|Day's range||0.172 - 0.178|
|52-week range||0.1151 - 0.5055|
|Volume (24 hrs)||2.12B|
|Volume (24 hrs) all currencies||2.12B|
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.
Volatility has returned to Ripple's XRP token with it trading between an eight percent range on Monday morning. It initially sprung from the $0.14791 level of support to $0.1626 before suffering a sell-off, with it now trading back down at $0.15623. The volatile trading session has been attributed to the Federal Reserve's pledge to support the markets by purchasing assets with "no limits". The announcement from the Fed caused a temporary hike in the US stock market, reiterating the positive correlation equity markets have with cryptocurrencies. From a short-term perspective, XRP needs to continue closing daily candles above the $0.14791 level of support as it aims to push towards a potential breakout. A confirmed breakout would come into fruition if
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
Ripple has announced a new partnership with European money transfer firm Azimo. Azimo will utilize Ripple’s On-Demand Liquidity (ODL) solution, which leverages XRP, to settle cross-border payments into The Philippines.The post European money transfer firm Azimo now uses XRP to settle select remittances appeared first on The Block.
Coinbase Wallet has added two new functionalities to its app that allow users to send crypto using short human-friendly addresses instead of traditional long addresses.The post Coinbase Wallet now allows users to send crypto using ‘.eth’ addresses appeared first on The Block.
Ripple's XRP token could be on the brink of a major 30% correction if the recent head and shoulders pattern plays out, according to renowned veteran trader Peter Brandt. Brandt explained his view on Twitter by stating: "It will be interesting to see if this H&S top plays out. If so, the target would be $0.2071." XRP is now 23% lower than Saturday's high of $0.35 with it currently trading at around the $0.27 level of support. A head and shoulders pattern in terms of technical analysis is typically a reversal signal which, should it come to fruition, means it will likely cause a new bearish trend. However, one positive for XRP is that it bounced from the daily 200The post Veteran trader claims XRP could fall to $0.20 as key pattern plays out appeared first on Coin Rivet.
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.
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.
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.