Get the weekly summary of crypto market analysis, news, and forecasts! This Week’s Summary The crypto market ends the week at a total market capitalization of $2,17 trillion. Bitcoin continues to trade at around $62,300. Ethereum experiences no changes and stagnates at around $2,400. XRP is down by 2%, Solana by 1%, and Dogecoin by 3%. Almost all altcoins are trading in the red, with very few exceptions. The DeFi sector decreased the total value of protocols (TVL) to around…
Ripple
XRP In a Fight to Stymie Downward Spiral
XRP/USD's price rallied past the $0.2800 mark. However, it couldn't carry the momentum past the $0.2860 level. Currently, the price is experiencing a downside towards the major supports at $0.2700 and $0.2650. XRP Steady Gain Recently, the price gained steadily from the $0.2650 support zone. Consequently, it broke the $0.2800 barrier zone in addition to the 100 hourly SMA. Despite the gain, the buyers couldn't push the price beyond the $0.3000 barrier. It established a swing high near $0.2861…
5 years ago
Bitcoin makes a pit stop after racing upwards for six weeks
Get the weekly summary of cryptocurrency market trends, news, and forecasts! This Week’s Summary The Crypto Market ends the week at a total market capitalization of $286 billion. Bitcoin loses momentum and falls below $10,000 Ethereum value remains above the $260 threshold. XRP ends at $0.28 and continues its bullish attempt to get beyond the $0.30 mark Tezos almost breaks the $4 barrier before dropping at $3.51 Binance goes through unexpected maintenance work. Concerns over the coronavirus continue to impact…
5 years ago
Ripple CEO Ascertains XRP’s Place on the Table Amidst USD-backed CBDC Launch.
The race to launch a CBDC among central banks worldwide is perpetually picking up as its development is ongoing in nations like Singapore, while China buckles up for its launch within 202o. However, people's focus is set on the US Federal reserve's potential to release a CBDC backed by the favored currency, USD. In recent times, reports have it that the Head of Blockchain technology said that the company would not release its JPM Coin if the Federal Reserve released…
5 years ago
MoneyGram Joins Visa to Present Instant Payments without Ripple and XRP Assistance
The most recent release from MoneyGram is an instant payment service that uses the power of Visa's payments to transfer money. Although the platform has been using Ripple's XRP as a remittance network, MoneyGram does not include XRP in its new service. The name of MoneyGram's new instant remittance platform is FastSend, and it allows its users to send money just by using the name and phone number of the recipient. Moneygram is using Visa payments to facilitate fast transactions…
5 years ago
Ripple Releases New Job Positions to Try Expand XRP Adoption
Currently, Ripple is hiring with its new job openings, showing how ready the company is for spreading the adoption of XRP. This blockchain firm is hiring ten new people to add them to their team in new positions through fundraising and the new Xpring development. Among the new but senior positions are a product management director, vice president in developer relations, and a senior infrastructure engineer. These new positions will help create a network offering engineers the XRP ledger as…
5 years ago
Novogratz Expresses Surprise at XRP’s Outperformance of BTC in 2020
Speaking at the LINC 2000 conference a week ago, Galaxy Digital's CEO Mike Novogratz stated that Bitcoin would outperform XRP by a wide margin this year. Novogratz took to Twitter to explain his bearish call on XRP in light of his conference's utterances. He registered his astonishment at XRP's and the overall altcoin market's performance so far in 2020. By the time of going to press, XRP and BTC prices had appreciated by 43 and 36 percent, respectively. That said,…
5 years ago
MoneyGram Embraces Ripple’s On-Demand Liquidity Solution
MoneyGram is utilising On-Demand Liquidity, which is a cross-border payment solution powered by Ripple. The On-Demand Liquidity is now available in the five global payment corridors. Recently, Ripple’s senior official, Asheesh Birla noted the firm’s progress with their corporate partners. On the other hand, Bitso also moved $18 million of remittance through XRP at the end of 2019, and its growth is currently at 15% to 20% weekly. Birla also pointed out that MoneyGram is now active in five corridors,…
5 years ago
Simple Textbook Analysis Spells a Possible 100 Percent XRP/BTC Rally
XRP's performance was not quite a success last year as many expected. The year 2019 saw the XRP/USD price subside by 50%, placing it together with several underperforming traditional asset classes. Last year's powerful BTC's performance, which exhibited a more than 90 percent rally, caused a dramatic downward spell in the XRP/BTC pair's price. The pair's value even went further lower than the XRP/USD price together with other fiat currencies. The cost of one XRP is now below 3k satoshis,…
5 years ago
XRP is Prone to Plunge Soon
The XRP/USD pair failed to rise above the barrier at $0.2400. The pair's price is dropping at the moment, and it appears at risk of falling below $0.2300 and $0.2240. Currently, the price rose over the barriers at $0.2320 and $0.2350. However, the price could not secure a momentum and topped close to the $0.2420 zone. It did not form a high close to $0.2415 and started inclining. The XRP/USD pair surged past $0.2380 and $0.2350. At the moment, XRP…
5 years ago