RIPPLE

Ripple Price Analysis: XRP/USD’s Support Turned Resistance

Ripple Price Analysis: XRP/USD’s Support Turned Resistance

NEWSBTC, RIPPLE
Key HighlightsRipple price declined recently below the $0.4520 support and tested $0.4000 against the US dollar.There is a major bearish trend line formed with resistance at $0.4600 on the hourly chart of the XRP/USD pair (data source from Kraken).The pair could correct higher, but the previous support at $0.4520 may act as a resistance.Ripple price failed to hold gains against the US Dollar and Bitcoin. XRP/USD declined towards $0.4000 and it is currently correcting higher.Ripple Price AnalysisYesterday, we saw how ripple price was resilient when bitcoin fell sharply against the US Dollar. However, buyers gave up later, resulting in a sharp decline below $0.4600 in the XRP/USD pair. The price declined below the $0.4520 and $0.4400 support levels. It even broke the $0.4200 support and sett...
TransferWise Chairman: Distributed Ledger Technology Is Very Hard To Use

TransferWise Chairman: Distributed Ledger Technology Is Very Hard To Use

BLOCKCHAIN, BTC MANAGER, RIPPLE
Blockchain technology, which undergirds bitcoin and other digital assets is slowly but steadily making its way into mainstream finance, but some financial institutions remain unconvinced about its potentials. TransferWise, a London-based payments platform has stated it is yet to see anything good in the nascent technology, reported  Fortune on November 19, 2018. TransferWise Not Keen On Blockchain Technology TransferWise,  an Estonian developed and UK-based firm that allows clients to send money across 70 countries in a fast and cost-efficient manner, has made it clear it sees nothing good in blockchain technology and as such, will not be joining the distributed ledger technology (DLT) bandwagon anytime soon. Speaking at the latest episode of Fortune’s “Balancing the Ledger” weekly show, t
Markets Panic: Bitcoin Hits Lowest Since October 2017 as Bitcoin Cash Drops 40 Percent

Markets Panic: Bitcoin Hits Lowest Since October 2017 as Bitcoin Cash Drops 40 Percent

BITCOIN CASH, COINTELEGRAPH, CRYPTOCURRENCY, RIPPLE
A “panicked” twenty-four hours in cryptocurrency markets saw Bitcoin (BTC) hit fresh lows not seen in over a year Nov. 20 as assets across the board shed millions.Data from Cointelegraph’s price tracker, Coin360, CoinMarketCap, and Bitcointicker captured frenetic activity into Tuesday as BTC/USD dropped up to 17 percent, at one point reaching $4,237.Market visualization from Coin360Bitcoin’s daily losses currently total 15.5 percent after a correction to around $4,500, while the situation remains highly volatile as the pair tests new resistance levels.Bitcoin 7-day price chart. Source: Cointelegraph Bitcoin Price IndexThe events mark a continuation of the unsettled conditions sparked Nov. 15 when altcoin Bitcoin Cash (BCH) experienced a contentious hard fork, which has since resulted in th
After Yesterday’s Signs of Recovery, Crypto Markets See Drastic Losses

After Yesterday’s Signs of Recovery, Crypto Markets See Drastic Losses

COINTELEGRAPH, CRYPTOCURRENCY, ETHEREUM, RIPPLE
Monday, Nov. 19: after showing some signs of recovery yesterday, Nov. 18, cryptocurrency markets experience another dramatic fall. Bitcoin (BTC) dipped below the $5,000 mark, with some of the top 20 coins falling by as much as 20 percent at press time, according to CoinMarketCap.Market visualization from Coin360After a modest attempt to clamber into the green zone on Nov. 18, BTC today has slumped by over 10 percent on the day and is trading at around $4,977 as of press time. On its weekly chart BTC has lost 21.37 percent.Bitcoin daily price chart. Source: CoinMarketCap Ripple (XRP) is down almost 2 percent on the day, and is trading at $0.495 at press time. The coin has retained its position as the second largest cryptocurrency by market capitalization since it managed to displace Ethereu...
Bitcoin, Ripple, Ethereum, Stellar, EOS, Litecoin, Cardano, Monero, TRON, IOTA: Price Analysis, Nov. 19

Bitcoin, Ripple, Ethereum, Stellar, EOS, Litecoin, Cardano, Monero, TRON, IOTA: Price Analysis, Nov. 19

BITCOIN, COINTELEGRAPH, CRYPTOCURRENCY, EOS, ETHEREUM, IOTA, MONERO, RIPPLE
The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk, you should conduct your own research when making a decision.Market data is provided by the HitBTC exchange.After a period of three days, the crypto markets have resumed their downtrend. Total market capitalization of the crypto universe has dipped below $170 billion, which is a new yearly low.Following the increase in volatility and the renewed downtrend, some analysts have projected abysmally low prices for Bitcoin. When the sentiment is negative, such forecasts can scare new investors away, and also force the weaker hands to dump their holdings.In its short trading history, is this the first time that Bitcoin has ...
Ripple Price Analysis: XRP/USD Triangle Break to Confirm Upside Momentum

Ripple Price Analysis: XRP/USD Triangle Break to Confirm Upside Momentum

BITCOIN, RIPPLE
Ripple continues to trade inside its longer-term ascending channel but has formed lower highs and higher lows to consolidate in a symmetrical triangle. Price is hovering around the resistance and a break higher could confirm the bullish momentum.The 100 SMA is above the longer-term 200 SMA to signal that the path of least resistance is to the upside. In other words, resistance is more likely to break than to hold. The moving averages are also close to the bottom of the triangle to add to its strength as support in another dip.An upside break from the triangle could spur a rally that’s the same height as the formation, which spans .4500 to around .7500. Ripple could encounter near-term resistance at the mid-channel area of interest at .6000 and the channel top at .7500.Stochastic is already
Ripple Remains Strong Up 10% on The Month, Can it Decouple and Catch Bitcoin?

Ripple Remains Strong Up 10% on The Month, Can it Decouple and Catch Bitcoin?

ETHEREUM, NEWSBTC, RIPPLE
There have been few survivors from last week’s crypto rout which saw almost $30 billion wiped off the markets in a couple of days. Bitcoin for one has taken a beating this time and has settled at a new price range indicating that a recovery could be a long way off. XRP on the other hand has weathered the digital storm and emerged on top, well on top of Ethereum at least.Solid Performance Over The Past MonthRipple constantly claims that XRP has nothing to do with the company but the simple fact is that it does. What happens to Ripple will affect XRP, and with over half the supply locked away by the company, it is still holding all of the strings. Positive developments for both the firm and its token have made XRP one of the few cryptocurrencies to make a gain over the past month. It has mad
Ripple Price Analysis: XRP/USD Could Gain Momentum Above $0.50

Ripple Price Analysis: XRP/USD Could Gain Momentum Above $0.50

NEWSBTC, RIPPLE
Key Highlights Ripple price is holding gains above the $0.4700 support level against the US dollar. There is a key bullish trend line formed with support at $0.4800 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair is likely to accelerate gains once there is a break above the $0.5000 and $0.5180 levels. Ripple price is trading in a bullish zone against the US Dollar and Bitcoin. XRP/USD remains well supported on the downside near the $0.4800 level. Ripple Price Analysis Recently, there was a decent support base formed near the $0.4500 level in ripple price against the US Dollar. The XRP/USD pair traded higher and broke the $0.4800 and $0.5000 resistance levels. There was even a close above the $0.4800 level and the 100 hourly simple moving average. Buyers pushed...
Crypto Markets See Flush of Green as Bitcoin Moves Closer to $5,600

Crypto Markets See Flush of Green as Bitcoin Moves Closer to $5,600

BITCOIN, BITCOIN CASH, COINTELEGRAPH, CRYPTOCURRENCY, ETHEREUM, MONERO, RIPPLE
Sunday, Nov. 18: after a tumultuous week, the crypto markets are today signalling recovery, with most of the top ten cryptocurrencies seeing healthy growth of within a 1 to 7 percent range, and the vast majority of the top 100 crypto assets by market cap in the green, as data from Coin360 shows.Market visualization by Coin360After a steep decline Nov. 14, Bitcoin (BTC) is today showing signs of gentle growth, consolidating its incremental gains in recent days to push the $5,600 price point. As of press time, the leading cryptocurrency is trading at $5,595, up around 0.9 percent on the day, according to CoinMarketCap.After an brief plummet to $5,371 Nov. 16 — $1.000 dollars lower than its value just two days earlier — Bitcoin has slowly traded sideways and upwards over recent days.While man
Hodler’s Digest, Nov. 12–18: a Stablecoin Gets Sharia Certified, the IMF Considers Central Bank Digital Currencies

Hodler’s Digest, Nov. 12–18: a Stablecoin Gets Sharia Certified, the IMF Considers Central Bank Digital Currencies

BITCOIN, BITCOIN CASH, COINTELEGRAPH, CRYPTOCURRENCY, EOS, ETHEREUM, RIPPLE
Coming every Sunday, the Hodler’s Digest will help you to track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions, and much more — a week on Cointelegraph in one link.Top Stories This WeekSwiss Crypto Firm X8 AG Receives Islamic Finance Certification for Sharia-Compliant StablecoinSwiss-based fintech firm X8 AG has received a certification from the Shariyah Review Bureau (SRB) for its Ethereum-based stablecoin. According to the X8 director and co-founder, the ETH-based crypto asset is backed by a basket of eight fiat currencies and gold, allowing Islamic advisors’ concerns over excessive volatility and speculation to be assuaged. The debate whether crypto can be Sharia-compliant has focused