TransferWise Undermines the Potential Advantage of Blockchain Technology

CoinSpeaker

TransferWise Undermines the Potential Advantage of Blockchain Technology

Here’s a look into the myth of TransferWise regarding blockchain and why it is wrong into its belief.

TransferWise Undermines the Potential Advantage of Blockchain Technology

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Source: CoinSpeaker

Ripple Price Analysis: Ripple Plummets Below $0.50; Support Beneath at $0.40

Key Highlights:

Ripple has dropped back below the $0.50 handle over the past session of trading to trade around $0.44.
The market is expecting strong combined support at the $0.40 handle.
Support moving forward; $0.45, $0.4221, $0.4091, $0.4034, $0.3825, $0.3429, $0.3304.
Resistance moving forward; $0.4702, $0.4755, $0.4975, $0.5198, $0.5365, $0.5584, $0.60.

Ripple has seen a further price decline totaling -9.32% over the past 24 hours of trading against the USD. The market is presently trading at a price of $0.4463 after undergoing a 13% price decline over the past 7 trading days. However, compared with the rest of the Cryptocurrency market, Ripple has been holding relatively strongly.
Ripple continues to hold the number 2 ranked position in terms of overall market cap value across the entire industry. It currently holds an $18 billion value and continues to widen the gap between Ethereum. XRP has seen a 38% price hike over the last 90 trading days as the 64-month-old coin now trades at a price that is 87% lower than the all-time high value.
Let us continue to analyze price action for XRP/USD over the short term.
Ripple Price Analysis [XRP]
XRP/USD – SHORT TERM – DAILY CHART
Chart Source by TradingView
Analyzing price action from the short term perspective above, we can see that the recent market drop had seen XRP/USD fall to a low of $0.3961 today. We can see that this area was heavily supported by the short-term .886 Fibonacci Retracement level (drawn in blue) priced at $0.4034 and the downside 1.272 Fibonacci Extension level (drawn in red) priced at $0.4091.
As the market hit this area of combined support the bulls stepped back in and began to regain some of the losses. We can see that XRP/USD is now trading at the support provided by the short-term .618 Fibonacci Retracement level (drawn in blue) priced at $0.4535 as the Bulls battle for control.
Moving forward, if the sellers continue to drive price action below the $0.45 handle we can expect immediate support below to be located at the short-term .786 Fibonacci Retracement level (drawn in blue) priced at $0.4221 followed by the combined support at the $0.40 handle.
If the bearish sentiment continues further lower then further support can be found at the October 12 low priced at $0.3780 followed by the long-term downside 1.414 Fibonacci Extension level (drawn in red) priced at $0.3428.
Alternatively, on the other hand, if the buyers can hold above the support at the $0.4535 handle and drive price action higher we can expect further resistance above to be located at the .5 and .382 Fibonacci Retracement levels (drawn in blue) priced at $0.4755 and $0.4975, respectively.
If the bullish momentum continues to drive price action further higher then more resistance above can be located at the short-term 1.414 and 1.618 Fibonacci Extension levels (drawn in purple) priced at $0.5356 and $0.5584, respectively.
The RSI has recently slipped below the 50 handles to indicate that the sellers are in control of the market momentum. For a sign that the selling pressure is fading, we will look toward the RSI rising back toward the 50 handles.
The post Ripple Price Analysis: Ripple Plummets Below $0.50; Support Beneath at $0.40 appeared first on Coingape.
Source: CoinGape

UC Berkeley to explore XRP consensus mechanism; receives grant from Ripple’s UBRI

In its recent document announcing the research program focused on Ripple, UC Berkeley has called for proposals, for which the deadline is set to be 30th November. It also acknowledged the grant awarded by Ripple to the institution for the same purpose. The document read:
“Berkeley Haas has been awarded a multi-year, multi-million-dollar grant
from Ripple, a growing company in the emerging blockchain industry, to support research,
courses and student activities in blockchain, cryptocurrency and digital payments”
The document also informed that the fund will be housed in the Institute for Business and Social Impact [IBSI], wherein the funds will further be granted for the following purposes: cryptocurrency and digital payments, blockchain systems, cryptography and related subjects, for instance, blockchain for global financial inclusion and economic development.
In the announcement, the university also provided the aspects that a research proposal topic can include. Under technical topics, one can include efficient scaling solutions for XRP consensus mechanism. Another research topic suggested by UC Berkeley was:
“Evaluate the incentives in emerging blockchain networks (proof-of-work, Byzantine
fault tolerant (XRP), etc.) on a variety of factors including: network diversity and
participation, security, consolidation of decision making, etc”
Under business topics, the document specified but did not limit the proposals to include the use of blockchain in verifying and protecting medical records, identity to avoid voter fraud, which will further be used to fetch immediate verification of results. The suggestion also included a topic that revolved around the implications for automation of contractual relations across a value chain.
Lastly, a section was dedicated to the topics surrounding regulatory issues in the cryptocurrency space. The overall regulatory framework regarding digital assets, its projection of new technologies on the world, locally and globally were some of the points in sight under regulatory issues.
The post UC Berkeley to explore XRP consensus mechanism; receives grant from Ripple’s UBRI appeared first on AMBCrypto.
Source: AMB Crypto

XRP invictus amidst market crash; Binance CZ clears the air around base-pair buzz

The cryptocurrency market is currently experiencing one of the most brutal bear attacks, wherein all the big coins, such as Ethereum [ETH], Stellar Lumens [XLM], Litecoin [LTC], EOS, Cardano [ADA], Monero [XMR] and Tron [TRX] have slumped by more than 10%. Here, Bitcoin [BTC] also broke below $5,000 amidst the bloodbath witnessed by the market.
However, XRP, which is now the second-largest cryptocurrency in the world after surpassing Ethereum’s market cap is absorbing most of the damage and is only down by 4%. At press time, the coin was trading at a decent price of $0.49 with a market cap equivalent to $19.8 billion. The total 24-hour trading volume was observed to be $1.2 billion.
XRP 1-day price chart | Source: CoinMarketCap
Throughout the day, XRP underwent wild fluctuations. The lowest point that the token was traded at was $0.47. Post this slump, XRP showed much courage and returned to its game. Here, it took a flight and jumped back up to trade at $0.51 where its market cap was $20.2 billion. At present, the coin has maintained its momentum by setting a support line from $0.43 to $0.47.
XRP has also been in talks regarding being listed as a base pair on the leading cryptocurrency platform, Binance. Changpeng Zhao, the Founder and CEO of the platform recently tweeted the procedure for requesting the listing of a coin on Binance. Here, his tweet read:
“The xrp base shill is strong. Let’s get it out of your system, and put all your shills under this one tweet, and let’s see how much we get. “
C3|Nik, a blockchain follower and an XRP fan also wrote regarding the issue and said:
“.@cz_binance The 2nd biggest crypto asset by market cap is not offered as a base trading pair on @Binance
There is a good opportunity there to provide more value to your customers.”
Many also believe that Binance will be benefitted by adding XRP as a base pair because of Ripple’s cross-border payments product, xRapid that uses the cryptocurrency. Furthermore, this move by Binance is expected to add value to its customers and become an xRapid preferred platform.
The post XRP invictus amidst market crash; Binance CZ clears the air around base-pair buzz appeared first on AMBCrypto.
Source: AMB Crypto

Sorry Bitcoin, but Ripple’s XRP Сan Become Number 1 by Market Capitalization

CoinSpeaker

Sorry Bitcoin, but Ripple’s XRP Сan Become Number 1 by Market Capitalization

After last week’s sell-off the bitcoin price found support at around $5,500 but that has now eroded, with bitcoin falling some 3% over the last 24 hours to under $5,340—its lowest price since October last year. Is it a turn for XRP to become the first now?

Sorry Bitcoin, but Ripple’s XRP Сan Become Number 1 by Market Capitalization

Continue reading at Coinspeaker
Source: CoinSpeaker

XRP Beats ETH by $2.5 Billion Market Cap, Here’s What’s Driving XRP

XRP took the 2nd position from Ethereum in the red market with their market cap difference extending to about $2.5 billion. A number of factors viz. support from exchanges, wallets, businesses, and banks among more are keeping the ball rolling for XRP.
XRP’s Reign on 2nd Position
Recently, XRP kicked ETH from the 2nd spot. Despite the market being red and both the cryptocurrencies falling, XRP replaced Ethereum on the second position as per market cap. However, the gap between both the cryptocurrencies is extending, reaching $2.5 billion.
At the time of writing, XRP has been trading at $0.4837 while in the red by 5.37 percent with a market cap of $19.4 billion while Ethereum is down by 7.76 percent at $168 with a market cap of $16.8 billion.

As the market cap gap keeps on expanding between the two cryptocurrencies and XRP having a momentum to its side, it is possible XRP will claim the 2nd position for longer.
Ethereum is not seeing much of movement both in terms of price and its usability as ICOs have lost appeal in the bear crypto market. Though, according to the IBM website, iExec which is working with IBM on extending the value of cloud through improved security “uses the Ethereum blockchain to create a market for decentralized cloud computing.”
What’s the Driving Force?
When it comes to XRP, for the starters, it has been seen gradually decoupling from Bitcoin as usually, altcoins move in tandem with Bitcoin as pointed out by Weiss Crypto Ratings as well,

#XRP is holding well above recent lows, but if we see it decouple from #BTC, this would be a major step forward in the evolution of the crypto markets. We’d love to see each crypto currency trade based on it’s own fundamentals, and not whatever BTC happens to do. #cryptocurrency
— Weiss Ratings (@WeissRatings) November 15, 2018

Recently, we reported the big boost XRP liquidity got with a string of support from exchanges, wallets, and businesses along with traction as a base currency.
XRParrot, a way to convert fiat into XRP has been released by an XRP enthusiast and developer Wietse Wind who has also created XRP Tip Bot that “enables users on Reddit, Twitter and Discord to send Ripple XRP to each other through reddit comments/tweets”is also coming with a new feature as shared in part by a Redditor,
“The page isn’t updated yet, but from what Wietse described, we can now tip anyone with a paper account (QR code).”
In another instance, Private Internet Access an organization that first supported XRP in 2013 as reported by the organization only to reportedly remove it last year. However, the organization has yet again extended the support to XRP as the website explicitly mentions that it accepts “Ripple” among other options.
Also, APPx group holdings has signed a non-binding letter of intent (LOI) with GateHub Ltd where one of its services GateHub Fifth works as a gateway for cryptocurrencies.
“The platform offers the leading consumer wallet system that allows users to interact with Ripple’s XRP Ledger with different asset types (BTC, XRP, EUR, USD, GOLD, ETH, ETC, DASH).”
Additionally, one of the Ripple’s product xCurrent has unveiled its 4.0 features shared by crypto enthusiast EDadoun on Twitter,

Not to forget Binance CEO, Changpeng Zhao’s Tweet that got the XRP community excited and moving,
 

The xrp base shill is strong. Let’s get it out of your system, and put all your shills under this one tweet, and let’s see how much we get. https://t.co/usiISCtuSj
— CZ Binance (@cz_binance) November 18, 2018

The post XRP Beats ETH by $2.5 Billion Market Cap, Here’s What’s Driving XRP appeared first on Coingape.
Source: CoinGape

Ripple Remains Strong Up 10% on The Month, Can it Decouple and Catch Bitcoin?

There have been few survivors from last week’s crypto rout which saw almost $30 billion wiped off the markets in a couple of days. Bitcoin for one has taken a beating this time and has settled at a new price range indicating that a recovery could be a long way off. XRP on the other hand has weathered the digital storm and emerged on top, well on top of Ethereum at least.
Solid Performance Over The Past Month
Ripple constantly claims that XRP has nothing to do with the company but the simple fact is that it does. What happens to Ripple will affect XRP, and with over half the supply locked away by the company, it is still holding all of the strings. Positive developments for both the firm and its token have made XRP one of the few cryptocurrencies to make a gain over the past month. It has made over 10% in the last thirty days while Bitcoin and Ethereum have nosedived 14 and 16 percent respectively.
These gains have pushed XRP above $20 billion market capitalization and into second place as Ethereum continues to slide. The crypto twitter-sphere is awash with talk of a ‘flippening’ today as the notion of XRP catching Bitcoin becomes more valid. It still has a long way to go however with a market cap gap of over $75 billion and many observers are commenting in jest.

The higher $XRP climbs the more I am certain it will flip $BTC in 2019.
Very obvious this will be our new crypto standard.
Hard to accept for many but so was bitcoin back in 2010
— 𝕭𝖎𝖙𝖑𝖔𝖗𝖉 55 (@Crypto_Bitlord) November 18, 2018

CNBC’s crypto-trader host Ran NeuNer highlighted that the recent hash wars between Bitcoin Cash clans has done nothing to bolster the crypto ecosystem or its communities;

These hash wars highlight why everyone should dump BTC and BCH and just put all their money into XRP!
— Ran NeuNer (@cryptomanran) November 17, 2018

Other memes have included pictures of the Grim Reaper coming for Bitcoin. Even Craig Wright of the ‘faketoshi’ tribe chimed in tweeting “For XRP not to be a security, it will need to be a real utility offer. IF something is exchanged with expectations of profit, it is not a utility token. XRP is a tradable good that is sold under the expectation of profit. That in itself makes it a security.” If the US SEC agrees with this, XRP hodlers could be dumped en masse.
Decoupling In Motion?
For XRP to truly be propelled though, it needs to be decoupled from Bitcoin which has driven the state of crypto markets since they began. The only way to do this would be for more exchanges to offer trading pairs in XRP in addition to BTC, ETH and stablecoins. Weiss Ratings tweeted that BTC should not dictate the outcome of every single project in the industry;

What's it gonna take for #XRP to decouple from #BTC? Simple: XRP-based trading pairs. The sooner we add more diversity to the crypto space, the safer we'll all be. #Bitcoin shouldn't dictate the outcome of every single project in this industry. #Binance, are you listening?
— Weiss Ratings (@WeissRatings) November 16, 2018

Binance boss, CZ, meanwhile has also responded, talking about the growing requests for XRP base pairs;

The xrp base shill is strong. Let's get it out of your system, and put all your shills under this one tweet, and let's see how much we get. https://t.co/usiISCtuSj
— CZ Binance (@cz_binance) November 18, 2018

At the time of writing during the Asian trading session XRP was trading at $0.50, down less than a percent on the day, but more significantly Bitcoin and Ethereum were dropping even further.
 
Image from Shutterstock
The post Ripple Remains Strong Up 10% on The Month, Can it Decouple and Catch Bitcoin? appeared first on NewsBTC.
Source: New feedNewsBTC.com

Ripple Price Analysis: XRP/USD Could Gain Momentum Above $0.50

Key Highlights

Ripple price is holding gains above the $0.4700 support level against the US dollar.
There is a key bullish trend line formed with support at $0.4800 on the hourly chart of the XRP/USD pair (data source from Kraken).
The pair is likely to accelerate gains once there is a break above the $0.5000 and $0.5180 levels.

Ripple price is trading in a bullish zone against the US Dollar and Bitcoin. XRP/USD remains well supported on the downside near the $0.4800 level.
Ripple Price Analysis
Recently, there was a decent support base formed near the $0.4500 level in ripple price against the US Dollar. The XRP/USD pair traded higher and broke the $0.4800 and $0.5000 resistance levels. There was even a close above the $0.4800 level and the 100 hourly simple moving average. Buyers pushed the price above the $0.5100 level, which is a positive sign. A high was formed at $0.5183 and later the price started a downside correction.
It declined below $0.5000 and the 23.6% Fib retracement level of the last wave from the $0.5480 low to $0.5183 high. However, there are many supports on the downside near the $0.4820 and $0.4800 levels. More importantly, there is a key bullish trend line formed with support at $0.4800 on the hourly chart of the XRP/USD pair. The trend line support is close to the 100 hourly SMA at $0.4760. Besides, the 61.8% Fib retracement level of the last wave from the $0.5480 low to $0.5183 high is near $0.4810. Therefore, as long as the price is above the $0.4800 support and the 100 hourly SMA, there could be more gains in the near term.

Looking at the chart, ripple price must break the $0.5000 and $0.5120 level to start a fresh bullish wave. The next major resistance is at $0.5250 and $0.5275.
Looking at the technical indicators:
Hourly MACD – The MACD for XRP/USD is slightly in the bearish zone.
Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is just below the 50 level.
Major Support Level – $0.4800
Major Resistance Level – $0.5120
The post Ripple Price Analysis: XRP/USD Could Gain Momentum Above $0.50 appeared first on NewsBTC.
Source: New feedNewsBTC.com

Ripple Price Analysis: Ripple Surges by Over 7% Today As Crypto Markets Attempt Recovery

Key Highlights:

Ripple sees 7% increase as the rest of the market struggles.
The cryptocurrency is now in 2nd market position, $2 billion ahead of Ethereum.
Support moving forward; $0.4975, $0.4755, $0.4702, $0.4535, $0.44, $0.4221, $0.4091, $0.4034, $0.3825.
Resistance moving forward; $0.5198, $0.5356, $0.5584, $0.5933, $0.6057, $0.62478, $0.6378, $0.6523.

As the rest of the cryptocurrency market struggles to make a recovery, Ripple is leading the pack with a +7.79% increase in price over the past 24 hours of trading. Ripple is presently now trading back above $0.50 at the $0.52 handle, at the time of writing, after seeing a +2.75% price spike over the past 7 trading days.
Ripple is now ranked in 2nd position in total market cap rankings, taking over Ethereum once again. Ripple has continued to grow ahead of Ethereum by a total of $2 billion as it currently holds a total market cap value of $20.79 billion.
XRP has seen a 90 day period where price action has risen by an impressive 61% as the 63-month-old coin now trades at a price that is 85% lower than the all-time high price.
Let us continue to analyze XRP/USD from the medium term and highlight any potential support and resistance zones moving forward.
Ripple Price Analysis [XRP]
XRP/USD – MEDIUM TERM – DAILY CHART
https://www.tradingview.com/x/hBuQypwg/
Chart Source by TradingView
Analyzing price action from the medium term we can see that Ripple had seen a small price surge starting from a low of $0.3780 on the 12 of October 2018 and extending to a high of $0.5698 on the 6th of November 2018. This was a price increase totalling 50%.
We can see that on November 14th, the day that Bitcoin plummeted below $6000 in an overall market wipeout, Ripple had dropped to support provided by the downside 1.272 Fibonacci Extension level (drawn in red) priced at $0.4091 before rebounding. The market managed to rebound and find support at the .5 Fibonacci REtracement level (drawn in blue) priced at $0.4755.
The market has since surged and is now trading at resistance provided by the short-term 1.272 Fibonacci Extension level (drawn in purple) priced at $0.5198. Moving forward, if the buyers can push price action above this resistance level and continue higher they will meet resistance at the 1.414 and 1.618 Fibonacci Extension levels (drawn in purple) priced at $0.5356 and $0.5584, respectively.
If the bullish momentum can persist further higher then we can find more resistance above to be located at the medium termed 1.272 and 1.414 Fibonacci Extension levels (drawn in orange) priced at $0.6057 and $0.6248.
On the other hand, in our bearish scenario, if the sellers regroup and push price action lower we can expect immediate support beneath to be located at the .382 and .5 Fibonacci Retracement levels (drawn in blue) priced at $0.4975 and $0.4755, respectively.
If the sellers continue to drive price action below $0.47 then further support beneath can then be located at the .786 and .886 Fibonacci Retracement levels (drawn in blue) priced at $0.4221 and $0.4032, respectively.
The RSI has recently risen back above the 50 handles to indicate that the bulls are back in control of the momentum within the market. If the RSI continue to rise we can expect price action to continue further higher.
The post Ripple Price Analysis: Ripple Surges by Over 7% Today As Crypto Markets Attempt Recovery appeared first on Coingape.
Source: CoinGape

Cryptocurrency Price Analysis for the week November 12 to November 18

Key Highlights:

Bitcoin Cash Fork Chaos that brought the markets down,
XRP is now ahead of Ethereum at second place by market cap,
Opposite view from the regulators as IMF says Govts Should Set Up Own Cryptocurrencies while the European Commercial Bank calls Cryptos an Evil Swamp,
Finally, a Crypto Exchange-Traded Product will go live on Swiss Stock Exchange Next Week,
OKCoin Launches In Latin America

Among major news this week, Bitcoin Cash, the project that forked away from the Bitcoin blockchain in August 2017, “hard forked” (split) into two different coins: “Bitcoin Cash ABC” (BCH ABC) and “Bitcoin Cash SV” (BCH SV). In the aftermath of the fork, the Bitcoin Cash ABC chain has more accumulated proof of work, and its native currency, BCH ABC, was trading higher on (futures) exchanges. Most Bitcoin Cash ABC proponents, therefore, felt victorious — though many Bitcoin Cash SV proponents have not yet conceded defeat. Although, just before the fork, the cryptos finally broke their stability, only to plunge down 10%. Nearly all major currencies took the beating but did see some mild recovery post the fork.
This BCH fork led downpour in the crypto market and subdued prices over past few months, resulted in Ethereum losing its second spot to XRP. Ethereum’s value plummeted 38.6 percent in the past three months, dropping its market cap to $18.1 billion. XRP’s value rose 61.1 percent in that same period, pushing its market cap to $20.5 billion.
Among regulators, IMF head Christine Lagarde said, Governments should consider offering their own cryptocurrencies to prevent the systems becoming havens for fraudsters and money launderers. According to The Guardian report, Lagarde said that central banks had to work quickly to establish digital cash for burgeoning networks of private financial transactions or risk their mushrooming into trading networks that were inherently unstable.
While IMF had a positive view, European Central Bank (ECB) executive board member Benoit Coeure has stated that cryptocurrencies like Bitcoin are the evil spawn of the 2008 financial crisis, reported Bloomberg. He further added that was an extremely clever idea, but not very clever idea is a good idea. Speaking at the Bank for International Settlements in Basel, Coeure seconded the Bank for International Settlements (BIS) chief Agustin Carstens’ idea that Bitcoin is a “combination of a bubble, a Ponzi scheme, and an environmental disaster” and said, “Few remember that Satoshi embedded the genesis block with a Times headline from January 2009 about U.K. banks’ bailout. In more ways than one, Bitcoin is the evil spawn of the financial crisis.”
Finally, An exchange-traded product tracking an index of five leading cryptocurrencies reportedly will start trading on Switzerland’s Six stock exchange next week. The product will be available to both retail and institutional investors. The Financial Times reported on Friday that Switzerland’s Six exchange has given a green light to a cryptocurrency exchange-traded product (ETP). The news outlet elaborated:”The Amun Crypto ETP, which will start trading next week on the Six exchange in Zurich, has been designed to track an index based on the movements of five leading cryptocurrencies”
Among international expansions, US-based OKCoin recently announced the launch of its licensed exchange platform in Latin America by offering fiat-to-crypto trading between the Argentine peso and several major cryptocurrencies. The exchange offers cryptocurrencies including Bitcoin, Bitcoin Cash, Ethereum, Ethereum Classic, Litecoin, Ripple, Cardano, Stellar, Zcash and 0x. The exchange plans to open an office in Buenos Aires and build up a team to support its business throughout Latin America.
Chart Source: coin360.io
Bitcoin (BTC):
Bitcoin finally broke its stability as the pre BCH fork meltdown took the coin down by 10% breaking the USD 600 support. The prices hit the high point of USD 6,434.21 and the lowest point of USD 5,358.38 during the week. The exchanges that were more active, in volumes, with BTC across various pairs this week were, BitMex (15.24%), CoinBene (3.85%) and Binance (2.48)
Among prominent voices, prominent crypto analyst Tom Lee, who once targeted Bitcoin to reach $25000 by end 2018 is lowering his prediction to $15000
Ethereum (ETH)
Ether prices took a beating and lost its long-standing second place to XRP. Ethereum on the top, this week was at USD 212.62 and were at lows of USD 170.19 breaching the USD 200 mark by distance. The markets that were more active, in volumes, with ETH across various pairs this week were OEX (4.90%), BitForex (3.83%) and LBank (3.80%)
Among news surrounding Ethereum, Mike McDonald, creator of MKR Tools, revealed that 1,000,000 ETH – roughly 1% of the total supply of Ether – are locked in a MakerDAO’s smart contract.
Ripple (XRP)
XRP moves to second place as Ethereum takes a beating. On the top, this week the prices of XRP were at USD 0.525536 and towards the bottom, it quoted USD 0.430398. The exchanges that were more active, in volumes, with XRP across various pairs this week were Bitbank (14.20%), Binance (8.08%) and UpBit (5.72)
For XRP this week, Binance CEO, CZ, Hints at how XRP can become a base currency on the platform
The Other Movers and Shakers
The Other coins that made to the top and bottom this week according to Coin Market Cap (accessed on November 18 at 1:30 pm IST) were
Movers
– Nasdacoin – Showing a rise of 222.89%
– On.Live – Showing a rise of 71.43 %
– Fox Trading – Showing a rise of 68.88%
Shakers
– Olive – Showing a drop of 84.64%
– Provoco Token – Showing a drop of 70.71%
– InvestFeed – Showing a drop of 59.04%
What do you think would be the sentiment of the crypto markets next week? Do let us know your views on the same.
The post Cryptocurrency Price Analysis for the week November 12 to November 18 appeared first on Coingape.
Source: CoinGape

Coinbase Finally Takes RippleLabs’ Coin on Their Custodian Services

CoinSpeaker

Coinbase Finally Takes RippleLabs’ Coin on Their Custodian Services

Coinbase Custody, the safekeeping arm of the crypto-finance giant, decided to add support for Ripple (XRP) on its institutional-aimed custodian service.

Coinbase Finally Takes RippleLabs’ Coin on Their Custodian Services

Continue reading at Coinspeaker
Source: CoinSpeaker

Cryptocurrency Market Update: Swiss Crypto ETP Approval Elevates XRP, Stellar Tops EOS

FOMO Moments
Markets recovering a little on Sunday; XRP moving up, Stellar and Monero not far behind.
A Sunday bounce has pulled cryptocurrency markets back from the abyss … for now. Following one of the largest falls this year during the week markets are recovering a little today as total capitalization creeps back up over $185 billion.
Bitcoin has made it back to $5,600 with a small gain of 1.3% on the day. Since its 2018 low of $5,350 on Thursday Bitcoin has regained 4.7%, however, since the same time last week it has dumped 12.5%. Ethereum has not been able to recover much at all and has only made it back to $176 with 1.4% added at the time of writing.

XRP is the big mover in the top ten today, accelerating away from Ethereum in third spot. XRP has risen 10% on the day taking it to $0.516 at the time of writing. It is now over $2.5 billion clear of ETH in terms of market cap.  Momentum has come from Switzerland which has given the green light to the first cryptocurrency ETP (exchange traded product) with over 25% invested in XRP. Japanese traders have been buying up the token on Bitbank this morning as trade volume climbs 36% on the day to $730 million.
Stellar is also recovering well today with a 5.5% gain, pushing it up to fifth spot above EOS. Monero is not far behind adding around 4.5%. The rest are up around 2-3 percent on the day. In the top twenty Zcash has clawed back 4% but the rest are only gaining one or two. Nem and Tezos were still marginally in the red at the time of writing.
Today’s obscure fomo pump is BOScoin, entering the top one hundred with a 16% surge on the day. Stratis is also doing well adding 10% and CyberMiles is climbing over 7%. Still dropping like a stone is Nasdacoin with a further fall of 14%.
Total crypto market capitalization has gained a little on yesterday’s low levels. $5 billion has been added over the past day to lift markets 2.8% to $186 billion. Things are still grim on the weekly and monthly views with a 12.5% dump for crypto markets for these periods.
FOMO Moments is a section that takes a daily look at the top 20 altcoins during the current trading session and analyses the best performing ones, looking for trends and possible fundamentals.
The post Cryptocurrency Market Update: Swiss Crypto ETP Approval Elevates XRP, Stellar Tops EOS appeared first on NewsBTC.
Source: New feedNewsBTC.com

Dominance of XRP over Ethereum [ETH] isn’t new; gap in market caps broadens

In the month of October, a report published by Bloomberg Galaxy Crypto stated that XRP is weighed more than Ethereum by 1.08%. This was shown by the Index Constituent Weights included in the report. Furthermore, XRP was also noticed to weigh only 6% less than Bitcoin [BTC].
Index Constituent Weights | Source: Bloomberg Galaxy Crypto
Earlier this week, CoinMarketCap, the online portal that aggregates cryptocurrency-related data finally showed XRP overtake Ethereum [ETH] when the coin moved up by a spot to push down Ether. At first, the market caps of both the coins were at par, vying for the second spot. However, this time, XRP sustained its position and left its competition behind.
At the time of writing, Ethereum is trading at $174 with a market cap of only $17.9 billion, after hitting below $200 a few days ago. The coin lost its glory when the market cap started to diminish from $22 billion [approx.]. Ether is currently down by over 2% amidst the bearish crypto-market.
ETH 7-day price and market cap | Source: CoinMarketCap
Simultaneously, the market cap of XRP continued to appreciate, widening the gap between the two coins and making it difficult for Ethereum to reclaim its lost glory.

At press time, XRP is the only token riding the bull. The token is up by 1.6%, trading at $0.47 with a market cap of $19.3 billion. The total 24-hour trading volume is recorded at $535.2 million.
In a Twitter post released regarding the cryptocurrency report by xrp_news, a fan channel for the XRP community, RevoluXn, a crypto-follower wrote:
“And this was back in October! Imagine what it will be next month.”
Axe Slinger, another Twitter user and a blockchain space follower also commented:
“Interesting that it’s only 6% below BTC when XRP marketcap isn’t nowhere near 6% less than that of BTC. Meaning they aren’t simply looking at marketcap or consider marketcap irrelevant. Great find!”
The post Dominance of XRP over Ethereum [ETH] isn’t new; gap in market caps broadens appeared first on AMBCrypto.
Source: AMB Crypto

XRP rockets by 10%; Ethereum [ETH] left behind as the gap between coins broaden

As the cryptocurrency market takes off from the bear market, XRP appears to be way ahead of the curve. Earlier this week, XRP overtook Ethereum [ETH] when it surpassed the latter’s market capitalization.
In the course of two weeks, XRP has slashed ETH twice to claim the second spot. Only this time, the damage for Ethereum seems permanent as the market caps between the two broadens every day.
At the time of writing, XRP has taken a steep upturn of 10%, trading at an appreciated price of $0.51 with a market cap of $20.6 billion. The total trading volume of the token in the past 24 hours is recorded at $729.4 million.

In the 1-hour candlesticks, XRP also broke the earlier resistance by a small figure. In the last 1-hour candle, the previous resistance set at $0.51 will also be broken if the candle closes above $0.52.
For this XRP rally, the maximum trading volume is hailing from Binance, the leading cryptocurrency exchange in the world. The trading volume is contributed by two pairs on Binance, XRP/BTC and XRP/USDT, which together add up to $119.4 million.
The Japan-based exchange, Bitbank is also catching up in contributing to the trading volume of XRP, wherein the pair XRP/JPY is alone being traded heavily on the exchange. The trading volume of this pair is recorded at $103.1 million.
This price hike could be associated with the success of Ripple, XRP’s parent company, in the FinTech industry. As the leaders of Ripple travel around the globe and hold talks with the institutions that matter, it is reflecting on the XRP ecosystem in the most profitable ways.
Recently, Brad Garlinghouse, the CEO of Ripple conducted a both-ways interview session with Ross Leckow, Deputy General Counsel, International Monetary Fund. At the Singapore FinTech Fest 2018, the two discussed the remittance space and its advancement through blockchain in detail and the regulatory framework required to facilitate the change.
The post XRP rockets by 10%; Ethereum [ETH] left behind as the gap between coins broaden appeared first on AMBCrypto.
Source: AMB Crypto

XRP/USD Technical Analysis: Could bears cause blood-spill over the green grass?

Across the cryptocurrency board, XRP is the only coin to be witnessing green figures post the market crash. Furthermore, the coin has managed to sustain the second spot after racing Ethereum [ETH].
At the time of writing, the token was up by 0.15%, trading at $0.47 with a market cap of $19 billion. The total 24-hour trading volume was recorded at
1-hour:
XRPUSD 1-hour candlesticks | Source: tradingview
The 1-hour analysis of the XRP candlesticks depicts two trend lines wherein the downtrend extends from $0.51 to $0.48 and the uptrend stretches from $0.43 to $0.47. There is a clear indication of a trend breakout as the trendlines are about to collide into each other.
The Parabolic SAR is presently negative on the coin’s fate. The dots are aligned above the candlesticks, pushing the price downwards.
The Awesome Oscillator is bullish on XRP as the bars are glowing green as of now.
The Chaikin Money Flow is seen taking a downward approach to predict a bearish market for the token.
1-day:
XRPUSD 1-day candlesticks | Source: tradingview
In the 1-day scenario, the XRP price trend is witnessing an uptrend from $0.27 to $0.47 and a resistance level set at  $0.58. The support line is forming an ascending triangle with the resistance level, suggesting a progress in the XRP market.
The Bollinger Bands are not predicting an increased volatility in the price trend. However, the bands have left space for the prices to fluctuate, forming a wide tunnel-pattern.
The MACD has just made a bearish crossover by the signal. The reading line is approaching further down to side with the bear.
The RSI has taken a neutral stance on the subject. The indicator was moving downwards but begun traveling horizontally, denying to confirm the coin’s fate.
Conclusion:
In this technical analysis, the majority of the indicators are projecting a negative price trend for XRP. A trend break out is predicted as well, but the Bollinger Bands are have suggested low volatility in the market.
The post XRP/USD Technical Analysis: Could bears cause blood-spill over the green grass? appeared first on AMBCrypto.
Source: AMB Crypto