It Will Take Another Year to Know If Ripple’s XRP is a Security or Not

It will take more than a year to understand whether or not Ripple’s XRP is a securities asset, according to Jake Chervinsky. The dispute and investigation lawyer, associated with a global law firm Kober & Kim, tweeted a long thread explaining the next possible course of actions in the ongoing federal lawsuit against Ripple Labs. He said that it took more than nine months for the court to decide whether the case should remain in federal or state court, adding that the court proceedings had just started. “Even though we’ve been…

Ripple (XRP) Align Well with Islamic Principles, Rain to offer Support

Ripple prices drop but bullish Bahrain based Rain will offer six XRP trading pairs to their clients Transaction volumes low averaging 15 million Rain is the first crypto exchange to graduate from SRB’s sandbox and is Sharia compliant. With Ripple presence in Middle East pronounced, XRP prices may respond driving them above 34 cents and later 40 cents in a wave that will cement bulls of late Sep 2018 and those of Jan 30. Ripple Price Analysis Fundamentals At the back of any successful cryptocurrency project is liquidity and Ripple…

Ripple Price Analysis: XRP Flirts With Key Resistance Amid Sell-off

Ripple price failed once again to break the $0.3200 resistance and declined sharply against the US dollar. The price broke the key $0.3125 and $0.3100 support levels to move into a bearish zone. There is a major bearish trend line formed with resistance at $0.3110 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair is currently correcting higher, but it is facing a solid hurdle near the $0.3100 pivot level. Ripple price declined heavily and turned bearish against the US Dollar and bitcoin. XRP/USD may…

Ripple (XRP) Under Pressure Within a 4 Cents Range

Ripple prices oscillating in a 4 cents range xRapid adoption will catalyze XRP interest Average participation levels more than half those of Feb 24-2. Aside from IBM’s World Wire–which would in a way loosen banks allowing these conservative intermediaries to experiment with digital coins, Ripple enthusiasts are watching xRapid and how banks are responding to its value proposition. By using XRP, fund transfer will be faster and cheaper benefiting both parties. If banks are interested, prices of Ripple (XRP) will edge higher as demand increase. Ripple Price Analysis Fundamentals Mercury…

Ripple (XRP) Price Facing Hurdles While Bitcoin, Ethereum Turn North

Ripple price formed a decent support near the $0.3100 level and moved higher against the US dollar. The price broke the $0.3150 resistance, but upsides remain capped near the $0.3200 level. There was a break above a key bearish trend line with resistance at $0.3145 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair faced a strong resistance near $0.3200 and it corrected towards the $0.3150 support. Ripple price failed to hold gains against the US Dollar, but upsides were limited versus bitcoin. XRP/USD is…

IBM World Wire Loosen Banks, Bullish for Ripple (XRP)

Ripple prices flat Stellar—IBM partnership and roll-out of World Wire bullish Transaction volumes must spike above 60 million for bulls or bears to be in charge IBM involvement is a game changer. Although they are launching from Stellar, their confidence in blockchain could see banks experiment with crypto. In that case, some may decide to leverage RippleNet thereby boosting XRP prices—especially if they opt to use xRapid. Ripple Price Analysis Fundamentals Optimistic as we may, we also recognize that banks are conservative. Before experimenting with new technology, it is unusual…

Ripple Price Analysis: XRP Could Decline To $0.3000 As Sellers Take Control

Ripple price is under pressure below the $0.3150 and $0.3200 resistance levels against the US dollar. The price is struggling to stay above the $0.3100 support and it could decline sharply. There is a major bearish trend line in place with resistance at $0.3140 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could decline sharply once there is a break below the $0.3110 and $0.3100 support levels. Ripple price seems to be moving into a bearish zone against the US Dollar and bitcoin. XRP/USD…

Ripple (XRP) Army A Manufactured Web of Bots, Research Reveals

Ripple prices consolidation XRP Army a blend of phony accounts and bots Transaction levels lows and averages more than half that of Feb 24 and 25 Geoff Golberg, an independent researcher with the application of Network analysis on social and blockchain data is confident that the harassing XRP Army consists of fake accounts and bots. If anything, this is negative for price and XRP could print lower. Ripple Price Analysis Fundamentals An independent report now reveals that the so-called XRP army is a lie. Instead, the army consists of thousands…

Ripple Price Analysis: XRP At Risk In Short Term Before Fresh Increase

Ripple price carved a short term top near the $0.3200 level and declined recently against the US dollar. The price failed to stay above the $0.3160 support and moved into a bearish zone. Yesterday’s highlighted key bullish trend line was breached with support at $0.3150 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair traded below $0.3140 and it is now at a risk of more losses towards $0.3080 or $0.3060. Ripple price failed to capitalize on recent gains against the US Dollar and bitcoin.…

Ripple Price Analysis: XRP Sighting Bullish Break Above $0.3200

Ripple price struggled to break the $0.3200 resistance level and corrected lower against the US dollar. The price declined below the $0.3150 level and tested the $0.3125 support area. There is a key bullish trend line formed with support at $0.3145 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair must clear the $0.3180 and $0.3200 resistance levels to start a solid bullish wave towards $0.3300. Ripple price is trading key supports against the US Dollar and bitcoin. XRP/USD must clear the $0.3200 resistance area…