Ripple (XRP)

Bitcoin, and the entire cryptocurrency market, saw yet another choppy week where prices failed to recover substantially and continued to struggle. The past seven days didn’t exactly go according to the intentions of bulls as the price of BTC is down about 9%, currently trading around $37,000. It all started last Friday when the price dropped from above $40,000 down to about $35k. In a sequence of choppy actions, the price attempted to take back the important psychological and...

It was another tough week in the cryptocurrency market where almost everything is trading in the red. Here’s how some of the major coins performed over the past seven days: Bitcoin Bitcoin is down by a total of 10.3% over the past seven days of trading as it currently sits around $36,000. The cryptocurrency had spiked as low as $31,185 (downside 1.618 Fib Extension) on Sunday, but the buyers managed to close the daily candle at $34,760 (downside 1.414 Fib Extension). From...

Garlinghouse’s sentiment is shared by Yoshitaka Kitao, CEO of SBI Holdings Inc. He also said that “after the current lawsuit, Ripple will go public.”Despite the ongoing lawsuit filed by the United States Securities and Exchange Commission (SEC) against Ripple Labs Inc, the company’s CEO Brad Garlinghouse remains optimistic about Ripple going for an IPO at some point in the future, once the proceedings conclude.Ripple Labs IPOAt the Consensus 2021 conference organized by CoinDesk, Garlinghouse...

XRP/USD – Bulls Battle To Maintain $1 Key Support Levels: $1.00, $0.9, $0.8282Key Resistance Levels: $1.05, $1.25, $1.32. XRP has rebounded by a total of 61% from Sunday’s low, around $0.62 but is struggling to break $1.05. The cryptocurrency closed Sunday’s daily candle at around $0.8 and started to shoot higher on Monday to reach $1.00. Yesterday, XRP managed to penetrate $1 but failed to overcome resistance at $1.05, provided by a bearish .382 Fib Retracement. Today, XRP...

Litecoin price remains in a bearish zone below $220 and $200 against the US Dollar. LTC price is now trading below the $200 level and the 55 simple moving average (4-hours). There is a crucial bearish trend line forming with resistance near $210 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase). The pair is likely to accelerate lower as long as it is below $200 and $220. Litecoin price is struggling to clear the $200 barrier against the US Dollar,...

According to Ripple, BankDhofar customers will be able to send and receive up to 1,000 rials ($2,600) to accounts in India.Ripple has announced a partnership with Oman bank BankDhofar, and will now deliver the first real-time payments between Oman and Indian citizens using its RippleNet. Customers of the Middle-Eastern bank can now send real-time payments to Pune-based IndusInd accounts as well as connect and benefit from cross-border payments.BankDhofar is Oman’s second-largest bank and the...

It has taken bitcoin five days to recover the most recent losses and jump above $40,000. Most altcoins are well in the green, too, with Ethereum reaching $2,900 and BNB nearing $400. Bitcoin Tops $40K The primary cryptocurrency experienced numerous corrections in the past few weeks. The latest started on Friday following more FUD from China. In a matter of hours, bitcoin fell from $42,000 to a daily low of $34,000. The situation worsened during the weekend, and BTC slumped to...

Ripple has been included in CNBC’s Disruptor 50 as the #38 of most successful private companies this year —primarily due to its innovative approach towards borderless payment technology and becoming one of the largest crypto companies in the world. This year’s CNBC’s Disruptor 50 is the ninth annual list of private companies thriving amidst the pandemic and making innovative approaches in their business models and the fields they’re in. Some of the listed companies include...

XRP/USD – Bulls Bounce Back Above 2020 High Key Support Levels: $0.82, $0.75, $0.65Key Resistance Levels: $0.89, $1.00, $1.05. Like most cryptocurrencies, XRP had a rough week in which it dropped by a steep 41%. It reached a low of $0.62 yesterday but managed to rebound to close the daily candle at around $0.79. The bulk of the weekly price drop occurred on Wednesday when XRP fell from $170 to reach as low as $0.75 (.786 Fib). On that day, it managed to rebound to close the...

Bitcoin chopped downwards today towards $31K, looking to retest local lows made earlier in the week just around the $30K mark, according to Bitstamp. According to data from Bybt, over the past 12 hours the crypto markets saw liquidations of over $1.2 Billion in trader positions. As of writing these lines, BTC price is decreasing 15% over the past 24 hours, whereas major altcoins were hit even harder, with ETH down 21% to a current daily low of $1730, XRP down 24% to $0.65 –...