Ripple (XRP)

Rosie Rios – 43rd Treasurer of the United States – recently voiced her support for XRP. Meanwhile, she implies that Bitcoin and Ethereum are merely speculative assets by comparison. Rios Backs Ripple The former treasurer tweeted her thoughts yesterday, stating that XRP has a role in facilitating cross-border payments, while the current top cryptocurrencies lack a comparable value proposition. XRP’s primary purpose is facilitating cross border payments while other #Cryptos...

Ripple price started a major decline from the $1.12 resistance against the US dollar. The price is now trading below $1.00 and the 55 simple moving average (4-hours). There is a key bearish trend line forming with resistance near $0.9750 on the 4-hours chart of the XRP/USD pair (data source from Bittrex). The pair could start a steady increase if there is a clear break above $1.00. Ripple price is showing bearish signs below $1.00 against the US Dollar, similar to...

After the relatively positive Saturday, the bears have returned to the market and pushed bitcoin south to below $41k. The alternative coins have also suffered badly, with ETH dropping beneath $2,800. Update: shortly after the first publishing of this market update, Bitcoin managed to recover from the massive dump – which resulted in a current daily low of $40.8k, according to Bitstamp. The primary cryptocurrency saw a decent recovery: In less than one hour, BTC spiked almost...

Portal – a layer two wallet system and cross-chain decentralized exchange centered around bitcoin – has received approximately $8.5 million in new funding from Coinbase, one of the world’s most popular digital currency platforms. Portal works to establish defi products using bitcoin that cannot be censored and enables private cryptocurrency trades. Portal Snags a Lot of Dough In addition to Coinbase, funds came by way of some of the biggest capital venture funds in the...

Yesterday the crypto markets went through another bloodbath initiated once again by China. Bitcoin dumped by $4,000 in minutes but has managed to complete a partial recovery as of now. Most altcoins suffered even more, and some have failed to bounce off decisively, including ETH, which still stands below $3,000. Bitcoin’s Recovery Attempt The past few days were actually going well for the primary cryptocurrency. It had recovered from the sub-$40,000 price drop and added...

Ripple may not be the most beloved company in the crypto-verse, but its perseverance and desire to grow despite setbacks is something to be recognized. RippleX, Ripple’s branch focused on boosting the development of technologies around the XRP Ledger, has recently announced its first wave of XRPL grants, and it is embracing the NFT mania.  According to an official announcement, RippleX distributed $2 million in total value among 25 chosen applicants from 10 different...

Ethereum Ethereum is down a sharp 21% this week as the coin sits beneath $3000. The sell-off started on Monday when ETH slipped beneath the neckline of a head & shoulders pattern and the 50-day MA. Initially, the market found support at $3000 but would continue to fall beneath it on Tuesday to find support at $2770 (.786 Fib Retracement). ETH did rebound on Wednesday and Thursday as it climbed back above $3000. However, it lost another sharp 9% today, causing it to break...

Following a few days of adverse price developments, bitcoin has started to recover some value and currently sits around $45,000. Most altcoins have stalled in the same timeframe, with a few exceptions from Polkadot and Terra. Bitcoin Taps $45K The start of the week was highly damaging for the bitcoin bulls as the price of the cryptocurrency plummeted on Monday from $48,000 to around $43,000 in hours. The situation only worsened in the following two days as BTC dumped by a few...

XRP/USD – Buyers Battling To Reclaim $1. Key Support Levels: $0.95, $0.876, $0.8282.Key Resistance Levels: $1.05, $1.15, $1.25. XRP fell beneath the $1.05 floor on Monday and ended up below $1, and the 200-day MA until support was found at $0.875 (.618 Fib). This level was further bolstered by the 100-day MA level, which allowed XRP to rebound. After this, XRP went on to break the 200-day MA at $0.85 and spike back above $1. Unfortunately, the bulls have still not managed to...

The Royal Monetary Authority (RMA) – Bhutan’s central bank – has joined forces with Ripple to launch a digital version of its national currency. The institution anticipates the initiative to boost the country’s financial inclusion by 85% in the next two years. Ripple and Bhutan Shook Hands The enterprise blockchain provider Ripple announced it would enable Bhutan’s central bank to employ its network to pilot a central bank digital currency: “Today, we are proud to announce...