Ripple (XRP)

American multinational investment giant – Citigroup Inc. – is reportedly reviewing its partnership with Metaco. The Swiss firm, which specializes in crypto custody for institutional investors, had partnered with Citi a year back to develop and pilot the latter’s digital asset custody capabilities. The latest development comes amidst tumultuous market conditions that have significantly strained the relationships of traditional financial firms that tapped into the digital...

Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000 Sign up Something strange happened towards the latter half of May this year. While bitcoin and Ethereum – two of the largest and most mainstream digital currencies – were taking price dips, altcoins – like XRP (Ripple) and Litecoin – were exploding. Altcoins Rose Last May While BTC Suffered During that time, Litecoin...

The lawsuit between Ripple and the United States Securities and Exchange Commission has taken center stage once again as the agency continues with its predatory approach. Earlier this month, the Commission filed a lawsuit against Coinbase for dealing with unregistered securities, calling out a number of coins for being securities. Interestingly enough, this list didn’t include XRP. Nonetheless, the financial watchdog has demonstrated a clear stance against crypto, and it’s...

Ripple’s price has remained relatively stagnant, displaying minimal fluctuations within a narrow range for the past couple of weeks. However, the BTC-paired chart offers a more intriguing perspective. Technical Analysis By: Edris XRP/USDT Daily Chart: The price of Ripple has been consolidating above the 50-day moving average against USDT, which is located around $0.48, after facing rejection at the $0.6 resistance level once again. A potential breakdown of the 50-day moving...

The case between Ripple and the United States Securities and Exchange Commission rages on. We’ve recently explored how the lawsuit could affect the entire crypto industry, talking to legal experts with interesting commentary on the matter. With that said, let’s have a look at some of the most recent developments as of today – June 27th, 2023. The most recent development came yesterday when the lawyer representing thousands of XRP holders – John E. Deaton – revealed that he...

There’s been a rumor circling cryptocurrency-oriented social media circles throughout the past couple of days, that Ripple is planning to buy back 10 billion XRP tokens, currently worth just shy of $5 billion. The first to question the rumors was John Deaton, a lawyer representing thousands of XRP holders, who said he doesn’t believe it until the company itself confirms it. The rumors were spreading like wildfire, though, as it tends to oftentimes be the case. David Schwartz,...

The move is expected to attract crypto investors who had fled the country following the heavy burdens caused by taxations of unrealized profits. Undeniably, the cryptocurrency and blockchain markets have turned out to be a huge backbone for the development of economic growth prospects in many markets around the world. By now, it is safe to bet that countries have a clear understanding that the cryptocurrency and blockchain industries are here to stay and thus prudent to tap into their...

Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000 Sign up Ripple price is facing resistance near the $0.520 level against the US dollar. The price is now trading above $0.52 and the 55 simple moving average (4 hours). There was a break below a key bullish trend line with support near $0.4910 on the 4-hour chart of the XRP/USD pair (data source from Kraken). The pair...

Prominent Bitcoin proponent and permabull Max Keiser has taken to Twitter to bash Ripple once again. Keiser, who’s also El Salvador’s President Bitcoin advisor, openly bashed Ripple, its CEO Brad Garlinghouse, and the company’s native cryptocurrency – XRP. He admitted that the US Securities and Exchange Commission is overreaching, but he’s also of the opinion that this “won’t stop them from killing off XRP and every other shitcoin.” The only exception, according to Keiser, is...

Ripple’s price has remained stagnant and lacks bullish momentum, as it has been in a consolidation phase for several months. The situation is similar when trading against Bitcoin. Technical Analysis By: Edris XRP/USDT Daily Chart: Ripple’s price faced strong rejection at the $0.6 resistance zone a few weeks ago. Currently, the cryptocurrency is finding support at the $0.49 level, where the 50-day moving average is located. If this level is breached, the next targets would be...