Ripple (XRP)

Hey Krypto Fans, willkommen zur Bitcoin-Informant Show Nr. 842. Heute sprechen wir über folgende Themen: 6 Billionen Stimulus Paket in den USA, China einen Schritt näher an digitaler Währung dank der Krise & XRP – Nach dem Dump ist vor dem Dump. 1.) The White House’s $6 trillion stimulus package is astronomically bullish for Bitcoin; here’s whyhttps://cryptoslate.com/the-white-houses-6-trillion-stimulus-package-is-astronomically-bullish-for-bitcoin/ 2.) Turning A...

The latest break below the three-month support could send Ripple to 2000 SAT level against BitcoinRipple needs to climb above the triangle’s resistance ($0.173) before considering a strong bullish price action.Across trading pairs, XRP failed to maintain correlation following the recent crash as price now moves in the opposite direction.XRP/USD: Ripple Looking For BreakoutKey Resistance Levels: $0.173, $0.214Key Support Levels: $0.141, $0.11XRP/USD. Source: TradingViewAfter recovering nicely...

Amid the latest price developments in the cryptocurrency market, Bitcoin’s dominance has increased to over 66%. Most alternative coins are in the red when compared to BTC’s 13% surge in the past 24 hours.BTC Dominance RisesBTC’s dominance index tracks the relative share of Bitcoin in the entire cryptocurrency market. During the numerous cycles over the years, it had swung from above 95% in the early years to below 33% in January 2018.The extreme levels of volatility in the past few weeks also...

The Bank of China went to the WeChat platform to highlight its concerns about Bitcoin. In a long post titled “3.15 protection of financial consumption rights and interest”, the bank warns the public on the risks of investing in Bitcoin.In a series of posts on WeChat, the Bank of China vehemently disqualified claims that Bitcoin can be classified as a safe haven, due to its high volatility especially in this period of coronavirus outbreak. The post which was titled, ‘3.15 protection of...

Ripple’s XRP is not suitable for Mexican remittances, but it might be a good solution in the African market where Intermex has recently expanded. In February, we reported about Ripple‘s collaboration with Intermex (International Money Express, Inc), provider of remittance services to Latin America and the Caribbean corridor. Within the partnership, Intermex was to use Ripple’s On-Demand Liquidity (ODL) through RippleNet and “enable faster cross-border payments between the U.S. and Mexico.”...

In 2019, MoneyGram has received $11.3 million worth of XRP, $8.9 million in the fourth quarter only. In 2020, this number seems to be increased.Recently, money transfer company MoneyGram has released its 2019 annual report. According to MoneyGram, it has sold $11.3 million worth of XRP received as a result of its commercial partnership with Ripple.As MoneyGram has revealed in its filing to the SEC, its loss in the fourth quarter of 2019 has totaled $11.9 million. However, the company assured...

Ripple price is currently struggling to clear the $0.1650 and $0.1700 resistance levels against the US dollar.The price is now trading below $0.1550 and it is likely to extend its decline.There is a key bearish trend line forming with resistance near $0.1600 on the 4-hours chart of the XRP/USD pair (data source from Bittrex).The pair could only surge higher if there is a clear break above the $0.1600 and $0.1700 levels.Ripple price is trading in a bearish zone below $0.1700 against the US...

XRP witnessed a small increase of 2.5% over the past 24 hours as it trades marginally below $0.16.The cryptocurrency fell from a high of $0.19 recently but managed to stay above $0.157 over the past two days.Against Bitcoin, XRP continues to struggle as the buyers try to keep it above 2525 SAT support.Key Support & Resistance LevelsXRP/USD:Support: $0.15, $0.14, $0.136.Resistance: $0.161, $0.171, $0.182.XRP/BTC:Support: 2525 SAT, 2500 SAT, 2455 SAT.Resistance: 2600 SAT, 2710 SAT, 2750...

Bitcoin is currently trading in the mid-$6,000 range. While it had expanded all the way to $6,800 during today’s early morning hours, it appears to have settled down a bit and taken a comfortable seat at around $6,400 during the time of writing.Bitcoin Has Seemingly Recovered SomewhatBitcoin is not alone in its present ascension. The currency is joined by the likes of Ethereum, Ripple and bitcoin cash, all of which have spiked by as much as 22 percent in the last 48 hours. The crypto downfall...

Italian bank Banca Sella is now offering its 1.2 million customers the ability to trade Bitcoin through their accounts, using a platform called Hype platform.An Italian bank Banca Sella has come to the rescue of the local people to offer a Bitcoin trading platform, as Italy struggles to contain the contagious coronavirus. According to a statement by the bank, it will now provide its 1.2 million customers with a platform to trade Bitcoins with their available balances. Banca Sella has named...