Ripple price is trading above a couple of important supports near $0.2200 against the US dollar. The price is facing a major hurdle near the $0.2280 and $0.2350 resistance levels. Yesterday’s highlighted major ascending channel is intact with support near $0.2230 on the hourly chart of the XRP/USD pair (data source from Kraken). The bulls…
Ripple price is trading nicely above the $0.2200 and $0.2180 support levels against the US dollar. The price is likely to accelerate gains if it breaks the $0.2300 resistance area. There is a new connecting bullish trend line forming with support near $0.2190 on the hourly chart of the XRP/USD pair (data source from Kraken).…
Ripple price is currently correcting from the new monthly low of $0.2005 against the US dollar. The price might correct further higher, but the $0.2270 resistance is a crucial hurdle for buyers. There is a major bearish trend line forming with resistance near $0.2205 on the hourly chart of the XRP/USD pair (data source from…
San Francisco-based Ripple Labs has just completed a $50 million investment in MoneyGram. The funds will help support the use of On-Demand Liquidity, a global payments product that uses XRP. Ripple first committed to the investment in June of this year. It now owns almost 10 percent of the company’s outstanding common stock. Ripple’s $50…
Ripple price is currently struggling to surpass the $0.2560 and $0.2600 levels against the US dollar. The price is likely to decline unless there is a clear break above the $0.2600 resistance. This week’s major bearish trend line is active with resistance near $0.2575 on the hourly chart of the XRP/USD pair (data source from…
Each year, the annual Ripple-hosted Swell conference causes a strong XRP price pump leading up to the event, but the asset typically corrects in a post-event sell-off back to normal price ranges. This year, the pump was underwhelming, and according to one crypto analyst, has amounted to nothing more than a bearish retest that was…
Ripple price is currently correcting higher and is trading above $0.2520 against the US dollar. The price seems to be approaching a major resistance area near the $0.2600 level. This week’s crucial bearish trend line is intact with resistance near $0.2600 on the hourly chart of the XRP/USD pair (data source from Kraken). Ethereum is…
Ripple price is declining and trading below the $0.2560 pivot level against the US dollar. Bitcoin is down more than 3% today and Ethereum broke a major support near $178. There is a new connecting bearish trend line forming with resistance near $0.2530 on the hourly chart of the XRP/USD pair (data source from Kraken).…
SBI Ripple Asia has just confirmed that it will be working with SBI Remit and Vietnam’s TPBank to facilitate remittance payments between Japan and Vietnam. The partnership will enable near-instant, low cost payments using the collaboration between Ripple Labs and SBI Holdings, RippleNet. Although the partnership is certainly encouraging for the adoption of RippleNet, the…
Ripple price is facing a strong resistance near the $0.2740 and $0.2760 levels against the US dollar. The price is likely to continue lower unless there is a clear break above $0.2760. This week’s significant bearish trend line is still active with resistance near $0.2735 on the hourly chart of the XRP/USD pair (data source…