Tag: XRP

Analysts Expect Ripple’s XRP to Surge to $0.30: Here’s Why

Crypto Bit News Staff

The entire crypto market has been on a tear over the past week, gaining dozens of percent. But altcoins like XRP, especially, have done rather well. In fact, the third-largest cryptocurrency over the past week gained over 15%, per data from Coin360. Although this price surge has brought XRP to only $0.24, which means that it is still down by more than 93% from its all-time high above $3.00, analysts say this latest uptrend is a precursor to a larger move to the upside. Related Reading: Ethereum’s Price is “Convincingly Bearish”:…

Even If Ripple “Wins” Class Action, It Won’t Mean Much For XRP: Here’s Why

Crypto Bit News Staff

There is a class action lawsuit filed against Ripple in 2018 by investors who are alleging that XRP is a security. Even if the suit is dismissed, it is unlikely to have any major effect on the cryptocurrency. Why it won’t affect XRP in a large way Ripple the company has long distanced itself from XRP the cryptocurrency. The fintech firm has said that XRP is merely a cryptocurrency utilized by various blockchain-based solutions. Ripple CEO Brad Garlinghouse said that holders of XRP are not provided with equity in the…

Ripple (XRP) Price Testing Last Line Of Defense: Here Are Key Reversal Levels

Crypto Bit News Staff

Ripple is down more than 4% after it was rejected near $0.2450 against the US Dollar, similar to bitcoin near $8,900. XRP price is now approaching the key $0.2230 and $0.2200 support levels. Ripple price declined steadily after forming a short term top near $0.2451 against the US dollar. The price is down more than 8% from the recent high and it is now well below $0.2320. Recently, there was a break below a key triangle support at $0.2234 on the hourly chart of the XRP/USD pair (data source from…

Ripple (XRP) Price Won’t Go Down Quietly: Risk of Bounce Grows

Crypto Bit News Staff

Ripple is facing hurdles near the $0.2200 resistance against the US Dollar, similar to bitcoin near $8,200. XRP price is declining, but the bulls are likely to protect $0.2080 and $0.2070. Ripple price is correcting lower after it failed to surpass the $0.2200 resistance against the US dollar. The price remains well supported on the downside near the $0.2080 and $0.2070 levels. Recently, there was a break below a connecting bullish trend line with support at $0.2125 on the hourly chart of the XRP/USD pair (data source from Kraken). The…

Ripple (XRP) Price & Time: Downside Thrust Before Fresh Increase

Crypto Bit News Staff

Ripple was rejected near the $0.2250 resistance area against the US Dollar, similar to bitcoin near $8,450. As a result, there was a downside correction in XRP below $0.2150 and $0.2100. Ripple price is down more than 10% and it is now trading below $0.2100 against the US dollar. The price even failed to stay above the key $0.2080 support area. There is a major bearish trend line forming with resistance near $0.2105 on the hourly chart of the XRP/USD pair (data source from Kraken). There are chances of more…

Ripple’s XRP Struggles After Explosive Price Rally; And Bigger Losses Are Likely

Crypto Bit News Staff

Ripple blockchain’s native asset XRP showed signs of a weakening bullish momentum as traders’ reassessed their risks in the altcoin market. The third-largest cryptocurrency by market capitalization plunged by 4.24 percent on Tuesday. The losses came as a correction to an explosive price rally registered earlier this week, wherein the XRP-to-dollar exchange rate swelled by circa 15 percent. As of today, the pair was more or less flat in the absence of adequate buying sentiment. The XRP price hints a reversal upon testing a key resistance trendline | Source: TradingView.com,…