Ripple (XRP)

The past seven days turned into a bloodbath across the entire cryptocurrency market, which dropped below $1 trillion in terms of total capitalization. This happens for the first time since January 14th. The decline comes on the back of a lot of negative macroeconomic developments, so let’s unpack. First things first, Bitcoin’s price is trading around $20,000, albeit slightly below it at the time of this writing. The intraday low sits at $19,549 on Binance and BTC is down...

This week, we take a closer look at Ethereum, Ripple, Cardano, Dogecoin, and Polygon. Ethereum (ETH) The overall market has turned red, and ETH’s price has lost 15% in the past week. With support broken to the downside, Ethereum is struggling to find its footing and could go to $1,300, where the next key support is found. The news that Ethereum could be considered a security is another blow that may intensify the current bearish momentum. As the pressure is building up,...

Following an extended period of uncertainty and consolidation, XRP has approached the narrow range of its multi-month triangle. The mid-term outlook of XRP will be determined by a breakout from this triangle, while the current price action suggests a bearish trend. Technical Analysis By Shayan The Daily Chart On the daily timeframe, XRP has been forming a symmetrical triangle pattern and has now reached the narrow range of the triangle. However, the cryptocurrency was...

Ripple price started a fresh decline from the $0.3850 zone against the US dollar. The price is now trading below $0.3750 and the 55 simple moving average (4-hours). There is a key bearish trend line forming with resistance near $0.3700 on the 4-hours chart of the XRP/USD pair (data source from Bittrex). The pair could extend losses if it stays below the $0.3800 resistance zone. Ripple price is struggling below $0.3800 against the US Dollar, similar to bitcoin. XRP price...

A joint study conducted by Ripple and the Faster Payments Council (FPC) estimated that more than half of the surveyed leaders of payment firms think most merchants will accept cryptocurrencies as a settlement method within one to three years.  Almost every participant suggests that blockchain technology will enable faster financial transactions in the near future. Crypto Could Transform Cross-Border Payments More than half of the 300 respondents think global merchants will...

Bitcoin’s massive crash on Friday drove it south to just under $22,000 to mark its lowest price tag since February 14. The altcoins experienced similar enhanced volatility, but most have calmed since then. Ripple’s XRP and EOS are among the few alts with notable gains. Bitcoin Slipped Below $22K Despite the rising volatility at the end of February, bitcoin managed to close the month with a slight increase and stood at around $23,000. The first few days of March saw a price...

Brad Garlinghouse – Chief Executive Officer of Ripple – thinks the US is already lagging behind other nations in crypto because of regulatory uncertainty. He compared the technology’s potential to the Internet, highlighting America’s decision to embrace it in the 1990s, although its merits were relatively unknown at the time. The US is Now Catching up In a recent interview for Bloomberg, Garlinghouse argued that countries like Australia, Japan, Singapore, the UK, and...

Ripple’s price has been declining over the last few weeks, with two significant moving average lines broken to the downside. The price could drop deeper in the coming days, as things are not looking good from a technical analysis aspect. Technical Analysis By: Edris XRP/USDT Daily Chart Looking at the USDT chart, the price has been rejected from the significant $0.43 area and has broken both the 50-day and 200-day moving average lines to the downside, which are both located...

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Litecoin started a steady increase above $92 against the US Dollar. LTC price is now trading above $94 and the 55 simple moving average (4-hours). There was a break above a key bearish trend line with resistance at $94 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase). The pair could gain bullish momentum if it clears the $98 and $100 resistance levels. Litecoin price is showing positive signs above $94 against the US Dollar, similar to bitcoin. LTC...