Tag Archives: xrpusd

Ripple’s price was rejected after attempting to reclaim the significant resistance region of $0.55 and is currently consolidating. However, it faces a crucial support zone, and the upcoming action will determine Ripple’s short-term outlook. Technical Analysis By Shayan The Daily Chart After a sudden increase in value, the cryptocurrency’s price successfully surpassed several significant barriers, creating a positive outlook for the future. However, the upward momentum slowed...

Scott Chamberlain – a former US lawyer and co-founder of EvernodeXRPL – thinks the main obstacle that stops XRP’s price from surging is the SEC’s claim that the token classifies as security.  On the other hand, Ripple – the entity which issues the coin – has maintained that XRP should be treated as a commodity. In a recent Twitter post, Chamberlain opined that XRP’s price suppression is not caused by the US SEC’s allegation that Ripple sold assets worth more than $1 billion...

This week, we take a closer look at Ethereum, Ripple, Cardano, Binance Coin, and Solana. Ethereum (ETH) Ethereum continued to move up this week and managed to book a 3.5% price increase. In the process, ETH broke the key resistance at $1,800, which is now acting as support. The next resistance is found at $2,000, and it represents a major psychological level that will likely attract sellers and profit-takers. Momentum continues to favor buyers at this time, but it’s best to...

The past 24 hours saw a few altcoins increase by double digits while Bitcoin remains relatively stagnant around the coveted $28,000 level. That said, BTC’s dominance has increased slightly through the day, suggesting that the altcoin market is underperforming. Ripple’s XRP, on the other hand, is charting mild gains and is currently trading above an important level. Bitcoin Stagnates at $28K It appears that the $28,000 level is presenting considerable challenges for Bitcoin,...

After going through an impulsive bullish rally, Ripple has broken through several resistance levels, such as the 50-day moving average, the multi-month triangle pattern, and its previous major swing highs. However, the price now faces a significant decisive resistance zone at $0.55. Technical Analysis By Shayan The Daily Chart Following an impulsive spike, the price has claimed many critical resistance levels, creating a bullish sentiment for the cryptocurrency. However,...

Ripple’s price has surged in recent weeks, following a breakout above the significant $0.43 resistance level. However, it may be too early for the bulls to celebrate the end of the bear market, as warning signals are emerging. Technical Analysis By: Edris XRP/USDT Daily Chart: The price has risen almost vertically in the past few weeks, following a breakout above the $0.43 level and both the 50-day and 200-day moving averages, which are located around the $0.4 mark. These...

The past seven days made for quite an exciting week in the cryptocurrency field, despite the fact that some of the events weren’t particularly positive. However, the market managed to stabilize and consolidate, gaining around $14 billion in the process. Let’s dive in. On March 27th, the United States Commodities and Futures Trading Commission (CFTC) slapped Binance – the world’s leading cryptocurrency exchange – with a lawsuit. The 74-page complaint also included its CEO,...

This week, we take a closer look at Ethereum, Ripple, Cardano, Solana, and Litecoin. Ethereum (ETH) Ethereum decided to range this week and booked a slight loss of 1.4%. This flat trend could not muster the energy to hold the price above $1,800, which is the current key resistance. The support is at $1,700, and bulls have done a good job defending this level to date. Therefore, any pullback should find buyers here if the price falls again. Looking ahead, ETH has lost some of...

Ripple’s price has rallied violently over the past few days, breaking multiple significant resistance levels against both USDT and BTC. However, the price is currently struggling at a key level. Technical Analysis By: Edris XRP/USDT Daily Chart: XRP’s price has risen rapidly since breaking the $0.43 level to the upside and retesting it. Ripple is currently trading at around $0.54 per coin and has finally reached the key $0.55 resistance area. However, the price is seemingly...

XRP has been defying the market-wide decline as it continued its impressive recovery for the month. The asset – that is at the center of the Ripple lawsuit brought by the US Securities and Exchange Commission (SEC) – has surged by nearly 13% over the past day alone. XRP Surges to 10-Month High According to data on CoinMarketCap, XRP was currently trading at $0.58, a level not seen since May 2022. The decoupling from the broader market has fetched nearly 60% gains for the...