XRP

Ripple’s price has yet to show a sign of recovery and is continuing its overall bearish trend. If things are to change, the price should soon begin its recovery, as the market is in a critical area. Technical Analysis By TradingRage The USDT Paired Chart Against USDT, XRP has dropped aggressively below the 200-day moving average around the $0.6 level and has yet to climb above. However, the $0.5 support zone has held the price, and the market is consolidating…

XRP has been projected to hit $17 due to the tightening of the Bollinger Bands which usually triggers a surge in volatility and a subsequent jump of the underlying asset.  Another analyst observes the formation of a rare pattern in the XRP/BTC chart which could lead to the breaking of a 40-day resistance channel.  XRP’s significant move above the $0.5 resistance level after a prolonged period of consolidation appears threatened by a sudden nosedive triggered by an unexpected bearish phase…

In a controversial report, Forbes unveiled a list of 20 “crypto billion-dollar zombies,” Layer 1 (L1) tokens, which the news outlet defines as crypto assets with substantial valuations but “limited utility beyond speculative trading.”  These cryptocurrencies and projects include Ripple, XRP, Ethereum Classic (ETC), Tezos (XTZ), Algorand (ALGO), and Cardano (ADA), among others.  XRP And Ethereum Classic In The Spotlight Ripple Labs, the company behind XRP, was highlighted as a prominent crypto zombie. Despite XRP’s active trading volume of around…

On-chain data shows the XRP whales have been active during the past day. Here are the destinations their moves have been heading to. XRP Whales Have Moved Around Big Amounts In Last 24 Hours According to data from the cryptocurrency transaction tracker service Whale Alert, several large XRP transactions have been witnessed on the blockchain in the past day. More specifically, five transfers in total that are of scale often attributed to the whales have occurred on the network inside…

Ripple will integrate its upcoming stablecoin into the billion-dollar transaction market, giving users a better experience, lower fees and faster settlement than existing options. However, according to Ripple CTO David Schwartz, this won’t wipe out XRP’s role in the ecosystem, as users who are best served by the crypto for payments and transfers will still have access. Much has been made about Ripple’s upcoming stablecoin, which will be launched later this year on the XRP Ledger. Some say it will…

Ripple’s XRP token finds itself navigating through turbulent waters. Over the past few months, XRP has experienced significant price fluctuations, leaving investors pondering the trajectory ahead. Despite a modest weekly gain, XRP remains below its 30-day average, signaling a bearish sentiment prevailing in the market. XRP Price Wobbles: Downward Trend Or Temporary Dip? At its current value of approximately $0.52, XRP reflects a market sentiment characterized by uncertainty. However, amidst the downward trend, a chorus of analysts is singing a…

The market continues to chop, clearly unable to pick a definitive direction throughout the past seven days. The total capitalization currently stands at around $2.5 trillion, more or less where it was during the same time last week. However, there’s been substantial volatility, sending many leveraged traders into liquidations. Let’s have a look. Starting with Bitcoin, it has failed to make any progress during the past seven days, but this wasn’t due to a lack of effort. On Monday, April…

Magistrate Judge Sarah Netburn has set a new course for the Ripple vs. SEC case with a scheduling order. Ripple Labs challenges the SEC’s heavy penalties, advocating for a $10 million settlement. In recent developments, Magistrate Judge Sarah Netburn, following her appointment as District Judge, issued a new scheduling order in the ongoing lawsuit between Ripple Labs and the SEC. According to a report by CNF, this order outlines deadlines for the SEC to respond to Ripple’s motion to dismiss…

This week, we take a closer look at Ethereum, Ripple, Cardano, Shiba Inu, and Polkadot. Ethereum (ETH) Ethereum’s downtrend appears to be coming to an end as the price has decided to move sideways above the key support. For this reason, ETH closed the week with a 2% price increase. This cryptocurrency is now in a range between support at $2,900 and resistance at $3,370. The longer it consolidates here, the more significant the eventual breakout will be. Looking ahead,…