Ripples price has been sinking over the last few months following a clear rejection from a key resistance level. It is currently within a decisive area, and the outcome would likely determine the mid-term trend of the market. Technical Analysis By: Edris XRP/USDT Daily Chart The price has been making lower highs and lows recently, following the significant rally in early May. The bearish reversal at the $0.6 area has initiated the current downtrend, but the cryptocurrency is...
Read More »Ripple Price Analysis: XRP Could Face Hurdles Near 0.45
Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000 Sign up Ripple price started a fresh decline from the $0.470 zone against the US dollar. The price is now trading below $0.450 and the 55 simple moving average (4 hours). There is a major bearish trend line forming with resistance near $0.440 on the 4-hour chart of the XRP/USD pair (data source from Bittrex). The pair...
Read More »XRP Tumbles 8% Weekly but is a Crash Below $0.4 Imminent? (Ripple Price Analysis)
Ripple’s price is currently hovering near a crucial support region which consists of both the 200-day moving average and the $0.41 price zone. A breach below this critical level could potentially trigger a significant downturn toward the descending trendline. Technical Analysis By Shayan The Daily Chart On the daily chart, it’s apparent that after the recent weeks of rejection, the price has arrived at a strong support area at the 200-day moving average of $0.41. Considering...
Read More »Crypto Price Analysis May-12: ETH, XRP, ADA, PEPE, and DOGE
This week, we take a closer look at Ethereum, Ripple, Cardano, Pepe, and Dogecoin. Ethereum (ETH) With the market in the red, Ethereum has fallen by 7.4% this week. In the process, the key level at $1,800 has turned into a resistance. This highlights a major change in the structure and puts bears in control of the price action. The momentum has turned bearish, and a test of the key support at $1,660 appears likely in the coming week. This becomes increasingly so if Bitcoin...
Read More »Wie unterscheidet sich Bitcoin von anderen Kryptowährungen?
Sicherheitsmassnahmen beim Handel mit Kryptowährungen Bitcoin war die erste Kryptowährung, die jemals erstellt wurde, aber heute gibt es Hunderte von anderen Kryptowährungen auf dem Markt. Wie unterscheidet sich Bitcoin von diesen anderen Währungen und warum ist es immer noch die beliebteste Kryptowährung? Einer der Hauptunterschiede zwischen Bitcoin und anderen Kryptowährungen ist die Art und Weise, wie sie erstellt werden. Bitcoin wird durch einen...
Read More »Ripple Crashes 8.5% Weekly, Will $0.4 Hold? (XRP Price Analysis)
After Ripple’s sudden decline, the price fell below the 100-day moving average. However, it has now reached the critical support level of the 200-day moving average at $0.41, and the bears might just be getting started. Technical Analysis By Shayan The Daily Chart Following Ripple’s rejection from the $0.58 resistance level on the daily chart, the price experienced a massive decline, dropping below the 100-day moving average. However, the cryptocurrency has found substantial...
Read More »Ripple to Expand to Dubai, Says CEO Brad Garlinghouse
Ripple is opening an office in the heart of Dubai International Financial Centre (DIFC) and acquiring Swell Global 2023. Ripple, one of the most popular cryptocurrency firms, has announced its expansion in other countries. The company is all set to expand to Dubai, according to Chief Executive Officer Brad Garlinghouse. Garlinghouse also disclosed the development at the Dubai Fintech Summit that is happening today and talked passionately about the customer base in the Middle East....
Read More »Ripple CEO Brad Garlinghouse Reveals Legal Cost of Fighting SEC at Dubai Fintech Summit
Garlinghouse expects the Judge to issue a summary ruling on the SEC vs Ripple case before the end of this year. The SEC vs Ripple Labs lawsuit is slated to be one of the largest legal fights for blockchain and cryptocurrency development in the United States for the next decades. Already, hundreds of projects on Ethereum using the ERC-20 standard, and other Layer One blockchains that undertook initial coin offerings (ICO) in the United States are eagerly waiting for the final ruling by...
Read More »Ripple Price Analysis: XRP Turns Red and At Risk Below $0.45
Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000 Sign up Ripple price started a fresh decline from the $0.484 zone against the US dollar. The price is now trading below $0.465 and the 55 simple moving average (4 hours). There is a key bearish trend line forming with resistance near $0.456 on the 4-hour chart of the XRP/USD pair (data source from Bittrex). The pair...
Read More »Could Ripple End Up Being Labeled a Commodity?
Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000 Sign up Not long ago, it was announced that the Commodity Futures Trading Commission (CFTC) had filed a lawsuit against Binance, the biggest and most popular digital currency trading platform in the world. There are many Ripple fans out there who are concerned that the suit could have drastic effects on XRP, the...
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