Ripple (XRP)

Ripple price started a fresh decline from the $0.7500 zone against the US dollar. The price is now trading below $0.7000 and the 55 simple moving average (4-hours). There is a key contracting triangle forming with resistance near $0.6200 on the 4-hours chart of the XRP/USD pair (data source from Bittrex). The pair could start a steady increase if it stays above the $0.5500 support zone. Ripple price is trading in a bearish zone below $0.7000 against the US Dollar, like...

The bears continue to have complete control over the cryptocurrency market with numerous double-digit price losses from almost all assets. This comes just hours after the US stock market dumped in value again. Bitcoin Dumps $8K in Two Days It’s safe to say that the primary cryptocurrency has seen better days. In fact, they weren’t all that long ago as the asset jumped to $43,500 on Thursday following a $1,500 price hike. However, the situation changed vigorously hours later....

Litecoin price failed to climb above $150 and corrected lower against the US Dollar. LTC price is now trading below $140 and the 55 simple moving average (4-hours). There was a break below a key bullish trend line with support near $150 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase). The pair could continue to move down if it stays below the $142 pivot level. Litecoin price is struggling below $142 against the US Dollar, similar to bitcoin. LTC price...

The leading banking service operator in Morocco – Attijariwafa Bank – has reportedly joined RippleNet. The latter is an international cross-border payment network designed by the American blockchain company Ripple. A local report revealed that Attijariwafa Bank had become a member of the RippleNet ecosystem. By joining the crypto world, the Moroccan financial institution has strengthened its position as an innovative banking leader in the North African region. As a result,...

Key Support levels: $0.70 Key Resistance level: $0.85 The momentum was simply not there over the weekend to push the price higher and this led to today’s decline towards the key support at $0.70. The resistance at $0.85 is still far away and XRP appears unable to muster sufficient strength to go higher at this time. Chart by TradingViewTechnical Indicators Trading Volume: The low volume has sucked out the momentum from XRP which appears to suffer a pullback at the time of...

Ripple price started a fresh decline from the $0.8000 zone against the US dollar. The price is now trading below $0.7800 and the 55 simple moving average (4-hours). There was a break above a key bearish trend line with resistance near $0.7600 on the 4-hours chart of the XRP/USD pair (data source from Bittrex). The pair could continue to move down if it stays below the $0.8000 resistance. Ripple price is trading in a bearish zone below $0.8000 against the US Dollar, like...

After yesterday’s drop to sub-$42,000 levels, bitcoin bounced off and spiked to around $43,000. Most altcoins are slightly in the green as well on a daily scale, with BNB nearing $500 and more impressive gains from Litecoin and ATOM. Bitcoin Touches $43K The past several days seemed quite positive for the primary cryptocurrency. The asset had recovered from its dip below $40,000 on Monday and was increasing in value gradually. In just a few days, it added more than $4,000 of...

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Key Support levels: $0.70 Key Resistance level: $0.85 The ABC correction appears to be completed after XRP successfully tested the $0.70 support level earlier this week. Since then, the price has moved higher and is approaching the resistance at $0.85. XRP may retest the key support again before a sustained breakout can take place. At the time of this post, the current movement in price can be interpreted as a relief rally after a sharp correction since that was taking place...

SEC chairman Gary Gensler hit the media headlines by avoiding directly answering whether or not he thinks Ethereum’s native cryptocurrency is a security. Instead, he took the opportunity to reiterate his pitch for a more comprehensive regulatory environment for the crypto sector. Gensler Fails to Clarify Ether’s Stance Gensler not answering the question on Ethereum’s regulatory status highlights the significance of the issue. As an MIT professor in 2018, he had noted that...