|Day's range||0.16 - 0.161|
|52-week range||0.0918 - 0.3967|
|Volume (24 hrs)||1.28B|
|Volume (24 hrs) all currencies||1.28B|
The price of Ripple's XRP token continues to stagnate in a bearish posture in spite of its position as the fourth largest cryptocurrency in circulation. XRP, which now has a market cap of $8.66 billion, is now trading below the $0.20 level of support, which may now flip to a point of resistance. It is worth 16.02% less than it was at this point last month, which demonstrates a clear change in behaviour since the rejection from the daily 200 EMA at $0.235. In order to trigger a bullish reversal from a macro standpoint XRP needs to cycle its way back above the yearly high of $0.346 to form its first lower high since it spiked to an all-time high
Ripple's polarising XRP token has endured a rollercoaster year thus far, rallying to $0.34 before suffering a major sell-off that saw it fall to a devastating three-year low of $0.13. It has since, to its credit, surged back towards the $0.20 level of resistance turned support, although the outlook over the next few months looks far from positive. XRP has undeniably been in a gruelling downtrend ever since its jaw-dropping $3.27 all-time high in January 2018, printing consistent lower lows and lower highs along the way. There have been rare but significant spikes to the upside, notably in September 2018 and again in May 2019, but it has often failed to establish levels of support above $0.50. Ever since the
It’s another bullish start to the day for the majors. A move back through Wednesday’s highs would bring resistance levels into play.
Distributed ledger firm Ripple and its CEO, Brad Garlinghouse, have filed suit against video sharing giant YouTube. The post Ripple files lawsuit against YouTube for failing to stop XRP giveaway scams appeared first on The Block.
More than half of eToro's global user base has invested in XRP, Ripple's native digital asset, according to a new report.The post More than half of eToro's global user base is invested in XRP appeared first on The Block.
Ripple partner SBI Holdings has begun to use R3 blockchain technology for FX margin trading, according to a report by Japanese outlet PR Times. Use of the technology is confined to the company itself, with the firm tracking through prior order history to prevent human error. "We have reduced the operational risk in the confirmation business and ensured high privacy protection and tamper resistance. In addition, the blockchain guarantees the identity of transaction data between the parties and improves the reliability of collation work. Furthermore, the real-time transmission of information enables seamless data linkage to back office work.” SBI Holdings said in a statement. The $ 33 billion remittance market in Korea. CoinOne Transfer will partner with Ripple and SBI
Bank of America's Head of Global Banking has heaped praise on cryptocurrency project Ripple and its ability to integrate with traditional banking services. Speaking on a podcast, BoA's Julie Harris discussed emerging payment options for businesses and how it can improve efficacy. "It’s not about our platform and our capabilities, it’s about you as a client and the infrastructure you have and the ability for us to integrate, whether that’s with platforms and capabilities that we built or partnerships that we have with the likes of Ripple or Swift." She said. "These are Fintechs that we’re partnering with. They’ve come through all of our rigor of legal and compliance and we’re able to leverage our banking as a platform to
Institutional crypto custodian Anchorage has added support for XRP, the third-largest cryptocurrency by market capitalization.The post Crypto custodian Anchorage adds support for XRP appeared first on The Block.
The Ripple foundation has been dealt a fresh blow with two new accusations being lodged in a class-action lawsuit by XRP investor Bradley Sostack. The lawsuit was originally filed by in 2018 with Sostack alleging that Ripple had sold the XRP token as an unregistered security, which is in breach of US securities law. An amendment to the lawsuit was made last Wednesday with claims that Ripple engaged in false advertising under California law. “Lead Plaintiff brings this sixth claim for relief for false advertising in violation of California Business and Professions Code Section 17500 under the alternative theory that XRP is not a security. “Defendants operate a business where they intended to, and did, sell XRP to members of
It’s been a mixed start to the day for the majors. Failure to move back through the early highs could see support levels come into play.
Spanish banking giant Santander is bringing its Ripple-powered payment solution to Mexico this year.The post Santander to expand Ripple-powered payments to Mexico this year appeared first on The Block.
Ripple CEO Brad Garlinghouse claimed that over-the-counter XRP token sales have been key to ensuring the company is operating at a profit. As quoted in a report by the Financial Times, Garlinghouse said: “We would not be profitable or cash flow positive without selling our XRP holdings. “Well XRP is one source. I don’t know how to answer that because if you took away our software revenue, we’ll become less profitable. If you took away all our XRP, that makes us less profitable. So I don’t think about it as one thing.” Ripple has come under intense scrutiny over its token sales during the past two years, with a group of investors filing a lawsuit against the company over the