Ripple (XRP)

Ripple’s price soared by almost 10% today before retracing to where it’s currently trading at. Now, let’s have a look at what this implies and where it might be headed next. Technical Analysis By Edris Ripple’s price has recently risen, leaving investors wondering if a new bullish trend is on the horizon. However, there is still an important resistance level to overcome. The USDT Paired Chart On the USDT paired chart, the price is breaking above both the 50-day and 200-day...

The past seven days were relatively eventful within the cryptocurrency market, especially compared to the previous periods. Almost all of the coins are trading in the green, while the total market capitalization sits at around $1.120 trillion. Bitcoin’s price is currently trading at around 1.1% more compared to where it was this time last week. Clearly, that’s not much of an excitement, isn’t it? Well, the cryptocurrency did have its ups and downs and it seems that we’re...

Litecoin started a downside correction from the $68.40 zone against the US Dollar. LTC price is now trading below $65 and the 55 simple moving average (4 hours). There was a break below a key bullish trend line with support near $65.00 on the 4-hour chart of the LTC/USD pair (data feed from Coinbase). The pair could start a fresh increase if it stays above the $61.75 support. Litecoin price is correcting gains from $68.40 against the US Dollar, like Bitcoin. LTC...

The popular cryptocurrency analyst, going by the X (Twitter) handle EGRAG CRYPTO, presented an XRP chart, according to which the asset could spike to a 5-year high of $2. In the lines below, we will outline the details of the analysis and summarize other predictions from different experts. ‘Brace Yourself for the $2 Range’ EGRAG CRYPTO’s chart depicts five “strategic and profound takeaways” that could help individuals better understand the XRP journey so far. They spoke about...

Chris Larsen – Co-Founder and Executive Chairman of Ripple – applauded the United Kingdom for turning into a financial and technological hub that aids the advancement of different innovations. The ongoing regulatory uncertainty in the United States and the lawsuit between the crypto company and the US SEC have prompted Ripple to expand globally. The UK has been among the destinations with the most open roles. Putting the UK on a Pedestal Larsen retweeted a post by Jeremy...

John E. Deaton – a US attorney who represents thousands of XRP investors in the lawsuit between Ripple and the SEC – criticized the agency for one of its latest moves.  Specifically, the regulator opposed a reorganization plan presented by Coinbase, according to which customers of the now-bankrupt crypto lender Celsius Network could be reimbursed for their losses. The SEC has Turned Into a ‘Threat to Retail Investors’ The leading cryptocurrency exchange Coinbase...

The Seychelles-registered cryptocurrency exchange OKX released its 11th consecutive monthly Proof of Reserves (PoR) report which encompasses 22 commonly used digital assets and shows balances of $11.2 billion in primary assets. OKX is the only crypto exchange that has made it a ritual to publish PoRs for almost a year with which the platform revealed witnessed the engagement of hundreds of thousands of users. OKX’s 11th Proof of Reserves report As per the recently released...

David Schwartz – Chief Technology Officer of Ripple – involved himself in a dispute with the American broadcaster and filmmaker Max Keiser.  The latter described XRP as a “centralized fiat-shitcoin.” In the following lines, we will outline Schwartz’s reaction to that claim and his opinion on other speculations surrounding the blockchain enterprise and its native coin. XRP is Not Designed to Benefit the Elite Holders Schwartz took it to X (Twitter) to counter-attack on the...

John Deaton – an attorney representing thousands of Ripple investors involved in the legal battle against the US Securities Exchange Commission (SEC) – believes the price of bitcoin might thrive next month. Most analysts have recently predicted that BTC could indeed skyrocket in the future, but not before the halving scheduled for the spring of 2024. ‘October is Going to be Nuts’ Deaton retweeted an X post coming from the US lawyer Joe Carlasare. The latter assumed that...

Central Banks around the world are grappling with the difficult task of managing excessive inflation while maintaining economic development. In recent times, Central Banks in the European Union (EU) are facing a triple dilemma that demands delicate balancing acts and strategic decisions following persistent high inflation that is threatening to cripple the economy. The Triple Dilemma Carsten Brzeski, the Global Head of Macro at Dutch bank ING, succinctly sums up the challenge facing...