Ripple (XRP)

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...

XRP’s price has not yet shown any significant strength as it continues its struggle to surpass a critical resistance level over recent weeks. Things are not looking much better against BTC, with a major support level getting broken to the downside. Technical Analysis By: Edris XRP/USDT Daily Chart On the daily chart, the price has been consolidating in a tight range below the $0.43 resistance level for quite a while. The 200-day moving average, located around $0.4, has been...

This week, we take a closer look at Ethereum, Ripple, Cardano, Polygon, and Fantom. Ethereum (ETH) Ethereum, the second-largest cryptocurrency, continued to consolidate this week. The price only registered a 2.9% increase. This is because ETH is stuck in a channel between $1,670 and $1,550.  All attempts to break these levels were rejected in the past two weeks. While some altcoins were booking double digits gains (see Fantom below), Ethereum appears to be on a pause. This...

Litecoin started a strong increase above $95 against the US Dollar. LTC price is now trading above $92 and the 55 simple moving average (4-hours). There is a major bullish trend line forming with support near $92 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase). The pair remains supported for more gains above the $105 and $110 resistance levels. Litecoin price is rising steadily above $90 against the US Dollar, similar to bitcoin. LTC price could...

A New Hampshire district court judge has clarified that a security injunction ruled earlier in the legal battle between the United States Securities and Exchange Commission (SEC) and decentralized content-sharing and publishing platform LBRY applied only to direct sales of the project’s tokens. The ruling came during an appeal hearing on January 30, 2023, settling an agelong debate between the SEC and the crypto community. Judge Clarifies Ruling in LBRY v. SEC Case The court...

Der Ripple CEO Garlinghouse sowie sein Stv. Wallis zusammen mit dem Premierminister von Montenegro. <br /><br />Quelle: Source: Twitter User @DritanAbazovic Im Südosten Europas liegt Montenegro. Mitte Januar wurde bekannt, dass das Land mit der Kryptowährung Ripple eine Partnerschaft eingegangen ist. In den vergangenen Tagen haben sich der Ripple-CEO und der Premierminister von Montenegro getroffen. Bei der Partnerschaft geht es um eine...

Ripple price is moving higher above the $0.400 level against the US dollar. The price is now trading above $0.400 and the 55 simple moving average (4-hours). There is a key bullish trend line forming with support near $0.4120 on the 4-hours chart of the XRP/USD pair (data source from Bittrex). The pair could gain bullish momentum if it clears the $0.4300 resistance zone in the near term. Ripple price is rising steadily above $0.400 against the US Dollar, unlike bitcoin....