Ripple (XRP) Price Face Resistance: Can Bulls Overcome 100 SMA?

Ripple price started a short term recovery from the $0.3686 swing low against the US dollar. The price traded above the $0.4000 level, but it failed to surpass the $0.4050 resistance. There is a key contracting triangle forming with resistance near $0.3960 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could either break the $0.4050 resistance or decline again below the $0.3800 level. Ripple price is currently consolidating in a range against the US Dollar, similar to bitcoin. XRP must break the $0.4000 and…

XRP Bulls Firm But Down 9.9%, Ripple Can Be A Micropayment Platform

XRP is down 9.9 percent Recent findings could embolden the “XRP Army’s” repeated calls for the adoption of their crypto.  CoinGate is confirming that XRP is suitable for micropayments. Their latest research reveals that more people are procuring services and settling using XRP. However, that did not spur demand, as XRP is struggling against unyielding sell-side pressure. Ripple Price Analysis Fundamentals Seven years later and Ripple is much more than a platform. From what information is publicly available, XRP is increasingly serving the crypto economy as a medium of exchange.…

Ripple (XRP) Price Showing Bullish Signs: Look For Break Above $0.44

Ripple price started a decent recovery from the $0.3840 support area against the US dollar. The price traded above the $0.4000 resistance and it is currently showing positive signs. There was a break above a connecting bearish trend line with resistance at $0.4010 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair is currently trading above the $0.4150 resistance and it could continue higher in the near term. Ripple price is showing positive signs against the US Dollar and bitcoin. XRP could continue to climb…

SEC’s New Decision A Reprieve, Ripple (XRP) Falter

XRP slides 9.1 percent Ripple overly successful despite few banks adopting xRapid The SEC is bending for innovation’s sake. Crypto and blockchain are complex. They are a blend of different fields and all of a sudden, disrupting. Ripple may benefit, but clarification on the status of XRP will propel prices higher. Ripple Price Analysis Fundamental Blockchain and crypto, in general, is an innovation competition. It’s all about who will devise the best solution, an option that will take on existing legacy system(s). Thus far, there are thousands of projects that…

Ripple (XRP) Price Breaks Down: Can Bulls Protect $0.40?

Ripple price failed to hold the key $0.4400 support area and declined recently against the US dollar. The price declined below the $0.4200 support area and even spiked below $0.4000. There was a break below a major ascending channel with support at $0.4380 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair is currently near $0.4120, but there is a risk of more losses in the near term. Ripple price failed to continue higher and declined sharply against the US Dollar and bitcoin. XRP is…

Bitcoin, Ethereum, Ripple, Bitcoin Cash, Litecoin, EOS, Binance Coin, Bitcoin SV, Stellar, Tron: Price Analysis June 3

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk, you should conduct your own research when making a decision. Market data is provided by the HitBTC exchange. Hester Peirce, commissioner at the United States securities regulator, believes that the exchange-traded fund (ETF) application by the Winklevoss twins should not have been rejected. She has requested her co-commissioners to be open to innovation in the ETF space because a Bitcoin ETF, if passed,…

Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Litecoin, Binance Coin, Bitcoin SV, Stellar, Cardano: Price Analysis May 31

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk, you should conduct your own research when making a decision. Market data is provided by the HitBTC exchange. Michael Novogratz, founder and CEO of cryptocurrency merchant bank Galaxy Digital, believes that the adoption of the blockchain technology by mainstream technology companies and interest by Wall Street firms helped start the rally. He now expects Bitcoin to remain range bound between $7,000 and…

SBI Ripple Asia to Trial Store Settlement Service for XRP-Powered Payments App MoneyTap

SBI Ripple Asia — a subsidiary of Japanese financial services giant SBI Holdings — is launching a store settlement service affiliated with SBI Holdings and Ripple’s jointly developed consumer-focused XRP-powered payments app MoneyTap. The news was reported by Cointelegraph Japan on May 30. As previously reported, MoneyTap — which launched in the fall of last year — implements Ripple’s blockchain solution xCurrent to enable near-instant domestic bank-to-bank remittance services. The new store settlement service reportedly intends to pave the way for the roll out of full-scale in-store payment services using…

Ripple (XRP) Price Crashes Below Key Support: More Losses Possible

Ripple price traded to a new monthly high at $0.4777 and recently declined sharply against the US dollar. The price broke the key $0.4570 and $0.4400 support levels to enter a bearish zone. This week’s crucial ascending channel was breached with support at $0.4500 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair traded as low as $0.3999 and it remains at a risk of more losses in the near term. Ripple price declined sharply against the US Dollar, similar to bitcoin. XRP broke the…

Ripple (XRP) Price Holding Key Support: Downside Thrust Before Higher?

Ripple price corrected lower, but the $0.4200 area acted as a strong support against the US dollar. The price bounced back above the $0.4340 and $0.4400 levels to move back in a positive zone. Yesterday’s highlighted crucial ascending channel is intact with support at $0.4380 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair is likely to correct lower once again before a fresh increase above the $0.4600 resistance area. Ripple price is gaining bullish momentum against the US Dollar and bitcoin. XRP might dip…