Tag: XRP

CoinDesk 20 Performance Update: ADA and XRP Lead

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XRP Price Maintains Support Level: What It Means For The Bulls

XRP price climbed higher and tested the $0.4840 resistance zone. The price corrected gains but the bulls are able to protect the $0.4750 support. XRP price is eyeing an upside break above the $0.4840 resistance zone. The price is now trading above $0.4720 and the 100-hourly Simple Moving Average. There is a connecting bullish trend line forming with support at $0.4760 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair might gain bullish momentum if there is a close above the $0.4840 resistance. XRP Price…

XRP Price On The Verge Of Breaking Falling Wedge

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XRP has mostly traded below $0.5 since the second week of June but a new price formation shows this could change very soon. According to a crypto analyst known pseudonymously on social media as ZAYK Charts, XRP has been forming a wedge pattern over the past few months that could succumb to a 40% breakout from the current price level. Related Reading XRP On The Verge Of Breaking Out Like most cryptocurrencies, the price of XRP has declined in the past few weeks. Price data from Coinmarketcap shows it has…

XRP Price Fails To Ignite: Understanding The Downward Risks

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Aayush Jindal, a luminary in the world of financial markets, whose expertise spans over 15 illustrious years in the realms of Forex and cryptocurrency trading. Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis. From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked…

Crypto Analyst Says ‘XRP Is In Trouble,’ Here’s Why

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Crypto analyst Alessio Rastani has warned that XRP is in “trouble” following his recent analysis of the chart. He outlined certain “strong warnings” on the chart, which showed that the crypto token could experience further price declines. Why XRP Is In Trouble Rastani mentioned in a video on his YouTube channel that XRP could drop to $0.13 or even lower as part of Wave C of his analysis using the Elliot Wave Theory. He noted that a drop to that price level represents about a 100% decline for XRP from…

Kaspa is beating Solana, Bitcoin, XRP as it nears key price

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Kaspa price has recovered and is slowly nearing its highest point this year as other cryptocurrencies remain under pressure. KAS has risen for four straight days and was trading at $0.18, up 32% from its lowest level this month.  Kaspa has outperformed most large-cap cryptocurrencies in the second quarter. Notably, Bitcoin, Ethereum, Solana, and Ripple’s XRP have dropped by 12.5%, 4.35%, 22%, and 25%, respectively.  Kaspa vs Bitcoin vs Ethereum vs Solana vs XRP Kaspa’s rebound coincided with its open interest in the futures market rising for seven straight days…

Ripple (XRP) Leverages Blockchain to Overcome Payment Reconciliation Challenges

Ripple (XRP) is making strides in revolutionizing global payments by addressing the long-standing challenges in payment reconciliation through blockchain technology, according to ripple.com. The company aims to enhance accuracy, efficiency, and support in the reconciliation process, transforming it into a seamless experience. Blockchain at the Core At the heart of Ripple’s solution is blockchain technology, known for its transparency, security, and immutability. Ripple Payments leverages blockchain to provide a single source of truth for all transactions, ensuring data accuracy and completeness, which are essential for…

XRP Price Dips Again: What’s Causing The Continued Slide?

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XRP price struggled to recover above the $0.480 resistance zone. The price is again moving lower and might drop below the $0.4680 support. XRP price failed to extend gains above the $0.4800 resistance zone. The price is now trading below $0.4750 and the 100-hourly Simple Moving Average. There is a major bearish trend line forming with resistance at $0.4720 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair might again face rejections near $0.4720 and $0.480. XRP Price Retreats XRP price attempted a recovery wave…

Triangle Formation That Sparked The 2017 XRP Rally Returns, What’s The Target?

The XRP price is seeing another triangle formation on its chart that could point to an impending rally. One important fact about this triangle formation is the fact that it led to a significant rally seven years ago, and if history repeats itself, then XRP may be set for a bullish wave. XRP Triangle Formation Signals Bullish Continuation In an analysis on TradingView, crypto analyst TradingShot pointed out that the XRP price is seeing another triangle formation. This formation comes from the culmination of a number of indicators, all of…