Tag Archives: Ripple (XRP) Price

This week was quite exciting in the cryptocurrency market as a lot of the major coins managed to recover. Unfortunately, this wasn’t the case for all of them, so let’s have a look at some of the most interesting performers throughout the past seven days.BitcoinBitcoin is up by a powerful 15.8% over the past week as the cryptocurrency edges near the ATH price again. It started the week by rebounding from support at $47,200 (.382 Fib) and began to push higher over the weekend.The coin broke...

XRP/USD – Bullish attempt to surpass $0.5 continues.Key Support Levels: $0.45, $0.41, $0.4.Key Resistance Levels: $0.5, $0.556, $0.6.XRP is currently trading inside a falling wedge pattern as it attempts to break the upper boundary. The coin had dropped lower from $0.56 in the last days of February as it collapsed into the support near $0.4 (the 100-day EMA line).It then rebounded from $0.4 at the beginning of this month and has since found solid support at $0.45 (.5 Fib) over the past six...

The SEC lawsuit against Ripple Labs continues to harm the payment processor as the company has officially ended its relationship with the international money transfer provider – MoneyGram. Nevertheless, Ripple hopes to revisit the relationship in the future, especially if it prevails against the Commission. CryptoPotato reported in late December 2020 that the US Securities and Exchange Commission brought charges against the blockchain-based payment processor and its executives for conducting...

With the impending legal battle between the SEC and Ripple, the CEO of the payment processor said that XRP will endure even if the company doesn’t.Simultaneously, Jesse Powell, the CEO of the veteran US exchange, Kraken, believes that offering XRP trading carries “huge asymmetrical risk.”XRP Will Endure, Says Ripple CEOEver since the US Securities and Exchange Commission brought charges against Ripple for conducting an unregistered security offering, the company’s executives have tried to...

BitcoinBitcoin is more or less trading at the same level it was last week around the same time. The cryptocurrency had dropped as low as $43,000 on Sunday, but it quickly bounded higher to close the daily candle above $44,750.On Monday, Bitcoin started to show some promise as it surged higher from $44,750 to reach as high as $49,600. Over the following three days, the cryptocurrency managed to spike back above the $50,000 level. However, it met resistance at $52,480 (bearish .618 Fib) and...

XRP/USD – Bulls Find Support At .618 FibKey Support Levels: $0.4, $0.35, $0.327.Key Resistance Levels: $0.45, $0.5, $0.556.At the start of last week, XRP was looking promising, reaching as high as $0.685 (1.272 Fib Extension). However, things changed quickly as soon enough the coin had dropped to around $0.56.From there, XRP started to head lower throughout the week as the overall market saw a downturn. It quickly collapsed beneath $0.5 and continued until the market found support at $0.4,...

This week saw a serious correction throughout the entire cryptocurrency market. Bitcoin lost, at one point, about $13,000 of its value as it went through one of the most serious declines since the start of the current bull run. With this said, we take a look at the following cryptocurrencies.BitcoinBitcoin has seen a turbulent week in which the price dropped to the current $48,000 level. The cryptocurrency was trending higher last week to set a new ATH price above $58,000.However, on Sunday,...

XRP/USD – Bears Starting To Retake ControlKey Support Levels: $0.45, $0.4, $0.36.Key Resistance Levels: $0.5, $0.556, $0.6.XRP had seen an interesting few days this week as it surged as high as $0.685 (1.272 Fib Extension) on Monday when the rest of the market was tumbling. By the end of the day, XRP had dropped back into the $0.56 level to close the daily candle.Yesterday, XRP saw a steep downturn as it dropped beneath $0.5 to reach as low as $0.36. The bulls quickly regrouped and allowed...

Money transfer giant MoneyGram is suspending its partnership deal with Ripple, following the ongoing legal battle between the latter and the US Securities and Exchange Commission (SEC).MoneyGram announced the news of the suspension in its Q4 and full-year 2020 financial results published on Monday (Feb. 22, 2021). As part of its Q1 2021 outlook, the company said:“In addition, the Company is not planning for any benefit from Ripple market development fees in the first quarter. Due to the...

It’s safe to say that the past 7 days were particularly intense on the cryptocurrency market. The cryptocurrency that expanded the most out of the large-caps is Binance Coin (BNB) as it surged by a whopping 150% in a week.BitcoinBitcoin is up by a strong 14.8% this week as the cryptocurrency continues to set new ATH prices today. Last week, it was battling with the resistance at $48,570, provided by a 1.414 Fib extension level.This level was only penetrated on Tuesday, which allowed Bitcoin...