Cryptocurrency Analysis and News Portal
Stablecoins have a goal of putting an end to the recent volatility of the crypto market — and in doing so, they have opened the door to crypto usage for institutional investors, which has long been considered an important milestone on the road to mainstream adoption. One of the
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Ripple price extended its decline and traded towards the $0.2520 level against the US dollar.The price is currently correcting higher, but it is facing resistance near the $0.2570-$0.2580 area.There is a key bearish trend line forming with resistance near $0.2565 on the hourly chart of the XRP/USD pair (data source
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Xrp community members have matured from earnest petitioning strategies to sarcastic ones, as they continue to express anger about the negative market consequences of Ripple dumping allegedly excessive quantities of XRP.A change.org petition launched at the end of August, entitled “Ripple Must Increase the “Dumping of XRP,” has attracted
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Ripple price failed to break the main $0.2650 resistance area against the US dollar.The price is currently correcting lower and is trading near the key $0.2580 support area.There was a break below a major bullish trend line with support at $0.2620 on the hourly chart of the XRP/USD pair (data
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While Bitcoin price makes a comeback, XRP community investors warn Ripple overselling the XRP tokens as part of the company’s investments.After last week’s poor performance, Bitcoin is back in action swinging above $10,500 levels. Bitcoin price started gaining momentum since Monday, September 2 and added $1000 over the last 24
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Ripple price made another attempt to settle above the key $0.2650 resistance against the US dollar.The price is currently correcting, but it remains well supported near the $0.2600 level.There is a breakout pattern forming with resistance near the $0.2650 level on the hourly chart of the XRP/USD pair (data source
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Ripple price started an upside correction above the $0.2600 resistance against the US dollar.The price is facing a strong selling interest near the main $0.2650 resistance area.Yesterday’s highlighted major bearish trend line was breached with resistance near $0.2565 on the hourly chart of the XRP/USD pair (data source from Kraken).The
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Ripple price is trading in a downtrend below the $0.2600 and $0.2650 supports against the US dollar.The price is likely to extend its decline as long as it is below the $0.2650 level.There is a key bearish trend line forming with resistance near $0.2570 on the hourly chart of the
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Ripple price recovered recently, but it failed to break the $0.2600 resistance area against the US dollar.The price is currently moving lower and remains at a risk of more downsides below $0.2500.Yesterday’s highlighted major bearish trend line is active with resistance near $0.2580 on the hourly chart of the XRP/USD
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XRP is down 5 percent on the day and has seen a significant retreat this year. | Source: Shutterstock By CCN Markets: To say that Ripple (XRP/USD) is a laggard would be a huge understatement. The cryptocurrency has been in a long downtrend ever since it posted an all-time high of $3.30
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