantitative Bitcoin Analyst PlanB Explains Why His Identity Remains a Secret

Michael LaVere
  • Quantitative crypto analyst PlanB keeps his identity a secret to avoid interfering with his employment at an institutional investor.
  • PlanB gained prominence for being the first analyst to apply the stock-to-flow (S2F) model to bitcoin. 

The anonymous crypto analyst PlanB has revealed why he keeps his identity a mystery. 

PlanB, who gained prominence on Twitter and Medium for being the first analyst to apply the stock-to-flow (S2F) model to bitcoin, said he keeps his true identity a secret in order to avoid interfering with his day job. 

Speaking in an interview with In Gold We Trust, the quantitative analyst said, 

I am both an analyst and investor at an investment office of a large institutional investor in the Netherlands. As a team we invest USD 50+ billion AUM. My main focus is on mortgages, loans, and structured finance. I do not want my employer to have any negative consequences from my Bitcoin ‘hobby’. Also, I consider it good operational security to remain anonymous.

PlanB continued, explaining he has no interest in becoming a public figure and does not intend to reveal his identity any time soon. 

He also refuted several criticisms against the application of stock-to-flow to bitcoin, which evaluates the injection of new BTC into the market relative to the total circulating supply. 

He said, 

People that use the demand argument probably don’t have a statistics or investing background. The argument is theoretically right (price is a function of supply and demand) but there are a lot of famous pricing models that do not use demand – or supply – as input and still give good predictions.

PlanB said strict adherence to the overall demand for bitcoin, which does not apply in S2F, is an argument based on “ignorance.”

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