Ripple (XRP) Bulls Firm despite Coin Metric Report

Ripple (XRP) up 25.6 percent
Ripple Labs exposed by Coin Metrics as David Schwartz says it is a “timeline issue.”

Coin Metrics now reports that Ripple Labs did under-reported the number of XRP released from escrow by a total of 200 million XRP while implementing the “escrow queue” differently than announced. The reaction could be heaping pressure on XRP which is fast dropping, clawing back this week’s gains.
Ripple Price Analysis
Fundamentals
According to a Coin Metrics report, Ripple Labs is allegedly misrepresenting the actual amount of XRP in their escrow accounts.
In two different occasions, the blockchain analytics firm said the XRP issuer “under-reported the number of XRP released from escrow by a total of 200 million XRP ($84 million at current prices)” further adding “other party/parties, potentially associated with Ripple, have released 55 million XRP from an unknown escrow address not connected to the main Ripple escrow account.”
However, it was the revelation that “the “escrow queue” is implemented differently than announced, leading to a faster future release of escrowed funds compared to the announced schedule,” that is drawing criticism to Ripple Labs and Ripple Inc, the majority holders of XRP.
“A scam is a scam. Tokens made out of thin air are not true crypto in any shape or form. Just a nice way to print free money got to give it to ripple though. They have created a new central bank by selling their shitcoins to fools who keep buying it up thinking they gonna rich.”
In an attempt to pour cold water on the finding, David Schwartz, the CTO of Ripple Inc, took to Twitter saying “regarding the chatter about reporting methodology around XRP escrow in Ripple’s quarterly XRP Markets Reports: this is simply a timeline issue.”
Candlestick Arrangement

Like other crypto assets, Ripple (XRP) is under pressure. Even so, thanks to sharp upswings mid this week, the asset is up 25.6 percent in the last week. All the same, candlestick arrangement point to bulls but bears are temporarily in charge.
Note that although sellers are pressing lower, they are yet to reverse gains of May 14th, the breakout bar and the trigger of the first wave of higher highs targeting Q1 2019 highs. Therefore, it is imperative that buyers build enough momentum to drive prices above May 15th highs since bulls are in control from an effort versus result point of view—prices are oscillating within May 14th high low.
Once that prints out, then we shall trade in line with our previous XRP/USD trade plan with targets at 60 cents.
Technical Indicators
As aforementioned, May 14th bar is our anchor bar. Holding price action of the last two days, buyers are therefore in charge. However, it is after prices close above 40 cents complete with high transaction volumes, preferably above 108 million that risk-averse traders can buy on dips with targets at 60 cents.
Chart courtesy of Trading View. Image Courtesy of Shutterstock
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Ripple CTO dismisses Coin Metrics report saying it was a ‘timeline issue’, Tron [TRX] futures to soon start trading on OKEx platform and more

Crypto News – 18 May – Ripple CTO dismisses Coin Metrics report saying it was a ‘timeline issue’, Tron [TRX] futures to soon start trading on OKEx platform and more
Don’t forget to follow us for our daily videos#ripple #tron #OKEx #TRON #RIPPLEARMY pic.twitter.com/qmWcp9X2nG
— AMBCrypto (@CryptoAmb) 18 May 2019

Daily Crypto News – May 18
1) XRP-backed stablecoin: Kava Labs is developing a stablecoin, USDX, backed by XRP on a Cosmos Zone, which dynamically maintains stability to USD with decentralized mechanisms.
Read more at https://bit.ly/2HE7xAv
2) BitMEX insurance funds: While some panicked when Bitcoin crashed suddenly, others remained calm and assessed the situation. It was noticed that there was a huge sell order on Bitstamp, which pushed the price of Bitcoin by ~20% in a few minutes.
Read more at https://bit.ly/2VNgUaK
3) USDC do not exceed balance of US dollars: News revolving around the USD Coin [USDC] had taken a negative connotation when Coinbase CEO Brian Armstrong was called out for shilling the cryptocurrency. As a way to put any fears or speculations to bed, Grant Thornton LLP, an independent accounting firm released the latest attestation report on US dollar reserves backing USDC.
Read more at https://bit.ly/2Ej5dxM
4) SatoshiPay launches Solar Wallet: SatoshiPay has been working closely and designing micro-payment apps for the Stellar Network. Earlier this year, the micro-payment solution company launched ‘Solar wallet’, a stellar network-based and user-friendly desktop wallet. The Solar Wallet has proved to be user-friendly and easy-to-use and can securely manage funds.
Read more at https://bit.ly/2HrJ6HH
5) Blockstream CSO on Bitcoin: Samson Mow, Blockstream’s Chief Strategy Officer appeared in the latest Keiser Report discussion featuring Max Keiser. Talking about the satellite, Mow said that the purpose of Blockstream satellite was to provide redundancy for the Bitcoin [BTC] network.
Read more at https://bit.ly/2VvuQkY
6) HitBTC is insolvent, claim customers: According to a series of tweets by CryptoMedication, from Zerononcense, cryptocurrency analytics and research firm, the exchange is “insolvent”. The Twitter handler exclaimed his surprise that the exchange was “still in operation” as they had only 350,000 BTCs after their liquidation.
Read more at https://bit.ly/2JtlOTK
7) Weiss Ratings on Bitcoin’s price movement: Weiss Ratings, the crypto-specific rankings company, which, at times has rubbed the cryptocurrency industry the wrong way on predictions, suggested an absence of “manipulation” and termed the fiasco as a “normal market correction”.
Read more at https://bit.ly/2JrYtlE
The post Ripple CTO dismisses Coin Metrics report saying it was a ‘timeline issue’, Tron [TRX] futures to soon start trading on OKEx platform and more appeared first on AMBCrypto.
Source: AMB Crypto

World’s Largest Banks Investing $50M in Digital Cash Settlement System

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World’s Largest Banks Investing $50M in Digital Cash Settlement System
Several major banks, including UBS, Banco Santander, HSBC Holdings and Deutsche Bank, are planning to build a blockchain-based settlement system by investing $50M into a joint entity called Fnality.
World’s Largest Banks Investing $50M in Digital Cash Settlement System

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Source: CoinSpeaker

Ripple (XRP) Soar, Up 44.2 Percent and $7 Billion Away from Flipping ETH

Ripple (XRP) rally, add 44.2 percent
An Ethereum (ETH)—Ripple (XRP) flip could happen in days

After a six-month consolidation, the stage is ready for Ripple (XRP). Up 44.2 percent at the time of press, XRP is closing in on Ethereum (ETH) and could flip the asset if there is a ballpark 25 percent price increment. At this pace, bulls should set their targets at 80 cents and even $1.40.
Ripple Price Analysis
Fundamentals
Before May-14, Ripple (XRP) performance had been lackluster. Underperforming Bitcoin (BTC) and other top-10 liquid assets, observers said the XRP was decoupling to the delight of Brad Garlinghouse, the CEO of Ripple Inc. In his view, the final decoupling from Bitcoin would be mainly because of the “investor rationale.” That will be when investors would appreciate what each project brings to the table. While talking to CNBC, the crypto leader said:
“There’s a very high correlation between the price of XRP and the price of Bitcoin, but ultimately these are independent open-sourced technologies. It’s early, over time you’ll see a more rational market and behaviors that reflect that.”
He further adds that most crypto assets will “disappear” in a decade because the sphere “is still a nascent industry, the speculation in the market dominates the trading activity. I think it’s a matter of time until people better understand the different use cases.”
However, with CoinBase Pro decision to support XRP trading in the stringent, compliance demanding state of New York is a big boost for the asset. To some extent, it does clear XRP of the “security” tag, allowing for unbridled investment in the world’s third most liquid asset.
Candlestick Arrangement

 
At spot rates, XRP is trading above 40 cents with a market cap of $18,076million,up 44.2 percent in the last week and closing on the ETH gap. Besides the injection of buy pressure, what’s worth noting is that prices are now trading above two critical resistance levels at the back of high participation levels.
Because of this sharp spike, all our XRP/USD trade conditions are right. As a result, the best course of action is to fine-tune entries in smaller time frames with the first modest target at 60 cents and later 80 cents.
On the flip side, in case there is a correction, ideal buy zones will be anywhere between 35 cents and 40 cents in a retest trade.
Technical Indicators
Since Sep 2018 bulls are back—analysis from an effort versus result point of view, supportive of buyers as prices are still consolidating inside Sep 2018 high low. Anchoring our trade is May-14 wide-ranging, bull bar with 187 million against 35 million. In a trend continuation, we expect XRP to close higher with equally high volumes ideally above 100 million.
Chart courtesy of Trading View
The post Ripple (XRP) Soar, Up 44.2 Percent and $7 Billion Away from Flipping ETH appeared first on NewsBTC.
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Ripple’s XRP and Ethereum Fight for 2nd Place Behind Bitcoin In The Wake of a Bull Run

XRP is one of the most popular cryptocurrency with a low price and seemingly high adoption with banks getting involved with it. It was the best performing altcoin in the bull run of 2017 with more than 15000% returns. Nevertheless, Ethereum has also been one of the favorite altcoin investments since its inception in 2014.
XRP Initiates Altcoin Run with Gains Over Bitcoin [BTC]
XRP added about $5 billion in the past two days as it gave Ethereum the run for the second position according to total market capitalization. The news of XRP based Exchange Traded Notes and ETPs not only promotes the trading of XRP but also clears a significantly big question on its classification as security of Ripple.
Also Read: XRP Price Surges Over 30% On All-Around Positive News, Stellar [XLM] Gains With It
Ripple Inc. is a US-based company that claims to be working on the XRP ledger to build a global network of payment and settlements. According to its CTO, David Schwartz, the current system executes payments in two steps: payment execution and then settlement with the banks, which is outdated and needs improvement. Moreover, on Ripple’s utility, he added,
Ripple is building the foundation of a “payment system” which connects the banks together. While xRapid with XRP will be used as a settlement layer on top of the system.
Ethereum 2.0 and DeFi Projects A Brighter Future for ETH
Moreover, Ethereum is one of the most popular names in cryptocurrencies as well. Due to its GPU mining history and early launch, it has become a household name in the crypto-sphere. A Twitter user, alias BTC_Macro reiterated this sentiment in a tweet,
“$ETH is like an index fund of altcoins.”
Currently, Ethereum is under development to release its new blockchain, Ethereum 2.0, which will incorporate all the existing functionalities of the blockchain on a more advanced and scalable chain. The update was recognized as a necessity, as during the bull run of 2017 serious questions rose on its capacity of executing smart contracts and transactions on a global scale.
The most important features to be implemented in the update are Proof of Stake (PoS) and sharding. Recently, Ethereum released the public test version of this chain which included staking. This is a huge shift from the inefficient Proof of Work (PoW) protocol. Nevertheless, the PoW has been responsible for the globalization and decentralization of the cryptocurrency.
Also Read: Crypto-Market Update: MCap Nears $250 Billion; Alts XRP, ETH, BNB, XTZ Join Bitcoin’s [BTC] Bull Run
Furthermore, the final phase of Ethereum 2.0 is expected to be released in 2021. However, Ethereum is also making progress in its utility and adaptability with DApps and DeFi. Decentralized Finance is a new financial system that aims to provide a plethora of financial products on an interoperable platform. According to reports, over 2 million Ether [ETH] have already been staked to build the DeFi system.
Last but not least, a rise of about 0.1 dollars on XRP corresponds to an increase of about $5 billion, while a rise of $10 on  Ethereum corresponds to a rise of approximately $1.5 billion in its market capitalization. The market capitalization of Ripple and Ethereum is around $18 billion and $23 billion respectively on 15th May 2019.
Which cryptocurrency will lead the altcoin markets, XRP, Ethereum or some other cryptocurrency? Please share your views with us. 
The post Ripple’s XRP and Ethereum Fight for 2nd Place Behind Bitcoin In The Wake of a Bull Run appeared first on Coingape.
Source: CoinGape

Ripple (XRP) Unshackled, At This Rate, 80 Cents Is Inevitable

Ripple (XRP) surge, up 36.1 percent
Börse Stuttgart lists Ripple and Litecoin ETNs

Volatility is back, and Ripple (XRP) bulls are in the driving seat. It may be because of Börse Stuttgart listing Ripple (XRP) and Litecoin (LTC) ETNs. However, what is evident is that behind today’s rally is interest thanks to a spike in participation levels. At this rate, it is likely that Ripple (XRP) will close above 40 cents as bulls aim at 80 cents.
Ripple Price Analysis
Fundamentals
After five months of consolidation, Ripple (XRP) bulls are back—and with force. Trailing Bitcoin (BTC), XRP is the second top performing asset in the top-10, adding a massive 36.1 percent in the last week. However, the increasing volatility is timely for traders because it appears that Bitcoin—and most assets, are slowing down after six weeks of enormous gains. Behind today’s price spike is first, XRP changing hands cheaply. While Bitcoin and ETH are up upwards of 70 percent, XRP has been stable, tepid and ranging within 4 cents.
Additionally, the listing of Ripple (XRP) ETNs at Börse Stuttgart, the second largest regulated exchange in Germany and the ninth largest in Europe is noteworthy. Here’s what Jürgen Dietrich, Head of Trading at the exchange said:
“Interest in cryptocurrencies is still high. With the ETNs, investors in Germany can now for the first time through exchange-traded securities share in the performance of the major cryptocurrencies Litecoin and Ripple (XRP).”
However, there is more. There is a likelihood that the increasing tension between the US and China could see Wall Street sink channel funds to Ripple (XRP). The IMF has lauded the platform. Besides, Ripple Inc says they have a direct connection with the Trump administration, and they keep striking deals with banks.
Candlestick Arrangements

Price wise, Ripple (XRP) is up 25.7 percent in 24 hours, and because of that, bulls are back.
Not only is there is wide-ranging bull bar confirming buyers of Apr-26, but prices are trading above 34 cents complete with above average volumes meaning our XRP/USD trade plans are valid.
In that case, every dip, or retest of 34 cents, is but another buying opportunity with ideal targets at 40 cents, 60 cents and 80 cents as per our iterations.
Technical Indicators
From the chart, all our trade conditions are now correct. With today’s bar driving prices above 34 cents, triggering the first lot of XRP bulls complete with high volumes exceeding averages, bulls are in control and should load up on dips with targets as above.
Chart courtesy of Trading View
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XRP Price Surges Over 30% On All-Around Positive News, Stellar [XLM] Gains With It

XRP is making a move again, thrice during the same day, as it broke above $0.42 after 4 months. XRP gained more than 30% in a day. Bitcoin’s bull market has had a positive effect on all cryptocurrencies, however, the volatility of Ripple was limited until today.
The price of XRP at 15: 45 Hours UTC on 14th May 2019 is $0.4118 or 0.000051 BTC. It is trading 26.2% on a daily scale in USD.
XRP/USD 4-Hour Chart on Bitstamp (TradingView)
The positive price movement on Ripple can be attributed to the all-around good news for Ripple. Germany’s second largest Exchange released XRP-based ETNs on Monday 13th May.
Furthermore, Coinbase also made a major announcement. XRP trading was prohibited in the state of New York until now. However, Coinbase announced that it has been made available for New York residents on Coinbase.com. We can also expect Coinbase Custody to allow the same as well.
Coinbase XRP Announcement (Tweet)
Ripple’s efforts and the favorability of XRP with banks and other financial institutions, make XRP one of the most popular cryptocurrency. Moreover, XRP had been testing support levels near $0.3-0.31 for more than 3 months and the hodler’s were expecting a ‘trend reversal.’
The CEO of Binance also bantered with the Crypto-community on XRP, sharing a popular jinx that through a tweet about the on-going maintenance at Binance.
“think positively, whenever we do maintenance, #XRP pumps.”
Stellar [XLM] Gains 13.52%; Is it taking Cue from XRP?
In an abundance of cryptocurrency, one which shares history and utility with XRP is stellar. The duo is the only two positive cryptocurrencies w.r.t. Bitcoin [BTC] in the current markets. The rise on XRP and Stellar w.r.t. BTC is about 20% and 7.8% respectively on a daily scale.
XLM/USD 4-Hour Chart on Coinbase (TradingView)
The price of XLM with respect to Bitcoin broke above 0.00001440 BTC after retracing from 0.00001240 BTC. The price of Stellar at 15: 45 Hours UTC on 14th May 2019 is $0.114. It is trading 12.32% higher on a daily scale.
Do you think that the trend would reverse in XRP as it did in Bitcoin? Please share your views with us.  
The post XRP Price Surges Over 30% On All-Around Positive News, Stellar [XLM] Gains With It appeared first on Coingape.
Source: CoinGape

Ripple’s XRP II in fresh controversy after NYDFS denies FOIL requesting affiliate sales, discount policies

Ripple has been consistently expanding its horizon in the cross-border remittance field. Its cryptocurrency, XRP, also registered an extended slump in a rather bullish market, over much of the past few months. XRP failed to post substantial gains until recently, even as Bitcoin breached multiple resistances. On May 14, following news related to Bitcoin’s surge over $8,000 and Coinbase enabling XRP trading for its New York users, the coin saw a double-digit resurgence.
Just when it seemed like XRP was finally on its way out of a bearish pullback, fresh trouble surfaced. In a Twitter thread, Ryan Selkis, Founder of Messari Crypto, stated that his FOIL request with the NYDFS regarding Ripple’s XRP II affiliate sales and discounts was denied, hinting at foul play on the part of Ripple and its subsidiary.
XRP II, LL is a subsidiary of parent company, Ripple, and is registered as a licensed money service business, mostly to institutional investors. In his FOIL request, a formal submission requesting information from New York state on the basis of New York’s Freedom of Information Law [FOIL], Selkis had requested for information on three aspects of XRP II.
The first question was regarding the “average sales price that XRP II has offered its enterprise customers from 2016 to 2019,” while the second and third questions were dealt with the implied discount to spot rate and the total XRP sold via XRP II, respectively. Though Selkis filed the FOIL request on January 29, 2019, it was only on May 13 that he received a reply, which is approximately three-and-a-half months after the filing date.

1/ In January, I filed a FOIL request with the NYDFS regarding Ripple’s XRP II affiliate’s sales and discount policies.
Remember, XRP II HAS A BITLICENSE.
Today, after 3.5 months, I received a response. They denied the request.
Thread: pic.twitter.com/INcLhgBTON
— Ryan Selkis (@twobitidiot) 13 May 2019

According to the reply he received, the reason stated for denial of the FOIL was that disclosure of such sensitive information would cause “substantial competitive injury to the subject enterprise.” Commenting on the reason given by the financial body for denying his request, Selkis stated in an apparent sarcastic tone that “disclosing the discounts Ripple and its affiliate were negotiating with its heavily marketed commercial partners was off-limits.”
He further accused NYDFS of deeming “public benefit” inconsequential and alleged that NYDFS did not believe that public XRP investors had the right to know the discounts to spot that its affiliates receive and the implied dilution rate.
Furthermore, he equated the denial of his FOIL request to “regulatory capture.” He said,
“If a regulated entity can get away with this sort of material obfuscation, imagine what the status quo is today in crypto.”
Though it is unlikely that this news would affect the larger public sentiment, many Twitter users encouraged Selkis to get to the bottom of this and expose any illegal doing. Twitter user, @TheGloballer, commented,
“I love the truth-seeking for shady crypto practices.  Keep up the pursuit. Especially XRP.”
The post Ripple’s XRP II in fresh controversy after NYDFS denies FOIL requesting affiliate sales, discount policies appeared first on AMBCrypto.
Source: AMB Crypto

Crypto Markets Surge $27 Billion In a Day To Nine Month High

Crypto markets surge to nine month high; Bitcoin, XRP, BCH, EOS and IOTA commanding things.
Market Wrap
The ice has melted. Crypto winter is now over as markets surge an epic 13 percent on the day to hit a new high not seen since September last year. Bitcoin has led the pack once again but some of the altcoins are getting double digit gains today. Total market capitalization has pumped close to $240 billion, doubling since mid-February.
Bitcoin breezed past $8,000 a few hours ago to record a high of $8,050, its highest price for almost nine months. The monumental daily pump is the second time in less than a week that BTC has surged by a thousand dollars. The big pullback that everybody has expected has not arrived yet and momentum is still extremely bullish for the king of crypto.
Ethereum has finally broke and remained over $200 as it too grabs the coat tails of Bitcoin and rises 10 percent. ETH was trading just below $210 at the time of writing and is likely to go higher according to the technicals.  ETH has not had a sustained run above $200 since early November and the FOMO is getting shared around today.
The top ten is on fire at the moment. XRP has shot off like a rocket with over 20 percent added in its largest single move since December last year. Currently trading at $0.387, XRP volume has pumped to over $3 billion. Bitcoin Cash is getting a double digit gain of 11 percent as it knocks on the door of $400 and EOS is over $6 again with 12 percent added on the day. Even the lack luster Stellar and Cardano are pumping ten percent today as the altcoins awaken.
The party has continued into the top twenty during Asian trading with IOTA getting the biggest gain of 13 percent to reach $0.353. Double digits are also cranking prices up for Monero, Dash, Ethereum Classic, NEO and Ontology.
FOMO: Ripple Army Marches
XRP its today’s top performing crypto asset. Forbes has run a piece on the expansion of the XRP ledger and the company has been relentless in securing new banking partners. Holo is the second best performing altcoin in the top one hundred at the moment as it surges over 15 percent. There are too many other altcoins in double digits to mention here at the moment.
Not all of them have been invited to the party though. Maximine Coin is dumping again with MXM at the bottom of the pile dropping 8 percent. KuCoin Shares is the other big loser today with a 6 percent slide.
Total market capitalization 24 hours. Coinmarketcap.com
Total crypto market capitalization has surged by a monumental $27 billion over the past 24 hours. At $238 billion things have not been this high since early September, nine months ago. Back then the trend was downwards, but over the past three months things this time have been on the up. Daily volume is approaching a record high of $95 billion as fomo grips crypto land once again.
Market Wrap is a section that takes a daily look at the top cryptocurrencies during the current trading session and analyses the best-performing ones, looking for trends and possible fundamentals.
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XRP surges by 5.7% in an hour after BTC pumps and Bakkt announces Bitcoin Futures launch date

The crypto-ecosystem regained its momentum following Bitcoin’s [BTC] stellar performance in bringing the market back form the dead. After weeks of sideways movement, XRP has finally come to the bull party, recording a growth of almost 6% over an hour.
XRP’s first gains in this cycle were registered on 10 May, when it traded at $0.29 after BTC breached the $7000 mark. BTC’s market confidence later helped the 3rd largest crypto to take its value up to $0.32, an increase of 10.34% in 3 days.
Coming as a surprise to XRP investors and the entire cryptoverse, the altcoin further recorded a surge of almost 6% within an hour, increasing the coin’s market cap from $13.6 billion to $16.1 billion, at press time.
While some industry experts believe XRP’s comeback to be an immediate effect of a BTC friendly market, others  speculate it to be an effect of Bakkt’s announcement to launch Bitcoin [BTC] futures.
Source: TradingView
Along with XRP, numerous other altcoins such as Ethereum [ETH] and Stellar Lumens [XLM], also rode the bullish wave as several coins maintained a steady trajectory towards value recovery. With BTC briefly breaching the $8000 mark, before falling again, crypto-enthusiasts are expecting many more price surges in the near future.
The post XRP surges by 5.7% in an hour after BTC pumps and Bakkt announces Bitcoin Futures launch date appeared first on AMBCrypto.
Source: AMB Crypto

XRP Price Up by 17%; German Exchange Releases Ripple [XRP] and Litecoin based ETNs

XRP gained 17% on a daily scale on 14th May 2019 as the price tested yearly highs above $0.3700 at $0.378.
Moreover, XRP was the only the altcoin currently trading in the green w.r.t. Bitcoin [BTC]. The price of XRP at 4: 20 Hours UTC on 14th May 2019 is 0.3702.
The majority of cryptocurrencies including Bitcoin [BTC] has gained more than 100% since the beginning of the year. However, XRP had been trading in the red since the beginning of the year. The price held the support and resistance level near $0.30-0.31 for quite some time before making a move upwards. The total market capitalization of XRP broke above $15 Billion as it continues to rank third in w.r.t. total MCap.
XRP/USD 1-Day Chart on Bitstamp (TradingView)
Borse Stuttguard Lists XRP and Litecoin ETN
Reportedly, Germany’s second largest exchange, Borse Stuttguard, listed two crypto-based ETNs or Exchange Traded Notes. The ETNs will enable the traders to bet on the price of LTC and XRP as the ETN is made available on the Exchange from 13th May. The Exchange can be made in Sweden Krona (SEK) and EUR.
Furthermore, Europe has been ahead of the rest of the world as earlier this year, SIX, the Swiss-based exchange also launched an XRP-based ETP.
The price of Litecoin [LTC] has been trading above 90$. However, it is on par with the rise on other altcoins at 6.02% on a daily scale.
The rise in the price of XRP can also be attributed to Bitcoin’s bull run and the lower trading price of XRP over the last couple of months. The trading in XRP had been in a small range of around $0.30 for quite some time.
Nevertheless, the price is now looking to gain positive momentum of Bitcoin. Moreover, the last alt-season was initiated by XRP. The room of growth in XRP in tremendous according to past highs.
You might also like: Ripple (XRP) Price Prediction: x3 ($1.0) by the end of 2019?
Do you think that XRP will continue the bullish momentum or the rise is momentary? Please share your views with us. 
The post XRP Price Up by 17%; German Exchange Releases Ripple [XRP] and Litecoin based ETNs appeared first on Coingape.
Source: CoinGape

Ripple (XRP) Price Rallies 15%: Bulls Now Aim $0.42 or Higher

Ripple price surged higher and broke the $0.3150 and $0.3300 resistance levels against the US dollar.
The price even broke the $0.3500 resistance and tested the $0.3750 resistance area.
There was a break above a major contracting triangle with resistance at $0.3240 on the hourly chart of the XRP/USD pair (data source from Kraken).
The pair traded as high as $0.3778 and it may continue to grind higher towards $0.4000 or $0.4200.

Ripple price rallied significantly above $0.3500 against the US Dollar, plus recovered versus bitcoin. XRP is now well above $0.3500 and it looks set for more gains above $0.4000.
Ripple Price Analysis
After a successful close above $0.3000 and $0.3100, ripple price gained bullish momentum against the US Dollar. The XRP/USD pair rallied significantly above the $0.3500 resistance and gained more than 15%. The bulls took control after there was a close above the $0.3200 level and the 100 hourly simple moving average. Recently, bitcoin price rallied above the $7,800 and $8,000 levels, which helped altcoins such as Ethereum and ripple in moving higher.
During the rise, there was a break above a major contracting triangle with resistance at $0.3240 on the hourly chart of the XRP/USD pair. The pair surged above the key $0.3550 and $0.3600 resistance levels. There was even a spike above the $0.3750 level and the price traded as high as $0.3778. It is currently correcting lower below $0.3700. An immediate support is $0.3640 and the 23.6% Fib retracement level of the recent wave from the $0.3212 swing low to $0.3778 high.
On the downside, there are many supports above the $0.3400 and $0.3450 levels. The 50% Fib retracement level of the recent wave from the $0.3212 swing low to $0.3778 high is also near the $0.3495 level. Therefore, if there is a downside correction, the price may find bids near the $0.3550, $0.3500 or $0.3495 levels. On the upside, the $0.3750 and $0.3800 levels are initial hurdles. A successful break above $0.3800 is likely to set the pace for more upsides above the $0.4000 level in the coming sessions.

Looking at the chart, ripple price clearly started a strong upward move above the $0.3300 and $0.3500 levels. The gates are now open for a push above the main $0.4000 resistance level. If there are further upsides, the price may even test the $0.4200 barrier.
Technical Indicators
Hourly MACD – The MACD for XRP/USD is gaining strong momentum in the bullish zone, with positive signs.
Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now well above the 75 level, with overbought conditions.
Major Support Levels – $0.3640, $0.3550 and $0.3495.
Major Resistance Levels – $0.3750, $0.3800 and $0.4000.
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XRP Surges as Stuttgart Börse Lists XRP and Litecoin Based ETNs

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XRP Surges as Stuttgart Börse Lists XRP and Litecoin Based ETNs
Börse Stuttgart (SWB), the second-largest stock exchange in Germany, has listed XRP and Litecoin-traded notes (ETNs). Issued through XBT Provider, the ETNs can now be traded against the Swedish krona (SEK) and euro (EUR).
XRP Surges as Stuttgart Börse Lists XRP and Litecoin Based ETNs

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Source: CoinSpeaker

Ripple (XRP) Price Primed For More Upsides: $0.3500 On The Cards

Ripple price started a fresh rise above the $0.3100 and $0.3200 resistance levels against the US dollar.
The price tested the $0.3400 area and recently corrected lower below $0.3300 and $0.3250.
There is a major bullish trend line forming with support near the $0.3100 level on the hourly chart of the XRP/USD pair (data source from Kraken).
The pair could soon break the $0.3220 resistance level and climb higher towards $0.3400 once again.

Ripple price started a strong rise above $0.3200 against the US Dollar, plus corrected higher versus bitcoin. XRP remains well bid above $0.3100 and it is likely to resume its upward move.
Ripple Price Analysis
This past week, there was a strong upward move in ripple price above the key $0.3100 resistance against the US Dollar. The XRP/USD pair followed bitcoin and surged above the $0.3200 and $0.3220 resistance levels. The price even broke the $0.3350 level and settled well above the 100 hourly simple moving average. The bulls pushed the price towards the $0.3400 level before it started a downside correction. There was a sharp decline below the $0.3300 and $0.3200 levels. The price revisited the previous breakout zone near $0.3040 and $0.3060.
A swing low was formed at $0.3050 recently and the price is currently moving higher. It already broke the 50% Fib retracement level of the last drop from the $0.3316 high to $0.3050 low. However, the $0.3200 and $0.3220 levels are currently acting as hurdles. The 61.8% Fib retracement level of the last drop from the $0.3316 high to $0.3050 low is also acting as a strong resistance for the bulls. A successful close above $0.3220 barrier is likely to start a fresh rise. The next resistance is near $0.3300, above which the price could surge towards the $0.3400 resistance area.
On the downside, there are many supports above the $0.3050 and $0.3080 levels. There is also a major bullish trend line forming with support near the $0.3100 level on the hourly chart of the XRP/USD pair. If there is a downside correction below $0.3150, the price could test the trend line support.

Looking at the chart, ripple price is clearly well supported above the $0.3050 level and the 100 hourly SMA. As long as the price is above $0.3050, it is likely to start a fresh rise above $0.3220 and $0.3300 in the coming sessions.
Technical Indicators
Hourly MACD – The MACD for XRP/USD is currently moving in the bullish zone, with positive signs.
Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is currently just above the 50 level, with a positive bias.
Major Support Levels – $0.3150, $0.3100 and $0.3050.
Major Resistance Levels – $0.3220, $0.3300 and $0.3400.
The post Ripple (XRP) Price Primed For More Upsides: $0.3500 On The Cards appeared first on NewsBTC.
Source: New feedNewsBTC.com

Week in Review: Cryptocurrency Price Analysis for the Week May 6 to May 12

Hi Readers, welcome to cryptocurrency price analysis for the week. Do not forget to check movers and shakers for this week at the last of the article.
Bitcoin (BTC)
Bitcoin saw some positive sentimental moves this week as the top coin was up 21.77%. The good thing about Bitcoin is that it still hodls itself above 6900 creating a sentimental positivity. The prices hit a high point of USD 7,333.00 and the lowest point of USD 5,653.69 during the week. The exchanges that were more active, in volumes, with BTC across various pairs this week were, BitMex (22.31%), Negocie (5.12%) and ZBG (2.83%)
Among prominent news around Bitcoin, Prince Charles Gives Royal Approval On BTC says “It’s A Very Interesting Development”
Ethereum (ETH)
Ethereum continues its upward move following the rise of BTC. Ethereum on the top, this week were at USD 203.47 and were at lows of USD 159.99. The markets that were more active, in volumes, with ETH across various pairs this week were ZBG (4.98%), BW.COM (3.47%) and OKEx (2.91%)
Among news surrounding Ethereum, Vitalik Buterin, Joseph Lubin Each Donate 1,000 ETH to Support Ethereum’s Development
Ripple (XRP)
On the top, this week the prices of XRP were at USD 0.336324 and towards the bottom, it quoted USD 0.294114. The exchanges that were more active, in volumes, with XRP across various pairs this week were, BW.com (10.21%) ZBG (9.54%) and DigiFinex (4.95%)
For XRP this week, Ripple’s co-founder Chris Larsen has been selected to join the International Monetary Funds panel. This panel has been created to focus on innovations in the Fintech industry
The Other Movers and Shakers
The Other coins that made to the top and bottom this week according to Coin Market Cap (accessed on May 12 at 9:08 pm IST) were
Movers

Blue Whale Exchanges – Showing a rise of 9000%
Japan Content Token – Showing a rise of 355.36%
Bitex Global XBX Coin- Showing a rise of 169.89% 

Shakers

RoboCalls- Showing a drop of 79.48%
Namecoin- Showing a drop of 48.04%
Cloudbric – Showing a drop of 47.68%

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 Week in Review: Cryptocurrency Price Analysis for the Week May 6 to May 12 appeared first on Coingape.
Source: CoinGape