Ripple price is trading above the key $0.8050 support zone against the US dollar. The price is now well below $0.8000 and the 55 simple moving average (4-hours). There is a major bearish trend line forming with resistance near $0.8200 on the 4-hours chart of the XRP/USD pair (data source from Bittrex). The pair could continue to move down below the $0.7200 and $0.7000 support levels. Ripple price is trading in a bearish zone below $0.80 against the US Dollar. XRP price...
Read More »Ripple Price Analysis: Recovery Likely Unless XRP Breaks $0.80
Ripple price is trading above the key $0.8000 support zone against the US dollar. The price is now struggling to clear $0.9000 and the 55 simple moving average (4-hours). There was a break above a key bearish trend line with resistance near $0.8600 on the 4-hours chart of the XRP/USD pair (data source from Bittrex). The pair could start a major increase unless there is a clear downside break below $0.8000. Ripple price is trading in a bearish zone below $1.00 against the...
Read More »Ripple CEO Garlinghouse Upset By Crypto Regulation in the U.S.
Brad Garlinghouse – the CEO of Ripple – is rather frustrated with how crypto regulation is dealt with in the United States, and he is upset by how unclear the rules tend to be. Ripple CEO Discusses Lack of Regulatory Clarity Ripple has been under fire for the past few months due to a lawsuit initiated by the Securities and Exchange Commission (SEC). The company garnered billions through a token sale of XRP – the official cryptocurrency of Ripple – that the SEC says was...
Read More »Ripple Price Analysis: Risk of More Downsides Below $0.8
Ripple price is struggling to climb above the $0.95 and $1.05 resistance levels against the US dollar. The price is now trading well below $1.00 and the 55 simple moving average (4-hours). There is a key declining channel forming with resistance near the $0.9240 on the 4-hours chart of the XRP/USD pair (data source from Bittrex). The pair could extend its decline as long as it is below the $1.05 resistance zone. Ripple price is trading in a bearish zone below $1.00...
Read More »Ripple Price Analysis: Bulls Aim Fresh Rally Above $1.60
Ripple price is holding ground above the $1.22 support zone against the US dollar. The price is now consolidating above $1.45 and the 55 simple moving average (4-hours). There is a key contracting triangle forming with resistance near the $1.5500 on the 4-hours chart of the XRP/USD pair (data source from Bittrex). The pair could start a major increase if there is a clear break above $1.55 and $1.60. Ripple price is trading nicely above the $1.40 support against the US...
Read More »Ripple Price Analysis: Approaching Next Key Break, $1.50 Holds The Key
Ripple price started a steady increase and it tested the $1.75 resistance against the US dollar. The price is now consolidating above $1.50 and close to the 55 simple moving average (4-hours). There is a major bearish trend line forming with resistance near $1.58 on the 4-hours chart of the XRP/USD pair (data source from Bittrex). The pair could start a major increase if there is a clear break above $1.58 and $1.60. Ripple price is struggling to stay above the $1.50...
Read More »Ripple Price Analysis: Bulls In Control Above $1.45
Ripple price started a steady increase above the $1.20 resistance zone against the US dollar. The price is now trading well above $1.50 and the 55 simple moving average (4-hours). There was a break above a major bearish trend line with resistance near $1.20 on the 4-hours chart of the XRP/USD pair (data source from Bittrex). The pair could start a major increase if there is a clear break above $1.65 and $1.70. Ripple price is gaining pace above the $1.50 level against...
Read More »Chris Larsen: BTC Mining Needs to Be More Environmentally Friendly
Ripple co-creator Chris Larsen believes that unless bitcoin changes itself to be more environmentally friendly, all hope for the world’s largest and most popular digital currency is lost. Chris Larsen: BTC Needs to Change Modules Bitcoin has been taking a lot of guff in recent weeks given that its constant price increases have led to boosts in energy usage for crypto miners. The higher the price of bitcoin goes, the more expensive it becomes to mine and extract. Right...
Read More »Ripple Price Analysis: Bulls Eye Fresh Rally Above $1.20
Ripple price declined heavily from well above the $1.800 level against the US dollar. The price is now trading below the $1.20 support and the 55 simple moving average (4-hours). There is a major bearish trend line forming with resistance near $1.155 on the 4-hours chart of the XRP/USD pair (data source from Bittrex). The pair could start a major increase if there is a clear break above $1.155 and $1.160. Ripple price is attempting a recovery from $0.885 against the US...
Read More »Ripple Price Analysis: Risk of More Losses Below $1.35
Ripple price surged towards the $2.0 level before correcting lower against the US dollar. The price is now trading below the $1.65 support and the 55 simple moving average (4-hours). There is a major declining channel forming with resistance near $1.620 on the 4-hours chart of the XRP/USD pair (data source from Bittrex). The pair could extend its losses below $1.350 as long as it is below the $1.650 zone. Ripple price is struggling to hold gains above $1.350 resistance...
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