Morgan Stanley Execs Launch XRP & Crypto Exchange to Match Nasdaq

Eight former tech execs from financial giant Morgan Stanley have launched a crypto derivatives trading platform in Singapore and it will include XRP. The unattractively named Phemex works ten x faster than other crypto platforms and will offer 100x leverage for both institutional and retail investors into crypto. As well as XRP the platform will offer Bitcoin and Ethereum perpetual contracts which will eventually be backed by stocks, metals, energy, and forex. The internet has made it possible to communicate and transfer information, a public blockchain enables instant transfer of…

Ripple (XRP) Price Could Revisit $0.2000, BTC & ETH Under Pressure

Ripple price rallied recently above the $0.2220 resistance, but failed near $0.2265 against the US dollar. The price currently declining and it is approaching the pre-rally level near $0.2100. There is a new bearish trend line forming with resistance near $0.2210 on the hourly chart of the XRP/USD pair (data source from Kraken). Ethereum is also down and moving towards the $142 support area. Ripple price is still trading in downtrend despite the recent rally against the US Dollar, similar to bitcoin. XRP price is likely to revisit the $0.2000…

Price Analysis 04/12: BTC, ETH, XRP, BCH, LTC, EOS, BNB, BSV, XLM, TRX

Bitcoin price is leading from the front and is showing signs that a bottom has been reached. On Dec. 2, open interest on Bakkt’s Bitcoin futures reached a new all-time high. This came just a few days after the daily Bitcoin futures trading volume had hit a lifetime high. These back to back trading volume records show an increasing interest from institutional investors but the majority of the crypto community is still wondering why Bitcon’s spot price is not steadily increasing.  Bakkt’s launch of Bitcoin options contracts on Dec. 9…

Ripple (XRP) Price Remains In Downtrend, BTC & ETH Down 3%

Ripple price is declining and it is now trading below the $0.2180 support against the US dollar. The price is trading in a downtrend and it seems like the bears are aiming $0.2000. This week’s major bearish trend line is still active with resistance near $0.2205 on the hourly chart of the XRP/USD pair (data source from Kraken). Ethereum also traded below the key $145 support and it could retest $135. Ripple price is showing signs of further losses against the US Dollar and bitcoin. XRP price is likely to…

Key Indicator Shows Ripple (XRP) Price Could be on the Verge of a Rally

The majority of the Ripple (XRP) holders were waiting for the yearly Swell conference to bring some excitement to XRP price. However, the price didn’t move at all and now Ripple is searching for annual lows on its USD pair.  Crypto market daily performance. Source: Coin360 The question is, was it reasonable for investors to expect a vast rally before the Swell conference or should they have not expected any upward movement at all? Let’s look at the charts to see what XRP price might do in the future.  Ripple…

Ripple Return 1 Billion XRP to Escrow, Will Price Start to Rise?!

Since day one investors have been obsessed with the fact Ripple releases 1 billion XRP from escrow every month to sell directly to wealthy investors & institutions. This discounted XRP was sold directly to major institutional investors and organizations with proceeds going to the advancement of the XRP ecosystem. As usual, 1 billion XRP released from escrow on Dec 1st, almost immediately it was returned to the same wallet meaning all XRP must now be bought on exchanges. As readers may recall from the previous quarterly report, Ripple publicly announced…

Ripple (XRP) Price Continues To Probe Key Supports

Ripple price is struggling to stay above the $0.2180 support area against the US dollar. The price is likely to face resistance near the $0.2230 and $0.2240 levels. Yesterday’s key bearish trend line is intact with resistance near $0.2230 on the hourly chart of the XRP/USD pair (data source from Kraken). Ethereum also seems to be facing a strong resistance near the $150 and $152 levels. Ripple price is facing an uphill task against the US Dollar and bitcoin. XRP price must settle above $0.2250 to continue higher in the…

Ripple Transfers 1 Billion XRP Tokens From Escrow Wallet and Back Again

Whale Alert, the ever-vigilant live tracker for cryptocurrency transactions, noted that Ripple transferred a total of 1 billion XRP tokens from its escrow wallet on Dec. 2. The blockchain-based payments firm moved the massive amount of tokens in two separate transactions, worth around $219 million in total as of press time. Interestingly, the company transferred the exact same amount of tokens back into escrow only seven minutes later, this time in three separate transactions. Is Ripple crashing the token’s price? This isn’t the first time that Ripple has executed such…

Price Analysis 02/12: BTC, ETH, XRP, BCH, LTC, EOS, BNB, BSV, XLM, TRX

Bitcoin appears to have bottomed at $6,500 and once confirmed many cryptocurrencies could provide lucrative trading opportunities at a good risk-reward ratio. Bitcoin price continues to trade with an advantage to bears but this does not mean investors or miners have capitulated. About 64% of the total Bitcoin mined to date has been dormant in wallets since 2018. This shows that Bitcoin hodlers do not believe in trading for short-term gains, as they anticipate much higher prices in the future. While this might be a feasible strategy for the whales,…

Bitcoin, Ether, and XRP Weekly Market Update December 2, 2019

Reading Time: 4 minutes by Georgi Hristov on December 2, 2019&nbspAltcoins, Bitcoin, Cryptocurrency Market Outlook, Ethereum, News, News Digest, Price Analysis, Price pages, Ripple, Stablecoins, Top Coins For The Week The total crypto market cap added $20.2 billion of its value during the last seven days and now stands at $202.4 billion. The top 10 currencies are all in green for the same time frame with EOS (EOS) and Cardano (ADA) being the best performers with 13.7 and 10.5 percent of gains respectively. By the time of writing bitcoin (BTC)…