Ripple price is trading nicely in an uptrend above the $0.2425 support area against the US dollar.The price seems to be eyeing a fresh increase above the $0.2600 and $0.2650 levels.There is a major bullish trend line forming with support near $0.2400 on the 4-hours chart of the XRP/USD pair (data source from Bittrex).The pair is likely to grind higher towards $0.2800 once it gains strength above $0.2600.Ripple price is climbing steadily above $0.2500 against the US Dollar. XRP price remains...
Read More »Ripple Price Analysis: XRP Remains In Uptrend And $0.25 Seems Imminent
Ripple price found support near the $0.2140 area and recently recovered nicely against the US dollar.The price seems to back in a positive zone above the $0.2200 resistance area.There was a break above a major bearish trend line with resistance near $0.2230 on the 4-hours chart of the XRP/USD pair (data source from Bittrex).The pair is likely to continue higher towards the $0.2440 and $0.2500 resistance levels in the near term.Ripple price is showing positive signs above $0.2200 against the...
Read More »Ripple Price Analysis: XRP Remains Supported Despite Recent Pullback
Ripple price started a major downside correction from close to $0.2550 resistance against the US dollar.The price declined below $0.2400, but it is still trading nicely above the $0.2260 support area.There is a key bullish trend line with support near $0.2265 on the 4-hours chart of the XRP/USD pair (data source from Bittrex).The pair is likely to bounce back above $0.2400 unless it breaks the $0.2200 support area.Ripple price is correcting gains from the $0.2540 high against the US Dollar....
Read More »Ripple Price Analysis: XRP Primed For More Upsides Above $0.22
Ripple price is trading in a positive zone above the $0.2000 support against the US dollar.The price is facing hurdles near the $0.2200 and $0.2250 levels.There is a breakout pattern forming with resistance near $0.2175 on the 4-hours chart of the XRP/USD pair (data source from Bittrex).The pair is likely to accelerate gains above the $0.2175 and $0.2200 levels in the near term.Ripple price is trading in an uptrend above $0.2000 against the US Dollar. XRP price could start another rally if it...
Read More »Ripple Is Firing on All Cylinders; Spikes Nearly 11 Percent
Bitcoin may be experiencing a bullish reversal at the time of writing, but the currency that’s really putting all its peers to shame is Ripple (XRP).Ripple Is Moving Faster Than Other CoinsRipple is the third-largest cryptocurrency in the world. Recently valued at over $10 billion thanks to a new $200 million funding round, Ripple has set the stage for remittance payments, and claims it can move money faster than both bitcoin and payment platforms like SWIFT.At press time, the currency has...
Read More »Ripple Price Analysis: XRP Approaching Significant Resistance
Ripple price is slowly rising and trading above the $0.1925 resistance against the US dollar.The price is likely to rise steadily above the $0.1950 and $0.1980 resistance levels.There was a break above a major bearish trend line with resistance near $0.1932 on the 4-hours chart of the XRP/USD pair (data source from Bittrex).The pair is approaching a crucial resistance near $0.2000, above which there could be sharp gains.Ripple price is showing positive signs above $0.1900 against the US...
Read More »Ripple Is Looking to Boost Its Presence in Brazil
Ripple, the third-largest cryptocurrency by market cap, has announced that it will spend most of 2020 trying to build new partnerships with banks in Brazil and South America.Ripple Wants to Build Itself Up in South AmericaThe main goal is to make remittance payment capabilities stronger within the nation’s borders. Ripple began building up its presence in Brazil in mid-2019 and has already established relationships with several leading financial institutions including Bradesco, Santander and...
Read More »Ripple Price Analysis: XRP Setting Stage For Strong Rally
Ripple price is showing positive signs above the $0.1900 level against the US dollar.The price must gain momentum above $0.2000 to start a strong rally.There was a break above a key bearish trend line with resistance near $0.1945 on the 4-hours chart of the XRP/USD pair (data source from Bittrex).The pair remains well bid near $0.1910 and it seems to be setting up for a large rally.Ripple price is trading within a broad range below $0.2000 against the US Dollar. XRP price is likely to surge...
Read More »The Overall Value of Ripple Has Exploded Thanks to a New Funding Round
Ripple – the third-largest cryptocurrency by market cap – has allegedly completed a funding round in which the company got its hands on $200 million. This takes Ripple’s net value to a whopping $10 billion.Ripple Is Heading to the TopThe round was led by Tetragon, an investment company stationed in New York. Other companies to take part in the event include Japan’s SBI Holdings and the venture capital firm Route 66 Ventures in Virginia.Ripple head honcho Brad Garlinghouse comments:We are in a...
Read More »Ripple Price Analysis: XRP Facing Key Hurdles For Bullish Breakout
Ripple price started an upside correction from the $0.1750 swing low against the US dollar.The price is trading above the $0.1900 level, but facing many hurdles near $0.2000There is a major bearish trend line forming with resistance near $0.2050 on the 4-hours chart of the XRP/USD pair (data source from Bittrex).A clear break above $0.2000 and $0.2050 is needed for upside acceleration.Ripple price is trading below key hurdles near $0.2000 against the US Dollar. XRP price could either rally...
Read More »