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You are here: Home / Archives for xrp

xrp

XRP Aims For The Moon As Bulls Start Hibernating In Its Market

April 14, 2021 by Sahana Kiran

XRP’s fate seemed to be changing as the asset was leaving behind its bad days. While Ripple along with Brad Garlinghouse and Chris Larsen have been trying their best to fend off the allegations put forth by the Securities and Exchange Commission of the United States, the bulls were seen helping XRP in making progress with regard to its price change.

The altcoin was on a roll as it secured over 22% gains over the last 24-hours further pushing the price of XRP to a high of $1.73. However, at the time of writing, the asset was back at $1.69. Over the last seven days, altcoin made profits of over 70%. This number further pushed the altcoin to the top. During the course of the lawsuit, XRP had plummeted down in terms of ranking and market cap. However, the cryptocurrency made its way back into the top five as its market cap stood at a high of $76.46 billion.

XRP One-Day Price Chart On Binance

XRP

The long-term price chart of XRP was seen filled with strong bullish sentiment. The Parabolic SAR indicator formed dotted lines that remained below the candlesticks acting as a major line of support. This line further demented the chances of an instantaneous downtrend. The Chaikin Money Flow indicator was seen on a trek to the top of the bullish arena. With strong green closing bars, the Awesome Oscillator indicator made it clear that the bulls were in the altcoin’s market.

With all the aforementioned indicators suggesting a bullish market, the price of the altcoin was most likely to hit $2.

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Those interested in XRP were inclined towards buying the asset as opposed to selling it as the Relative Strength Index as well as the Money Flow Index indicators pointed out that the altcoin being overbought. This strong buyers’ sentiment in the market of the altcoin also seemed to have aided the surge in its price.

Filed Under: News, Altcoin News, Market Analysis Tagged With: xrp

XRP [XRP/USD] Price Analysis: Crypto Breaks Records as Bull Surge Elevates Price

April 12, 2021 by Akash Anand

The cryptocurrency market has been on an upsurge of late as prices continued to skyrocket. Bitcoin, the world’s largest cryptocurrency set the bullish path in stone after crossing the $60,000 mark. Following BTC’s climb, other altcoins such as XRP and Ethereum also witnessed significant upticks.

XRP slowly but surely hushed its naysayers when the cryptocurrency’s price climbed above the $1 mark to settle near $1.4. Ripple’s native token is expected to rise further as more developments take place on the Ripple blockchain.

At the time of writing, XRP was trading for $1.34 with a total market cap of $60.48 billion. The latest surge also boosted the cryptocurrency to the 4th rank on the charts. XRP’s 24-hour market volume hit $15.69 billion after an 86.65 percent price spike. XRP is still ways behind Binance Coin which held a market cap of $87 billion.

A technical analysis showed that XRP’s best performance in over two years could be owed to the adoption of the Ripple blockchain by several major banks and institutions. The current resistance held at $1.38 while the immediate support ventured near the $0.9 mark.

xrp 1 day

XRP’s Relative Strength Index indicator had climbed above the overbought zone. This was a sign that more people were buying XRP while placing trust in the blockchain’s power. The RSI had climbed above the threshold for the first time since December 2020. The positive RSI marker went hand in hand with other indicators which also sided with the bull.

The Chaikin Money Flow indicator shot above the zero line for the first time this year and held a steady state for more than 72 hours. According to the CMF, the capital coming into the XRP market was more than the capital leaving the market. As long as the marker keeps ticking green, XRP is bound to see better pastures soon.

Filed Under: Altcoin News Tagged With: Blockchain, Cryptocurrency, xrp

XRP Bulls Fail To Stall Correction Below $1 But There’s Room For More Growth

April 8, 2021 by Chayanika Deka

Following the market-wide retraction, several top altcoins including XRP saw their weekend gains slashed. Despite this, the fifth-largest crypto-asset by market cap was still up by a total of 54.60% over the past week.

XRP has be one of the strongest performing top altcoins in the cryptocurrency leaderboard. After a period of intense rallies, the token was subjected to a profit taking phase as selling pressure took over which drove it price below the milestone $1-mark.

After a decline of 14.86% over the past 24-hours, the crypto-asset was priced at $0.915. At the time of writing, it registered a market cap of $41.2 billion and a 24-hour trading volume of $19..91 billion.

XRP Daily Price Chart:

XRP

The crypto-asset recently established a three-year high not seen since February 2018. The Wednesday correction was, however, substantial as it pulled it back below $1. The volatility in the market remained intact despite the fall which could provide room for more upside potential.

The upsloping moving averages, especially the 50 DMA [Pink] attempted to break above the XRP price candles. But the move was averted as the token posted back to back gains. After undergoing a bullish crossover, the 100 DMA [Blue] has maintained its position below supporting the price from a market downturn.

XRP2

The green closing bars of Awesome Oscillator remained unfazed by yesterday’s pullback depicting a strong bullish momentum in the coin market.

The MACD also continued to strengthen its foothold in the positive region after the bullish crossover.

In tandem with XRP’s price action, the RSI took a plunge from the overbought to the 68 level indicating a minor decline in the buying sentiment among the holders in the market.

The overall trend appears to be in bulls court. The first resistance for the crypto-asset lies at the recently hit $1.09. If this level is met, the altcoin could target its objective at $1.18. Its support points, on the other hand, stood firm at $0.53 and $0.444 respectively.

Filed Under: Altcoin News, News Tagged With: Ripple (XRP), xrp

XRP Community Rejoices As The Altcoin Finally Makes It Past $1

April 6, 2021 by Sahana Kiran

The entire SEC vs Ripple case caused a lot of commotion in the crypto industry. This lawsuit even pushed the price of XRP into a new low. Nevertheless, the altcoin revealed that it was finally on the road to recovery.

During the peak of the recent crypto rally, XRP witnessed a steep fall in terms of both prices as well as market cap. However, the asset, during the time of writing was not only trying to bag gains that it lost during the last couple of months, it went on to secure a three-year high of $1.10. XRP was trading for $1.05, at press time with a whopping 45.36% surge in the last 24-hours. Over the last seven days, the asset recorded profits of over 89%. The altcoin even rose in terms of market cap and went on to rank fourth.

XRP One-Hour Price Chart On Binance

XRP

Even though XRP is quite far away from reaching its all-time high of $3, the asset’s journey from a low of $0.19 to $1.10 is impeccable. The altcoin, despite being delisted or banned from several crypto exchanges, still managed to garner profits. The short-term price chart of the altcoin was all good news.

The Awesome Oscillator indicator announced the presence of bulls with the formation of long green closing bars. The Chaikin Money Flow Index [CMF] indicator remained over zero in the bullish arena. The bulls managed to retain their place in the XRP market, even though the MACD indicator underwent a bearish crossover, earlier today. At the time of writing, the MACD line went over the signal line to form a bullish crossover.

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Strong buyers’ sentiment was noted in the short-term price chart of XRP. The Relative Strength Index [RSI] indicator affirmed that the altcoin was being overbought as the RSI marker was at a high of 80 median. The Money Flow Index indicator was seen exhibiting a buyers’ notion.

Filed Under: News, Altcoin News, Market Analysis Tagged With: xrp

XRP Tries To Make It Past $0.6 As Bulls Provide Fuel

March 26, 2021 by Sahana Kiran

Volatility had hit the crypto market. While this wasn’t very favorable for the other coins, XRP managed to make most of this volatile wave that the crypto market was at. Bitcoin [BTC], during press time, was down by the $52K zone. The king coin’s market cap also slipped down below $1 trillion further taking the overall market cap to $1.66 trillion.

The XRP army has been trying to induce themselves in the ongoing Ripple vs SEC case suggesting that they haven’t been represented properly. With the case going on at full speed, the price of XRP seemed to be surging. At the time of writing, XRP was trading for $0.53 with a 5.77% rise in the last 24-hours. Over the last seven days, the altcoin garnered profits up to $13.23%. The market cap of the asset was noted at $24.46 billion.

XRP One-Hour Price Chart On Binance

XRP

The short-term price chart of XRP pointed out that the bulls were residing in its market. The Awesome Oscillator indicator used in the one-hour price chart of XRP announced the presence of bulls by laying out a green closing bar. The Chaikin Money Flow indicator was over the zero median which suggested that the altcoin was in the bullish arena. The Money Flow Index indicator was in sync with the bullish notion exhibited by the altcoin. The MFI marker was over 50 median which suggested a buyers’ market.

XRP One-Hour Price Chart With Key Indicators

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Turns out, all the indicators used in the short-term chart were siding with the bulls. The Parabolic SAR indicator laid out dotted lines below the candlesticks. This line further negated the chances of a downward breakout. The MACD line was over the signal line forming a bullish crossover. This crossover was achieved yesterday and seems to have prolonged. The Relative Strength Index indicator was noted high up in the buyers’ arena.

While all the signs were inclining towards the bulls, the asset could finally try making it past $0.6.

Filed Under: News, Altcoin News, Market Analysis Tagged With: xrp

“RelistXRP” Starts To Surface As Ripple vs SEC Lawsuit Persists

March 24, 2021 by Sahana Kiran

The term “RelistXRP” has been taking over Twitter. The XRP army seems to be urging several cryptocurrency exchanges to relist the altcoin.

The last couple of months have been rough for the XRP community. With the Securities Exchange and Commission [SEC] of the United States of America charging Ripple of selling unregistered securities. This allegation led to an array of cryptocurrency exchanges delisting XRP from their platform. While Ripple has time and again stressed that XRP wasn’t a security, SEC prolonged their argument.

While the XRP community has been trying to be a part of the lawsuit citing lack of representation, the community is trying to induce XRP back into the exchanges that ousted the altcoin.

RelistXRP Trends In Netherlands, Australia and US

A couple of weeks ago, the XRP community sought participation in the Ripple vs SEC lawsuit, however, this plea to intervene was condemned by the judge. While this attempt failed, the XRP community decided to help the altcoin find a way back into the crypto exchanges. The hashtag, “RelistXRP” was reportedly trending in the Netherlands and has been doing so in the US, United Kingdom as well as Australia for the last couple of days.

About 35,000 tweets pertaining to this movement were noted in the Netherlands. A Twitter user also a member of the XRP community, MackAttackXRP, tweeted about the same. The tweet read,

“The Twitter campaign #RelistXRP under which the XRP community is calling on crypto exchanges worldwide to relist XRP has managed to be “trending” in the US and in The Netherlands.”

RelistXRP

Furthermore, over 30,000 tweets in the U.S. and about 24,000 in Australia with the hashtag “RelistXRP” were trending on Twitter.

An array of platforms including OKCoin, Crypto.com, Bittrex, eToro, Genesis, Wirex, Abra, Coingate, Coinbase, Binance.US, iTrustCapital, Nexo, Blockchain.com, Bitstamp, and several others decided to drop support for the altcoin. The XRP community was seen pushing the aforementioned exchanges to relist the altcoin.

Filed Under: News, Altcoin News Tagged With: Ripple (XRP), SEC, xrp

XRP Aims For $0.6 As Bulls Take Over Its Market

March 23, 2021 by Sahana Kiran

Almost all the assets were enduring a downfall. XRP, however, seemed to be moving uphill. The altcoin faced serious repercussions from the SEC lawsuit. While the asset kept falling to new lows during the peak of the crypto rally, XRP was back in action. During the time of writing, altcoin was trading for $0.55 with an 8.60% in the last 24-hours. The last seven days seemed to be highly beneficial for the altcoin as it secured gains of 24.86%, which was the highest compared to all the other coins in the crypto market.

As the Ripple vs SEC lawsuit prolongs, XRP’s chances of climbing up the crypto ladder seemed bleak. The asset’s witnessed a steep fall from the third position all the way down to the seventh. Additionally, the market cap of the altcoin was noted at $25.69 billion.

XRP One-Hour Price Chart On Binance

XRP

The bulls and the bears were both noted in the short term price chart of XRP. The Parabolic SAR indicator was seen supporting the bulls while the Awesome Oscillator was cheering on for the bears. With dotted lines below the candlesticks, a line of support was formed by the Parabolic SAR indicator. The Awesome Oscillator indicator laid out a red closing bar after a series of green bars.

Despite the presence of the bulls, the Relative Strength Index indicator was seen in the sellers’ zone.

XRP One-Day Price Chart On Binance

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The one-day price chart of XRP was harboring the bulls. The Bollinger Bands indicator suggested limited volatility amidst the ongoing bullish trend. The MACD line slowly took over the signal line earlier this month, and the trend seemed to have prolonged. This was further noted as a bullish crossover.

The Money Flow Index indicator revealed that the altcoin was exhibiting a buyers’ sentiment.

The persistence of this trend could help the altcoin surge beyond its recent high of $0.6.

Filed Under: News, Altcoin News, Market Analysis Tagged With: xrp

XRP’s Bond With The Bears Could Push The Altcoin Below $0.40

February 25, 2021 by Sahana Kiran

While almost all the assets surged to new highs during the latest crypto rally, XRP was probably the only cryptocurrency to have bagged the least amount of gains. Ripple squabble with the SEC was one of the primary reasons behind the destruction of the altcoin. As soon as the SEC went public with its lawsuit against Ripple for the trading of “unregistered securities” an array of crypto platforms dropped support for the asset.

The XRP community has been rooting for the asset to hit $1 for the longest time, however, the altcoin hasn’t made it past $0.74. At the time of writing, the altcoin was trading for $0.4768 with a 3.09% drop in the last 24-hours. The asset even incurred a loss of over 13% in the last seven days.

The altcoin witnessed a drop even in terms of market cap. The altcoin was dwelling as the fourth largest crypto for quite a while. However, currently, the asset sits as the seventh-largest coin with a market cap of $21.54 billion.

XRP One-Hour Price Chart On Binance

XRP

The short-term price chart of XRP was harboring both, the bears and the bulls. The Chaikin Money Flow indicator was rising over zero after its one-day stay below it. This is considered bullish and had restored some hopes for the altcoin. The Awesome Oscillator indicator was siding the bears as it formed red closing bars. The Money Flow Index that there was minimal buying or selling activity in the altcoin’s market.

XRP One-Day Price Chart On Binance

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The one-day price chart of XRP revealed that the bears were intact in the market. The Parabolic SAR indicator has formed a line of resistance over the candlesticks which restricted any upward flow of the altcoin. The signal line took over the MACD line earlier this month and this trend persisted throughout the month. The Relative Strength Index indicator announced that a sellers’ sentiment had struck the XRP market.

Filed Under: News, Altcoin News, Market Analysis Tagged With: xrp

XRP Loses Its Spot In Yet Another Cryptocurrency Exchange Amidst SEC Lawsuit

February 20, 2021 by Sahana Kiran

Just when all the assets in the crypto-verse have been surging to new highs, XRP was seen struggling to retain itself above $0.6. While this isn’t a bad number considering the previous low that XRP had hit, the community was seen losing hope in the altcoin.

This year started on a bitter note for both Ripple and the XRP community. The lawsuit that the Securities and Exchange Commission of the United States slapped Ripple with had almost destroyed XRP. Right after this lawsuit went public, an array of crypto platforms went on to remove support for the asset.

XRP Bids Adieu To PayBito Exchange

While Ripple revealed that a team of 21 lawyers was taking over Ripple’s fight against the SEC, another crypto exchange has shot down support for the altcoin. Prominent US-based cryptocurrency exchange, PayBito in a recent announcement pointed out that it had suspended all the XRP trading pairs on the exchange.

Similar to all the other crypto platforms like Kraken, OKCoin, as well as Coinbase, PayBito announced that it would observe how the lawsuit would turn out to be. The managing director of PayBito, Raj Chowdhury, elaborated on the same and assured that the funds of the customers were safe. He said,

“PayBito remains committed when it comes to being the most reliable trading platform for cryptocurrencies. We aim to offer our users wide access to a broad assortment of assets, thereby following the mission of building an open financial system for users across geographies. Our decision for suspending XRP trading will certainly not affect our users’ access to factors like security and compliance, thereby allowing them to transfer XRP’s from their wallets to other exchanges”

Amidst this, a few exchanges like Uphold have continued supporting the altcoin while they await the verdict of the court.

In a recent court document, it was even affirmed that the SEC wasn’t willing to settle with Ripple in the visual pre-trial that is scheduled for 22 February 2021.

Filed Under: News, Altcoin News Tagged With: SEC, xrp

Cardano [ADA] And XRP Could Finally Hit $1

February 10, 2021 by Sahana Kiran

The entire crypto market was painted green. Cardano [ADA], as well as Binance Coin [BNB], were seen spearheading the bull run. Bitcoin [BTC] was still struggling to push past $46K, while the crypto community was hoping the coin would hit an all-time high of $50K. XRP had finally left behind the bears as it was surging by over 12% in the last 24-hours. Despite this, the coin dropped down to the fifth position as ADA surpassed the asset in terms of market cap. Dogecoin [DOGE] had picked up pace as the coin was back at $0.073, albeit its 7% fall over the day.

Cardano was out and about. With a 30% surge in the last 24-hours, the altcoin pushed its price to a high of $0.87. Over the last seven days, ADA managed to garner gains up to 103%. The market cap of the altcoin didn’t fall back, it seemed to be in sync with the ongoing trend as it hit a high of $26.8 billion, during press time. Currently, Cardano stands as the fourth-largest cryptocurrency.

Cardano [ADA] One-Day Price Chart

Cardano

The one-day price chart of the altcoin was seen providing shelter to the bulls. The Parabolic SAR indicator laid out dotted lines below the candlesticks which stood as a barrier against any possible downtrend. The Awesome Oscillator indicator formed green closing bars indicating a bullish momentum in the ADA market. The Relative Strength Index [RSI] was way above the 80 median and suggested that the altcoin was being overbought.

XRP One-Day Price Chart

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The XRP market revealed a similar trend. The MACD indicator formed a bullish crossover as the MACD line was above the signal. The Money Flow Index [MFI] indicator suggested that a buyers’ sentiment was intact in the XRP market. This signaled that the altcoin was finally getting past the damage that the SEC lawsuit had done to Ripple as well as XRP.

Both these assets have tried long and hard to hit $1. The prolongation of this trend could further aid the assets’ journey to $1.

Filed Under: News, Altcoin News, Market Analysis Tagged With: Cardano (ADA), xrp

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