If Judge Phyllis Hamilton will decide that Ripple is breaking the U.S. law with its token offerings, this could tank the 500 billion economy to the bottoms of the cryptocurrency market, after possible panic-sell.On 4 December, Ripple had asked the Chief District Judge Phyllis Hamilton of the Northern District of California to dismiss the case against cryptocurrency. The representatives are saying that the lawsuit sent to court by the angry Ripple investors is not relevant. Because there was a...
Read More »EOS Price Analysis: Correcting Lower But Dips Remain Supported
EOS price rallied recently above the $3.200 and $3.580 resistance levels against the US Dollar.The price traded as high as $4.066 and it is currently correcting lower.There is a major contracting triangle forming with support near $3.350 on the 4-hours chart of the EOS/USD pair (data feed from Coinbase).The pair could decline in the short term, but dips remain well supported near $3.350.EOS price is trading in a nice uptrend above $3.350 against the US Dollar, just like bitcoin. It could...
Read More »Litecoin (LTC) Price Analysis: Bulls Remain In Driver’s Seat
Litecoin price gained a strong bullish momentum after it broke the $48.00 resistance against the US Dollar.LTC price traded towards the $60.00 resistance and it is currently correcting lower.There is a key contracting triangle forming with support near $54.00 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase).The pair remains well supported on the downside near $52.00 and $50.00.Litecoin price is trading in a bullish zone above $50.00 against the US Dollar, similar to bitcoin....
Read More »Ripple’s Partner MoneyGram Expands in India, Will It Affect XRP Price?
Multinational payment remittance platform MoneyGram has announced a partnership with the EbixCash network, to expand Moneygram’s presence in India. The partnership was announced in an official MoneyGram news release published on Monday, Jan. 13.The press release states that EbixCash is a wholly-owned subsidiary of Ebix, Inc. The latter is an international supplier of application software products, based in Atlanta, Georgia. Starting immediately, EbixCash will be exclusively responsible for...
Read More »Crypto Price Analysis January 15: BTC, ETH, EOS, XRP, BSV
Dmitriy Gurkovskiy, a senior analyst at foreign exchange broker RoboForex, shares his insights into the future scenarios for Bitcoin price movement as well as possible price swings of major altcoins.The market may be returning to an uptrend. The Bitcoin demonstrates confident growth, executing a reversal pattern. The aim of the growth may be the area near $12400. Other coins are also trying to rise. The leader here is the Bitcoin SV that has escaped a flat. As a rule, at such moments the...
Read More »Ripple CEO Expects to See More ‘Consolidation’ in FinTech Industry in 2020
XRP gave the crypto community an unexpected gift when it rose by 10 percent on Tuesday. The third biggest cryptocurrency has been sluggish in its movement, barely keeping up with other top cryptocurrencies like Bitcoin (BTC). But in what resembled a rush of adrenaline, XRP astonished crypto investors when it regained strength to take back the $0.244 level. This event is so remarkable because this is the first show of strength XRP has managed to achieve since November ending of 2019.Now that...
Read More »Ripple Price Analysis: XRP Facing Critical Resistance As It Approaches December 2019’s High
XRP sees a 5% price increase today, bringing the cryptocurrency back above the $0.22 level.Against BTC, XRP has dipped lower as it breaks through the 2600 SAT support.The latest price increase is largely due to the fact that Bitcoin surged by over 6% in today’s trading session.Key Support & Resistance LevelsXRP/USDSupport: $0.21, $0.20, $0.1850 Resistance: $0.2283, $0.2345, $0.25.XRP/BTC:Support: 2600 SAT, 2350 SAT, 2455 SAT.Resistance: 2710 SAT, 2800 SAT, 2900 SAT.XRP/USD: XRP Bounces...
Read More »XRP Status Is Unclear, Says CFTC Chairman
XRP status has been classified as unclear. The U.S. Commodities and Futures Trading Commission (CFTC) Chairman Heath Tarbert has indicated. He said this in an interview while trying to clarify the status of different cryptocurrencies. He noted:“It’s unclear. Stay tuned I’d say. Part of the issue is that our jurisdiction we share with the SEC [Securities and Exchange Commission]. If it’s a security, it falls under their jurisdiction. If it’s a commodity, it falls under ours.”CFTC...
Read More »Ripple Price Analysis: XRP Primed For More Upsides Above $0.22
Ripple price is trading in a positive zone above the $0.2000 support against the US dollar.The price is facing hurdles near the $0.2200 and $0.2250 levels.There is a breakout pattern forming with resistance near $0.2175 on the 4-hours chart of the XRP/USD pair (data source from Bittrex).The pair is likely to accelerate gains above the $0.2175 and $0.2200 levels in the near term.Ripple price is trading in an uptrend above $0.2000 against the US Dollar. XRP price could start another rally if it...
Read More »Ripple Consolidates Above $0.21 As Bitcoin Fails To Reclaim $8,300: XRP Price Analysis
XRP continues to hold strong as it trades sideways along with the $0.21 level.Against BTC, it managed to climb back above the 2600 SAT level but the bulls look pretty weak.The RSI remains above the 50 level which shows that the momentum remains in the hands of the bulls at this moment in time.Key Support & Resistance LevelsXRP/USDSupport: $0.21, $0.20, $0.1850 Resistance: $0.22, $0.2283, $0.2345, $0.25.XRP/BTC:Support: 2600 SAT, 2350 SAT, 2455 SAT.Resistance: 2710 SAT, 2800 SAT, 2900...
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