Other than a brief rise to nearly 2900 sats on January 6, XRP has been mostly consolidating between 2550 and 2700 sats since mid-December, 2019. With Bitcoin and its dominance on the rise, XRP could be in for some sharp movements in the short-term. XRP BTC 4-hour chart Source: XRPBTC on TradingView The 4-hour chart...Read More
On the latest episode of the Unconfirmed podcast, host Laura Shin spoke to Nate Maddrey, senior research analyst at CoinMetrics, a Bitcoin and crypto-asset data analytics firm. During their conversation, Maddrey mentioned how 2019 had been a big year for stablecoins overall, and that Tether is still, by far, the most dominant stablecoin in terms...Read More
XRP has maintained its position among the top three cryptocurrencies, while the development arm of Ripple, Xpring kept up with the innovation streak and the XRP ledger version 1.4.0 was released on Friday, 10 January. Xpring wrote in a tweet: “XRP Ledger version 1.4.0 is available on Mainnet and introduces “Deletable Accounts,” a new Amendment...Read More
XRP, the third-largest crypto has had its downs more than ups; things have started to change for XRP, but the future looks slightly less gloomy. Especially with a tiny surge on the horizon. 4-Hour Chart Source: XRP/USD TradingView XRP’price successfully completed a reversal pattern [triple bottom] and surged by 15% reaching $0.22. This pump for...Read More
Ripple’s breakout on Monday could be a sign of things to come, analysts say. | Image: shutterstock.com Ripple paints the largest volume in months. The pump is giving analysts a reason to be cautiously optimistic on XRP. Some traders expect Ripple to set the tone for other top coins. To say that Ripple (XRP/USD) had...Read More
The XRP price climbed 14%, making it the second-highest gainer in the market cap top hundred. The unexpected surge coincided with a healthy yearly report, and the news that Ripple investment Moneygram achieved record transaction growth. XRP coin price returns to early December levels. Editor’s note (01/08/2020): The article has been updated for clarity. The...Read More
Cryptocurrency exchange Binance announced the introduction of leveraged perpetual swap contracts. Price surged 8 percent a few hours before the official announcement, raising suspicion from the community. XRP Derivatives Gaining Traction Perpetual swap contracts for XRP have been popping up on more and more exchanges in the last few months. The launch of Binance’s XRP/USDT...Read More
Ripple’s XRP is booming at the start of the new year, suddenly spiking by 8% on January 6. In the past few days, the coin started showing signs of a revival, and has now returned to $0.21. Futures Market Announcement Boosts Price Performance XRP has been pressured by its protracted slide, and has fallen almost...Read More
Looking at the overall transaction value of different cryptocurrencies, interesting trends become apparent. It would appear that XRP has successfully overtaken ethereum in this department, at least temporarily. The overall adjusted value of transactions on both networks is relatively high. XRP Beats Ethereum, for a Change Virtually every day, ethereum beats XRP hands down in...Read More
Ripple/USD Technical Analysis XRP has a bearish short and medium-term trading bias The four-hour time frame shows that a bullish inverted head and shoulders pattern may be forming The daily time frame shows that a bearish wedge breakout remains in play XRP is attempting to recover towards the $.20 level, after the third-largest cryptocurrency by...Read More
Since 16 December, XRP has been hovering around the $0.19 mark, with intermittent dips under $0.185 and rises around $0.198. With a value of around $0.191 at the time of writing, XRP could be in for a short-term rise in value, despite its less-optimistic long-term prospects. XRP 4-hour chart Source: XRP/USD on TradingView Following a...Read More
XRP has been one of the worst performing major cryptocurrencies throughout 2019, as it struggled to gain the upwards momentum seen by Bitcoin in the early half of the year, while underperforming BTC during its downtrend during the second half of the year.This bearishness may spill over into 2020, as the cryptocurrency’s fundamental strength is...Read More
Ripple’s controversial native token XRP closed 2019 at a substantial loss, but according to a prominent analyst, the cryptocurrency is ready to break the bearish jinx in 2020.Crypto Michaël, a popular cryptocurrency analyst on Twitter, spoke about this on Wednesday, saying that the XRP-to-dollar exchange could undergo a massive trend reversal this year. The top crypto...Read More
Ripple blockchain’s native token XRP registered one of its worst performances in 2019. And it is likely to extend its losses in 2020.The XRP-to-dollar exchange rate is down by circa 49 percent on a year-to-scale. At the same time, the token’s price against the benchmark cryptocurrency bitcoin has plunged by more than 72 percent within...Read More
Ripple’s on-demand liquidity [ODL] corridor to Mexico has been active ever since its launch and has been leading the liquidity game. On 30 December, the XRP/MXN corridor on Bitso reached an all-time high, with liquidity surging by over 10 million. According to the Liquidity Index Bot, XRP/MXN corridor noted liquidity of 10,189,161 million and has...Read More
Having maintained its value above $0.25 for most of 2019, XRP’s dip below the mark gave birth to alarm bells throughout the community, a community that had already been in a frenzy before the ~17.5% drop to $0.178 in mid-December. At the time of writing, XRP was priced at around $0.19 and realistically, could move...Read More
Ripple has taken the adoption of XRP to a new technological level by making it a part of its services. The use of Ripple’s platform has resulted in increasing trust from financial institutions, as well as the adoption of XRP. However, as the community waited to see an upward push in the digital asset’s price,...Read More
XRP hasn’t done too well in the past 12 months, plunging by 47% since Jan. 1st, 2019. For some perspective, Bitcoin has gained a jaw-dropping 90%, surging on the back of a confluence of factors, which includes a capital flow from altcoins to the market leader BTC.Tis the season to feast on the tears of...Read More
The year 2019 began with a flat start. However, as the year progressed, hopes for another bull run gained momentum. However, it did not take much time for the community to notice that there was no bull run or alt season, but just another period where most cryptos shed their value. According to a research...Read More
Yesterday proved to be a positive day for many cryptocurrencies, as Bitcoin’s fleeting rally allowed most major altcoins to post gains of 3% or more. XRP, which has been struggling to gain momentum over the past few days, attempted to break back into the $0.20 region, although the resistance at this level proved to be...Read More
Ripple has been at the forefront of promoting XRP in different parts of the world through its cross-border payments service. RippleNet has managed to diversify its network with over 300 financial institutions, allowing most of them to use its on-demand liquidity services. Although the price of the digital asset still worries many within the community,...Read More
Analyst, Mati Greenspan sees the XRP price continuing to struggle in the short term due to Ripple sell-offs, and the fact that financial institutions don’t need the token to access the benefits of the Ripple network.Yes. XRP tokenomics is a bit funny that way. The two main issues…1. Ripple holding a large portion of tokens...Read More
A recent statement from an online broker, TD Ameritrade, shows that the firm still hasn’t ruled out adding XRP to its platform, causing the coin’s community to speculate about its potential addition. The adoption of cryptocurrencies continues, and many expect that the following decade will be crucial for the crypto trend. With every little victory...Read More
It is not a secret that altcoins, such as XRP, haven’t done too well in 2019. While Bitcoin (BTC) is up over 90%, starting the year in the $3,000s and now trading at $7,200, a number of leading cryptocurrencies have actually posted losses on the year.Although nearly all asset classes from precious metals to equities...Read More
Ripple price is slowly grinding higher and approaching the $0.2000 resistance against the US dollar.XRP seems to be forming a nice support near the $0.1940 and $0.1925 levels.There is a key rising channel forming with support near $0.1945 on the hourly chart of the XRP/USD pair (data source from Kraken).The price remains well bid and...Read More
The precarious nature of Bitcoin’s recent price action does not lend itself to helping generate bullish price action amongst major altcoins, but one prominent analyst is noting that he believes Ethereum, XRP, and Bitcoin Cash are all decently positioned to see further upside against their USD trading pairs in the near-term.Other analysts concur with this...Read More
Very few companies survived the aftermath of the ICO hype, Ripple is one such company that was inspired by ideologies of Bitcoin and built to make cryptocurrencies better, faster, and more secure. Although the narrative around Ripple and XRP has changed over the years, both have done more than just survive: they have flourished. As...Read More
Looking back at 2019, altcoin XRP witnessed a major drop in its price throughout the year. Currently priced at $0.193, XRP is at its yearly low. Despite XRP’s price, the altcoin stands as the third-largest coin with a market cap of $8.39 billion. Additionally, Grayscale’s report also suggested that XRP had gained “momentum among both...Read More
A look at the price movement chart for XRP since its inception showed little price action over the last year. 2019 saw a yearly high of around $0.50, a dismal price-tag compared to 2018’s high of $3.31. It had breached under the $0.20 mark earlier this month and has had some trouble recovering from the...Read More
The CEO of fintech company Ripple is now offering a bold prediction for what the new year holds in store for the cryptocurrency markets, as he believes that the market-wide purge that was largely anticipated to occur in 2019 will actually take place in 2020.This market-wide “consolidation” trend that he anticipates to occur in the...Read More
