Ripple (XRP) Trading Near Make-or-Break Levels, Can Bulls Break This?

Ripple corrected lower sharply and broke the $0.3000 support area against the US Dollar. XRP is now trading near the key $0.2640 support and it must break $0.2900 for a fresh increase. Ripple price is currently consolidating above the key $0.2640 support area against the US dollar. Bitcoin is also trading in a range above the key $10,500 support area. There is a major bearish trend line forming with resistance near $0.2860 on the 4-hours chart of the XRP/USD pair (data source from Kraken). A clear break above $0.2900 and…

Ripple (XRP) Showing Signs of Weakness But $0.25 Holds The Key

Ripple failed to clear the key $0.3080 resistance and declined sharply against the US Dollar. XRP price is down 5%, but there are many key supports on the downside. Ripple price started a strong decline after it was rejected near the $0.3080 area against the US dollar. The price is down more than 5% and it is approaching the $0.2680 support area. There was a break below a key ascending channel with support near $0.2920 on the hourly chart of the XRP/USD pair (data source from Kraken). The price is…

Ripple (XRP) Recovery Facing Key Hurdles: Can Bulls Outsmart Bears?

Ripple started an upside above the $0.2850 resistance area against the US Dollar. However, XRP price is still facing a couple of key hurdles near $0.3000 and $0.3080. Ripple price is currently correcting higher from the $0.2677 swing low against the US dollar. The price is trading above $0.2850, but it is still facing many key resistances. There is a key bearish trend line forming with resistance near $0.3000 on the hourly chart of the XRP/USD pair (data source from Kraken). The price struggle to continue above the $0.3000 and…

Shots Fired as Ripple CEO Slams Bitcoin For “Centralization” in China

Ripple CEO, Brad Garlinghouse claims the centralization of Bitcoin mining capacity in China is a major point of weakness for the number one cryptocurrency. “China controls the Bitcoin blockchain. There are 4 miners in China that represent the 60%+ of mining capacity and 80% of mining capacity is based in China for Bitcoin and Ether.”– Brad Garlinghouse, CEO @Ripple#xrp #fintech #crypto #blockchain @firstmove pic.twitter.com/lW8NHFldKu — XRP_Cro (@stedas) February 17, 2020 China Controls Bitcoin Claims Ripple CEO In a recent CNN interview, Ripple CEO, Brad Garlinghouse laid out some truths regarding…

Ripple (XRP) Rally Remains Attractive To The Bears If Price Surges To $0.31

Ripple found support near $0.2680 and recovered slightly against the US Dollar. XRP price could continue to rise, but the bears are likely to protect the $0.3100 resistance area. Ripple price is slowly correcting higher from the $0.2677 swing low against the US dollar. The price is back above the $0.2800 area, but it lacks bullish momentum. Yesterday’s two connecting bearish trend lines were breached with resistance near $0.2865 on the hourly chart of the XRP/USD pair (data source from Kraken). The price could recover towards the $0.3000, $0.3050 and…

Ripple (XRP) Nosedives Below $0.30: Is This Fresh Decline or Just Correction?

Ripple declined heavily from well above $0.3200 against the US Dollar. XRP price even dived below $0.3000 and it could continue to move down in the near term. Ripple price fell sharply after the bears were able to clear the $0.3000 support against the US dollar. The price traded as low as $0.2677 and it is currently correcting losses. There are two connecting bearish trend lines forming with resistance near $0.2950 and $0.3000 on the hourly chart of the XRP/USD pair (data source from Kraken). The price must climb back…

MoneyGram Reveals Real-Time Remittance Tech, Based on Visa not Ripple

Remittances giant MoneyGram announced a new service allowing real-time money sending, but the solutions of its blockchain partner Ripple are not involved. MoneyGram recently announced FastSend, a new service that allows its customers to send money in real-time to a phone number via a dedicated website or mobile application. Still, the firm’s answers to Cointelegraph’s inquiries revealed that surprisingly MoneyGram’s latest product does not make use of Ripple’s technology. You don’t need blockchain for real-time settlements Kamila Chytil, MoneyGram Chief Operating Officer explained to Cointelegraph that FastSend uses Visa’s Direct…

Analysis That Predicted Ripple XRP’s $0.17 Bottom: 200% Rally is Coming

XRP has been on an absolute tear over the past 60 days. Since bottoming at $0.17 in the middle of December, the cryptocurrency, currently the third-largest by market capitalization/value, has surged by just under 100%, hitting $0.336 just minutes ago as the time of this article’s writing. Related Reading: This Bitcoin Metric Is Over 100% Higher in 2 Months, and It’s Critical for Bulls This move has caught many traders off guard; indeed, after the asset’s -50% performance in 2019, some cryptocurrency investors were sure the asset was on a…

Ripple (XRP) Approaching Next Crucial Break: Here’s Why $0.35 Holds Key

Ripple surged higher and climbed above the $0.3200 resistance area against the US Dollar. However, XRP price is now facing a strong resistance near the $0.3400-$0.3500 area. Ripple price surged to a new 2020 high at $0.3399 before correcting lower against the US dollar. The price is now consolidating gains above the $0.3150 support area. There is a major contracting triangle forming with resistance near $0.3310 on the hourly chart of the XRP/USD pair (data source from Kraken). The price could either surge above $0.3400 or it might start a…

Ripple (XRP) Rallies 20% To Hit $0.33 But $0.35 Region Could Be Game Changer

Ripple rallied around 20% and it broke the key $0.3000 resistance against the US Dollar. XRP price is now approaching the $0.3400-$0.3500 resistance, where it could face a strong selling interest. Ripple price surged above $0.3000 and $0.3200 to move into an uptrend against the US dollar. The price is up close to 20% and it tested the $0.3400 resistance area. Earlier, there was a break above a major bearish trend line with resistance near $0.2460 on the daily chart of the XRP/USD pair (data source from Kraken). The main…