• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer
  • About us
  • Write for us
  • Terms and Conditions
  • Privacy Policy
  • Disclaimer
  • Contact
  • All Posts
  • Advertise

TronWeekly

Crypto World News

  • Home
  • Education
    • Best TRON Wallets
    • Beginner’s guide to TRON
  • Opinion
    • Tron Tokens
    • Market Analysis
  • Industry
    • Tron Exchange
    • Project Review
  • Press Release
  • Advertise
  • About us
    • The Team
    • Editorial Policy
    • Write for us
    • Privacy Policy
    • Disclaimer
    • Terms and Conditions
    • Contact
You are here: Home / Opinion / Market Analysis / Tron vs. Ripple: TRX XRP begin slow and promising upward movements
Ripple Tron

Tron vs. Ripple: TRX XRP begin slow and promising upward movements

July 17, 2019 by Azeez Mustapha

Key Highlights

–    Tron/Ripple market promises to have a turning point, possibly around a major demand zone

–    Watch out for a bullish rally; the buyers are well-positioned to hijack the price and take it to a major supply zone

–    The bull may be under pressure to take the price through to a major supply zone

–    TRX XRP markets are long overdue to go up

Tron Market Statistics

-Market Capitalization: $1,564,290,238

– Trading Volume: $641,425,560

– Major supply zone: 0.020, 0.016, 0.021

Ripple Market Statistics

–    Market Capitalization: $13,618,774,513

–    Trading Volume: $1,907,669,141

–    Major supply zone: 160,180,220

–    Major demand zone: 120,110,100

TRX and Ripple Coin Price Analysis

The market is currently testing a major demand zone at 0.7511, and there is a possibility of the bullish rally to take effect from this zone. However, there are some elements of the bearish market left, but buyers are already deciding to hijack the price from bears for a massive bullish breakout towards a major supply zone at 0.10808. Technically, TRX and XRP are subject to a greater wave of buying pressure should the buyers manage to break the near-term supply zone at 0.09050

TRX XRP DAILY FORECAST July 17, 2019

Chart Indicators Reading

From our analysis and chart, we spotted that a strong bullish reversal candle called “Pin Bar” is currently forming on the daily timeframe and Moving Average is also signaling for uptrend continuation. Therefore, buyers may rely on these two signals to make their trading decision.

General Outlook for Tron versus Ripple

Due to market condition and structure, it is advisable to look out for the bullish signal because the price of TRXXRP shows to have been oversold. The overall trend of this market is bullish for the very long term. But, Ripple looks more favorable pick for investors than Tron today as things stand.

Disclaimer: The presented information is subjected to market conditions and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.

Filed Under: Market Analysis Tagged With: Altcoins, Crypto, Ripple (XRP), TRON (TRX)

Primary Sidebar

Recent Posts

  • Shiba Inu L2 Docs Reveal More Details March 28, 2023
  • Bitcoin, Ethereum Enabled In Burger King Paris: Details March 28, 2023
  • Nvidia’s CTO Skeptical Of Crypto’s Value, Believes AI Is The Future March 28, 2023
  • TRON Founder’s Hong Kong Expansion Plan In Jeopardy? March 28, 2023
  • Binance’s New Blockchain Hub In Georgia: Web3 Education & Job Opportunities  March 28, 2023

Footer

News

  • Altcoin News
  • Bitcoin News
  • Blockchain
  • Tron News
  • World

Digest

  • Meet the Founder
  • Price Winning Article
  • DeFi
  • Cyber Security
  • Crypto Scam

Industry

  • Project Review
  • Technology
  • Fintech
  • Tron Exchange
  • New in Town

Tron Universe

  • Event and Tron Parties
  • New in Town
  • Tron Tokens

Follow Us

Subscribe US

Copyright © 2023 · Tron Weekly. All Rights Reserved. NOTE: Tron Weekly is an independent crypto news site that adheres to the strict journalism policy anchored on transparency, trust, and objectivity, we have no affiliation with the TRON Foundation, its founder Justin Sun or any other cryptocurrency firm.