Ripple (XRP)

A former chairman of the Commodity Futures Trading Commission – Chris Giancarlo – has come to the defense of Ripple and claimed that it is not a security.Chris Giancarlo: Leave XRP AloneRipple has been at the center of a controversial class-action lawsuit for many months, now. Several early investors claim that the company has lied about the currency’s status as a non-security. One investor has even gone so far as to claim that Ripple is a never-ending initial coin offering (ICO).To be fair,...

BitcoinBitcoin saw a period of sideways movement over the past week as it dropped by a small 0.5%. The cryptocurrency has pretty much traded between $9,600 and $9,200 over the past seven days as it remains above the rising trend line support.So long as BTC can continue above this rising trend line, the bullish trend would be intact.Looking ahead, if the buyers push above $9,600, the first two levels of resistance lie at $9,815 and $10,000. Above this, additional resistance is found at $10,226...

It looks like Ripple (XRP) could be about to expand again.Ripple Heading to Brazil?The world’s third-largest cryptocurrency by market cap announced that it is now looking to expand into Brazil, which has become one of the largest digital asset havens over the past year and arguably one of the biggest regions for cryptocurrency in Latin America. The company’s head of global banking revealed in an interview during early June that executives are convinced that offering services to Brazil will...

As part of its expansion of global customer-base, Ripple Labs has added five new clients to its RippleNet Cloud solutions which give banks and financial institutions a possibility to offer payment services using the RippleNet network.San Francisco-based blockchain startup Ripple has added five new clients to its cross-border payments network – RippleNet. The company said that all five clients will be using its newly-released cloud-based platform RippleNet Cloud. The RippleNet Cloud is also...

Litecoin price started a major decline from well above the $48.00 level against the US Dollar.LTC price traded as low as $41.76 and it is currently correcting higher.There are two bearish trend lines forming with resistance near $44.50 and $45.00 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase).The pair is likely to face a strong selling interest if it recovers towards the $45.00 resistance.Litecoin price is holding the $42.00 support area and recovering against the US...

Chris Giancarlo, who as a CFTC chairman decreed that both Bitcoin and Ether were not securities, has argued the same for XRP.Chris Giancarlo, American attorney and former business executive who served as 13th chairman of the United States Commodity Futures Trading Commission wrote recently in the International Financial Law Review that XRP, the cryptocurrency formally known as “ripple,” is not a security. That would be great news for Ripple – if he still was a regulator. But he isn’t.However,...

XRP saw a 2.7% price increase today as it attempts to reclaim $0.2.The cryptocurrency remains within the confines of a descending triangle formation.Against Bitcoin, XRP rebounded from the support at 2022 SAT to reach the current 2074 SAT level.Key Support & Resistance LevelsXRP/USD:Support: $0.192, $0.187, $0.18.Resistance: $0.20, $0.207, $0.22XRP/BTC:Support: 2022 SAT, 2000 SAT, 1950 SAT.Resistance: 2100 SAT, 2200 SAT, 2360 SAT.XRP/USD: XRP Triangle Re-EmergesXRP can still be considered...

A recent survey compiled by the cryptocurrency exchange BitMax indicates that the Japanese are quite fond of Ripple (XRP). Having to choose which their favorite digital asset is, most participants placed XRP close to Bitcoin and well above Ethereum.Japan Adores Ripple (XRP)The popular Japanese exchange posted the survey on Twitter to check among its followers which are their most preferred cryptocurrencies.BitMax Cryptocurrency Survey. Source: BitMaxSomewhat expectedly, the largest...

XRP dropped by a total of 8% over the past week as the coin fell to the $0.183 level.This weekly price decrease has caused XRP to plunge beneath the descending triangle pattern that it was trading within.Against Bitcoin, XRP penetrated beneath the 2070 SAT support as the buyers battle to defend 2022 SAT.Key Support & Resistance LevelsXRP/USD:Support: $0.175, $0.171, $0.157.Resistance: $0.187, $0.192, $0.2.XRP/BTC:Support: 2022 SAT, 2000 SAT, 1950 SAT.Resistance: 2071 SAT, 2100 SAT, 2200...

Ripple price is trading in a bearish zone below the $0.1945 resistance zone against the US dollar.The price failed to correct above $0.1945 and it is now trading near the $0.1850 support.There are two bearish trend lines forming with resistance near $0.1920 and $0.1960 on the 4-hours chart of the XRP/USD pair (data source from Bittrex).The pair remains at a risk of more losses below the $0.1850 and $0.1820 support levels.Ripple price is under pressure and trading well below $0.1920 against...