Tag Archives: Ripple (XRP) Price

Things are not looking good for Ripple’s XRP. Following the news that the United States Securities and Exchange Commission (SEC) has pressed formal charges against the company, its native cryptocurrency tanked by almost 70%. This has also led to another somewhat unexpected event as Litecoin (LTC) takes the seat of the fourth-largest cryptocurrency by market cap.LTC Now the World’s 4th Largest Crypto by Market CapLitecoin has become the fourth-largest cryptocurrency by means of total market...

XRP/USD – XRP Hits 5-Month Lows With Drop Beneath $0.2Key Support Levels: $0.19, $0.18, $0.171.Key Resistance Levels: $0.2, $0.215, $0.25.XRP plummeted into the $0.25 support last week after the announcement was made that the SEC would be suing Ripple. Many analysts hoped that the $0.25 support would hold but XRP went on to fall beneath here today after Coinbase announced they would be suspending XRP trading on its platform.Today, XRP fell beneath the November 2020 lows at $0.215 and...

Veteran cryptocurrency exchange Coinbase announced that it would fully suspend XRP trading by January 2021, following the lawsuit filed against Ripple by the U.S Securities and Exchange Commission (SEC).Coinbase to Suspend XRP TradingAccording to a blog post on Monday (Dec. 28, 2020), Coinbase stated that while XRP trading will be moving to “limit only” starting December 28, the exchange is planning to suspend XRP trading on January 19, 2021, 10 AM Pacific time.Despite the suspension,...

BitcoinBitcoin saw a further 7.5% price surge over the past week, with today’s 5% price hike putting it at a new ATH of $24,660. The cryptocurrency had penetrated above  $20,000 on December 16th, and it continued to rise last week until it met resistance at $23,853 (1.618 Fib Extension – purple).The buyers struggled to break this resistance over the last few days as it went on to trade sideways between $23,853 and the support at $22,708 (.236 Fib Retracement).Bitcoin rebounded from the lower...

Following yesterday’s massacre, the cryptocurrency market has begun its Christmas recovery session. Bitcoin is getting towards $24,000, currently trading less than $500 from a new all-time high, while most altcoins have bounced off hard with impressive double-digit increases.Bitcoin Eyes $24,000The primary cryptocurrency went on a roller-coaster in the past few days with several notable price moves resulting in a new all-time high and a subsequent $2,000 drop.This price action had repeated...

XRP/USD – XRP Attempting To Hold $0.255 SupportKey Support Levels: $0.3, $0.286, $0.25.Key Resistance Levels:$0.35, $0.4, $0.435.Yesterday, XRP suffered a disastrous 52% on the news that the company was being sued by the SEC. The coin dropped beneath $0.5 on Tuesday and went on to break beneath $0.4 yesterday to spike as low as $0.215, where it found support at the November 2020 lows.Luckily, the buyers bounced higher from the November 2020 lows to close the daily candle at the $0.255 level....

XRP/USD – XRP Drops To 200-Days EMA SupportKey Support Levels: $0.3, $0.286, $0.25.Key Resistance Levels: $0.35, $0.4, $0.435.Yesterday, XRP dropped below $0.5 and penetrated beneath a symmetrical triangle pattern to meet the $0.45 support. It did spike much lower yesterday as it hit the 100-day EMA; however, the buyers regrouped to allow the daily candle to close above $0.45.Today, XRP continued to fall by another 27.5% as it plummeted beneath $0.4 (100-day EMA) and carried on dropping below...

Ripple’s CEO Brad Garlinghouse has classified the charges on his company brought by the US Securities and Exchange Commission (SEC) as an “assault on crypto at large.” In a recent blog post, he outlined that the Commission is wrong and that the payment processor will prevail in the legal battle.Ripple Responds to the SECFollowing rumors of SEC charges against Ripple, the Commission made it official yesterday. The agency alleged that the payment processor had conducted a $1.3 billion...

A few days after the price dip beneath $22,000, bitcoin has recovered most losses and even took another swing at $24,000 earlier today. Most altcoins have remained relatively steady, apart from XRP. The recently announced charges from the SEC have plummeted the token’s value.Bitcoin Eyes $24KBitcoin has been on a wild ride in the past several days. It began by painting a new all-time high of about $24,300, but the subsequent rejection drove the asset down by more than $2,000 in hours.BTC...

The United States Securities and Exchange Commission has pressed formal charges against Ripple. The watchdog is going after the company for conducting a $1.3 billion unregistered securities offering.CryptoPotato reported earlier today that the United States Securities and Exchange Commission (SEC) is preparing to sue one of the largest companies in the cryptocurrency field – Ripple. Brad Garlinghouse confirmed, saying that they will fight any suit the watchdog throws at them.The Commission...