Ripple (XRP)

As the world is celebrating Christmas, the primary cryptocurrency has its own private celebration.Two days ago, following Ripple’s SEC lawsuit, it seemed like Bitcoin would rather be testing its prior resistance turned support at $20K before continuing higher. Yesterday’s low was $22,700.However, Bitcoin has its own plans. The BTC price had increased $2,000 over the past two days, surpassing the previous all-time high from last Sunday set at $24,370 (Bitstamp). As of writing these lines,...

The charges pressed by the US Securities and Exchange Commission against Ripple have started an adverse snowball effect on the company and its native token. With the XRP value plummeting in the past few days and some exchanges delisting the asset, Max Keiser asserted that Ripple is the first of many to fall and the SEC’s actions will ultimately benefit bitcoin.XRP And Other ‘Garbage’ Coins Will Be DestroyedEarlier this week, the SEC pressed formal charges against Ripple, alleging the payment...

Following yesterday’s massacre, the cryptocurrency market has begun its Christmas recovery session. Bitcoin is getting towards $24,000, currently trading less than $500 from a new all-time high, while most altcoins have bounced off hard with impressive double-digit increases.Bitcoin Eyes $24,000The primary cryptocurrency went on a roller-coaster in the past few days with several notable price moves resulting in a new all-time high and a subsequent $2,000 drop.This price action had repeated...

Earlier this month, Ripple sold $15 million of its MoneyGram stock while not giving any specific reason behind it.A day after the US Securities and Exchange Commission (SEC) filed a lawsuit on Ripple, its partner MoneyGram issued a statement clarifying its association with the blockchain firm.In a press statement issued on Wednesday, December 23, MoneyGram clarified that it has never used Ripple’s counterparty services like RippleNet or On-Demand Liquidity (ODL). The press statement notes:“As...

The lawsuit is centered around XRP. The SEC described XRP as an unregistered securities offered to investors not only in the United States but also across the globe.Coinbase is reportedly contemplating its relationship with Ripple as the Security and Exchange Commission (SEC) looks to stamp out XRP. Ripple’s native token, XRP, has seen its value slashed into two within the last 24 hours and faces a run down the slope following the lawsuit filed against it by the SEC. The value of the fourth...

XRP/USD – XRP Attempting To Hold $0.255 SupportKey Support Levels: $0.3, $0.286, $0.25.Key Resistance Levels:$0.35, $0.4, $0.435.Yesterday, XRP suffered a disastrous 52% on the news that the company was being sued by the SEC. The coin dropped beneath $0.5 on Tuesday and went on to break beneath $0.4 yesterday to spike as low as $0.215, where it found support at the November 2020 lows.Luckily, the buyers bounced higher from the November 2020 lows to close the daily candle at the $0.255 level....

Digital assets manager Bitwise has liquidated $9.3 million worth of XRP and reinvested in other assets. Hong Kong’s OSL has suspended the asset from its platform. This is done in response to SEC’s lawsuit against Ripple Inc.The US Securities and Exchange Commission (SEC) on Tuesday filed a lawsuit against Ripple Labs and CEO Brad Garlinghouse and Chairman Chris Larsen. The SEC contends that Ripple Labs was in violation of federal securities laws for selling the digital asset XRP to retail...

Bitcoin’s recent rollercoaster continued in the past 24 hours with another $1,000 move before settling around $23,000. However, BTC’s dominance has spiked as the entire altcoin market has bled out, led by Ripple’s continuous drops.Bitcoin’s 24H Wild RideThe past several days have been particularly volatile for the primary cryptocurrency. Just a few days ago, BTC skyrocketed to a new all-time high of $24,300 before getting rejected and dumping by more than $2,000.Bitcoin recovered most losses...

Litecoin price started a steady decline from the $125 resistance zone against the US Dollar.LTC price even declined below the $100.00 level and spiked below the 55 simple moving average (4-hours).There is a major declining channel forming with resistance near $108.00 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase).The pair is likely to find a strong buying interest near the $92.40 and $90.00 levels.Litecoin price is slowly moving lower from well above $110.00 against the US...

After shocking the crypto-verse with what is possibly the most ambitious lawsuit in the history of the U.S. crypto industry (accusing Ripple of issuing unregistered securities for more than $1.3 Billion), today the country’s regulators issued a major statement regarding how they foresee the future of stablecoins and, spoiler alert, the landscape looks heavily regulated.On December 23, 2020, The President’s Working Group on Financial Markets released a statement on critical regulatory issues...