After having a gloomy Christmas, the only relief for traders today is that Bitcoin is still holding support at the $7200 region. After touching $7,700 a few days ago, BTC is currently trading above $7,200. A decline below $7,000 will, in no doubt, be stressful for traders who are already disappointed with the Christmas market...Read More
Ripple price is now trading well below the $0.2000 and $0.1950 supports against the US dollar.XRP is facing hurdles, while bitcoin and Ethereum are declining steadily.There is a connecting bearish trend line forming with resistance near $0.1890 on the hourly chart of the XRP/USD pair (data source from Kraken).The price could continue to decline unless...Read More
Grayscale, an institutional crypto asset management company, recently released a report analyzing XRP’s coin history, protocol, price, transaction speed and more. According to the report, the early developers of the XRP Ledger focused on creating a fast protocol that challenged established financial systems. Grayscale found that Ripple is less decentralized than BTC and ETH, although...Read More
It’s no secret that XRP – the digital currency with close ties to FinTech company Ripple – hasn’t had the best year from a technical perspective, ending the year on a low note after recently setting fresh post-2017 bull run lows.Although this bearishness may or may not be justified while considering its fundamental utility and...Read More
By Dmitriy Gurkovskiy, author at RoboForex Blog On Tuesday, December 24th, the XRP stopped falling. It is generally trading around $0.19. On D1, XRP/USD keeps developing a downtrend after the renewal of the previous minimum. The main goal of the current movement is the psychologically important level of $0.1000. Convergence on the MACD signals a...Read More
Ripple price is still struggling to gain momentum and declining below $0.1920 against the US dollar.Yesterday, XRP failed to rise substantially, while bitcoin and Ethereum climbed more than 5%.Recently, there was a break below a major bullish trend line with support near $0.1955 on the hourly chart of the XRP/USD pair (data source from Kraken).There...Read More
XRP has been facing some bearish price action in recent times despite the ongoing recovery seen across the aggregated crypto markets and the increasing investments that Ripple is making to further enhancing the token’s utility.Analysts are noting that this lackluster price action is likely to result in further downside for XRP in the near-term, with...Read More
In another boost for the XRP ecosystem, Bitrue, a Singapore-based cryptocurrency exchange announced that it will soon list 27 new XRP pairs on its platform. With XRP as the base pair, the first 14 coins to be paired with it will be opened for deposits and withdrawals starting on 23rd December. The official blog post...Read More
XRP was not among the gainers as the cryptocurrency market attracted capital of up to $12 billion in a day.The Ripple blockchain’s native asset slumped by up to 2.19 percent on Monday to establish an intraday low of $0.194. The downside move negated XRP’s gains – registered during the Sunday trading session – by 1.38...Read More
Ripple’s ODL corridor to Australia was tested for over a year before its CEO, Brad Garlinghouse announced the gateway will go live Via FlashFX, an Australian Exchange. However, the ODL service has been noting minimal transactions, pointing out that the corridor has not been activated yet. Meanwhile, Flash FX expanded its ODL service to the...Read More
Ripple price is slowly rising and it is now trading above $0.1950 against the US dollar.The price seems to be lacking bullish momentum above the $0.1980 and $0.2000.There is a key bullish trend line forming with support near $0.1950 on the hourly chart of the XRP/USD pair (data source from Kraken).Ethereum is showing positive signs...Read More
Ripple, a company behind XRP cryptocurrency, became a $10 billion blockchain giant after raising $200 million in a funding round earlier this month. But according to one prominent trader, the San Francisco firm has no value.Tone Vays, a former Wall Street trader and vice president of JP Morgan Chase, criticized Ripple for sucking value out...Read More
The finance industry as a whole has been hesitant to embrace or adopt crypto in any forms, with many major figures within the industry claiming that Bitcoin and other digital assets are simply speculation tools that investors use to try to turn quick profits, rather than revolutionary technologies that could help usher in a new...Read More
Another week, another round of Crypto Tidbits. This week has been quite a tumultuous one for the Bitcoin market. As of the time of writing this, the cryptocurrency is effectively flat on the week, posting a slight loss of 1%. But this statistic hides the truth: this week has seen BTC undergo two 10% swings, one to...Read More
With XRP dipping below $0.20, it has been a tough time for bag holders to bear as this is the second time XRP has dipped below the $0.20 point in a month. Even as Ripple, the company closely affiliated with XRP, makes headway into the payment industry, the price of XRP seems to facing troubled...Read More
Ripple has a great end to Year 2019. The network announced that it has earned $200M funding in a Series C investment. The Series C was led by Tetragon with participation from SBI Holdings and Route 66 Ventures. Ripple plans to use these funds to accelerate XRP adoption globally. Following the news, XRP price saw...Read More
The dollar price of Ripple’s token XRP has remained relatively flat, with a long-time gradual slide for all of 2019. But the story about price action may be hidden in another pair, XRP/BTC. XRP Closes In on Crucial Level Against BTC XRP may be nearing another crossroad level, though not expressed in terms of dollar...Read More
FinTech startup Ripple announced today that they are capping off a “record” year with a $200 million Series C fundraising round, which was completed in hopes of providing them with more flexibility to help continue building their operations on a global scale.This fundraising round comes concurrently with significant community criticism of the company’s regular market...Read More
Blockchain start-up and XRP proponent Ripple says it’s raised a $200 million investment round, lifting its valuation to $10 billion.The post appeared first on NewsBTCRead More
Ripple has a bearish short-term and medium-term trading outlook The four-hour time frame shows that a bearish head and shoulders pattern has been triggered The daily time frame continues to show Ripple testing long-term trendline support Ripple has moved to test long-term trendline support below the $0.20 level, following the heavy cryptocurrency market sell-off earlier...Read More
Ripple’s partnership with SBI and MoneyGram proved to be beneficial for expanding the digital asset’s use cases. During the Swell Conference of 2019, Ripple spoke about several partnerships it had kept undercover, which will be announced in 2020. As the year comes to an end, Ripple talked about three major themes of 2020 that might fuel...Read More
Ripple, the company behind one of the world’s largest cryptocurrencies by means of total market capitalization, has received $200 million as a Series C funding. The money will go towards improving the XRP Ledger and to push the utility of XRP, in general. Ripple Seals $200M Investment Deal According to an official announcement, Ripple has...Read More
Ripple announced raising $200 million Series C funding, led by Tetragon with participation from SBI Holdings and Route 66 Ventures. This investment set a record for the company and affirmed the value of blockchain in improving global payments. SBI Holdings’ partnership with Ripple has been cemented through its venture, ‘SBI Ripple Asia’ to fuel ODL...Read More
Ripple price is currently correcting higher from the $0.1741 low against the US dollar.It seems like the bulls are struggling to clear the $0.2000 resistance area.Yesterday’s highlighted major bearish trend line is active with resistance near $0.2050 on the hourly chart of the XRP/USD pair (data source from Kraken).Bitcoin rallied more than 10% and Ethereum...Read More
Ripple’s collaboration with MoneyGram made headlines in 2019, with the two firms united in their common pursuit to boost cross-border remittances. The American fintech company recently revealed that Ripple made a $20 million investment over its initial $50 million equity investment, after the successful experimentation of Ripple’s on-demand liquidity added a credible foundation to their...Read More
Ripple’s XRP is the third-largest cryptocurrency by market cap. But its massive supply and a number of other factors will continue to be at the root of its struggles as we enter a new year. The Rise and Fall of XRP Just like all the major cryptocurrencies, XRP price enjoyed its heyday at the start...Read More
Ripple’s native asset XRP fell into an extreme negative area this Wednesday as investors pulled billions of dollars out of the entire cryptocurrency market.The XRP-to-dollar exchange rate established an intraday low of $0.174 on BitStamp around 1300 UTC. That brought the pair down by 4.39 percent from the market open. At the same time, the...Read More
Ripple price is diving below $0.1900 and it recently traded to a new 2-year low against the US dollar.It broke a significant support, opening the doors for further losses below $0.1800.There is a key bearish trend line forming with resistance near $0.2100 on the 4-hours chart of the XRP/USD pair (data source from Kraken).BTC and...Read More
Ripple, Inc. looks to be on an expansion spree, despite the industry-wide layoffs with smaller crypto startups. Not even the price drop of XRP seems to faze the company, which is on a mission to offer a payment protocol to compete with SWIFT. Ripple Expanded Staff in December Ripple statistics show the latest hirings in...Read More
What has been a surprise today are the epic dumps by high cap crypto assets such as Ethereum, BCH, Litecoin, and EOS. Altcoins Nearing Crypto Winter Lows Total market capitalization has dumped by almost $10 billion over the past twelve hours or so. The plunge took crypto markets down to $186 billion, their lowest levels...Read More
