Tag Archives: xrpbtc

Altcoins continue to outperform bitcoin’s price and this week was no exception. One of the biggest winners over the past seven days was Litecoin, up more than 40%. Here’s how some other top coins performed and what to look forward to. Bitcoin Bitcoin is up by a total of 5.5% this week as it battles with $56,500 in an attempt to climb over the 50-days MA. It has struggled to surge above $58,000 so far in May as it fails to break above a short-term descending trend line. On...

XRP/USD – Bulls Defend 20-days MA Key Support Levels: $1.40, $1.25, $1.10.Key Resistance Levels: $1.74, $1.98, $2.10. XRP had surged higher in the final week of April after bouncing from $1.00 to reach $1.74 on the last day of the month. There, it found resistance at a bearish .786 Fib Retracement, which it couldn’t overcome. In the first few days of May, XRP dropped each day until support was found at the 20-days MA yesterday, at around $1.40. The bulls defended this level...

The global adoption for the popular meme coin Dogecoin continues with the listing on the Winklevoss-run exchange – Gemini. At the same time, the token skyrocketed to yet another all-time high above $0.6 and it became the fourth-largest crypto, surpassing Ripple (XRP). CryptoPotato reported earlier today Dogecoin’s spectacular performance in this year, charting YTD gains of nearly 10,000%. However, that was hours ago, which in the cryptocurrency and Dogecoin, in particular,...

XRP/USD – Buyers Encountered Resistance Around $1.74 (bearish 0.786 Fib) Key Support Levels: $1.40, $1.25, $1.10. Key Resistance Levels: $1.74, $1.98, $2.10. XRP performed well this week after being able to surge by 48% according to CoinGecko. The coin bounced from support at $1.00 to reach as high as $1.74 on Friday. There, it found resistance at a bearish .786 Fib Retracement and a massive correction started towards $1.5. This aligns with the crypto market correction which...

After reaching a new two-week high of over $58,500, bitcoin has retraced slightly and currently trades around $57,000. Most altcoins have also marked minor losses on a 24-hour scale. Ethereum is among the few exceptions as ETH is closing down to $3,000. Bitcoin Stalls Around $57K As CryptoPotato reported yesterday, the primary cryptocurrency finally produced more decisive moves upwards. After trading in a range of around $54,000, bitcoin initiated an impressive leg up that...

Following several days of consolidation around and beneath $55,000, bitcoin finally made a move and jumped above $58,000. Despite new records for Ethereum and Binance Coin, BTC actually managed to reclaim some of its recently lost market dominance. Bitcoin Adds $6K in Two Days While the altcoin market was producing impressive price pumps lately, bitcoin seemed stalled at best. The primary cryptocurrency had recovered from its April slumps that drove it below $50,000 but had...

The crypto market recovered this week, but bitcoin seems unable to catch up with the momentum that alts are currently getting. This is perfectly visible in the below chart, showing that large-cap altcoins outperformed it, dollar-wise, substantially. Bitcoin Bitcoin saw a small 5.4% price hike over the past seven days as it currently sits around $54,300. It found support at $47,000 (.5 Fib) on Sunday and rebounded from there to close the daily candle around $49,000. On...

The inability of US authorities to implement clear and precise regulations on the cryptocurrency industry is “frustrating,” commented the CEO of Ripple – Brad Garlinghouse. The executive also blasted the country’s regulator for being the only world watchdog insisting that the XRP token is a security. US Trails Behind Other Nations For Crypto Clarity With the growth of the cryptocurrency industry in the past year or so, world regulators began discussing more actively what type...

Following another drop to $52,500, bitcoin reacted positively and regained $2,000 of value in the following hours. However, the asset continues to be outperformed by most alternative coins, and its dominance is down to 48%. Ethereum reached yet another ATH yesterday, while BNB spiked well above $600. ETH’s Latest ATH; XRP Surged 15% Most alternative coins have been on a roll lately, with Ethereum leading the pack. After dipping below $2,000 a few weeks back, the...

Should Ripple prevail in its ongoing legal battle against the SEC, the payment processor will join the trend of crypto-related companies going public, said the CEO of SBI Group – one of the largest shareholders in the firm.   During an earnings presentation call, SBI Group’s CEO, Yoshitaka Kitao, spoke about the relationship between the entity he runs and the blockchain-based payment processor – Ripple.  As previously reported, Ripple has legal troubles in the US as the...