XRP

The famous cryptocurrency company, Ripple, has achieved yet another thing. The exchange now belongs to the ISO 20022 standards body, which is working towards a new data standard for payments and data messaging between global financial institutions. According to the firm’s claims, it is the first cryptocurrency firm focused on distributed ledger technology (DLT) to become a member of the group. Among other members of the group are several global commercial and central banks, as well as payment processing entities such as…

When it comes to cryptocurrencies, Bitcoin is known for being the leading coin in terms of market capitalization and dominance. It is such that it is referred to as the benchmark cryptocurrency and market analysts use its performance to forecast the entire market direction. People in the cryptocurrency space hold different opinion regarding the performance of Bitcoin and altcoins. According to a trader and technical analyst known as TraderSZ, the performance of altcoins will be better than that of Bitcoin…

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 $254.6 billion. Bitcoin ends the week trading past $9,000 Ethereum increases by 13% to trade well over $200 XRP price breaks beyond the 0.20 barrier after a 12.5% boost COVID-19 is still out there, but governments are looking into easing restrictions in May Crypto Trends 27th of April - 03rd of May 2020: PERFORMANCE…

People have been criticizing Ripple for unlocking its token at the beginning of every month. Just as the month of May began two days ago, the company has unlocked another 1 billion XRP from its escrow wallet. As anticipated, in three tweets, Whale Alert reported that the firm has unlocked more tokens. The three tweets noted the transfer of Ripple 500,000,000 (107,272,434 USD), 400,000,000 (85,856,924 USD), 100,000,000 (21,551,122 USD) from Ripple Escrow wallet, respectively. This is a total transfer of 1 billion XRP…

ETH/USD Pair Price Analysis Over the previous few sessions, the ETH/USD pair has been performing within a wide range over $190. The pair tried severally to surge under the supports at $190 and $188, but could not make it happen. The pair was able to form the recent swing low close to $188 prior to regaining bullish momentum. It surged over $190 and the 100 hourly SMA. The buyers took the pair above the $195 barrier for a change in…

ETH/USD Pair Price Analysis The ETH/USD pair tried severally to surge above the barrier zone between $198 and $200, before it began a downside retracement. It appears that it is following a bearish pattern from the $198 barrier. The recent swing low was close to $188 while the recent high was $195. At the moment, the pair is moving downward and visiting $192. The immediate key support is close to $190 and the 100 hourly SMA. The failure to remain over…

ETH/USD Pair Price Analysis The ETH/USD pair incurred bullish moves mostly over $190 in the previous few sessions. The pair is trying to gather momentum over the barrier zone between $198 and $200. A look at the downside on the pair’s hourly chart shows the formation of a robust support close to $194 and $195. An important observation is the formation of a major bullish trend line with support close to $194. A look at the upside reveals a critical…

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 $219,3 billion. Bitcoin almost recovers to trade at its pre-pandemic value of $7,800 Ethereum sees a 10% increase in price compared to last week. XRP price increases by 3% and gets closer to the $0.20 resistance level Crude oil price goes to an unprecedented negative value. China’s digital Yuan attracts the interest of McDonald’s,…

XRP has been weak in the short-term and based on the words of analysts, it could incur a remarkable upside move in the coming days, which may lead to the immediate key barrier close to $0.22. At press time, the performance of XRP was nominal at a price of $0.196. Over the past week, XRP revealed some signs of strength, moving from $0.18 low to its highs established a few hours ago. Bitcoin has performed better as it moved from weekly lows…