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While many altcoins have been showing significant strength during the recent weeks, some have been lagging. One of these coins is XRP (XRP), which is still hovering around key support and has yet to show any upwards pressure recently. Exactly what is keeping XRP pinned under the descending trendline? Let’s
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Controversial altcoin XRP has finally launched on crypto derivatives giant BitMEX — but so far, its price has failed to react.In a tweet on Feb. 3, BitMEX confirmed it had decided to support XRP, the third-largest cryptocurrency by market cap, for perpetual swaps against the United States dollar.XRP squeezes
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On January 23rd, leading Bitcoin derivatives exchange BitMEX revealed its intent to launch a new financial product for XRP. In a blog post, the company said that this product would be a “Ripple USD quanto swap,” which will allow traders to leverage trade the cryptocurrency with leverage of up to
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Ripple found support near the $0.2460 area and climbed higher against the US Dollar. XRP price surpassed the key $0.2500 resistance to open the doors for more upsides.Ripple price is showing positive signs above $0.2500 and $0.2520 against the US dollar.The price bounced back nicely after testing an important support
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The total crypto market cap added $23 billion to its value for the last seven days and now stands at $261.6 billion. The top 10 currencies are all in green for the same time frame with Cardano (ADA) and Litecoin (LTC) gaining 27.4 and 26.4 percent respectively. By the time
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Ripple gained recently and broke the $0.2450 and $0.2500 resistance levels against the US Dollar. XRP price is currently correcting, but it is likely to continue higher towards $0.3000.Ripple price climbed higher and traded to a new monthly high at $0.2616 against the US dollar.The price is currently correcting lower,
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XRP price growth remains lackluster as February begins, despite blockchain payment network Ripple releasing 500 million tokens from its escrow.Data from the XRP blockchain noted by monitoring resource Whale Alert on Feb. 1 confirmed a single transaction of 500,000,000 tokens worth $119.5 million left Ripple’s escrow the same day.XRP
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There’s no doubt XRP saw poor performance in 2019. During that year, the price of the asset against the U.S. dollar fell by 50%, managing to underperform a swath of traditional asset classes, from stocks and bonds to precious metals and commodities.Because Bitcoin saw a strong 2019, rallying by over
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Japan's crypto-friendly financial services company SBI Holdings is to give shareholders the option to receive the XRP cryptocurrency as a benefit.SBI announced on Friday that shareholders could either take the benefit in XRP or another product offered by its health food and cosmetics subsidiary SBI Alapromo.Under the scheme, newer shareholders
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