All across the cryptocurrency community, there’s buzz once again about an altcoin season. But it may not only be current market participants driving the current surge in altcoins.Google Trends shows that search queries for “altcoins” have reached the second-highest point in all of 2020. What’s this mean for the crypto market?Is Alt Season Upon Us?…
It’s no secret that XRP has been one of the worst-performing major altcoins within the crypto market.It has faced intense losses in recent months and years, with its investor base being unable to catalyze any significant rebound.This has caused it to lag behind all its peers, significantly underperforming both Bitcoin and nearly all other major…
XRP continues to sink, as does the stomachs of investors who have held the altcoin as a loss for over two years running.All that loss and suffering could soon come to an end, due to a number of signals that could indicate the asset has finally found a bottom.Remembering The Ups and Downs of Ripple…
XRP spent the last several years as the worst performer in the cryptocurrency market. And even though the altcoin has been beaten and battered, it has recently sunk even lower compared to Bitcoin and Ethereum.Why exactly is the altcoin commonly referred to as Ripple, so severely crippled and unable to gain positive momentum?XRP Underperformance Against…
Blockchain data transparency offers a figurative ocean of information at a click. New data shows that Ripple whales are buying up any XRP small fish sellers are offering up.In the past, XRP broke out from downtrends with an explosive move. With so many whales accumulating, will there soon be a “thar she blows” moment?Ripple Protocol…
It’s no secret that XRP has been struggling to garner any momentum over the past few years, with its downtrend not being able to reverse despite many of its peers posting intense rallies throughout 2019 and 2020.Its weakness may be far from being over, as the on-chain data shows that one notorious scam ring currently…
Ripple’s XRP stole the spotlight of the cryptocurrency market after the former chairman of the U.S. Commodity Futures Trading Commission (CFTC) Christopher Giancarlo affirmed that it does not qualify as a security. Instead, the so-called “Crypto Dad” argues that the cross-border remittances token can be considered a currency like any other sovereign currency.“Ultimately, under a…
Ripple’s XRP has been consolidating within a narrow trading range for over the past month. The price action of this cryptocurrency is mostly contained between the $0.192 support level and the $0.212 resistance.Throughout this stagnation phase, the Bollinger bands were forced to squeeze based on XRP’s 1-day chart. Squeezes are indicative of periods of low…
It’s no secret that XRP has been one of the worst performing cryptocurrencies throughout the past couple of years, woefully underperforming both Bitcoin and its USD trading pair.This underperformance may soon extend even further, as analysts are noting that the crypto is on the cusp of seeing another breakdown as it hovers just above a…
XRP, the underlying token of the Ripple’s flagship blockchain, is not a practical cryptocurrency for holding, said a top market analyst.The statements appeared in the wake of XRP’s dismissive performance in 2020 against its better-performing rivals, such as bitcoin.The analyst said the Ripple token could fall by another 50 percent before it pursues a retracement…