TL;DR CryptoQuant warned that leverage positions are a big driver behind XRP’s price movements, which has increased the asset’s open interest. This comes amid significant volatility that hit Ripple earlier today after President Trump signed an executive order focusing only on Bitcoin. XRPUSD. Source: TradingView Recall the massive wave to the upside that XRP experienced […]
XRP drops to $2.2 as market turns bearish. Key Support levels: $2, $1.6 Key Resistance levels: $3, $3.4 1. Bears Return Over the past 24 hours, XRP’s price fell by 8% and approached $2.2. This has turned the momentum bearish, and the price could easily test the key support at $2 in the coming days […]
Ripple’s price has been on a massive uptrend over recent weeks, even with the flash crash it experienced a couple of weeks ago. Yet, for a further bullish continuation to materialize, a specific resistance range needs to be overcome. By Edris Derakhshi (TradingRage) The USDT Paired Chart Against USDT, the cryptocurrency has recently gone through […]
On Feb. 5, Ripple chief technology officer David Schwartz reported that the network is now recovering before adding, “We don’t know exactly what caused the issue yet.” The XRP Ledger (XRPL) experienced a rare one-hour outage late on Feb 4 when block production stopped at ledger height 93927173. However, the network recovered on its own […]
TL:DR; Ripple’s cross-border token is taking the ongoing market crash quite severely, with its price dumping by over $1 within a day. Although it has bounced off to above $2 now, there’s a warning sign that suggests its run could have been halted, at least for now. XRPUSD. Source: TradingView The chart above paints a […]
Crypto market capitalization has tanked around 12% over the past 24 hours, falling to around $3.1 trillion at the time of writing. It is the lowest level markets have seen this year, wiping out more than $400 billion in less than a day as the sell-off accelerated during the Monday morning Asian trading session, sending […]
TL:DR; The entire crypto market turned red on Sunday morning, but some altcoins were hit harder than others. XRP’s price decline came just hours after a warning by a popular analyst that whales have started to sell off their holdings. XRPUSD. Source: TradingView The third-largest cryptocurrency failed to go into uncharted territory a few weeks […]
TL:DR; Ripple’s cross-border token has slumped hard with the rest of the market today, dumping to a two-week low of under $2.7. While that’s a big move on its own, the squeezing Bollinger Bands suggest that XRP could face another one soon. XRPUSD. Source: TradingView XRP Dumps 15% It’s safe to say that Ripple’s native […]
TL:DR; Cryptocurrency prices tend to react positively to favorable news and developments coming from big names, especially if they are outside the industry. XRP’s case from the past hour or so was another confirmation of this narrative, as the asset jumped by 5% in the timeframe. XRPUSD. Source: TradingView The news in question came from […]
Amid the excitement over Donald Trump’s inauguration, digital asset investment products attracted $2.2 billion in inflows last week, marking the largest weekly inflows of the year and bringing YTD totals to $2.8 billion. Rising asset prices have elevated total assets under management (AuM) to an unprecedented $171 billion. ETP trading volumes across the globe also […]