Ripple stared a strong rise from the $0.2460 support area against the US Dollar. XRP price rallied around 8% and it seems like it could soon climb towards $0.3000.
Ripple price is up around 8% and it broke the $0.2700 resistance area against the US dollar.
The price traded to a new 2020 high at $0.2760 and it is currently consolidating gains.
There was a break above a couple of breakout zones at $0.2520 and $0.2650 on the hourly chart of the XRP/USD pair (data source from Kraken).
The pair is likely to continue higher towards the $0.2850 and $0.2920 resistance levels in the near term.
Ripple Price Rally Isn’t Over Yet
After forming a support base above the $0.2460 level, ripple started a strong rise. XRP price broke many important hurdles near $0.2500 and $0.2550 to move into a solid bullish zone.
Furthermore, there was a close above the $0.2550 level and the 100 hourly simple moving average. More importantly, there was a break above a couple of breakout zones at $0.2520 and $0.2650 on the hourly chart of the XRP/USD pair.
Ripple Price
Finally, the price rallied above the $0.2700 level and traded to a new yearly high at $0.2760. It is currently consolidating gains above the $0.2700 area.
Ripple is also holding the 23.6% Fib retracement level of the recent rally from the $0.2473 low to $0.2760 high. Additionally, it seems like ripple is trading inside another breakout pattern with resistance near $0.2720.
A successful break above the $0.2720 resistance level might spark another rally. In the mentioned case, the price is likely to climb above the $0.2760 high. The next key resistance is near the $0.2850 level, above which the bulls are likely to aim a larger rally towards the $0.3000 barrier in the near term.
Dips Remain Supported
If ripple fails to stay above the $0.2700 support, it could extend its correction. The next major support is near the $0.2620 level. It coincides with the 50% Fib retracement level of the recent rally from the $0.2473 low to $0.2760 high.
Any further losses may perhaps push the price back into a bearish zone below $0.2620. The next major support is near the $0.2580 level since it is near the 61.8% Fib area of the same rally.
Technical Indicators
Hourly MACD – The MACD for XRP/USD is showing many positive signs in the bullish zone.
Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is currently rising and it is well above the 60 level.
Major Support Levels – $0.2700, $0.2650 and $0.2620.
Major Resistance Levels – $0.2720, $0.2760 and $0.2850. The post appeared first on NewsBTC. origin »
Another week, another round of Crypto Tidbits. The past week hasn’t been too good for Bitcoin, Ethereum, and their ilk, with the leading digital assets losing around 7% apiece since our last update.
Ripple, Inc. has released the report for its operations in the last quarter of 2019. The final period of a rather underwhelming year saw Ripple limit its selling of XRP from its escrow stash. XRP Price Stabilized on Slower Ripple Escrow Selling With XRP stabilizing around $0.
In this roundup, we cover an exceptionally busy week for crypto regulations around the globe. We start our coverage with the U.S. Virtual Currency Tax Fairness Act of 2020, actions by the SEC, Ripple’s lawsuit, India’s supreme court hearings, Australia green-lighting a bitcoin retail fund, Thailand approving a new crypto exchange, and new crypto guidelines […]
The post Regulatory Roundup: New US Crypto Tax Bill, Central Banks Join Forces on Digital Currencies appeared first on Bitcoin News.
Ripple has been partnering with various exchanges and banks around the world to facilitate faster and cheaper cross-border payments. Right now, there are speculations of Ripple cooking a deal with a BThe post Ripple's ODL platforms rally over the week to register new ATH appeared first on AMBCrypto.
Coinspeaker Davos 2020 Will Have Impressive List of Speakers, Ripple CEO May Also JoinBusiness leaders and politicians from around the world are gearing up to attend another session of the World Economic Forum (WEF), in Davos.
Crypto markets lit up yesterday, with Ripple’s XRP leading the charge with an over 12% gain on the day. The buzz around the crypto industry caused other assets to take off, including the first-ever cryptocurrency Bitcoin, and the number two cryptocurrency by market cap, Ethereum.
Ethereum is up around 5% and trading above key hurdles near $140 versus the US Dollar. Bitcoin and ripple surged 5% and 12% respectively, opening the doors for another increase in ETH. Ether price is now trading above the key $140 and $142 resistance levels against the US Dollar.
Swell 2019 discussions and presentations centered around the numerous ways businesses today are implementing blockchain technology. But just how far-reaching is adoption of this technology? At the event’s closing fireside, Ripple VP of Global Sales Strategy and Operations James Wallis and Celent Sr.
Ripple continues to expand its solutions and partnerships with institutions and organizations around the world. This time. The company added The University of Tokyo to its Blockchain Research Initiative for Universities called UBRI.
Ripple has unlocked one billion XRP from its escrow wallet today. It represents the supply allotment for the month in accordance with its pre-determined schedule. At current valuations, this amounts to around $225 million.
Ripple, Inc. unlocked its monthly escrow, raising more questions about the performance of XRP. Over the course of 2019, the token has underperformed, also losing hopes of an end-of-year rally. XRP Long-Term Holding Still Won’t Pay XRP is still down around 30% this year, as 2019 nears its end.
Фирма денежных переводов TransferGo планирует перейти на платежное решение Ripple «ликвидность по требованию» (ODL), в которой XRP выступает промежуточной валютой. For many families around the world, cross-border transfers that take even a few minutes are too slow.
Global payment platform MoneyNetint has won Ripple’s Best Connector Award for outstanding business growth over the past year. In an email to CryptoSlate, the company said the award will help strengthen its foothold as a leader in cross-border payments and grow its user base around the world.
The international payment company MercuryFX has recently joined Ripple in an effort to make quick transfers with a low value around the world. The goal of the firm is to be able to reach markets that were too expensive to access before.
Around $400 million worth of XRP tokens may be involved in illegal transactions. XRP is the Ripple payment network’s cryptocurrency. The findings were released by the London’s Elliptic on Wednesday.
Coinspeaker Ripple’s Technological Advantage Forms Positive Outlook for XRP: Here’s What to ExpectWith all of the developments evolving around Ripple and its RippleNet, XRP has become a preferred crypto asset to complement the global economy.
Ripple’s XRP not only failed to rally during the highly anticipated Swell conference this year, but actually sank by 16% shortly after. But can the price recover, or will see the asset slump even further? XRP Eyes $0.
Approximately $27. 5M worth of XRP, Ripple’s cryptocurrency coin, was just sent to a market-making firm. A cryptocurrency bot on Twitter has picked up on a major transfer of around 99,999,900 XRP.
After a brief attempt to climb above its strong resistance level at $0. 30 earlier this week, XRP faced a strong and swift rejection and is now moving down towards its monthly lows that currently sit around $0.
Dr Raghuram Rajan, economist and financial analyst, took the stage at the Swell 2019 conference this month that was held in Singapore. During his talk, Rajan, explained the importance of blockchain technology in the financial sector and how it’s poised to revolutionize businesses around the world.
Dr. Raghuram Rajan, former Governor of the Reserve Bank of India and Distinguished Professor of Finance at the University of Chicago, took the stage at Swell 2019 and underscored the important role that technology, including blockchain and digital assets, plays in fueling economic growth, increasing financial inclusion and ultimately revolutionizing businesses in emerging markets around … Continued
The post Swell 2019: Dr.
Brad Garlinghouse, the CEO of San Francisco-headquartered Ripple has responded to the growing criticism of XRP given the third-largest altcoin has failed to see a significant price rally in 2019 even when the market recorded double-digit growth.
XRP price might not be making any moves — currently trading below $0.30 — despite the Swell event just around the corner but its on-chain metrics are going strong. In a Twitter Thread, Coin Metrics, a crypto asset market data, and research firm shared these developments starting with a significant uptick in the transaction count […]
Ripple’s XRP had a dismal year so far. Volumes reach around $1. 6 billion per day, a comparatively weak result for a top 3 coin. Low Volumes Among Top Coins XRP saw its volumes sink even below those of EOS, which trades at $2.
Daily XRP transactions are skyrocketing as Ripple prepares to host its annual conference, Swell. The hype around the event has not been able to push the price of this cryptocurrency higher, but there are several fundamental reasons to be bullish about XRP moving forward.
There is no doubt that blockchain technology as well as virtual assets are crucial in enhancing financial inclusion and fostering economic growth around the world. However, for this to happen, proper and precise regulatory frameworks must be implemented.
Ripple price is gaining momentum above the $0. 2920 and $0. 2950 resistances against the US dollar. The price is up around 3% and it revisited the $0. 3040 resistance area. Yesterday’s highlighted key bearish trend line was breached with resistance near $0.
XRP continues a solid performance throughout October. This comes off the back of weeks of sideways action from Bitcoin. And while it’s too soon to call a start to altseason, XRP is still up 13% since the beginning of October, hovering around the $0.
From debt to equity and funds management to derivatives, established primary and secondary markets are being transformed by decentralized technologies—and regulators are keeping a close watch on the changes.
XRP surged more than 40 percent over the last few weeks as Ripple prepares to host its annual conference, Swell. As the date approaches, the market anticipates a significant price increase based on the impact this event had in previous years.
The total crypto market cap added $11. 3 billion to its value during the last seven days and now stands at around $225 billion. The top 10 currencies are all in green for the same time frame with Binance Coin (BNB) and Ripple’s XRP being the best performers with 20 and 11 percent of gains respectively.
Ripple price is showing positive signs and it recently gained pace above $0. 2800 against the US dollar. The price is up around 4% and it is currently testing the key $0. 2850 resistance area. There is a major bullish trend line forming with support near $0.
So far, XRP has had a mixed year. Since the beginning of the year, XRP experienced a decent drop that saw its price fall nearly 44% in USD and 54% against BTC. There have been a couple of positive news around Ripple Inc and their new partnerships with banks (more on that below) which might be […]The post Ripple’s XRP Price Analysis: XRP Price Still Jumps On Good Ripple Inc. News appeared first on CaptainAltcoin.
The price of XRP, the native cryptocurrency of Ripple’s blockchain network, has increased by 27% in 3 days. The rally of XRP comes during a period in which most major cryptocurrencies have been struggling against the U.
Ripple price is gaining bullish momentum above the $0. 2600 resistance area against the US dollar. The price is up around 5% and it recently broke the $0. 2650 resistance area. There is a connecting bullish trend line forming with support near $0.
Ripple, the company behind the XRP crypto asset, has reportedly just moved around $15. 3 million worth of the digital currency to a wallet associated with over-the-counter sales. The news could be a sign that the firm is planning to dump yet more of its XRP tokens on the market.
Ripple and its coin, XRP are struggling mightily these days. Of course, there is a market wide sellout and general sentiment is near all time lows, but the situation is especially tense around XRP.
For a long time now, Ripple has put it out that the company has secured 200 plus customers, sometime around at the beginning of this month. Now, Stuart Alderoty, the General Counsel at Ripple revealed that the actual tally is now 220.
UK police are set to auction around $662,000 (dly seized the stash from a criminal who had illegally sold personal data and provided hacking services in exchange for cryptocurrency. Other assets to be auctioned include Ethereum, Ripple (XRP), and other unnamed tokens.
If Ripple acts maliciously token holders could, theoretically, fork the XRP Ledger. In fact, this is one of the features that makes the network decentralized, argues CTO David Schwartz. Here’s how to actually do it and why it ultimately raises concerns around Ripple’s control over XRP.
On this episode of The Ripple Drop, we speak with Ripple Co-Founder Chris Larsen about the need for clear regulations around blockchain and digital assets—technologies that power the Internet of Value (IoV).
By CCN Markets: To say that Ripple (XRP/USD) is a laggard would be a huge understatement. The cryptocurrency has been in a long downtrend ever since it posted an all-time high of $3. 30 in January 2018.
Ripple price is trading in a bearish zone and recently broke the $0. 2500 support against the US dollar. Bitcoin price is down around 5% and Ethereum price declined close to 10%. There is a key bearish trend line forming with resistance near $0.
There has been much discussion and drama around Ripple’s digital currency XRP being a security. The debate has raged for years that spilled out into the courts as XRP holders sue Ripple as they lose money after the price of the digital asset dropped.
The CEO of Ripple, Brad Garlinghouse, took to Twitter to address the crypto community about the collection of concerns that have been raised about XRP over the last few months. Garlinghouse said that he felt “compelled” to comment on the “questionable sources” that have been “spreading FUD” about the firm and its native token.
Ripple price is following a bearish path and it recently broke the $0. 2700 support against the US dollar. Bitcoin price is down around 8% and it settled below the key $10,000 support area. There is a major declining channel forming with resistance near $0.
Youch. On Saturday, Bitcoin (BTC) was subject to the umpteenth flash crash in the past few weeks. Within a few minutes’ time, the cryptocurrency had shed $500 — around 4. 5% — to lose the key support of $11,800.
Cryptocurrencies remained downbeat on Friday, December 5, with sentiment deteriorating across leading assets. Meanwhile, the latest ETF flow stats confirm this weakness, with Bitcoin and Ethereum exchange-traded products struggling as new products attracted fresh funds.
Ripple (XRP) seems to have lost steam after recording gains over the past two days. The second-largest altcoin by market cap is trading at around $2. 17, with the bulls pushing to regain control of the trend.
Bitcoin traded just above $93,416 on Thursday as expectations mounted that the US Federal Reserve would cut interest rates next week. During the morning session, the cryptocurrency dipped to $92,612 before climbing to an intraday high of $94,002, reflecting renewed momentum after several weeks of turbulence.
Crypto markets staged a major turnaround on Tuesday as traders reacted to rising expectations of US interest-rate cuts and a surge in spot Bitcoin ETF activity following Vanguard’s decision to end its ban on Bitcoin ETF purchases.
The cryptocurrency market kicked off December with a downbeat mood as negative sentiments prevailed. At the same time, yesterday’s inflows data confirmed a divided landscape among leading spot exchange-traded funds (ETFs), which have become the primary indicator of institutional appetite in digital currencies.
The cryptocurrency market experienced a dip on Monday but instantly bounced back. Bitcoin briefly dropped to the $84k level but is now trading above $86k per coin. XRP, Ripple’s native coin, also dipped on Monday, but the $1.
