Category: Reviews

WHAT IS XRP LEDGER (XRP)?

XRP Ledger, created by Ripple Labs Inc., is an open-source blockchain technology and digital asset. This means that developers can contribute to its development and enhance its functionality. XRP serves as the native cryptocurrency of the XRP Ledger and is the commonly recognized name for it. The XRP Ledger is purposefully designed to enable swift, cost-effective, and secure transactions. It functions as a distributed ledger, where transaction records are stored across a network of validators, which are participating computers, ensuring the integrity of the ledger. XRP has garnered significant recognition…

Analyst Predicts Price Rally To $22

Despite the XRP price’s recent decline, Crypto analyst Egrag Crypto has provided a reason to believe that this presents the perfect opportunity to accumulate more of the token rather than lose conviction in its potential.  XRP On Its Way To $22 Soon? Egrag recently hinted in an X (formerly Twitter) post that XRP could rise to $22 soon enough. The accompanying chart he shared showed that the crypto token will hit this price level if it follows the green route, which the analyst has constantly alluded to. In an X…

Ripple Locks Away 800 Million XRP In Escrow, Impact On Price?

Ripple Labs, a leading American-based payment firm has locked away a substantial amount of XRP tokens in its escrow wallet as part of its monthly unlock program to help bolster its ecosystem and XRP. Ripple Takes Back 800 Million XRP  A recent report from on-chain tracker Whale Alert revealed that Ripple took back about 800 million XRP tokens. This is no surprise, as the stated transaction has been a recurring outcome by the payment firm. The payment firm locked the aforementioned funds after its monthly 1 billion XRP release, which…

SOL Price Faces Big Move – Can Bulls Send Solana To $120?

Solana is attempting a fresh increase from the $92 zone. SOL price could gain bullish momentum if it manages to clear the $100 and $104 resistance levels. SOL price started a fresh decline from the $106 resistance against the US Dollar. The price is now trading above $92 and the 100 simple moving average (4 hours). There was a break below a key bullish trend line with support at $100 on the 4-hour chart of the SOL/USD pair (data source from Kraken). The pair could start another increase if it…

Dogecoin Price Prediction – DOGE Bulls Aim For Fresh Rally To $0.095

Dogecoin is finding bids above the $0.0750 zone against the US Dollar. DOGE could gain bullish momentum if it clears the $0.0820 resistance zone. DOGE is showing positive signs above the $0.080 zone against the US dollar. The price is trading above the $0.0795 level and the 100 simple moving average (4 hours). There is a key rising channel forming with support at $0.0795 on the 4-hour chart of the DOGE/USD pair (data source from Kraken). The price could start a recovery wave if it clears $0.0820 and $0.0850. Dogecoin…

DOT Price (Polkadot) Uptrend To Continue? These Could Be The Factors To Watch

Polkadot (DOT) is gaining pace above the $6.80 resistance against the US Dollar. The price could gain bullish momentum if it clears the $7.28 resistance. DOT is trading in a positive zone from the $6.00 support against the US Dollar. The price is trading near the $7.00 zone and the 100 simple moving average (4 hours). There was a break above a key bearish trend line with resistance near $6.50 on the 4-hour chart of the DOT/USD pair (data source from Kraken). The pair could continue to rise unless the…

Crypto Analyst Explains How XRP Could See Massive 4500% Jump To $27

Crypto analyst Egrag Crypto has once again reiterated his prediction that XRP will hit $27 soon. This time, he provided an analysis of how that will happen using XRP’s moving average as a point of reference.  How Price Will Rise To $27 Egrag suggested in an X (formerly Twitter) post that XRP could rise to $27 while analyzing the 21 Exponential Moving Average (EMA) on the monthly time frame. The analyst assessed price percentages that occur when XRP’s price is positioned either above or on the 21 EMA. Using this,…

XRP Price Takes Hit, Can Buyers Save The Key $0.50 Support?

XRP price is consolidating above the $0.50 support. The price could gain bearish momentum if there is a close below the $0.50 support. XRP is showing bearish signs below the $0.525 and $0.550 resistance levels. The price is now trading below $0.525 and the 100 simple moving average (4 hours). There is a connecting bearish trend line forming with resistance near $0.520 on the 4-hour chart of the XRP/USD pair (data source from Kraken). The pair start a fresh increase if it clears the $0.520 and $0.525 resistance levels. XRP…

Ethereum Price Could See Technical Correction But Upsides Might Be Limited

Ethereum price is attempting a recovery wave above the $2,200 zone. ETH could start a decent increase if it settles above the $2,240 resistance. Ethereum started an upside correction from the $2,165 zone. The price is trading below $2,250 and the 100-hourly Simple Moving Average. There is a short-term bearish trend line forming with resistance near $2,225 on the hourly chart of ETH/USD (data feed via Kraken). The pair might start a decent increase if it clears the $2,240 resistance zone. Ethereum Price Eyes Recovery Ethereum price managed to form…

RippleX Announces Major Update For XRP Ledger EVM Sidechain, Can This Trigger A Price Recovery

The XRP Ledger ecosystem is currently buzzing with new exciting developments that could potentially propel the price of XRP to new heights. RippleX, an extension of Ripple and an open developer platform has announced new updates for the upcoming XRP Ledger Ethereum Virtual Machine (EVM) sidechain.  XRPL EVM Sidechain Signals Hope For XRP Price Resurgence On Tuesday, RippleX released the latest developments and progress on the XRPL EVM Sidechain via an X (formerly Twitter) post. This significant update was shared by Peersyst Technology, a blockchain technology firm and an XRPL…