The last week in the crypto market remained a bit exciting, not in terms of the market movement but in terms of institutional developments happening in the cryptosphere. The overall cryptocurrency market remained under pressure while losing around $25 billion of the market cap. The top three cryptocurrencies: Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP)
One of the leading crypto exchanges BitStamp took to Twitter to apologize to its followers because of the controversial Messari Report that it published on its platform. The controversial report in question was written by Messari co-founder Ryan Selkis and took a dig at many altcoins including XRP, XLM, and all the Bitcoin Forks. 1/3
Ripple slides marginally under $0.6, but buyers rush in to save it from a massive drop to $0.3. XRP/USD potential breakout would elevate it to highs around $0.8 as consolidation ends. Ripple has corrected under $0.6 but is unlikely to extend the bearish leg further down. Closing the day on Monday under the 50 Simple
Ripple is looking forward to a breakout to $1 as long as the price closes the day above the 50 SMA. The breakout to $1 is likely to encounter delays around $0.7 to $0.75 (supply range). Ripple is still trading above $0.6 after a motionless weekend session. The cross-border cryptocurrency appears to have settled for
Ripple’s recovery hits a barrier at $0.7, giving way to an ongoing retreat. XRP/USD seems poised for a massive breakdown likely to retest support at the 100 SMA. Ripple soared massively in November, becoming one of the strongest cryptocurrencies in terms of rebound. The flash rise to $0.92 brought to light the possibility of XRP
Ripple in a first of its kind move has filed for selling one-third of its shares in MoneyGram, one of its key strategic partners from 2019. The blockchain solution provider had completed a $50 million investment in MoneyGram in November last year. According to the official filing made with the SEC, Ripple currently owns 6.22
Bitcoin was consolidating above $18,500 for the past couple of days and a market pullback was on the cards, however, bitcoin today soared past the $19,000 mark for the first time in three years. The current bullish burst is being attributed to PayPal CEO’s bullish comment on Bitcoin and their plans to allow cryptocurrency as
Ripple retreated after trading new yearly highs at $0.63 but is currently fighting to make a comeback above $0.6. XRP/USD is in bullish hands as reinforced by the golden cross pattern on the daily chart. Ripple is leaving only dust behind as the Launchpad rockets it to higher levels not seen since September 2018. The
Ripple hit a barrier at $0.5 but appears to have embraced support at $0.45. XRP/USD path with the least resistance remains upward but most people wait for a confirmed spike above $0.5. The cross-border token broke out during the weekend in a series of engulfing candlesticks. In the course of the trading last week, $0.31
The altcoins have finally arrived at the Bull run party that Bitcoin initiated a couple of weeks ago, bringing back the memory of 2017. Bitcoin’s bull rally started after the king coin broke past the key resistance of $13,000 and $15,000 and is currently trading at $18,658 registering more than 17% gains over the week.
Ripple resumed the uptrend after bouncing off support at $0.23. Demand for XRP is likely to shoot if the 50 SMA flips into support. Ripple appears to have resumed the uptrend from the support recently formed at $0.23. The fourth-largest cryptocurrency was recently rejected from levels slightly above $0.26. This gave credence to the bearish
Ripple is in grave danger of freefalling to $0.20 if the ascending channel support caves in. XRP/USD is mainly in the bears’ hands, especially with RSI moving towards the oversold area. The cross-border cryptocurrency has generally been in an upward momentum since the beginning of September despite the up and down price action within an
Crypto industry executives have voiced disappointment over the continual indecision from the Indian parliament over the future of the digital asset ecosystem within the country. Ripple CEO Brad Garlinghouse was one of the first to respond to a recent report claiming that India plans to introduce a new law banning trade in cryptocurrencies. The fintech
Ripple tumbled massively from highs above $0.30 only to find support at $0.23. XRP/USD looks forward to a breakout above a key descending trendline as support at $0.23 holds. Ripple, the self-proclaimed cross-border blockchain solution provider fell in tandem with the rest of the cryptocurrency market after a bearish wave swept across the digital space.
Ripple could retake its third spot in the market especially if gains are contained above $0.30. XRP/USD would seek support at the 12-day SMA, the 21-day SMA and the 61.8% Fibo in the event of a reversal. Ripple price is currently hovering above $0.30 after a significant growth pattern from the weekend lows at $0.26.
Ripple breaks out from a descending channel in favor of a brief rally testing $0.21. XRP/USD is in the middle of a retreat from $0.21; all eyes on $0.20 as the formidable support area. Ripple has tried extremely hard not to be a mundane cryptocurrency in terms of trading in July. First, the fourth-largest altcoin
Ripple price renews the bullish momentum after bouncing off support at $0.19. The formation of a bullish flag pattern hints towards a formidable XRP/USD rally past $0.20. Ripple price is attempting to change the narrative that has dominated its market since it hit a hurdle at $0.21 in the first week of July. XRP rallied
Ripple is staring into the abyss after $0.20 support gave in to the increasing seller grip. A falling triangle pattern spells doom for XRP/USD as bearish signs point to $0.19. Ripple, for a couple of days this week was at its tipping point ($0.20). This followed a reversal from an incredible rally that hit a
While Ripple has been endorsing its On-Demand Liquidity [ODL] service and its requirement during the pandemic, different ODL corridors have been displaying low activity. Ripple’s ODL Corridors Take A Hit Cryptocurrency platform, Ripple has been one of the most prominent players of the crypto industry. Ripple has undoubtedly elevated the adoption rate of cryptocurrencies following the