Ripple (XRP)

[Featured Content]The field of decentralized finance (DeFi) is booming over the past year. There are hundreds of decentralized apps (dApps) built on top of a multitude of networks, with the predominant currently being Ethereum.In fact, the industry has expanded so much that it’s even hard to comprehend the magnitude. Last year at around this time, there were less than $600 million locked in various DeFi protocols, where the total TVL right now is around $40 billion. There’s a clear demand for...

After another unsuccessful attempt to decisively overcome the $50,000 price mark, Bitcoin has fallen to $49,000 again. Altcoins, which showed brief signs of recovery yesterday, have dropped again, with Ethereum beneath $1,600 and BNB back to $240.Bitcoin Drops Below $50,000 AgainThe past several days didn’t go well for the bitcoin bulls as the cryptocurrency plummeted by more than $13,000 in about a day or so at the start of the week. They attempted a rapid recovery, which drove the...

Litecoin price started a sharp downside correction from the $250 resistance against the US Dollar. LTC price is now trading well below $200 and the 55 simple moving average (4-hours). There is a key contracting triangle forming with resistance near $188 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase). The pair must clear the $190 and $200 resistance level for more upsides in the near term. Litecoin price is consolidating losses below $200 against the...

XRP/USD – Bears Starting To Retake ControlKey Support Levels: $0.45, $0.4, $0.36.Key Resistance Levels: $0.5, $0.556, $0.6.XRP had seen an interesting few days this week as it surged as high as $0.685 (1.272 Fib Extension) on Monday when the rest of the market was tumbling. By the end of the day, XRP had dropped back into the $0.56 level to close the daily candle.Yesterday, XRP saw a steep downturn as it dropped beneath $0.5 to reach as low as $0.36. The bulls quickly regrouped and allowed...

Cryptocurrency market looks very optimistic amid statements from the FED Chair Mr. Powell on the development of the Digital Dollar. After yet another Red day experienced on Monday, February 22, Bitcoin and altcoins seem to retrace from their new dips and recover losses.While some leave the market with a pessimistic pulsebeat, others find new opportunities and claim that the crash was normal and the World should buckle up for the new bullish cycle. As the bullish cycle is already knocking on...

Money transfer giant MoneyGram is suspending its partnership deal with Ripple, following the ongoing legal battle between the latter and the US Securities and Exchange Commission (SEC).MoneyGram announced the news of the suspension in its Q4 and full-year 2020 financial results published on Monday (Feb. 22, 2021). As part of its Q1 2021 outlook, the company said:“In addition, the Company is not planning for any benefit from Ripple market development fees in the first quarter. Due to the...

Ripple has registered its business in Wyoming under the name Ripple Markets WY LLC.Ripple, which has not posted much exciting news this year, has recently given the community good news by opening a new company in Wyoming. As per the Wyoming Secretary of State records, the blockchain-based payment company Ripple significantly planned the Wyoming business’s opening as part of their strategy to spread their wings across local communities.Looking at the Wyoming Secretary of State records, the new...

Ripple, the company behind one of the world’s largest cryptocurrencies, XRP, has registered an entity in the state of Wyoming. This follows a clash between the company and the United States Securities and Exchange Commission (SEC). Nevertheless, the price for XRP has surged by about 15% today after Caitlin Long broke the news on Twitter.Ripple Goes to WyomingWyoming is one of the states in the US which is known for its hard work towards creating a friendly cryptocurrency regulation framework....

Ripple price failed to extend gains above the $0.5800 resistance level against the US dollar.The price is now trading well below the $0.5500 zone and the 55 simple moving average (4-hours).There is a key bearish trend line forming with resistance near $0.5550 on the 4-hours chart of the XRP/USD pair (data source from Bittrex).The pair is likely to continue lower towards the main $0.4650 support zone in the near term.Ripple price is struggling to settle above $0.5200 against the US Dollar. XRP...

The cryptocurrency market is well-known for its intense price fluctuations, and the past 24 hours provided more proof. With BTC and most altcoins charting double-digit moves in both directions, this resulted in $1.74 billion liquidated on exchanges.The primary cryptocurrency had just painted a new all-time high (at the time) of about $57,600 before a vigorous correction drove the asset down to a low of $54,000 in a matter of minutes yesterday. BTCUSD. Source: TradingViewAs it typically...