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…
The number three ranked cryptocurrency by market cap, XRP, exploded this morning, rising more than 6 percent in less than two hours of intraday trading.Will the Ripple rally continue? And what are the driving forces responsible for today’s surging XRP prices?XRP Finally Rips, Growing Over 6 Percent in Two Hours FlatIt’s difficult to ignore just…
XRP is yet another cryptocurrency that has been relatively stagnant. But just like another altcoin that is very closely related to the number three ranked crypto asset that recently saw a strong surge in price, a repeating fractal on XRPUSD price charts could point to a redemption rally and the start of a new uptrend.After…
XRP has been struggling to garner any notable momentum in recent times, with the latest market-wide uptrend leading the embattled cryptocurrency up to its near-term resistance at $0.20 – a level that it has failed to surmount since mid-February.The crypto is continuing to show some signs of weakness as it hovers just below this level,…