Introduction Cryptocurrencies are the latest disruptive technology to come out of the 2000s. Blockchains claim to be decentralized financial ledgers but many of these projects are shrouded in controversies and issues. Ripple Labs and XRP is a good example of a blockchain project that has remained the source of confusion and debates within the global…
Global Crypto Economy Shrinkage Up To $1.5 Trillion About a year ago now, the crypto economy could easily be evaluated at a whooping value of $2.334 Trillion. However, from 20th December 2021 till 20th December 2022, the economy lost roughly $1.5 Trillion. Today, the global crypto economy is resting at a value which is less…
As recorded on December 10, the trading price of XRP was hovering within two particular ranges. On the lower end, the value of XRP was at $0.386 and on the higher end, it was reportedly at $0.390 per XRP. The data showed that with a valuation of $19.60 billion, XRP ranked as the seventh-largest cryptocurrency…
XRP price outlook is bearish. The next resistance stands at $0.3551. XRP/USD has support at $0.324. Ripple price exhibited losses as the remittance token plummeted toward $0.3496 today. The downward trend remained constant within the past two days, and the price followed a downside trend. Meanwhile, the trend reversals were somewhat unanticipated as bulls led…
ADA price seems to gain strength for the next upside. Price has steadied beyond $0.38 before dipping into a sideways setup. Downward corrections to $0.35 might materialize if Cardano losses the floor at $0.40. Cardano’s price outlook is neither bearish nor bullish today, as the altcoin dipped into a sideways pattern near the $0.40 area….
Reports from the Labor Department indicated that the United States consumer prices slowed in September compared to the previous month. Moreover, inflation emerged faster than what experts had forecasted. Meanwhile, the crypto market noted upsides. Cryptocurrencies revived on Friday following inflation numbers, though still within the range before the data. Nevertheless, the crypto market recuperated…
Ripple’s XRP and Cosmos’ ATOM are among the few assets with substantial upticks within the last 24 hours. Ethereum continues to dip after the awaited Merge. Bitcoin recorded further declines, moving beneath the south-after $20K. That saw the crypto hitting a week low around the $19K vicinity. Also, Ethereum remained down after the Ether 2.0-…
The United States-based crypto firm Ripple has partnered with the foreign exchange platform, Travelex, to facilitate cross-border payments between enterprises. Accordingly, the new development would see Travelex utilize Ripple’s XRP token to process transactions in Brazil. Meanwhile, Travelex will use RippleNet’s On-demand Liquidity (ODL) to facilitate payments between entities using XRP. The Brazilian Central Bank…
Various regulators are showing concern as the crypto market continues its downward slide. They believe it is high time that a move is taken to regulate the sector. Moreover, agencies like the Securities Exchange Commission (SEC) call for more regulations. The SEC boss, Gary Gensler, earlier stated that crypto regulation is not enough. While commenting…
No matter the cryptocurrency you look at in the cryptocurrency industry today, you will witness its price getting chopped. The year 2022 hasn’t been proving to be very pitiful or lenient on the cryptocurrency sector and the month of May is no exception. Ripple’s Alarming Situation While the overall cryptocurrency industry is going through the…
Briefly- Ripple shows buyers’ resurgence as the remittance token tests the resistance level at $1.015. A slight correction to $0.956 will catalyze a 15% upward move to $1.102. XRP registering a swing low beneath $0.688 will see the bullish narrative fading. Ripple (XRP) has maintained an upward streak since breaking out of a critical resistance…
Briefly – BTC price drags lower, suggesting a retest of 50 weekly Simple Moving Average at $44,778. Ether price seems ready for a 16% breakout. Most assets mimic Bitcoin’s price action. Bitcoin (BTC) presents sideways movements, trapped between weekly MAs. The consolidation affected Ether’s price as the leading altcoin sets a bullish formation, preparing a…
Briefly – XRP price slithers close to overpowering the falling trend-line before triggering a massive upswing. A significant-close beyond this obstacle will allow XRP to revisit levels at $0.956, then $1.030. If the cross-border transactions coin formed a lower low under $0.688, it would withdraw the bullish narrative. Ripple’s (XRP) price has traded within downtrends…
XRP has now reclaimed its position as one of the four biggest crypto assets by market capitalization after Ripple claimed a significant victory in court, but its legal fight with the Securities and Exchange Commission (SEC) is not over yet and will undoubtedly end with a victory with a clearance, per a lawyer. Ripple’s capacity…
As the crypto market remained calm, several digital coins flashed lucrative recovery signals. XRP recorded a double-digit gain within the last 24 hours after the alt crossed 38.2% FIB level. On the other part, EOS witnessed corrections as bulls struggled. Meanwhile, SHIB presents a brief bearish outlook. Ripple (XRP) XRP crossed 38.2% FIB hurdles after…
After Tuesday’s mixed sessions, Bitcoin requires a move past $51,500 to expose levels past $53,000. In this Bitcoin’s technical analysis, we will evaluate price actions from yesterday and today, Fibonacci’s, pivot levels, resistance, and support. Moreover, we will explore the global market moves and any vital market drivers. Bitcoin’s Yesterday Price Moves Bitcoin (BTC/USD) surged…
Top cryptos in the financial space appear on a violent move this weekend. However, not all cryptocurrencies move in a similar direction. Let us dig deep. What Happened? If you have not checked your cryptocurrency in the past 48 hours, a lot may be waiting for you. The crypto space is in turbulence at the…
XRP has its price movements locked in a constricted range as symmetrical triangle formation has surfaced. XRP might witness a massive plummet with the decreasing price volatility. Vital support stands at $1.0587, where 50-day SMA appears as Ripple’s foothold. Ripple had its price hovering around $1.0859 with somewhat neutral favoritism. That comes even as SEC…
Despite reaching levels of well above $46,000, Bitcoin prices took a bearish turn for the worse. Recently, it traded below the $45,500 support levels. As of yet, it’s trading below $45,000 and it looks like the price could drop further. At the same time, many altcoins are moving downwards. For instance Ether was trading below…
The case of Ripple Labs with the US Securities and Exchange Commission (SEC) has become one of the most interesting ones to be taking place in the crypto community in 2021. There was another development in the case recently, which is unfortunately a blow for Ripple. This is because a federal judge denied the request…
