Tag Archives: xrpbtc

Ripple has been experiencing a short-term stage of consolidation following low volatility. The cryptocurrency has formed a well-known bearish flag pattern and has dropped to the middle boundary. This is an important price region, and the upcoming price action will likely determine its mid-term direction. Technical Analysis By Shayan The Daily Chart The cryptocurrency was recently rejected by the upper trendline of the bearish flag pattern and dropped to the middle boundary....

On Oct. 27, Ripple released its Q3 Markets Report stating that its holdings of XRP have dropped below 50% for the first time. The company proudly stated that it is becoming more decentralized contrary to what critics have claimed. It said the ownership of XRP is not an indicator that Ripple controls XRP Ledger (XRPL). “The XRP Ledger (XRPL) uses Federated Byzantine Consensus to validate transactions, add new features and secure the network, which means that each validator...

This week, we take a closer look at Ethereum, Ripple, Cardano, Binance Coin, and Polygon. Ethereum (ETH) Ethereum had a very strong rally in the past seven days, increasing by 19.4%. This makes it the best performer on our list this week. Such volatility has not been seen since September and signals a possible reversal in the downtrend. If ETH manages to make a higher high in the coming weeks, then that would confirm the reversal. The price is currently found just below the...

This week, we take a closer look at Ethereum, Ripple, Cardano, Binance Coin, and Solana. Ethereum (ETH) Ethereum’s price has remained largely flat with little volatility. For this reason, it is almost identical to seven days ago. Momentum and volume continue to move sideways with no perceivable trend at this time. The key support remains at $1,250, and the resistance at $1,400. The price is stuck in a channel, and it can comfortably move sideways until the end of the month...

The start of the week begins with little-to-no substantial movements from most cryptocurrencies, as bitcoin has stalled around $19,000. The altcoins are slightly in the green, except for XRP. Aside from the daily price dip, the asset is down double-digits on a weekly scale. Bitcoin Calms at $19K BTC experienced a lot of volatility at the end of last week, when the US CPI numbers came out. Although they were almost as expected, bitcoin headed straight south, as it typically...

Ripple has bounced from its recent sharp decline, perhaps indicating that buyers are still controlling the market. This structure has provided another opportunity to retest the overhead resistance. Technical Analysis By Grizzly The Daily Chart: Although Ripple has not succeeded in its repeated attempts to break the resistance zone (in red), the positive momentum is still apparent in the market. The emergence of higher lows in the lower timeframe signals greater buyer...

At an event for DC Fintech Week on Tuesday, the CEO of Ripple Labs, Brad Garlinghouse, noted that he expects the court to give its verdict on the case in the first half of 2023.  “I think we’ll have an answer in the first half of next year. Whether that’s the first quarter or second quarter, we shall see,” he said.  The Lawsuit Recall that the SEC officially sued Ripple in December 2020 over an alleged violation of securities laws. The regulator claims that the blockchain...

Bitcoin’s price went through a somewhat surprising dip yesterday when the US announced the September job reports, which were better than expected. Most altcoins are also in the red now, with the obvious exception of Ripple. XRP has stolen the show once again, surging by almost 7%. Bitcoin Lost the $20K Mark Ever since the October 3 crash to below $19,000, the landscape around the primary cryptocurrency was quite positive. The asset had bounced off that level and even jumped...

Despite several attempts to push the price above $0.50, XRP has been unsuccessful in stabilizing around this level. Technical Analysis By Grizzly The Daily Chart The cryptocurrency continues to challenge the $0.50 resistance, but, unfortunately, to no avail. It’s failed to overcome this level three times in just as many weeks. Breaking above it would position the asset to retest the descending line (in red). If it manages to clear this barrier, the price will have better...

This week, we take a closer look at Ethereum, Ripple, Cardano, Binance Coin, and Polygon. Ethereum (ETH) With an increase of only 1.4% in the past seven days, Ethereum continues to maintain a flat price action, with market participants unable to swing the cryptocurrency beyond its current range. Since mid-September, ETH has only been moving sideways between the key support at $1,250 and the resistance at $1,400. The last time it tested the key resistance was on September...