Ripple (XRP)

For nearly two weeks, Ripple has been below its static level at $0.45. The bulls attempted to push the price above it several times, but so far, they have failed. Technical Analysis By Grizzly The Daily Chart On the daily timeframe, XRP saw a 37% recovery below the static level (in blue) after the bulls managed to defend the horizontal support at $0.33 (in green). The MA 20D (in white) has come down to this important level and acts as a price barrier. The cryptocurrency has...

Spending cryptocurrencies such as Bitcoin and Ethereum in shops and restaurants is getting easier by the day. More and more merchants grasp the potential of cryptocurrencies and adopt them in one way or another. Several cryptocurrency debit cards have recently popped up to help businesses offer digital assets as a payment method. Just like any other conventional ones, cryptocurrency debit cards allow you to conduct day-to-day transactions using BTC, ETH, XRP, and other...

Ripple has announced a partnership with Lithuania’s FINCI to provide retail remittances and B2B payments through RippleNet’s On-Demand Liquidity (ODL). Thanks to this partnership, FINCI’s customers can make seamless payments between Europe and Mexico, a PR from Ripple said. Ripple-FINCI Partnership FINCI is an online cross-border money transfer provider, while RippleNet’s ODL provides crypto-enabled international payments. ODL taps into global crypto liquidity to give...

Last week, Ripple closed a red candle of a whopping 42%. The bulls managed to fight back, pushing the price up at the end of the week. Will this be the end of the bearish sentiment in the short term, though? Technical Analysis By Grizzly The Daily Chart On the daily chart, XRP is moving downward in a descending channel (in yellow). Currently, the support zone (in green) at $0.33 has prevented any further price declines. To dominate the market, bulls must be able to keep the...

The market is still in shock due to the deep collapse in recent days. Investors are skeptical, and it remains to be seen when the bulls will return to the market. Technical Analysis By Grizzly The Daily Chart The bears were able to push the price down to critical horizontal support at $0.33. This level has played an essential role for XRP since 2019. Source: TradingViewThe sharp upward trend in 2021 occurred after breaking this level. If the bulls can defend it, one can...

Litecoin started a fresh decline from the $85 resistance against the US Dollar. LTC price is now trading below $75 and the 55 simple moving average (4-hours). There is a key bearish trend line forming with resistance near $66 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase). The pair could accelerate lower towards the $52 and $50 support levels in the near term. Litecoin price is gaining pace below $70 against the US Dollar, similar to bitcoin. LTC...

Ripple price started a fresh decline from the $0.6550 zone against the US dollar. The price is now trading below $0.60 and the 55 simple moving average (4-hours). There is a major bearish trend line forming with resistance near $0.6000 on the 4-hours chart of the XRP/USD pair (data source from Bittrex). The pair could extend declines if there is a clear move below the $0.550 support zone. Ripple price is struggling below $0.6000 against the US Dollar, similar to bitcoin....

Ripple has touched the range between $0.5-0.55 three times over the past year. Now, the bears are trying to bring the price to this range once again, but will support hold the fourth attempt? Technical Analysis Technical Analysis By Grizzly The Daily Chart On the daily timeframe, the bears were able to push the price below the support level at $0.63 and turn it into a horizontal resistance (in red). XRP price continued to drop after the pullback and is now close to the...

The crypto market experienced a sharp drop yesterday, liquidating many long positions. A lot of cryptocurrencies are approaching their long-term support levels, and it remains to be seen how bulls will defend them. Technical Analysis By Grizzly The Daily Chart On a daily time frame, XRP moves down inside a descending channel (in yellow). The intersection point of the channel’s midline with the horizontal support at $0.5 (in green) is a crucial level to monitor. If the bulls...

Leave it to the Fed to say something stupid that ultimately brings down the prices of bitcoin and many of its altcoin cousins. The world’s number one digital currency is now trading for just over $40K at the time of writing after Jerome Powell of the Federal Reserve commented that the agency is looking to hike rates again next month as a way of combating inflation. The Fed Will Hike Rates Again In addition to bitcoin, assets like Ethereum fell by more than five percent,...