XRP May Explode Higher After “Destroying” a Macro Downtrend Line

XRP is currently hovering around the key $0.30 region as its buyers attempt to stop it from breaking below this crucial support level. This slight decline comes as the aggregated crypto market begins facing heightened selling pressure, although it has not been enough to invalidate the market’s macro strength. Analysts are now noting that XRP could still be well-positioned to post large gains in the coming weeks, as it was recently able to smash through a year-long descending trendline. One trader is noting that the break below this level has…

Ripple CEO Thinks Governments Are Taking Cryptocurrency Seriously

According to Garlinghouse, it’s a matter of time before the cryptocurrency phenomenon becomes globally accepted because many people have lost confidence in fiat already. The CEO of Ripple Brad Garlinghouse has said that governments are now looking up to the cryptocurrency space as a solution to frictions and transparency issues associated with payments. The Ripple chief made the comment in a tweet while responding to the Bloomberg report. Thread on this USD as the world’s reserve currency has been the backbone of global financial infra, and that position isn’t going to…

Five Promising Cryptocurrency Exchanges | Coinspeaker

If you are one of these traders who are looking for crypto exchanges, this article is for you. The cryptocurrency market is having the best time of the year. Bitcoin keeps going higher, and many smaller-cap altcoins have been doing very well as well. Analysts predict that crypto exchanges and Bitcoin are ready for massive growth, and things start to get real this year due to the ongoing COVID-19 pandemic. Yes, there are not many industries that can grow during the time of the pandemic. When the mainstream economy looks…

This Smart Money Indicator Uncovers Early Signs Of An Ethereum Reversal

Ethereum has been leading the cryptocurrency market higher, helping to push Bitcoin through $10,000 and restart the overall market bull run. But before new highs are set, the smart money indicator is hinting that a strong reversal is coming, and already may be underway. Ethereum Carries Crypto Market Higher, Helps Bitcoin Push Through Critical Resistance Ethereum has absolutely exploded from Black Thursday lows. Like Bitcoin, the second-ranked crypto asset spent months consolidating below resistance. While Bitcoin built momentum below $10,000 – resistance that it finally cracked – Ethereum surged through…

Facebook (FB) Stock Price Up 2.6% as TikTok Rival Is Introduced

Facebook (FB) stock price started rising yesterday in response to the launch of the new Instagram video feature called Reels. Reels is seen as a competitor to TikTok. Facebook Inc (NASDAQ: FB) stock closed at higher yesterday than the day before and is up today as well. It happened as the social networking giant introduced a new feature to its Instagram platform. The new feature called Reels allows users to create short video clips with effects. The feature is seen to contend and compete with Chinese video startup TikTok.  At the…

Analyst Expects Pain for Litecoin as It Paints “Bearish Engulfing Candle”

Litecoin (LTC) has surged 42 percent in a three-week winning streak. But the rally showed signs of exhaustion upon testing a “huge falling resistance” for a breakout. LTC printed a so-called “bearish engulfing candle,” which, according to financial analyst Vince Prince, spells downside risks for the cryptocurrency. Litecoin is at risk of breaking lower after surging three weeks in a row by 42 percent. The silver cryptocurrency painted a “bearish engulfing candle” on August 2, a phenomenon that signals lower prices ahead. Vince Prince, the financial analyst who first spotted…

Nintendo Stock Plummets Following Impressive Earnings Report

Investors are bullish on Nintendo Stock following the gaming giant’s Q1 earnings reports with a 428% boost in revenue. Nintendo Co Ltd (TYO: 7974) stock is coasting towards the moon following the firm’s Q1 428% boost in revenue. The company’s revenue increase can be attributed to the gaming boom experienced during the global lockdowns. The stock market has started responding to the impressive figures from Nintendo as the stock gained 2.58% adding 1,270 JPY. The gain in the past 24 hours is significant based on Nintendo’s share price, currently at…

Tencent Stock Down, Trump Bans U.S. Transactions with WeChat,TikTok

Tencent Holdings Ltd. shares dropped around 5% during the London trading session, following an executive order issued by President Trump banning US transactions with WeChat and TikTok in the next 45 days. Escalating economic war between China and the United States is largely disrupting respective tech companies. As of Friday, during the early London trading session, shares of Tencent Holdings Ltd., standing behind the messaging app, WeChat, dropped nearly 5%, because on Thursday President Donald Trump issued executive orders banning U.S. transactions with Chinese tech firms Tencent and ByteDance for…

LEND Rallies Another 20%; Here’s Why It Could Hit a Record High

LEND price surged another 20 percent on a 24-hour adjusted timeframe. The extended upside move brought the DeFi token closer to its all-time high of $0.485. Jeff Dorman, the chief investment officer at Arca, credited the LEND economic model behind its 2,000 percent rally this year. The price of LEND jumped another 20 percent in the last 24 hours, emerging as one of the most profitable assets in this quarter and year. The LEND/USD exchange rate established its year-to-date high at $0.399 in early Friday trading session. Its gains followed…

Why Analysts Are Expecting XRP To Surge Higher in the Days Ahead

XRP has been one of the best performing cryptocurrencies of the past two weeks. According to market data from Coin Market Cap, the altcoin has gained literally 50% in that time frame. Analysts still expect the altcoin to move higher in the days and weeks ahead. Related Reading: Crypto Tidbits: Ethereum Surges 20%, US Banks Can Hold BTC, ETH’s DeFi Space Still in Vogue Analysts Think XRP Has Room to Move Higher A trader noted on August 6th that XRP’s recent price action has formed a bull pennant, underscored by a…