XRP TipBot comes back online after a tiny downtime; Nothing to be worried about, says Wietse Wind

XRP TipBot’s website and the corresponding application suffered a downtime on June 23, 2019 for a few hours, during which the application wasn’t showing the balance of users. The website and the API for TipBot instead, displayed a “500 Internal Error.” A Twitter user, @BlueNETGaming, tweeted Wietse Wind, inquiring the same. Wind confirmed that it […]
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Source: AMB Crypto

Ripple Ambitious, XRP Prices Break Out From A Bull Flag

Ripple (XRP) bullish after June 22nd price rally
Over the counter (OTC) XRP trading and non-disclosure agreement could be limiting bullish price action. 

Relative to BTC or ETH, XRP is lagging. Even though there is Libra and much hubbub about MoneyGram, bulls will begin to show their faces once again once there is a close above 50 cents.
Ripple Price Analysis
Fundamentals
The cryptocurrency landscape can be overwhelming. Complex and multifaceted, the so-called “cryptosphere” is an amalgam of diverse fields. As a result, crypto and blockchain is a melting pot. Armed with clashing opinions, analysts are always at loggerheads.
Despite the diversity in the cryptocurrency asset class, most prefer investing in Bitcoin. However, XRP is breaking away from BTC’s influence. Acting as a base asset for most crypto-to-crypto trading pairs, BTC has a direct correlation with most digital assets. But, as mentioned, XRP is gradually pulling away.
Confined in a trading space for the first half of the year, XRP is ranging and likely undervalued. Even though recent events could catalyze participation by bulls, attracting investors to the third largest asset, most are skeptical.
Because Ripple controls most of XRP in circulation, there are claims of centralization — and even manipulation as some suggest Ripple tries to keep prices as low as possible. That and countless non-disclosures with partnering financial institutions buying XRP through over-the-counter exchanges, supply-demand statistics are not readily available.
It is only after Ripple’s decentralization strategy is fully implemented that market forces would satisfactorily price XRP.
Candlestick Arrangements

Even so, XRP demand is up at the time of writing. Changing hands at 46 cents and 16.1% higher from last week’s settlement price, bulls are vibrant. Regardless of liquidation of the last 24 hours, the path of least resistance is northwards. It is easy to see why.
First, notice that XRP is trading within a bull flag, within May 2019 trade range. However, before today’s stagnation, June 22nd breakout above the resistance trend line, at the back of high trading volumes, signal buyers.
In that case, risk off traders can buy the retracements while aiming at 60 cents. Meanwhile, if buyers build up momentum leading to a close above May high at 50 cents with equally high participation, conservative traders can buy the breakout. Targets will be at 80 cents and $1.40.
Technical Indicators
Anchoring this XRP/USD trade plan is June 22 bull candlestick. Reflecting its significance is participation at 113 million.
Therefore, any breakout above 50 cents or confirmation of the leading bar, thrusting prices over and above 43 cents ought to be with better trading volumes exceeding 113 million.
Chart courtesy of Trading View. Image Courtesy of Shutterstock
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SendFriend Launches XRP-based Cross-border Payments in New Jersey

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SendFriend Launches XRP-based Cross-border Payments in New Jersey
SendFriend incorporates Ripple’s xRapid software to enable Filipinos in the US to cut costs while sending money back to the Philippines in seconds instead of days.
SendFriend Launches XRP-based Cross-border Payments in New Jersey

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Source: CoinSpeaker

Ripple Price (XRP/USD) Trimmed Gains But Testing Crucial Support

Ripple price rallied significantly above the $0.4500 and $0.5000 resistances against the US dollar.
The price traded as high as $0.5087 before it started a sharp downside correction.
There was a break below a key bullish trend line with support near $0.4650 on the hourly chart of the XRP/USD pair (data source from Kraken).
Both Ethereum and bitcoin also corrected lower and are trading in a range.

Ripple price trimmed most its recent gains against the US Dollar and bitcoin. XRP price is now trading near an important support and it could bounce back.
Ripple Price Analysis
Recently, there was a sharp upward move in ripple price above the key $0.4500 resistance against the US Dollar. The XRP/USD pair gained strength and rallied above the $0.4800 and $0.4950 resistance levels. There was also a close above the $0.4500 level and the 100 hourly simple moving average. Finally, the price rallied above the $0.5000 resistance and traded to a new monthly high at $0.5087.
However, ripple failed to stay in a positive zone and recently declined heavily below $0.5000. There was a break below a key bullish trend line with support near $0.4650 on the hourly chart of the XRP/USD pair. Moreover, there was a break below the 50% Fib retracement level of the last wave from the $0.4216 low to $0.5087 high. The pair even broke the $0.4550 level, but the $0.4500 support and the 100 hourly SMA acted as strong supports.
Ripple traded close to the 76.4% Fib retracement level of the last wave from the $0.4216 low to $0.5087 high. It is now trading nicely above $0.4500 and the 100 hourly SMA. On the upside, an initial resistance is near the $0.4620 and $0.4650 levels. If there is a successful break above the $0.4650 level, the price could start a fresh increase in the near term.
If not, there is a risk of another decline towards $0.4500 or even $0.4450. The key support is near the $0.4450 level, below which there is a risk of more losses.

Looking at the chart, ripple price is clearly trading near a crucial support area at $0.4500. As long as there is no close below the 100 hourly SMA, XRP could start a fresh increase above $0.4600 and $0.4650. Above $0.4650, the next major hurdle is near $0.4820 and a connecting bearish trend line on the same chart.
Technical Indicators
Hourly MACD – The MACD for XRP/USD is currently gaining momentum in the bearish zone.
Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now above the 50 level, with a minor bullish angle.
Major Support Levels – $0.4500, $0.4450 and $0.4420.
Major Resistance Levels – $0.4600, $0.4650 and $0.4820.
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Analysts Believe Ripple (XRP) Price May Surge to $0.55 Right Before It Screams Up To $1.00

Much to the chagrin of XRP investors and enthusiasts, Ripple’s price has been somewhat stagnant over the past few months, rising to recent highs of just below $0.50 from its year-to-date lows of below $0.30.
Although these gains are certainly nothing to be frowned upon, they are rather small as compared to the 300%+ gains that Bitcoin and many other cryptocurrencies have incurred from their 2019 lows; but XRP may soon surge higher and catch up to other cryptocurrencies.
Ripple Price Struggles to Break Above $0.50, But Bulls May Soon Step Up
At the time of writing, Ripple is trading down nearly 2% at its current price of $0.475, down slightly from its recent highs of $0.50.
Over a one-week period, XRP is trading up from lows of $0.42, which was a price at which the cryptocurrency was trapped at for an extended period of time while the rest of the crypto markets were surging higher.
The Cryptomist, a popular cryptocurrency analyst on Twitter, noted in a recent tweet that XRP will likely require a little more time before it incurs enough selling pressure to lift off and climb higher.
“$XRP: The 48 cents from yesterday’s post holding as strong resistance thus far. We did wick up to 50 cents but fell back to resistance. We may find a bit of ground before take-off, just be patient,” she said.

$Xrp
The 48 cents from yesterdays post holding as strong resistance thus farWe did wick up to 50 cents but fell back to resistance
We may find a bit of ground before take off, just be patient loveys https://t.co/wERjHtp83I pic.twitter.com/tMPDJLqTzD
— The Cryptomist (@TheCryptomist) June 23, 2019

As for where a break above $0.50 could lead XRP in the near-term, Harry, another cryptocurrency analyst who focuses primarily on XRP, said in a recent tweet that the next target for Ripple exists at $0.55.
“$XRP traders target is now $0.55c – should have been buying the dips as we moved into accumulation advance, lets go x,” he noted.

$XRP traders target is now $0.55c – should have been buying the dips as we moved into accumulation advance, lets go x
— Harry (@HaraldoXRP) June 22, 2019

Analyst: After Hitting $0.55, XRP May Target $1.00 
Assuming that the analysts’ assessments are accurate, and Ripple does target $0.55 next, a sudden influx of buying pressure could allow it to surge significantly higher, possibly leading it towards $1.00
“$XRP: $1 Target begins with this weekly resistance break,” The Cryptomist also noted in a recent tweet.

$Xrp
$1 Target begins with this weekly resistance break
Looks like pre drinks are about to end as the party begins https://t.co/pBA1Zm5aKc pic.twitter.com/uCaeEbXhI0
— The Cryptomist (@TheCryptomist) June 22, 2019

As the weekend wraps up and a fresh week of trading begins, it is highly likely that analysts will soon understand whether or not XRP will once again get caught in a pattern of consolidation, or if it will begin surging significantly higher in the near-future.
Featured image from Shutterstock.
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Analyst: Ripple (XRP) Price Will Soon Reach All-Time-Highs as Buying Pressure Mounts

Ripple (XRP) and the aggregated crypto markets have incurred a massive influx of buying yesterday after Bitcoin smashed through its previously established resistance that existed at $10,000. This upwards momentum carried over into the general crypto markets and has led to an overwhelmingly bullish sentiment among investors and analysts alike.
Now, analysts are noting that XRP may soon surge significantly higher and possibly back towards its previously established all-time-highs, as its price action prior to the latest crypto market pump can largely be characterized as lackluster.
Ripple Price Surges Towards $0.50 as XRP Bulls Come Out Swinging
At the time of writing, Ripple is trading up over 8% at its current price of just below $0.48 and is up significantly from its daily lows of $0.44.
XRP’s notable upwards movement came about directly as a result of Bitcoin’s positive price action, which led the entire crypto markets to surge higher.
Yesterday, after slowly climbing into the upper-$9,000 region, BTC incurred a sudden influx of buying pressure that sent it screaming towards $11k, which in turn led XRP to surge to highs of just below $0.50, at which point its upwards momentum slowed, leading it to settle slightly lower around its current prices.
The Cryptomist, a popular cryptocurrency analyst on Twitter, spoke about XRP in a recent tweet, optimistically noting that she believes it will climb higher in the near-future, despite facing some resistance around its current price.
“$XRP Yasssss! After weeks of mentioning it, we finally are making some solid ground. We are facing some resistance here at 47c however, 48cents is historical resistance from 23rd April. You want a Bag for when this break. Congrats if you been accumulating with me,” she said while referencing the below chart.

$Xrp
Yasssss! After weeks of mentioning it, we finally are making some solid ground
We are facing some resistance here at 47c however, 48cents is historical resistance from 23rd April
You want a Bag for when this break
Congrats if you been accumulating with me loveys pic.twitter.com/OSVoZz0fbR
— The Cryptomist (@TheCryptomist) June 22, 2019

Analyst: Don’t Be Surprised if XRP Surges Back to All-Time-Highs 
Although the crypto community is deeply divided when it comes to Ripple, one analyst recently explained that, whether you like it or not, the cryptocurrency is highly likely to surge back towards its all-time-highs, which currently exist in the upper-$3.00 region.
Bleeding Crypto, another popular analyst on Twitter, discussed this in a recent tweet, saying:
“People who told you XRP would not go anywhere, just remember how ignorant they are. This will reach ATH. no one gives a shit if its a bank coin or not. Decentralize or not. All that matters is that you can make a shit load of money from it. PERIOD. Be careful who you follow!”
Although it is unclear whether or not Ripple will really climb back towards or above its previously-established all-time-highs during the course of the next bull run, in years past XRP has experienced long bouts of consolidation before ripping upwards.
Featured image from Shutterstock.
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Latin American banks test Ripple’s xCurrent payment solutions; eyes XRP-based xRapid solutions

Facebook’s announcement of Libra has allowed cryptocurrencies to gain mainstream attention, inadvertently helping Ripple, suggested Brad Garlinghouse during the recent Brainstorm Finance 2019 event. In a recent development, Latin banks – Banesco Panama and Scotiabank Chile have reportedly run proof-of-concept for cross-border payments with Ripple. According to iupana, Banesco Panama is aiming to use blockchain technology […]
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Source: AMB Crypto

Up 15.1%, Ripple (XRP) Likely To Emulate BTC’s Performance

Ripple (XRP) up 15.1 percent
Widespread use of xRapid is the only insurance for XRP investors

Armed with solutions that speed up processes, Ripple may replace SWIFT. Use of xRapid draws demand. For XRP investors, widespread adoption is the only route for better prices. Expectedly, demand for XRP will fuel the next wave, propelling prices out of this 10 cents range towards 60 cents or higher.
Ripple Price Analysis
Fundamentals
There is hype around Libra and Facebook’s Libra. Supporters argue that Ripple will  weather through Libra disruption and cement its position as a cheaper alternative for the unbanked. Given the edge that Ripple as a platform has like speed, the entry of Libra will no doubt be a game changer.
However, countering Facebook’s broad base, Ripple will capitalize on their growing number of banks and payment processors. Aware that Libra could disrupt existing financial and money transfer landscape, Ripple could offer a way through.
MoneyGram is indisputably a selling point. Despite struggling with finances, leveraging xRapid will be the turnaround for MoneyGram investors. The option is speedy, efficient, and above all, equally beneficial for XRP investors in that demand will mostly stem from their operations.
Furthermore, through Xpring, is financing startups that are actively building use case around XRP. Wietse Wind and Stefan Thomas are rolling out products that in the long run, allows XRP not only to be a bridge currency but as a medium of exchange.
Candlestick Arrangement

Price wise, XRP bulls are on a roll. Even though they are struggling below 50 cents, there is a notable spike in activity. Catalyzing this are external events like the rise of BTC and fundamental factors favoring xRapid use.
From the charts, it is essential that bulls generate enough momentum, thrusting prices above 50 cents with high transaction volumes. After all, XRP is technically bullish if dissection is from a top-down approach.
Note that XRP prices are oscillating within the week ending May 19th bull candlestick. Instead, the bullish bar is also within the trend defining Sep 2018 candlestick. The failure of bears to wipe out May gains a hint of underlying demand. As such, aggressive traders can load up in readiness for a probable close above 50 cents with targets at 60 cents and higher.
Technical Indicators
Trading volumes matter in this trade plan. Revealing the correct trend and willingness of participants, it would be perfect if the rally past 50 cents is with high trading volumes exceeding 94 million of May 30th. That will surpass current averages of 32 million as bulls commit.
Chart courtesy of Trading View. Image Courtesy of Shutterstock
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Wholesale Central Bank Digital Currency may enter the market in 5-10 years, but crypto is already here

With the crypto community trying to drive massive crypto adoption, the central banks might just be thinking of launching wholesale Central Bank Digital Currency [w-CBDC]. ING Vysya, a privately owned Indian multinational bank released an article that talked about the new money and that central banks might partner with financial institutions to introduce digital currencies […]
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Source: AMB Crypto

The reason why XRP’s price did not see massive bump even after the MoneyGram partnership with Ripple

The partnership between Ripple and Moneygram was plaguing the Internet for almost two weeks when Ripple finally confirmed it on June 17. This led to massive FOMO in the community causing the price of MoneyGram stocks to soar. However, the price of XRP didn’t see any substantial rise; and the price of XRP has been […]
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Source: AMB Crypto

XRP Vs. Libra: Ripple’s CEO Speaks on FB Announcement and Bitcoin’s Utility

The current week one of the most critical weeks for crypto of not only this year but also in its history. It is primarily because of Facebook’s cryptocurrency Whitepaper release. Bitcoin also headed closer to $10000, which, some analyst believe will begin the real FOMO in Bitcoin [BTC].
Ripple Vs Libra Association
Nevertheless, Facebook’s whitepaper release was individually considered bad news for Ripple, XRP, and the Banks as it aimed to replace the system with one of their own. However, the CEO of Ripple, Brad Garlinghouse, feels otherwise. He told in an interview,
“This week will probably be the best week of signed contracts at Ripple ever. Banks release that if Facebook is going to be a competitor in this space. They can’t compete with SWIFT.” He added, “This has been a call to action.”
Ripple and MoneyGram established a crucial strategic partnership this week. He mentioned that a couple of banks who were earlier delaying the integration with Ripple are now actively reaching out to Ripple. Moreover, he hinted at a probable partnership with Western Union as well.
MoneyGram stock price shot up by more than 150% as the news broke out. Interesting, XRP was rather unmoved by the announcement. Also, Facebook’s stock price has been on the rise since the beginning of the week. Garlinghouse suggested that “Blockchain is kind of an expensive database” and its efficient implementation is essential. Moreover, he said that there is a lot of hoax, misinformation, and speculation around the space.
On the hysteria brought on in the market, he said,
“Facebook did not launch a cryptocurrency. Facebook wrote a whitepaper about their intent and their plans that a year from now we’re gonna a cryptocurrency called Libra… MoneyGram deal was a bigger deal for the crypto-market.”
The utility of XRP and Bitcoin
While Brad elaborated on the competition between Libra and XRP, he agreed with David Marcus on Bitcoin’s utility. Both heads of centralized solution providers for financial institutions insisted this week that Bitcoin is a store of value. It is different from the ‘medium of exchange’ that they are trying to build with Libra and XRP, respectively. He said,
“I hold Bitcoin and I’m long Bitcoin. I think Bitcoin is a store of value so people hold it. XRP will be the bridge currency.”
However, Mati Greenspan was rather shocked at the statement, he tweeted,

For those of you replying with “he’s always been long bitcoin.” Here are two reminders that he hasn’t. Don’t get me wrong, I’m very glad he’s turned around. Also, sorry for not noticing sooner. 😀👍

With Ripple’s xRapid, the banks can facilitate cross-border transactions without pre-funding those specific currencies. He mentioned there is $10 trillion just sitting in banks to facilitate cross-border transactions, whereas xRapid performs the same without any collateral.
Furthermore, Ripple has always aimed at providing regulatory compliant products. He said, “There are zero transactions enabled by Ripple that aren’t KYC’ed.”
Do you think that the banks will be able to compete Libra by using the technology? Please share your views with us. 
The post XRP Vs. Libra: Ripple’s CEO Speaks on FB Announcement and Bitcoin’s Utility appeared first on Coingape.
Source: CoinGape

Bitcoin Price Approaches $10,000 as Total Market Cap Exceeds $300 Billion

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Bitcoin Price Approaches $10,000 as Total Market Cap Exceeds $300 Billion
Bitcoin price sets a new 2019 all-time high reaching $9,800. Also, the majority of the top 100 altcoins are in the green zone as the total market cap exceeds $300 billion.
Bitcoin Price Approaches $10,000 as Total Market Cap Exceeds $300 Billion

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Source: CoinSpeaker

Is Ripple Strong Enough to Compete Against Facebook’s Libra?

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Is Ripple Strong Enough to Compete Against Facebook’s Libra?
Ripple’s Garlinghouse told Fortune’s Brainstorm Finance conference that the entry of Facebook’s Libra into the crypto scene does not worry him since it is a boon for the general crypto market, and XRP in particular.
Is Ripple Strong Enough to Compete Against Facebook’s Libra?

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Source: CoinSpeaker

Skepticism about Libra is natural, claims Sheryl Sandberg as Facebook’s crypto faces growing resistance

Facebook’s blockchain project has been under the works for more than a year. When it was finally revealed however, the whitepaper received mixed reactions from a host of people, ranging from developers to politicians of different countries. Ari Paul, CIO at BlockTower Capital, tweeted his views on Libra, guessing that there is a 50% chance […]
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Source: AMB Crypto

Ripple Effect: MoneyGram Stock Continues to Soar, When Will XRP Price Follow?

It wasn’t just Facebook making one of the biggest announcements and steps towards mainstream adoption in the crypto space this week. Ripple also announced a strategic partnership with international money transmission service MoneyGram that would see the company use its XRP crypto token and could possibly drive up XRP price.
MoneyGram’s stock has surged over 168% on the news, but although XRP price experienced an initial pop as the news was released, its since depreciated a few cents. The question remains: When will XRP price follow the major MoneyGram announcement and catch up to Bitcoin and the rest of the crypto market?
MoneyGram Shares Skyrocket After Ripple Investment News
In an attempt to pre-empt the massive news of Facebook launching its own crypto with Libra, not to be outdone, Ripple revealed a $50 million investment in money transmission service provider, MoneyGram, in a move that will utilize XRP to facilitate cross-border transactions.
The news, arguably among the most significant to hit the space since its inception, is one of first examples of a crypto being widely adopted for its intended and designed use case. The significance alone sent the stock price per share of MoneyGram from roughly $1.45, to $3.90 at the most recent local high.
Related Reading | Crypto Analysts: Ripple Most Bullish USD Chart, XRP Target 2000% Gains 
The partnership sees MoneyGram using XRP – the native crypto token of the Ripple blockchain – for digital remittance. The digital remittance market is said to reach $8.59 billion in USD by 2025. MoneyGram’s largest competitor, WesternUnion, also launched a pilot where it used the beta version of Ripple’s xRapid product.
WesternUnion ended the pilot, stating that Ripple was only able to meet its current throughputs and transaction speeds, offering no major improvements over its legacy systems. While some saw this as a failure for Ripple, CEO Brad Garlinghouse saw their beta product matching a decade-strong system from the industry leader as a massive success and achievement for the crypto-focused firm.

When Will XRP Price Catch Up to Partner Stock Surge?
Clearly, Wall Street has taken notice of the news as can be reflected in the price of MoneyGram shares. But what about XRP price? When will it finally show some positive movement for investors, and reflect the impact of what is one of the biggest announcements to ever hit the crypto industry?

I do not think the current price is fully reflective of the news being completely digested. Markets often under-react as people are initially anchored and info is not completely disseminated. This setup is worth taking, I think we see $XRP cover ground in the next two months. pic.twitter.com/vD3PXsByrj
— Cantering Clark (@CanteringClark) June 18, 2019

It may not be for a while longer, potentially two months as the above analyst points out. But when it does resolve, investors are expecting XRP price to go on a moon mission.

$xrp moonship. my kids names will be X-rapid and Riponzel pic.twitter.com/AGD7aO5dE8
— cryptoamd (@cryptoamd) June 17, 2019

In recent weeks, other analysts have called the XRP price chart the most bullish out of any major cap altcoins, like Ethereum, or even Litecoin, which is less than two months away from its halving event. Analysts also agree the bottom is in for XRP.

$XRP / $USD bottom likely in imo pic.twitter.com/UdQth3o2l1
— Moon Overlord (@MoonOverlord) June 18, 2019

While longer term targets are calling for as much as $10 by the end of the year, short term, analyst are watching to see if the EMA10 and EMA20 hold up following a bearish engulfing candle forming after the MoneyGram news.

$XRP Daily Chart.
Bearish engulfing candle today. If the 10 and 20 ema's hold it up, I would expect a hard run to test and possibly break the pennant. On the downside, watch the 50 ema and 78.6 retrace at .39. This pennant could take another month to play out.#XRP pic.twitter.com/G2iCSHPElS
— CryptoFibonacci (@CryptoFib) June 19, 2019

A bounce there would sent XRP price upward to test the top of a multi-month pennant, which could finally cause XRP to break out of its bear market downtrend. When the pennant does resolve, and XRP breaks upward, the move is expected to be fast, violent, and incredibly profitable for anyone loading their bags with XRP currently.
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