Ripple (XRP)

The XRP Ledger Foundation, the independent non-profit entity behind the development of the XRP Ledger, has announced the launch of the initial phase of the Token Assessment Framework. It comes following a collaboration with Grant Thornton Baltic, a business advisory service provider. XRPL Foundation’s New Token Assessment Framework According to the official blog post, the main objective of the framework is to provide transparency for investors in the XRP Ledger (XRPL)...

Ripple price is struggling to clear the $0.80 resistance zone against the US dollar. The price is now trading above $0.72 and the 55 simple moving average (4-hours). There is a major bullish trend line forming with support near $0.7450 on the 4-hours chart of the XRP/USD pair (data source from Bittrex). The pair could start a fresh increase unless there is a clear move below the $0.7080 support zone. Ripple price is trading in a bullish zone above $0.7080 against the US...

Over the last 24 hours, XRP holders have been surprised by fundamentally positive news. The Ripple foundation will claim that the SEC had failed to inform that XRP could potentially violate U.S. law. Accordingly, the SEC’s actions to strike Ripple’s fair affirmative defense are denied. The following analysis aims to speculate the price reaction to this news. Technical Analysis by Grizzly The Daily Chart Ripple (XRP) was one of the Altcoins to form higher lows after the crypto...

Ripple’s XRP is one of the few large cryptocurrencies that are not trading flat in the past 24 hours but has, in fact, surged by an impressive 16% before retracing. It appears that the most recent development in the company’s case against the Securities and Exchange Commission is perceived well by market participants. Ripple’s Most Recent Court Win Back in December 2020, the United States Securities and Exchange Commission filed a lawsuit against Ripple. The watchdog alleged...

Bitcoin’s price continues to consolidate and has failed to produce a meaningful and sustained movement in any direction. Meanwhile, Ripple’s XRP is the only altcoin in the top 10 that’s charting a serious increase. Bitcoin Consolidation Continues Over the past 24 hours, Bitcoin’s price failed to produce any meaningful and sustained move in either direction and is pretty much trading right where it was yesterday during this time – at around $39,000. This doesn’t mean that we...

Litecoin is struggling to clear the $110 resistance against the US Dollar. LTC price is now trading below $105 and the 55 simple moving average (4-hours). There was a break above a major bearish trend line with resistance near $106 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase). The pair could start a fresh decline if it fails to stay above the $100 support zone. Litecoin price is struggling below $110 against the US Dollar, similar to bitcoin. LTC...

Key Support level: $0.70, $0.58 Key Resistance levels: $0.86 XRP’s price managed to hold well above the key support at $0.70, and now the lower timeframes such as 4-hours are turning bullish, which can lead to a short relief rally. It is unlikely for the price to reach the key resistance at $0.86, but this is a good sign for bulls. Chart by TradingViewTechnical Indicators Trading Volume: The volume remains low, so it’s best to be careful during any relief rally as it may trap...

Ripple price is struggling to stay above the $0.70 zone against the US dollar. The price is now trading below $0.75 and the 55 simple moving average (4-hours). There is a major bearish trend line forming with resistance near $0.7550 on the 4-hours chart of the XRP/USD pair (data source from Bittrex). The pair could continue to move down if there is a clear move below the $0.7000 support. Ripple price is trading in a bearish zone below $0.8000 against the US Dollar,...

With bitcoin – the world’s number one digital currency by market cap – dropping every two minutes, there are many analysts out there weighing in and giving their thoughts and opinions about where the asset will go. Bitcoin Has Fallen Again There is wide speculation that bitcoin could fall below the $30,000 mark in the coming weeks. Michael Saylor of MicroStrategy fame says: Nation state conflicts create uncertainty, constrain production, weaken currency, cripple trade,...

Key Support level: $0.70, $0.58 Key Resistance levels: $0.86 XRP’s price found good support at $0.70, where buyers managed to hold the selloff from the previous week. Since then, it has stayed above this level but failed to rally much higher, with the key resistance at $0.86 being well-defended by bears. For this reason, XRP continued to move sideways in a flat trend. Chart by TradingViewTechnical Indicators Trading Volume: The volume is decreasing, which is not encouraging...