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…
Things just keep getting worse for the crypto asset known as XRP. After an extremely poor performance over the last two years, the latest crash across crypto has caused the stablecoin Tether market cap to “flipped” the previously third-ranked cryptocurrency, Ripple.Tether Unseats XRP As The Third-Ranked Cryptocurrency, Flippening Is OfficialXRP has earned itself a negative…
A new XRP scam involving an email distribution posing as Ripple is making its way across the cryptocurrency community.Unlike most scams that are riddled with spelling errors and offers that seem far too good to be true, this latest phony attempt to steal people’s crypto appears to be highly believable.Ripple Investor’s Rough Ride Over the…
Ripple failed to stay above the $0.2050 resistance and declined recently against the US Dollar. XRP is showing bearish signs and it could decline further below $0.1980 and $0.1960.Ripple traded as high as $0.2066 and recently started a fresh decline against the US dollar.The price is showing many bearish signs below the $0.2050 and $0.2020…
Ripple remained strong above $0.1900 and $0.1920 against the US Dollar. However, XRP must surpass the $0.2000 and $0.2050 resistance levels to gain bullish momentum in the near term.Ripple is slowly moving higher and it is trading above the $0.1950 level against the US dollar.The price is currently facing a couple of key resistances near…
Despite it being the fourth most valuable cryptocurrency, cynics have long questioned if XRP has a use case for retail investors and traders.They ask if it’s only a coin for banks and financial institutions, or if the asset has any investment potential due to the difference between the “tokenomics” of Bitcoin and of XRP.According to…
At present, fintech firm Ripple is already subject to several lawsuits that allege it broke SEC rules by selling unregistered securities with sales of the XRP crypto token.But in a further blow, attorneys for a company called Bitcoin Manipulation Abatement LLC filed a fresh lawsuit with the US Federal District Court on May, 1st 2020.Consequently,…
XRP, the native cryptocurrency to the Ripple protocol, has struggled throughout the bear market. The number three crypto by market cap has lagged behind most other altcoins in recovering from the most extreme lows.That all soon could change, after last night’s weekly close may have confirmed downtrend resistance as support. It also may confirm a…
Although Bitcoin has erupted over the past 24 hours, XRP has remained muted. The top altcoin is up 1% in the past 24 hours while BTC has surged 8% higher, failing to react to Bitcoin breaking past $10,000.This price action has convinced analysts that XRP is poised to retrace, in spite of the influx of…
XRP may have rallied over 100% from its recent local bottom following Black Thursday and 20% within the last ten days alone, but last night’s weekly close could have deadly implications for the number three crypto asset by market cap.Ripple’s Over 100% Rebound From Black Thursday LowsAfter maintaining the title of the worst-performing asset in…