The number three ranked cryptocurrency by market cap, XRP, exploded this morning, rising more than 6 percent in less than two hours of intraday trading.Will the Ripple rally continue? And what are the driving forces responsible for today’s surging XRP prices?XRP Finally Rips, Growing Over 6 Percent in Two Hours FlatIt’s difficult to ignore just…
XRP is yet another cryptocurrency that has been relatively stagnant. But just like another altcoin that is very closely related to the number three ranked crypto asset that recently saw a strong surge in price, a repeating fractal on XRPUSD price charts could point to a redemption rally and the start of a new uptrend.After…
More than $80 billion have been injected in the cryptocurrency market over the past month. The substantial inflow of capital allowed most digital assets to recover the losses incurred during the Mar. 12 crash. However, a well-known technical index among institutional investors suggests that a retracement is underway.Bitcoin current chart thoughts. Have had a low…
Ripple is trading nicely in a bullish zone above $0.1950 against the US Dollar. XRP price is likely to accelerate higher above the $0.2000 and $0.2020 resistance levels.Ripple price is showing signs of more upsides above $0.2000 against the US dollar.A key support is forming near the $0.1920 pivot level.There is a major bullish trend…
XRP has been struggling to garner any notable momentum in recent times, with the latest market-wide uptrend leading the embattled cryptocurrency up to its near-term resistance at $0.20 – a level that it has failed to surmount since mid-February.The crypto is continuing to show some signs of weakness as it hovers just below this level,…
The aggregated cryptocurrency market has been caught within a firm uptrend throughout the several days, but XRP has been unable to match the significant gains seen by Bitcoin, Ethereum, and many other major altcoins.This trend is particularly clear today, as the embattled token is only trading up marginally while Ethereum has surged over 4% and…
A popular sentiment that has developed over the past few days is that XRP, the third-largest crypto by market capitalization, is poised to explode higher. Top altcoins, after all, have seen strong performances over the past few weeks, with Ethereum, especially, starting to post notable gains against Bitcoin.Luke Martin, a prominent crypto trader featured on CNN…
Ripple started an upward move above the $0.1850 resistance area against the US Dollar. However, XRP price is struggling to gain momentum above the $0.1900 and $0.1920 resistance levels.Ripple price is showing positive signs above the $0.1850 pivot level against the US dollar.The bulls are still struggling to gain strength above the $0.1900 and $0.1920…
The market capitalization of Tether (USDT) surpassed that of XRP this week.The dollar-pegged stablecoin is now the third-largest cryptocurrency. Macro factors led the demand for USDT higher, including traders’ flight-to-cash amidst the fast-spreading novel Coronavirus pandemic.Tether has replaced XRP, the native token of the San Francisco-based blockchain payment firm Ripple Labs, to become the third-largest cryptocurrency…
Ripple is down more than 5% and it broke the key $0.1850 support against the US Dollar. XRP price is correcting losses, but upsides are likely to remain capped near $0.1850 or $0.1880.Ripple price is showing bearish signs below the $0.1880 pivot level against the US dollar.The previous key support near $0.1850 is likely to…