Tag: XRP

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

Crypto Bit News Staff

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

Crypto Bit News Staff

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…

XRP is Starting to Show Signs of Life as Analysts Forecast a Breakout Rally

Crypto Bit News Staff

It’s no secret that XRP has been one of the worst-performing major altcoins within the crypto market. It has faced intense losses in recent months and years, with its investor base being unable to catalyze any significant rebound. This has caused it to lag behind all its peers, significantly underperforming both Bitcoin and nearly all other major altcoins. It even ceded its spot as the third-largest digital asset to Tether (USDT). Part of the reason why the token has been struggling to garner any momentum is due to disappointment regarding…

Ripple Likely Sold XRP in an Unregistered Securities Offering

Crypto Bit News Staff

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…

SBI Invests $30M in B2C2, Largest Proclaimed Market Maker in XRP

Crypto Bit News Staff

SBI Financial Services, a subsidiary of Japanese financial giant SBI Holdings, has bought a $30 million minority stake in British crypto liquidity startup, B2C2. The investment marks the beginning of a strategic partnership between the firms as B2C2 is set to become SBI’s main liquidity provider. As announced on July 1, the collaboration is aimed to expand SBI’s crypto offering to millions of customers. B2C2 is intended to benefit from SBI’s distribution network as the London-based startup launches an electronic prime brokerage. A spokesperson at B2C2 told Cointelegraph that the…

XRP Tanks Compared To Crypto Counterparts Bitcoin And Ethereum, But Why?

Crypto Bit News Staff

XRP spent the last several years as the worst performer in the cryptocurrency market. And even though the altcoin has been beaten and battered, it has recently sunk even lower compared to Bitcoin and Ethereum. Why exactly is the altcoin commonly referred to as Ripple, so severely crippled and unable to gain positive momentum? XRP Underperformance Against Bitcoin and Ethereum Reaches New Extremes For two years running, XRP has been among the worst performers in the cryptocurrency space, alongside XLM. The previously third-ranked cryptocurrency reached an all-time high of over…

XRP Price Can Outperform Bitcoin in the Short Term — Here’s Why

Crypto Bit News Staff

Bitcoin (BTC) price sidewards action of late has been a hunting ground where whales can easily liquidate misinformed traders on leverage trading platforms. Without decent swings, any asset can become boring. But let’s not forget BTC isn’t the only cryptocurrency out there as several altcoins are currently staging somewhat of a comeback. However, there’s one coin that doesn’t seem to be having a good time lately, namely XRP, the fourth-largest digital asset by market capitalization. So in today’s analysis, I’m going to look at whether holding XRP is likely to…

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

Crypto Bit News Staff

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…