When trade volume peaks, the Bitcoin and Ethereum networks become congested. The team at Xpring has researched this phenomenon and concluded that traders opt to transfer funds using XRP during such periods of congestions. The conclusion is similar to one made by Weiss Ratings back in July of 2018. The Read more…
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 $0.2000 and $0.2050. There was a break above a key bearish trend line with resistance near $0.1975 on the hourly chart of Read more…
The XRP price has broken down from a descending triangle. The closest support level is found at 1,500 satoshis. XRP/USD has broken down from a long-term ascending support line. In the beginning of May, both the XRP/USD and XRP/BTC pairs broke down from important support levels, possibly indicating that the Read more…
With Bitcoin’s halving just a few hours away, the cryptocurrency market appears to have entered a stagnation phase. Ethereum, XRP, and Litecoin are currently held by critical support levels that will determine where they are headed next. Ethereum Sits on Top of Massive Support Wall Ether’s price action appears to be contained Read more…
In his new tweet, commodity trader Peter Brandt makes it clear that he is still bullish on Bitcoin (BTC) and Ethereum (ETH), the two largest cryptocurrencies by market capitalization. He calls these coins “the real deal” as opposed to XRP, which he actually considered to be a manipulated market. Simps & wannabes Read more…
Bitcoin Manipulation Abatement, LLC has filed a lawsuit against Ripple and its CEO Brad Garlinghouse alleging securities laws violations. The lawsuit claims XRP was sold and marketed as a security. Ripple currently faces multiple lawsuits from investors in California claiming damages over the sale of XRP. A new class-action lawsuit Read more…
Dominance charts show high levels of stress in crypto market fundamentals. Bitcoin strives to win, while Ethereum strives to resist in front of the king. Ripple Ltd’s poor results impact on an XRP lacking in positive news. The fight for market dominance between Bitcoin and Ethereum has taken its toll Read more…
A necessary correction – that is the best definition of what happened on April 30, which saw a setback after cryptocurrencies went too far, too fast. Nevertheless, holding onto most gains shows that the trend remains positive. Stock traders are all too familiar with wild movements at the end of Read more…
Despite the fact that all eyes have been on Bitcoin as of late, the hype around a rally in XRP and other altcoins has grown over the past few weeks. After all, Ethereum has embarked on an extremely strong rally against BTC over the past few weeks, retaking support level Read more…
With the XRP price down 95% from its peak, the XRP Army has largely packed up its bags and gone home. During the last two years, Ripple has lost over 63% of its active community, according to data collected from Telegram chat groups by a pseudonymous crypto trader. Aztek’s data Read more…