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…
Ripple (XRP) up 3.5 percent Comments from SEC will clear XRP classification status Transaction volumes more than double those of early Feb—streams from BitFinex How XRP is classified will determine whether the asset will crumble or soar. Even so, the addition at CoinBase Pro and CoinBase opening up the currency to more than 26 million…
Ripple price declined further below $0.3080 and tested the $0.3000 support area against the US dollar. The price traded as low as $0.2983 and it is currently correcting above the $0.3050 level. There is a major declining channel in place with resistance near the $0.3145 level on the hourly chart of the XRP/USD pair (data…
Although yesterday’s news that Coinbase would be adding XRP to their platform was a pleasant surprise to investors who had long criticized the exchange for not adding the cryptocurrency to its platform, XRP has dropped today and has surrendered a large portion of its recent gains. XRP’s inability to continue climbing despite the positive news…
Ripple prices up 5.3 percent XRP now supported by CoinBase Pro Transaction volumes have doubled in the last three weeks Perhaps the only triggers needed for higher highs was CoinBase announcement. In days ahead, XRP will be available for trading at CoinBase Pro, and this could help drive volumes higher boosting prices as a result.…