Tag Archives: xrpusd

The case between Ripple and the United States Securities and Exchange Commission rages on. We’ve recently explored how the lawsuit could affect the entire crypto industry, talking to legal experts with interesting commentary on the matter. With that said, let’s have a look at some of the most recent developments as of today – June 27th, 2023. The most recent development came yesterday when the lawyer representing thousands of XRP holders – John E. Deaton – revealed that he...

There’s been a rumor circling cryptocurrency-oriented social media circles throughout the past couple of days, that Ripple is planning to buy back 10 billion XRP tokens, currently worth just shy of $5 billion. The first to question the rumors was John Deaton, a lawyer representing thousands of XRP holders, who said he doesn’t believe it until the company itself confirms it. The rumors were spreading like wildfire, though, as it tends to oftentimes be the case. David Schwartz,...

Ripple’s price has remained stagnant and lacks bullish momentum, as it has been in a consolidation phase for several months. The situation is similar when trading against Bitcoin. Technical Analysis By: Edris XRP/USDT Daily Chart: Ripple’s price faced strong rejection at the $0.6 resistance zone a few weeks ago. Currently, the cryptocurrency is finding support at the $0.49 level, where the 50-day moving average is located. If this level is breached, the next targets would be...

Ripple’s price has encountered significant resistance, which threatens the continuation of its recent rally. However, there seems to be a favorable probability for the cryptocurrency to advance further in the upcoming weeks, as several nearby support levels are in place – at least from a technical analysis standpoint. Ripple Price Technical Analysis By: Edris XRP/USDT Daily Chart: XRP’s price has been unable to surpass the $0.55 level, leading to a period of trading below...

What a week… There’s absolutely no need to beat around the bush, so let’s kick it off directly … the United States Securities and Exchange Commission sued Binance. That’s right, the world’s largest cryptocurrency exchange is under siege. Binance, Binance US, and Changpeng Zhao are all named in the lawsuit, as the SEC is out for blood. The Commission has asked the court to freeze the assets of Binance US and has also issued a summons for CZ. Since he’s not a US citizen,...

This week, we take a closer look at Ripple, Cardano, Binance Coin, Solana, and Polygon. Ripple (XRP) Ripple continues to surprise the market with its strength, considering that in the past week, most altcoins ended up in red. More so, XRP has managed to close in green with a 2.6% increase in price, making it the best performer on our list today. This resilience has taken the price just under the key resistance at 53 cents. Volatility also increased this week, and buyers...

During the winter of 2020, the United States Securities and Exchange Commission fired the first bullet in what would eventually become a dragged-out legal battle against the entire cryptocurrency industry. On December 22nd, 2020, the SEC charged Ripple with conducting a $1.3 billion unregistered security offering, essentially alleging that their native cryptocurrency – XRP – is a security. Two and a half years later, the battle is still raging on, but the proportions are now...

After breaking above both the 100-day moving average and the descending trendline, XRP has initiated a solid upward trend, reaching a significant resistance region at $0.55. The price action in this crucial zone will play a vital role in determining Ripple’s future direction. Technical Analysis By Shayan The Daily Chart Taking a closer look at the daily chart, once the price surpassed the 100-day moving average at $0.44, it went through a brief correction, testing the moving...

The US Securities and Exchange Commission has filed a lawsuit against Coinbase – in what seems to be the latest turn of events. The motion comes a day after the SEC also filed against Binance. The two cryptocurrency heavyweights are under some serious fire, but a closer look into the lawsuit against Coinbase reveals some interesting details. One of the more interesting findings (or the lack of) in the SEC’s lawsuit against Coinbase is the list of altcoins that they consider...

In recent weeks, Ripple’s price has displayed an upward trend, recovering from a notable support level. However, there is still a crucial resistance level that must fall for the market to enter a bullish phase in the coming months. Technical Analysis By: Edris XRP/USDT Daily Chart: The XRP price has consistently increased after bouncing back from the $0.43 support. This level has also been reinforced by the 200-day moving average, while the price has surpassed the 50-day...