Tag Archives: Ripple (XRP) Price

Ethereum Ethereum is up a solid 9% today as the cryptocurrency surges past $3000 again. The coin has now broken the upper boundary of the previous range that it was trading inside over the past fortnight. The range was between $3150 and $2800 and Ethereum bounced from the lower boundary on Wednesday, where it found support at the 100-day MA. Since then, ETH managed to break the September descending trend line and head back above the 20-day MA. Looking ahead, the first...

XRP/USD – Bulls Continue To Defend 100-day MA. Key Support Levels: $0.875, $0.8282, $0.8.Key Resistance Levels: $0.95, $1.0, $1.05. XRP might be beneath the crucial $1 level but is doing well to hold the 100-day MA. The coin established the support at $0.875 (.618 Fib & 100-day MA) last week and rebounded from there to meet resistance at $1. Since hitting $1, XRP has moved sideways inside a range between $1 and $0.875. In addition to this, XRP is also trading inside a...

Ethereum Ethereum is down a sharp 21% this week as the coin sits beneath $3000. The sell-off started on Monday when ETH slipped beneath the neckline of a head & shoulders pattern and the 50-day MA. Initially, the market found support at $3000 but would continue to fall beneath it on Tuesday to find support at $2770 (.786 Fib Retracement). ETH did rebound on Wednesday and Thursday as it climbed back above $3000. However, it lost another sharp 9% today, causing it to break...

XRP/USD – Buyers Battling To Reclaim $1. Key Support Levels: $0.95, $0.876, $0.8282.Key Resistance Levels: $1.05, $1.15, $1.25. XRP fell beneath the $1.05 floor on Monday and ended up below $1, and the 200-day MA until support was found at $0.875 (.618 Fib). This level was further bolstered by the 100-day MA level, which allowed XRP to rebound. After this, XRP went on to break the 200-day MA at $0.85 and spike back above $1. Unfortunately, the bulls have still not managed to...

The Royal Monetary Authority (RMA) – Bhutan’s central bank – has joined forces with Ripple to launch a digital version of its national currency. The institution anticipates the initiative to boost the country’s financial inclusion by 85% in the next two years. Ripple and Bhutan Shook Hands The enterprise blockchain provider Ripple announced it would enable Bhutan’s central bank to employ its network to pilot a central bank digital currency: “Today, we are proud to announce...

A federal judge in New York has denied Ripple Labs’ motion to order the U.S. Securities and Exchange Commission (SEC) to produce records of its employees’ crypto transactions in an effort to prove that the agency did not consider XRP to be a security. The SEC Wins One Against Ripple According to an official transcript, Ripple filed the request on August 27. Their rationale for the request was that if it were discovered that the SEC employees had traded XRP, it would at a...

XRP/USD – XRP Loses Ground At $1 Key Support Levels: $0.875, $0.8282, $0.8.Key Resistance Levels: $1.00, $1.05, $1.14. Since the early September flash crash, when XRP fell as low as $0.95 from a high of $1.40, XRP had established a solid range between $1.14 and support at $1.05 (.5 Fib Retracement). Over the weekend, the cryptocurrency fell beneath the 50-day MA and tested the $1.05 support again. Today, the 12% price fall caused XRP to break support at $1.05 as it went on to...

XRP/USD – XRP Establishes Narrow Range Key Support Levels: $1.05, $1.00, $0.95.Key Resistance Levels: $1.14, $1.17, $1.25. Since crashing from $1.40 last Tuesday, XRP has established a range between $1.05 and $1.14 over the past week. The support at $1.05 is provided by a .5 Fib and is now bolstered by the 50-day MA. The cryptocurrency has dropped numerous times beneath $1.05 but has managed to close each daily candle above that line. On the other side, the resistance at...

Ethereum Ethereum dropped a sharp 10% this week as the cryptocurrency currently sits at around $3400. The cryptocurrency surged to $3975 last Friday, where it met the resistance at a 1.272 Fib Extension level. It was unable to overcome it over the weekend and eventually collapsed from there on Tuesday during the market wipeout. ETH dropped as low as $3000 during the sell-off but eventually recovered by the end of the day to close the daily candle at $3428 (.382 Fib). It held...

XRP/USD – XRP Spikes As Low As $0.928 Key Support Levels: $1.05, $1.00, $0.92 – $0.9.Key Resistance Levels: $1.20, $1.25, $1.36. XRP was trading inside an ascending price channel since breaking the symmetrical triangle pattern at the end of July. The price channel allowed XRP to break the August high at $1.36 this week and reach $1.40. Unfortunately, the steep market sell-off yesterday caused XRP to fall beneath the ascending price channel. XRP collapsed by a total of 33%...