This Confluence Of Bullish Factors Shows Ripple (XRP) Could Rally To $0.212

Ripple is up more than 5% and it settled nicely above the $0.2000 pivot level against the US Dollar. XRP price is currently rising and it could continue to rise towards $0.2120. Ripple is slowly gaining bullish momentum above the $0.2000 resistance against the US dollar. The price is trading in a positive zone above $0.2020 and the 100 hourly SMA. There is a rising channel forming with resistance near $0.2065 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could start another rally if…

Ripple (XRP) Surges 5%, But $0.20 Holds The Key For Larger Rally

Ripple rallied around 5% and it broke the key $0.1920 resistance against the US Dollar. XRP price is now testing the $0.2000 resistance, which holds the key for a larger upward move. Ripple price is trading with a strong bullish bias above the $0.1900 level against the US dollar. The price is up close to 5% and it tested the $0.2000 resistance area. There is a crucial declining channel forming with resistance near $0.2000 on the daily chart of the XRP/USD pair (data source from Kraken). The main hurdle for…

Ripple Likely Sold XRP in an Unregistered Securities Offering

In recent months, a number of class-action lawsuits have been filed against Ripple for selling its XRP token in an unregistered securities offering. So far, the United States Securities and Exchange Commission has not published any official statement on this, which has kept everyone guessing. To help put an end to the uncertainty, Chris Giancarlo, former chairman of the Commodity Futures Trading Commission, published a paper last week arguing that Ripple’s XRP is not a security. Giancarlo is famous for helping establish the CFTC’s stance that Bitcoin (BTC) and Ether…

Ripple (XRP) is Showing Early Signs of Fresh Rally, But $0.18 is the Key

Ripple is consolidating above the $0.1720 support zone against the US Dollar. XRP price seems to be preparing for a fresh rally, but it must surpass $0.1800 for a sustained upward move. Ripple is slowly rising and it is currently trading above $0.1750 against the US dollar. The price is likely to face hurdles near $0.1780, $0.1800, and the 100 hourly SMA. There is a major bearish trend line forming with resistance near $0.1760 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could start…

This Confluence Of Bearish Factors Shows Ripple (XRP) Could Dive Again

Ripple started an upside correction after trading as low as $0.1690 against the US Dollar. XRP price is currently facing a strong resistance at $0.1800 and it could resume its decline. Ripple corrected higher above the $0.1720 and $0.1750 resistance levels against the US dollar. The price is currently struggling to clear the $0.1800 resistance region and the 100 hourly SMA. There is a connecting bearish trend line forming with resistance near $0.1780 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair must settle above…

Ripple (XRP) Showing Positive Signs But This Resistance Holds The Key

Ripple is currently correcting higher from the $0.1783 low against the US Dollar. XRP price is showing positive signs, but it must surpass $0.1850 to continue higher. Ripple slowly gaining traction and it is trading above the $0.1800 level against the US dollar. The price is facing a couple of strong hurdles near the $0.1840 and $0.1850 levels. There was a break above a major bearish trend line with resistance near $0.1825 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair must settle above the…

Ripple (XRP) Just Broke $0.18 and It’s Vulnerable For Bigger Decline

Ripple is down more than 5%, and it broke the $0.1850 and $0.1820 support levels against the US Dollar. XRP price could correct a few points, but upsides are likely to face hurdles near $0.1820. Ripple is gaining bearish momentum below the $0.1820 support against the US dollar. Bitcoin and Ethereum started a major decline below the $9,200 and $235 support respectively. There was a break below a key contracting triangle with support near $0.1830 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could…

Ripple (XRP) Topside Bias Vulnerable Unless It Surges Past $0.195

Ripple is currently consolidating below the $0.1900 resistance against the US Dollar. XRP price must settle above $0.1950 and the 100 SMA (H4) to start a strong rally in the near term. Ripple price is slowly moving higher after testing the $0.1850 support against the US dollar. The price is still trading well below $0.1920 and the 100 simple moving average (4-hours). There was a break above a major bearish trend line with resistance near $0.1890 on the 4-hours chart of the XRP/USD pair (data source from Kraken). The pair…

SBI Ripple Asia CEO Expects Greater ODL Expansion into Asia by 2021

Asia may be the next proving ground for crypto firm Ripple to reach with its cross-border payments corridor. In a June 18 interview on the YouTube channel Thinking Crypto, Adam Traidman, CEO of SBI Ripple Asia—a subsidiary of Japanese financial services giant SBI Holdings—Ripple has started to roll out its On-Demand Liquidity (ODL) solution in Asia.  According to Traidman, SBI Ripple Asia has started “limited trial and pilot projects” with various companies for Ripple’s payment corridor, with greater expansion forecast for 2021. “I expect that probably later this year, and…

Ripple (XRP) Lack of Bullish Momentum Could Derail Its Recovery To $0.20

Ripple is slowly correcting higher above the $0.1850 level against the US Dollar. However, XRP price must break the $0.1880 resistance and the 100 hourly SMA to start a strong upward move. Ripple is still trading in a bearish zone below $0.1920 and $0.1880 against the US dollar. The price is currently approaching the $0.1880 resistance and the 100 hourly simple moving average. There was a break above a major declining channel with resistance near $0.1870 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair…