Ripple prices in range mode Fuzzy regulations impede XRP adoption. Transactions volumes drop, prices dip As long as there is doubt on XRP status, financial institutions, as well as processors, will steer clear. Until then, Ripple (XRP) prices will be in range mode trading within tight trade channels with caps at 34 cents. Ripple Price…
Ripple price failed to surpass the $0.3200 resistance and started a downward move against the US dollar. The price traded below the $0.3140 support and it is now approaching the key $0.3080 support. There is a new declining channel formed with resistance at $0.3125 on the hourly chart of the XRP/USD pair (data source from…
The surprise addition of XRP, the native crypto asset of the Ripple network, on Coinbase towards the end of February was the latest, of many, positive moves for Ripple. However, XRP’s price failed to respond in accordance with expectations. Analysts often refer to Coinbase as the “kingmaker,” and in the recent past, crypto assets listed…
Ripple price stayed above the key $0.2970 support and bounced back against the US dollar. The price gained momentum above the $0.3020 and $0.3030 resistance levels to turn positive. Yesterday’s highlighted important bearish trend line was breached near $0.3030 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair rallied above…
Ripple price in an uptrend, trading below 34 cents Regulatory clarity will clear the air catalyzing adoption Average transaction volumes are high, doubles in last month Even though Ripple related news is scarce, increasing participation levels point to an accumulation. To that end, we expect today’s double bar bull reversal pattern off 30 cents to…
Ripple price failed to gain momentum above the $0.3150 resistance and declined against the US dollar. The price is now trading well below the $0.3140 resistance and the 100 hourly simple moving average. There is a crucial contracting triangle in place with resistance near the $0.3095 level on the hourly chart of the XRP/USD pair…
Ripple price tested the $0.3400 resistance area on a few occasions against the US dollar. The price failed to break the $0.3380-0.3400 resistance and declined below $0.3200. There is a crucial contracting triangle formed with resistance at $0.3140 on the 4-hours chart of the XRP/USD pair (data source from Kraken). The pair could dip to…
Mere weeks ago, JP Morgan Chase, one of the world’s largest financial institutions, shocked the crypto space. For those who missed the memo, the Wall Street mainstay unveiled plans to launch its own digital asset, based on the Ethereum-esque Quorum private ledger. Due to its premise, JPM Coin, as the cryptocurrency has been dubbed, was…
February has been a rare month of gains for crypto markets. It is only the third month markets have ended higher since the bear market began. Total market capitalization has been up trending during February following losses the previous month. Starting out at $113 billion crypto markets climbed 14% and ended the month at $129…
Following Coinbase’s decision to list XRP – the cryptocurrency commonly associated with Ripple – many analysts and investors alike questioned whether or not there was an element of insider trading associated with the listing. The concerns come after the exchange faced similar criticism back in late-2017, when investors accused the exchange’s employees of profiting off…