At 12:03 PM UTC, the cryptocurrency market looks stable looking at the last one hour picture. In fact, most of the cryptocurrencies have had a gain in the last one hour and it looks green in this respect. Bitcoin’s price has gone up in the last one hour by a margin of 0.22% and at 12:09 PM UTC, the Coin was seen to be trading at $8101.64. The coin had not yet reversed the loss incurred to it earlier during the drop.

Ripple is on a bullish momentum as it gained over 39% in the last 7 days and 2.17% in the last one hour. The coin is currently priced at $0.689 and looking to break the $0.70 mark. Stellar [XLM] is the biggest gainer in the last one month’s statistics and it amounts to 60.42%. This is followed by Cardano [ADA]’s gain of 58.96% in the last one month. Bitcoin dominance had reached 41.0% at the time of writing.

Our sentiment analysis segment comprises of sentiments of people from around the world including expert opinions of people about the current market trends and the possible outcomes of the coins. This segment is carefully structured to ensure that our readers get a wholesome picture. The sentiments were taken after interviewing a group of investors, miners, skeptics, analysts, influencers, and their valuable comments are recorded as it is. This analysis is focused on Ripple [XRP], which is currently ranked at the 3rd spot.

Ripple [XRP]

At 12:23 PM UTC, Ripple was seen to be trading at $0.684 with a market capitalization of $26.796 billion. The 24-hour volume of the coin was seen to be $458.488 million. The support for the coin is found to be at $0.64 and the price is well above the support. Right now the coin seen to be consolidating above the support and a bullish breakout above the $0.69 mark or a bearish breakout below the $0.64 can be expected. The coin was seen to be trading at $0.672 before it dropped down to $0.647 which is the recent low for the coin. It went back up to the $0.67 mark and reversed the loss. Analysts are of the opinion that above the $0.68 level, the prices may look to move beyond the resistance levels.

Jacob Robinson, a Ripple investor from Nevada says:

“The coin is experiencing a selling pressure across the major exchanges and the RSI is headed towards an overbought position. If the coin remains in this position for some more time, a break over the $0.69 mark can be expected. The MACD indicators on the four hour chart is about to cross which signals a bullish trend.”

Jeremy Pulver, a financial advisor from Lucca says:

“The price may be seen to test the support for some time but it will breakout in to a bullish trend. The targets set for the coin are above the $1 mark and looking at the coin’s performance, the chances are that the coin may reach the mark within no time. The bulls will crush the price action against the current uptrend.”

Mitchell Adams, a miner from Gosford says:

“I go with the bulls in this case as the Bollinger Bands and squeezing in. The MACD indicates a Bullish trend and the coin may breakout soon. The trend lines also indicate a bullish momentum. Look to buy the coin at $0.65 because after this point you may never see it at that mark again.”

To conclude, 77% of Ripple respondents are of the opinion that the coin will have a bullish breakout soon which will not be reversed any time soon. Another 23% of Ripple respondents do not feel like ignoring the bearish signs given by some of the analysts. They feel that the $0.64 mark is very crucial for the coin.

The post Ripple [XRP], revealing its hidden potentials? – Sentiment Analysis – April 18 appeared first on AMBCrypto.