Ripple (XRP) Price Holding Crucial Support & Likely To Bounce Back

There was a strong upward move above the $0.3480 resistance in ripple price against the US Dollar. The XRP/USD pair surged above the $0.3500 and $0.3600 resistance levels. The price traded close to the $0.3750 resistance and settled well above the 100 hourly simple moving average. Later, there was a downside correction, but the $0.3480 support acted as a buy zone. There was a fresh increase, but the price failed again near the $0.3750 resistance area.As a result, there was a sharp decline below the $0.3600 and $0.3480 support level. Moreover, yesterday’s highlighted important bullish trend line was breached with support at $0.3600 on the hourly chart of the XRP/USD pair. The decline was such that the price even spiked below the $0.3400 level. It tested the $0.3280 support area and the 100 hourly simple moving average. A strong buying interest emerged near $0.3280, resulting in a rebound above $0.3400. The price broke the 23.6% Fib retracement level of the recent decline from the $0.3746 high to $0.3281 low.

Crypto Trader Says XRP Poised to Outperform All Major Crypto Assets As Bitcoin Holds Above $5,000 – BTC, Ethereum, XRP Market Update

A crypto analyst known in the industry as Donalt says if the crypto bull market continues, XRP is poised to outperform all other major cryptocurrencies. In a new tweet, Donalt joked about the meme that XRP could one day hit $589, telling his 88,000 followers that if altcoins continue to pop, the digital asset is well-positioned to reap the biggest gains. During the last bull run, the digital asset recorded a staggering 68,782% increase from its price of $0.005415 on March 1, 2017, to its height of $3.73 on January 4, 2018. But in a sign of just how volatile and risky the crypto market is, XRP dropped 93% as the bear market took over, hitting a low of $0.25668 on September 12, 2018.

Bitcoin, Ethereum, Ripple, EOS, Litecoin, Bitcoin Cash, Binance Coin, Stellar, Cardano, TRON

Bitcoin has closed in the green for the second consecutive month. This is the first such instance since December 2017, which indicates buying at lower levels. However, right now the action is in altcoins. Traders are piling on select altcoins and the positive sentiment is rubbing on to the leading digital currency. In the current recovery, Bitcoin’s dominance has been steadily decreasing, which is now at 50.1 percent.Bitcoin (BTC) is inching towards the overhead resistance of $4,255. The bulls have failed to break out of this resistance twice earlier, hence, we expect the bears to defend this level with full force.
Though Ethereum (ETH) closed above $144.78 on March 29, the bulls could not sustain the higher levels. However, the bullish sign is that the digital currency is trying to rebound from the 20-day EMA. If it can break out of $144.78 this time, a quick move to $167.32 is possible.

Litecoin (LTC) is facing stiff resistance at $61.9044. Repeated attempts by the bulls to scale this level have failed. Traders can book profits on 40 percent of the remaining long positions above $60 and keep the stop loss on the rest at $55.

Tron (TRX) is currently attempting to break out of the moving averages and the downtrend line. If the bulls sustain this breakout, the price can rally to the next overhead resistance of $0.02815521. This is a critical resistance as the price has repeatedly returned from it. Notwithstanding, if the bulls scale above it, a new uptrend is likely to start that can carry the digital currency to $0.040 and above it to $0.0480.

Litecoin Is Surging, Boosting Ethereum, Ripple’s XRP And Bitcoin–Here’s Why

The litecoin price rose to $37 after falling under the psychological $30 price last month amid a bitcoin and cryptocurrency bear market that’s dragged on the sector for the last 13 months. Litecoin fell to lows of around $22 late last year as the so-called crypto winter took its toll, down some 93% from its all-time high.Litecoin’s rapid rise saw it overtake first bitcoin cash, an offshoot of the original bitcoin, and then EOS, an ethereum rival, moving into fourth place on the list of the world’s biggest cryptocurrencies by market value, according to CoinMarketCap prices.”We have started exploration towards adding privacy and fungibility to Litecoin by allowing on-chain conversion of regular LTC into a Mimblewimble variant of LTC and vice versa,” Beam wrote in a Medium post. “Upon such conversion, it will be possible to transact with Mimblewimble LTC in complete confidentiality.”Bitcoin and cryptocurrency fever gripped the world in 2017, with some major coins, including Ripple’s XRP, ethereum, and litecoin, seeing price percentage increases that far outstripped bitcoin itself.

Ripple’s managing director for South Asia talks about “high street banks” being interested in Ripple

The recent announcement by Ripple noted that they had partnered with over 200 banks and Financial Institutions [FIs] around the world and that 100 of these customers were signed within 2018. Navin Gupta mentioned how signing the first 100 partners took over two years as banks and FIs were hesitant about DLT and cryptocurrencies.In addition, Gupta mentioned how 2019 would be a much favorable year as compared to the previous years and also said that there were clear “regulatory signals” in ASEAN such as Thailand, Philippines and Singapore moving ahead on digital assets.The National Bank of Abu Dhabi [NBAD] was the first bank in the Middle East to sign on to RippleNet in February 2018 and FIs like Al Ahli Bank of Kuwait and BFC Bahrain are also part of RippleNet.

Ripple CEO Sends XRP Soaring, Boosting Bitcoin And Ethereum–Here’s Why

Ripple’s XRP leap triggered a rebound for bitcoin, up 1% over the last 24 hours, and ethereum, up 3.5% over the same period. Bitcoin cash climbed back over the $2 billion market cap mark, adding 6%, according to prices from CoinMarketCap, which tracks most major cryptocurrencies.The Ripple CEO was speaking alongside Gottfried Leibbrandt, Swift’s out-going chief executive, who announced the international payments network was partnering with Ripple rival, blockchain company R3.Swift’s network, which boasts some 11,000 financial institutions and moves $200 billion around the world every day, plans to link R3’s platform with its new payments standards framework Global Payments Innovation.

Ripple (XRP) in Pump-and-Dump Scenario, Sinks 12% from Weekly High

The XRP-to-USD exchange rate (XRP/USD) dropped to an intraday low at 0.3003 this Friday. Earlier yesterday, the pair had established a new weekly high at 0.3429 owing to global banking giant Swift’s announcement of integrating R3 Corda, which supports XRP as its native token. Traders treated the event as the sign of the next bull wave. The price surged impressively but found its upside momentum capped on a higher high formation towards $0.3429. A correction ensued and spent its Thursday maximizing.It could have appeared organic had the price sustained its gains. On January 31, the XRP market posted three consecutive selling sessions on an hourly basis. Between 0700 UTC and 1000 UTC, the XRP/USD rate had fallen from 0.3329 to 0.3103. Meanwhile, traders exited their short positions that translated into a brief upside correction. The pair again switched sides after it tested 0.3206 for a breakout, forming three long red candlesticks.A rising trendline, meanwhile, is capping the XRP/USD rate from forming any more lower lows. The support area, in a best-case scenario, could allow the pair to sustain its upside action. However, if broken, the XRP/USD rate could fall toward its next downside target area, defined between 0.2898 and 0.2853.

XRP Breaks Below $0.30, Creating Fresh 2019 Lows — Will This Be A Short-Lived Market Drop

Ripple has seen a sharp price decline totaling 5.75% over the past 24 hours of trading, bringing the current trading price down to around $0.2935. This latest move has caused Ripple to break below $0.30 for the first time in 2019.The market continued to fall aggressively below further support at the short-term .886 Fibonacci Retracement level (drawn in green) priced at $0.3028 and the short-term downside 1.618 Fibonacci Extension level (drawn in red) priced at $0.2989.The market continued to break further below additional support at the short-term .382 Fibonacci Retracement level (drawn in green) priced at 8,543 SATS.  XRP/BTC is now quickly approaching further support at the short-term downside 1.618 Fibonacci Extension level (drawn in purple) priced at 8,283 SATS. However, if the bulls can hold at the $0.2924 handle and begin to push price action higher, this may be a short-lived market drop.

XRP Ledger has delivered its promise of decentralization while Bitcoin and Ethereum have failed

Ripple has entered the year 2019 very strong in terms of its partnerships and product placements as a few banks went live with xRapid product for cross-border payments.During the recent Ripple Drop episode, David Schwartz, the CTO of Ripple and one of the architects of the XRP Ledger, Prajit Nanu, co-founder of InstaReM, and Jim Chauncey Kelly, Director of talent acquisition at Ripple spoke about XRP Ledger, Ripple Net, decentralization of cryptocurrencies, and Ripple’s open positions around the world.He continued that the latency of PoW coins was too high and in the range of 6-10 mins as compared to XRP Ledger’s 4 second settlement time. Moreover, consensus algorithm for XRP, unlike PoW can’t have problems of scalability in XRPL as it has second layer solutions like payment channels and the ledger can handle well over 50,000 TPS.

Ethereum Has Shot Past Ripple’s XRP In The Cryptocurrency Rankings–Here’s Why

The ethereum price has surged some 3% over the last 24 hour period to over $120 per ether token as ripple (XRP) remains flat and the wider market holds onto its gains from late last week. Bitcoin, currently trading at around $3,600, is up some 5% over the last week after a relatively minor bull run sparked by news of a litecoin network upgrade.Over the last 24 hours some $8.5 million worth of ethereum has been traded by so-called crypto whales, adding to ethereum daily volume of $3.2 billion. It is generally considered that cryptocurrency markets remain small enough to be moved by large trades at either above or below market rates.Ethereum now has a market capitalization of over $12.6 billion, slightly above Ripple’s XRP $12.5 billion market cap. Litecoin, which powered to fourth place in the list of largest cryptocurrencies last week, has a market cap of $2.6 billion.