|Day's range||0.283 - 0.294|
|52-week range||0.1785 - 0.5055|
|Volume (24 hrs)||3.79B|
|Volume (24 hrs) all currencies||3.79B|
Ripple's XRP token has enjoyed a fruitful start to 2020 with an outstanding 47% rally since the turn of the year. XRP value - technical analysis Over the weekend it surged towards the $0.35 level of resistance before suffering a gruelling rejection that saw it slump back down to $0.27. The daily 50 exponential moving average is rapidly moving towards the 200 EMA, and a cross to the upside would result in a long-awaited golden cross, which should in-turn create further momentum to the upside. While the recent sell-off has been significant, XRP remains in a more bullish posture than it was towards the back end of 2019 when it struggled below the $0.20 level. Several analysts are also predictingThe post XRP value looks set for major price hike to $0.50 appeared first on Coin Rivet.
Crypto exchange Binance's Singapore unit has applied for a license under the country’s new Payment Services Act, which came into force on January 28.The post Binance Singapore has applied for a license under the country’s new payment law appeared first on The Block.
It’s a bearish start to the day for the majors, which are deep in the red. Failure to move through key levels by late morning could lead to heavier losses.
The National Bank of Egypt (NBE), the country’s biggest bank by total assets, has joined Ripple’s blockchain-based payments network RippleNet.The post Egypt’s largest bank joins RippleNet for remittances appeared first on The Block.
Ripple's XRP token is on the brink of a major breakout following a fruitful start to the year that has seen it rise by more than 88%. At the time of writing it is trading at around $0.33 after obliterating the $0.30 level of support for the first time since August 2019. Upside targets remain at both $0.35 and $0.37 although it wouldn't be out of the blue for XRP to surge all the way to $0.40 over the coming weeks. In the past 48-hours alone it was up by 16% as spectators begin to believe in a newfound cryptocurrency bull market that has been spurred by the impact of coronavirus on the global economy. Another factor in the surgeThe post Latest Ripple price and analysis (XRP to USD) appeared first on Coin Rivet.
It’s a mixed start to the day for the majors. A move back through Thursday’s highs would be needed to bring resistance levels into play.
The price of XRP on BitMEX's newly-launched perpetual swap contract crashed by more than 60% to $0.13 after a volatile swing in the underlying asset. One trader on Twitter by the name of Marc de Koning revealed how his entire account had been wiped as his stop-loss failed to trigger during the unexpected flash crash. The price of XRP on spot exchanges fell to around $0.315, suggesting that the issues lie within a lack of liquidity on the books as opposed to a failure in index price. The XRP perpetual swap index is made up of prices from Kraken, Bitstamp and Coinbase Pro which, on first glance, show that price didn't slump to below $0.317. Slippage of this magnitude isThe post Outrageous XRP flash crash liquidates BitMEX trader appeared first on Coin Rivet.
The XRP/USD swap contract is going live on February 5 at 4:00 UTC, BitMEX announced on Twitter. The product was first revealed in January. The post BitMEX to launch XRP perpetual swap tomorrow, with up to 50x leverage appeared first on The Block.
XRP rallied to its highest point since November 18 over the weekend, testing the 200 exponential moving average and the $0.26 level of resistance. XRP is now 38% up since its low of $0.18 on December 17, with the market cap increasing by $3 billion to $11 billion. From a technical standpoint it needs to break above the 200 EMA as it has not traded above that point since last July, weeks after it surged to a yearly high of $0.51. A clear breakout would not only give investors confidence but also ease the scrutiny on Ripple's CEO Brad Garlinghouse, who has been vigorous in his defence of the project over the past year. He has, on numerous occasions, statedThe post XRP surges to 12-week high as bull market approaches appeared first on Coin Rivet.
Japanese financial services giant SBI Holdings is set to give shareholders the option to receive XRP as a benefit.The post Japan's SBI to offer XRP as shareholders benefit later this year appeared first on The Block.
Bitcoin surging 30% to top its 200-day moving average could signal another strong year to come for bitcoin, says Fundstrat's Tom Lee.
Ripple's controversial XRP token has surged significantly over the past month, bouncing by 30% from December's low of $0.18. XRP is currently trading at around $0.24, with its sights set firmly on breaking out above the gruelling $0.25 level of resistance. However, XRP has been met with constant rejections from this level over the past week as it attempts to keep up with Bitcoin's recent charge to the upside. A break to the upside would see price targets emerge at $0.26 and $0.29, but it's also worth keeping a watchful eye on the 200 moving average and exponential moving average - both of which are hovering around the $0.26 mark. A clear breakout would also undoubtedly see Ripple CEO BradThe post XRP rallies by 30% in one month as bull market beckons appeared first on Coin Rivet.
If you participate in or at least follow the markets, you’ll know that predicting cryptocurrency prices is not an exact science. The markets are affected by many internal and external pressures that can spur a sudden breakout or landslide. Here, we’ll examine some of the possible hits and misses facing Ripple in the coming year and take a look at XRP predictions for 2020 and beyond. A quick look at XRP’s past performance As with all major cryptocurrencies, XRP’s price hit its peak in early 2018 when one XRP was worth as much as $3.65. However, we all know how savage 2018 was in the cryptocurrency space. With XRP price, it was a veritable bloodbath. Even after a fairly positiveThe post XRP predictions - is there any hope for 2020? appeared first on Coin Rivet.
Ripple CEO Brad Garlinghouse has told World Economic Forum (WEF) delegates in Davos, Switzerland that an initial public offering (IPO) may be on the cards for Ripple soon. IPOs are events where stocks in a company are generated and sold publicly for the very first time. Recent high-profile IPOs have included Beyond Meat, Uber, and Lyft. According to Asheesh Birla, SVP of Ripple, Garlinghouse shared with the audience: “In the next 12 months, you’ll see IPOs in the crypto/blockchain space. We’re not going to be the first… but I expect us to be on the leading side. It’s a natural evolution for our company.” The initial coin offering (ICO) craze was, to some extent, originally supposed to replace the IPOThe post Brad Garlinghouse hints that Ripple may soon go public appeared first on Coin Rivet.
Brad Garlinghouse, CEO of Ripple, has indicated that the firm could go public in the next 12 months. Speaking at the World Economic Forum in Davos, Garlinghouse told the Wall Street Journal on Thursday that an initial public offering (IPO) is a “natural evolution” for the company. “In the next 12 months, you’ll see IPOs […]The post Ripple’s IPO could come within 12 months, suggests CEO appeared first on The Block.
Blockchain payments processor BitPay has added support for XRP, the world’s third-largest cryptocurrency by market capitalization. XRP has been integrated on BitPay's platform via Ripple’s open developer platform, Xpring. The two companies first partnered on the initiative in October. At the time, Sean Rolland, BitPay’s director of product, said that XRP can offer a payment […]The post BitPay adds support for XRP appeared first on The Block.
According to Fortune magazine, blockchain behemoth Ripple is one of the best places to work in the Bay Area. In a 2020 ranking of small and medium-sized companies, Ripple comes in 25th place. This is the second consecutive year that the cryptocurrency company has made the Fortune list. In 2019, Ripple was ranked in 17th place. The young company may have dropped a few points since last year, but the listing proves Ripple's doing something right. Brad Garlinghouse ‘humbled’ by the ranking Ripple CEO Brad Garlinghouse reacted to the news on Twitter, stating that he is “humbled” by the ranking and that it is all down to his “insanely talented team”. Every day I’m humbled by this insanely talented teamThe post Ripple ranked among best places to work in 2020 by Fortune appeared first on Coin Rivet.
It’s a mixed start to the day as investors lock-in gains from Tuesday. A move back through the early highs would signal another breakout.