Ripple (XRP)

Litecoin started a steady increase above $95 against the US Dollar. LTC price is now trading above $95 and the 55 simple moving average (4-hours). There was a break above a key contracting triangle with resistance at $92 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase). The pair remains supported for more gains above the $100 and $105 resistance levels. Litecoin price is showing positive signs above $95 against the US Dollar, similar to bitcoin. LTC...

Ripple’s price has been trapped inside a static range between $0.42 and $0.31 and is struggling to break ou. A consolidation stage within this range could be imminent as the cryptocurrency was recently rejected from a vital resistance level. Technical Analysis By Shayan The Weekly Chart Since 2021, Ripple has been declining, forming a falling wedge pattern on the weekly timeframe. Recently, the price experienced a slight plummet after being rejected from the wedge’s upper...

Ripple price started a fresh decline below the $0.4000 zone against the US dollar. The price is now trading below $0.4000 and the 55 simple moving average (4-hours). There is a key bearish trend line forming with resistance near $0.3820 on the 4-hours chart of the XRP/USD pair (data source from Bittrex). The pair could extend losses if it stays below the $0.4000 resistance zone. Ripple price is struggling below $0.4000 against the US Dollar, similar to bitcoin. XRP price...

The Canadian University of Dubai (CUD) partnered with Binance to enable students to pay their fees in digital currencies. With the recent collaboration, the exchange dived deeper into the local ecosystem. It received a cryptocurrency license from Dubai’s regulators in September last year.  Settling the Semesters in Crypto The world’s leading crypto platform disclosed the partnership on its Twitter account, saying current and future students of the CUD are allowed to settle...

Brad Garlinghouse, the CEO of the blockchain payment company that fights the US SEC in court over the status of XRP, believes there’s a lot of positive news in terms of crypto adoption worldwide. He made these comments following the recent crackdown from the Securities and Exchange Commission against Kraken and its crypto staking services. Step Back and Review Being the world’s largest economy, the actions undertaken by the US, its government, and the local regulatory bodies...

Litecoin started a steady increase above $92 against the US Dollar. LTC price is now trading below $100 and the 55 simple moving average (4-hours). There is a key bullish trend line forming with support near $95 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase). The pair remains supported for more gains above the $100 and $105 resistance levels. Litecoin price is correcting gains from $102 against the US Dollar, similar to bitcoin. LTC price could start...

The US-based cryptocurrency miner TeraWulf produced 157 BTC in January, a 25.6% increase compared to December.  Snow blizzards towards the end of 2022 crippled its operations and increased electricity bills. The weather normalized in January, hence the better production results. Expansion Plans for 2023 TeraWulf boosted its mining activities with an increased number of machinery last month. It received 6,100 miners from Bitmain, bringing the total to 18,000. Additional 15,900...

Ripple’s price has struggled to break the significant descending trendline at $0.42 and is consolidating. However, it now faces the critical support level of the 200-day moving average. Technical Analysis By Shayan The Daily Chart Ripple’s price action has been dull after failing to surpass the $0.42 substantial resistance level, which also aligns with the descending trendline. The price plummeted slightly and reached the 200-day moving average at $0.395. Therefore, the...

Should the United States consider making XRP the reserve currency of the world and buy its entire holding from the market?  Well, this speculative idea floated by Jimmy Vallee, Managing Director of Valhill Capital, in 2021 is once again doing rounds after he talked about it in a recent interview.  But Ripple Lab’s CTO David Schwartz says he has not even looked at it closely.  Sounds Like a Scam The latest to rubbish Vallee’s speculative buyback theory is Ripple’s CTO, David...

Ripple price is facing resistance near the $0.420 level against the US dollar. The price is now trading below $0.410 and the 55 simple moving average (4-hours). There is a key bearish trend line forming with resistance near $0.4110 on the 4-hours chart of the XRP/USD pair (data source from Bittrex). The pair could decline further if there is now move above the $0.4120 resistance. Ripple price is correcting lower from $0.4320 against the US Dollar, similar bitcoin. XRP...