Ripple(XRP), Tron(TRX), & VeChain – Time to Buy?

April-19.pngThe cryptocurrency market is mostly in the green today, as it’s currently nearing its month-long high. Today, we’re looking at three coins that continue to surge: Ripple(XRP), Tron(TRX), and VeChain.

All but five coins on the top 100 are seeing losses this morning, which is great news. There isn’t any major breaking news in the cryptocurrency space today, which is not necessarily a bad thing.

Ripple (XRP)
As you can see, XRP has been on a bit of a bull run this past week. A week ago, Santander announced their launch of Santander One Pay FX. This is the first app that uses Ripple technology for global payments.

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Ripple

The third-largest cryptocurrency soared on reports that exchange Binance is adding US dollar pairs with Ripple seen as one of the most likely beneficiaries. Ripple has now pushed back to the 78.6% Fibonacci retracement of the December – January rally at $0.87 and eyes cluster resistance at $0.95 and the double February high at $1.15. Support is seen at $0.63. Ripple client positioning remains heavily biased to the long side with in excess of 96% of IG retail customers net-long.