Ripple CEO Brad Garlinghouse Disappointed with India Crypto Ban

According to Garlinghouse, with its crypto ban, India is likely to miss out on a technology that can serve its huge population with much ease and fairness. India, being a heavily populated country, remains a key piece in the ongoing global push for cryptocurrency adoption. However, its policymakers are lagging behind especially in formulating and implementing laws that favor and govern the cryptocurrency industry at large. Recently, a report by media outlet Bloomberg indicated that India plans to introduce a new ban for crypto trading. However, the country is focused…

Mojaloop Foundation Onboards Ripple to Advance Financial Inclusion

Ripple’s highest social priority is enabling the vulnerable and unbanked populations to enjoy economic opportunity and fairness. That’s one of the main reasons why it has joined Mojaloop Foundation. During yesterday’s announcement, Mojaloop made it clear that it has brought on board two other sponsor members, Ripple, which is a well-known enterprise blockchain solution provider, and PhonePe, India’s top digital payments platform. The two firms are now mandated with the task of providing technical guidance, governance, and implementing the strategic vision after being admitted to the Board of Director’s circle…

Technicals Point Towards Ripple (XRP) Increase To $0.27 Despite Some Roadblocks

Ripple is gaining pace above the $0.2500 resistance against the US Dollar. It seems like XRP is aiming a run towards the $0.2700 resistance level as long as it is above $0.2400. Ripple is showing positive signs above the $0.2450 and $0.2500 levels against the US dollar. The price traded to a new weekly high at $0.2580 and it settled above the 100 hourly simple moving average. There was a break above a major bearish trend line with resistance near $0.2460 on the hourly chart of the XRP/USD pair (data…

Ripple CEO criticizes India’s looming crypto ban

Indian government officials are reportedly planning to discuss a new bill whose legal framework would ban cryptocurrencies on the subcontinent.  According to a Sept. 15 report from Bloomberg, the Indian federal cabinet is considering a law banning crypto six months after courts lifted a blanket ban. Anonymous sources claimed that the Indian government would encourage the development of blockchain technology, but not cryptocurrency trading. In response, Ripple CEO Brad Garlinghouse called the decision “disappointing,” stating that cryptocurrency had the potential to help underserved populations in the country: Disappointing to see…

Key Reasons Why Ripple (XRP) Price Could Surge Past $0.25

Ripple is recovering above the $0.2450 resistance against the US Dollar. The current technical structure suggests XRP price is likely to surge above $0.2500 and $0.2550. Ripple is slowly gaining bullish momentum above the $0.2450 resistance against the US dollar. The price is trading near the $0.2500 resistance, but it is above the 100 hourly simple moving average. There is a key bullish trend line forming with support near $0.2470 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could accelerate higher if it clears…

Ripple (XRP) Above This Confluence Resistance Could Spark Fresh Rally

Ripple retested the $0.2380 support zone against the US Dollar. XRP price is likely to start a fresh rally once it clears the 100 hourly SMA and the $0.2460 resistance region. Ripple is recovering higher after tagging the key $0.2380 support zone against the US dollar. The price is trading near the $0.2420 resistance and the 100 hourly simple moving average. There was a break below a major bullish trend line with support near $0.2430 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair must…

Ripple (XRP) Could Avoid Another Setback if it Stays Above 100 SMA

Ripple failed to clear the $0.2500 resistance and corrected lower against the US Dollar. XRP price must stay above $0.2380 and the 100 hourly SMA to start a fresh increase. Ripple is down 3% and it retreated lower from the $0.2485 high against the US dollar. The price is trading near the $0.2380 support and the 100 hourly simple moving average. There was a break below a major rising channel with support near $0.2430 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair must stay…

Ripple (XRP) Just Saw A Key Technical Breakout: Relief Rally Underway

Ripple started a steady recovery wave, following bitcoin’s upward move and ethereum’s rally against the US Dollar. XRP price is likely to revisit $0.2575 or $0.2620 in the near term. Ripple is up 4% and it is trading above the $0.2350 and $0.2440 resistance levels against the US dollar. The price is showing positive signs above the $0.2450 level and the 100 hourly simple moving average. There was a break above a key bearish trend line with resistance near $0.2360 on the hourly chart of the XRP/USD pair (data source…

Ripple (XRP) Price is About to See “Liftoff”, As Key Technical Breakout Emerges

Ripple seems to be forming a strong support near $0.2295 against the US Dollar. XRP price is showing breakout signs and it could start a significant recovery wave above $0.2450. Ripple is up 2% and it cleared a major technical breakout pattern against the US dollar. The price seems to be forming a decent support base near the $0.2300 and $0.2295 levels. There was a break above a crucial bearish trend line with resistance near $0.2380 on the 4-hours chart of the XRP/USD pair (data source from Kraken). The pair…

$0.22: Ripple (XRP) Bears Aim Big After Recent Slide Below $0.25

Ripple declined heavily along with bitcoin and ethereum against the US Dollar. XRP price even broke the $0.2500 support zone and it is currently correcting losses. Ripple is down over 10%, and it broke the $0.2620 and $0.2550 levels against the US dollar. The price traded to a new weekly low at $0.2372 and it is now well below the 100 hourly simple moving average. There is a major bearish trend line forming with resistance near $0.2560 on the hourly chart of the XRP/USD pair (data source from Kraken). The…