XRP dropped by a small 2.5% over the past 24 hours as it attempts to climb above $0.2.The cryptocurrency bounced from support at $0.17 and managed to surge by a total of 14% over the past 7-days.Against Bitcoin, XRP is attempting to break strong resistance at 2710 SAT.Key Support & Resistance LevelsXRP/USD:Support: $0.191, $0.182, $0.171.Resistance: $0.2, $0.215, $0.22..XRP/BTC:Support: 2680 SAT, 2650 SAT, 2620 SAT.Resistance: 2750 SAT, 2800 SAT, 2850 SAT.XRP/USD – Ripple Ready To Break...
Read More »Ripple-Compatible Chip Development Is Said to Be Sponsored by U.S. Navy
Ripple and XRP are in the spotlight once again after the news that the U.S. Navy is hiring a firm to create implantable microchips that would be compatible with Ripple’s blockchain.It was a huge breakthrough for Ripple and the XRP community after the company’s blockchain won a big boost from the U.S. Navy. In an interview, the president of Solari Inc., Catherine Austin Fitts, said a year ago the U.S. Navy had hired a Danish tech company to develop an implantable microchip and make it...
Read More »XRP Price Hits $0.20 as Over 200M Coins Transferred Anonymously
XRP price has risen by around 8% within the last 24 hours. 211 million XRP has been recently transferred between several wallets with some anonymous and others identified to be owned by corporate investors.As every crypto coin has begun to gain momentum and is rising now, XRP price is also rising. The coin is trading at $0.20 at the time of writing. It means that the coin has gained 7.78% within 24 hours.The crypto has broken above the overhead resistance at $0.18867. If the bulls can sustain...
Read More »Ripple Investors File Lawsuit Claiming XRP Is Not Security
Ripple CEO Brad Garlinghouse will have to defend his position as a legitimate XRP seller. Per Bradley Sostack, a former XRP investor and the lead plaintiff in the case against Brad, Garlinghouse used unlawful techniques to sell XRP.Former XRP investor Bradley Sostack claims that Ripple CEO Brad Garlinghouse was selling the XRP tokens as unregistered securities. The class-action lawsuit is seeing the hearings again because the investor refiled it recently. It features a scheme that allowed...
Read More »Crypto Price Analysis April 1: BTC, ETH, LTC, XRP, BCH
A senior analyst at RoboForex shares his insights into the future scenarios for Bitcoin, Ethereum, Litecoin, XRP and Bitcoin Cash price movement.Dmitriy Gurkovskiy, a senior analyst at foreign exchange broker RoboForex, provides his vision of the possible tendencies in price changes for Bitcoin as well as for other major cryptos.Cryptocurrencies are still correcting and volatility is reducing, so we may expect some good movements in the nearest future. As a rule, low volatility is often...
Read More »Bitcoin Price Above $6,700 as Cryptocurrencies Rise $23.8 Billion in 24 Hours
Bitcoin price shows signs of recovering as it hit $6,700 level, even as the stock market continues in the sell-off. Major cryptocurrencies like XRP and ETH have followed the rally, as the market cap has risen by $23.8 billion in 24 hours.The crypto community can afford a smile, after days of market price free fall. Led by the mother coin Bitcoin, the cryptocurrencies rose by nearly 20% in 24 hours, rejuvenating the lost hope. At the time of writing, Bitcoin was trading slightly above $6,700,...
Read More »Crypto Price Analysis March 18: BTC, ETH, LTC, XRP, BCH
A senior analyst at RoboForex shares his insights into the future scenarios for Bitcoin, Ethereum, Litecoin, XRP and Bitcoin Cash price movement.Dmitriy Gurkovskiy, a senior analyst at foreign exchange broker RoboForex, provides his vision of the possible tendencies in price changes for Bitcoin as well as for other major cryptos.The currency market failed to get over another collapse. In general, there is a great potential in Bitcoin for a rebound upwards and new growth in anticipation of...
Read More »Bitcoin Price Rose to $5,900 after Fed Zero-Rate Cut but Then Fell Below $5,000
Bitcoin price doesn’t look very optimistic now as it is below $5,000 again. However, just recently after the news about the rate cut from teh Fed, it was gaining massively.Bitcoin price went up after the U.S. Fed announced a massive rate cut. Sources say that this occurred late on Sunday as global economies were still reeling from the effects of the COVID-19 situation. It also reportedly came with a $700 billion stimulus program to protect the U.S. economy from the effects of a global...
Read More »Ripple Price Analysis: After Plunging To 7-Month Low, Can XRP Regain Momentum?
Ripple is trading inside a descending channel; a bullish breakout is likely to take place only above $0.215 per XRPAgainst Bitcoin, Ripple started to regain momentum after finding support at the 2580 SAT level.XRP/USD: Ripple Is Trapped Inside The ChannelKey Resistance Levels: $0.185, $0.215Key Support Levels: $0.13, $0.11After opening the weekly candle around $0.215, Ripple saw a massive 50% price plunge following the March 12 crash that hit the cryptocurrency market, while Bitcoin crashed...
Read More »Coronavirus Crisis Translates Into The Worst Week For Bitcoin Since 2013: The Crypto Weekly Market Update
It’s safe to say that unless unexpected things happen, this will be the worst week for Bitcoin since 2013. During the second week of December 2013, Bitcoin had seen a plunge from $864 to $382, more than a 50% decline. Those were the days when MT.Gox was the only major Bitcoin exchange out there.Just seven days ago, BTC was trading at around $9,000, and its price has now dropped to slightly above $5,200. What is more, the price went down to as low as $3,600 before bouncing to where it trades...
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