Ripple (XRP)

BitcoinBitcoin saw a small 3% price increase over the past seven days as it currently trades around the $9,433 level. The cryptocurrency had started the week off by dropping beneath $9,000 and reaching the support at the rising trend line. Luckily, the buyers managed to defend this support to prevent BTC from slipping into a bearish trend.Bitcoin rebounded from the rising trend line over the past three days as it breached the $9,000 resistance again and continued as high as $9,600. It has...

If you were into Bitcoin and crypto for at least five years, the name Chris Dunn would probably sound familiar to you.The 35 years old Texas boy was one of the first crypto YouTubers. As of writing these lines, his popular channel has more than 200,000 subscribers since its first uploaded video, somewhere in 2013.Personally, I learned a lot about crypto and trading from Chris; that’s why I was eager to interview him for CryptoPotato.In the following interview, Chris Dunn shares his attitude...

XRP dropped by a small 1% today as the coin continues to struggle to find ground above $0.2.The cryptocurrency continues to consolidate in the descending triangle formation as it approaches the apex.Against Bitcoin, XRP dropped by a nasty 3% today, which could be a sign that XRP/USD might fall out of the triangle soon.Key Support & Resistance LevelsXRP/USD:Support: $0.192, $0.18, $0.175.Resistance: $0.207, $0.215, $0.225.XRP/BTC:Support: 2070 SAT, 2050 SAT, 2022 SAT.Resistance: 2100 SAT,...

The past few days have been relatively exciting in the cryptocurrency market. Bitcoin managed to reclaim the $9,000 level but it appears that bulls might be running out of steam. At the same time, despite the fluctuations in its price, large-cap altcoins failed to make any serious advances as most of them remain more or less break even against Bitcoin.Bitcoin Struggles Above $9,000Bitcoin has been playing with the $9,000 area quite a bit in the last few days. Yesterday, the cryptocurrency...

Litecoin price found support near $41.50 and it is currently correcting higher against the US Dollar.LTC price is likely to face a lot of hurdles on the upside near $44.50 and $45.00.There is a major bearish trend line forming with resistance near $45.20 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase).The pair could struggle to clear the $45.00 resistance, above which it might rally to $48.80.Litecoin price is showing signs of an upside correction against the US Dollar,...

Through a series of tweets Ripple CEO, Brad Garlinghouse, urged the U.S. regulators to swiftly step up and lean into digital currencies to keep the dollar market dominance high, citing the Chinese quest to develop its central bank-backed digital currency.Ripple CEO Brad Garlinghouse went to his Twitter page to highlight some of his recent findings on the financial global trend. According to Garlinghouse, the system that most financial institutions are using is outdated and adopting advanced...

XRP dropped by a small 1.5% over the past 24 hours as it falls back into the $0.192 support.The cryptocurrency has now formed a very acute descending triangle formation.Against Bitcoin, the XRP recovery continues but is finding some resistance at the 2200 SAT level.Key Support & Resistance LevelsXRP/USD:Support: $0.192, $0.18, $0.175.Resistance: $0.207, $0.215, $0.225.XRP/BTC:Support: 2150 SAT, 2100 SAT, 2070 SAT.Resistance: 2200 SAT, 2300 SAT, 2360 SAT.XRP/USD – XRP Forms Acute...

U.S.-Mexico remittances are tilting towards the crypto space. This comes as Ripple indicates that XRP transfers account for about 10% of these cash flows.U.S.-Mexico remittance has achieved a new milestone. Ripple‘s XRP now accounts for about 10% of the remittance cash flows to Mexico from the U.S. The head of developer relations Warren Anderson indicated this at the virtual reimagine 2020 conference. Those flows went through Ripple’s ODL platform.Anderson said:“So US-Mexico is one of the...

Ripple’s Xumm banking app that will be soon available for mass adoption is more than an ordinary digital asset wallet as it offers a wide array of functionalities both to retailers and developers.In its pace to widen and strengthen XRP utility, Ripple Labs announced that its Xumm banking app will soon be ready for mass adoption. After releasing the XRP first-quarter report, Ripple announced that it will significantly cut its periodic XRP sales to focus on the asset utility. True to its word,...

National carrier Lufthansa will receive a 9 billion Euro coronavirus palliative from the German government to help cushion the economic impacts of the novel pandemic.It is no news that the coronavirus pandemic has a catastrophic impact on businesses worldwide particularly on airlines and travel agencies. Since the virus became endemic, as announced by the WHO in January 2020, almost all world governments closed down their borders with widespread restrictions in travels. As the world grapples...