It’s an ‘exciting time’ to be involved in cross-border payments, claims Ripple’s Sagar Sarbhai

Sagar Sarbhai, Head of Government & Regulatory Affairs, Asia Pacific at Ripple, recently spoke at the Bangkok FinTech Fair 2019, where he expressed his views regarding payment connectivity across the globe. Cross-border payments have been an important aspect of the remittance industry for the last few years. Sarbhai believes that the current scenario is one […]
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Source: AMB Crypto

Altcoins get much-needed respite after Bitcoin surges by 12% in an hour

Bitcoin broke out of a rising wedge yesterday at 11:00 UTC, contributing to the price falling from $9,800 to $9,300. The bears had the matter under control until the king coin’s price started pumping again. Subsequently, Bitcoin’s price pumped by a whopping 12% in an hour i.e ~$1,400 pump in an hour. The 12% price […]
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Source: AMB Crypto

Ripple Price (XRP) Could Climb Higher, Bitcoin Breaks $10,500

Ripple price recovered steadily after trading below the $0.2900 support level against the US dollar.
The price climbed higher and broke the key $0.3000 and $0.3200 resistance levels.
It seems like an ascending channel is forming with support at $0.3150 on the hourly chart of the XRP/USD pair (data source from Kraken).
The price is likely to break the $0.3280 resistance and trade above the $0.3320 level in the near term.

Ripple price is showing a lot of positive signs above $0.3200 against the US Dollar since bitcoin rallied 10%. XRP price could continue to rise if its breaks $0.3280 and $0.3300.
Ripple Price Analysis
Recently, we saw a major downward move in ripple price below the $0.3000 support against the US Dollar. The XRP/USD pair even broke the $0.2900 support and tested the $0.2850 support area. A new monthly low was formed near $0.2833 and the price recently started an upside correction. There was a break above the $0.3000 and $0.3100 resistance levels.
Moreover, the price settled above the $0.3100 level and the 100 hourly simple moving average. The bulls gained traction and the price even broke the $0.3200 resistance. Finally, the price spiked above the $0.3240 resistance and traded towards the $0.3280 level. A swing high was formed at $0.3274 and the price is currently correcting lower. It broke the $0.3240 level plus the 23.6% Fib retracement level of the recent wave from the $0.0.3041 low to $0.3274 high.
However, there are many supports on the downside near $0.3200 and $0.3150. There is also an ascending channel forming with support at $0.3150 on the hourly chart of the XRP/USD pair. The 50% Fib retracement level of the recent wave from the $0.0.3041 low to $0.3274 high is also near the channel support to act as a strong support in the near term.
If there is a downside break below the channel support, the price may move back towards the $0.3040 level. However, the 100 hourly SMA at $0.3090 might protect losses. On the upside, an immediate resistance is near the $0.3275 and $0.3280 levels, above which the price is likely to surge above the $0.3300 level in the near term.

Looking at the chart, ripple price is trading with a positive bias above the $0.3150 and $0.3040 support levels. Therefore, there are chances of more gains above the $0.3280 and $0.3300 resistance levels.
Technical Indicators
Hourly MACD – The MACD for XRP/USD is slowly moving back into the bearish zone.
Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is currently correcting lower towards the 50 level, with a bearish angle.
Major Support Levels – $0.3150, $0.3090 and $0.3040.
Major Resistance Levels – $0.3280, $0.3300 and $0.3320.
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Is Ripple’s Data on XRP Circulating Supply and Inflation Fake? Messari Report Suggests

The cryptocurrency Exchanges were accused of ‘fake reported volume’ which was a demerit for the entire crypto-markets. However, the fake reported volume data did not have any significant impact on price. This is because ‘wash trading’ is used to increase the apparent volume of Exchanges only.
However, it does create an illusion of a lot of value being traded on the Exchanges and the cryptocurrencies. According to research by Florent Moulin, published on the Messari site, Ripple might be using the fake reported data to mislead the investors into something bigger.
The report compared the Q1 financial report submitted by Ripple with their estimates. The most important highlight from their report was,
They [Ripple] may mislead investors because key information regarding sales and estimated trading volumes significantly understate the pace of selling pressure from Ripple and its founders and affiliates. We find that XRP’s circulating supply inflated by 11.5% in the past six months vs. the 4.5% implied by its API.
According to Ripple, it made $169 million from these combined sales, with two-thirds of that sold on defined exchanges and the rest coming from direct institutional sales in Q1 2019.

Moreover, the company’s Q1 2019 reported sales represented 0.32% of the global XRP exchange trading volume from the quarter, up from 0.24% in Q4 2018, according to data from CoinMarketCap.

Estimated Distribution of XRP (Source) 

However, the research estimates found a lot of hogwash in the report. As they are considering the volume from CoinMarketCap data, they are incorrectly calculation their sales. Moreover, the research also found that XRP is still most primarily been held by its creators and Ripple.

we believe that more than 75% (75 million) of the current XRP outstanding supply (units identifiable on-chain) is currently managed by Ripple and its founders and affiliates. Circulating supply data is sourced from known on-chain addresses. 

The value presented is our best estimate for the Maximum circulating supply of XRP.

Last but not least, Ripple is due to submit its Q2 report in the near future. According to CoinMarketCaps data, the sales at Ripple has been just short of the volume recorded in Q4 of 2017, when Ripple was trading at around $3.

XRP Inflation – Reported and Real (Source)

However, the research points otherwise, if the deflation in XRP is as high as it is projected, the selling pressure from the creators might be much larger. Moreover, it also puts significant doubts on the security laws on XRP.

Do you think that Ripple will come out clean from these allegations? Please share your views with us.
The post Is Ripple’s Data on XRP Circulating Supply and Inflation Fake? Messari Report Suggests appeared first on Coingape.
Source: CoinGape

Puma Browser takes on Brave, Chrome; launches first full browser with native Coil support on App Store

Ripple and Coil have taken their partnership forward, with Coil’s Puma Browser being linked with Ripple’s Interledger protocol. The web browser was made available on the app store on July 17, with Puma Browser’s official Twitter handle announcing the same, “1/  We’ve been hard at work re-building Puma Browser with Firefox-iOS as base. Polina, […]
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Source: AMB Crypto

Ripple Price (XRP) Signaling Fresh Increase While Bitcoin Still Below $10K

Ripple price found support near the $0.2830 level and recovered recently against the US dollar.
The price traded above the $0.2940 resistance and the $0.3000 pivot level.
This week’s followed bearish trend line was breached with resistance near $0.3040 on the hourly chart of the XRP/USD pair (data source from Kraken).
The price is now trading with a few positive signs above the $0.3050 support area.

Ripple price is currently trading with a bullish angle against the US Dollar and bitcoin. XRP price could extend its recovery if there is an upside break above the $0.3230 resistance area.
Ripple Price Analysis
Yesterday, we saw a strong drop in bitcoin and Ethereum, but dips were limited in ripple price against the US Dollar. The XRP/USD pair broke the $0.2940 support level and traded to a new monthly low. A swing low was formed near $0.2833 and recently the price started an upside correction. There was a break above the $0.2940 and $0.3000 resistance levels to start a recovery.
Moreover, this week’s followed bearish trend line was breached with resistance near $0.3040 on the hourly chart of the XRP/USD pair. It opened the doors for more gains above the $0.3150 resistance. However, the upward move is facing hurdles near the $0.0.3230 and $0.3240 resistance levels. As a result, the price corrected gains below $0.3150 and the 100 hourly simple moving average. Besides, there was a break below the 23.6% Fib retracement level of the recent wave from the $0.2833 low to $0.3248 high.
However, there are many supports on the downside near the $0.3050 and $0.3040 levels. The 50% Fib retracement level of the recent wave from the $0.2833 low to $0.3248 high is also near the $0.3040 level. There is also a connecting bullish trend line forming with support at $0.3045 on the same chart.
Therefore, the price is likely to find bids near the $0.3040 or $0.3050 level. Below the trend line and $0.3040, the price may perhaps test the $0.3000 pivot level. On the upside, the main resistance is near the $0.3230 and $0.3240 levels. If there is a convincing break above $0.3240, the price could accelerate gains in the near term.

Looking at the chart, ripple price remains well bid above the $0.3040 level. As long as there is no close below $0.3000, the price is likely to continue higher. A clear break above $0.3240 might push the price to $0.3450.
Technical Indicators
Hourly MACD – The MACD for XRP/USD is likely to gain strength in the bullish zone.
Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is currently above the 50 level, with a bullish angle.
Major Support Levels – $0.3050, $0.3040 and $0.3000.
Major Resistance Levels – $0.3230, $0.3240 and $0.3320.
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Litecoin Leads The Way: As Bitcoin Plummets, Altcoins Rise Across the Board

The crypto market is at a critical junction. Altcoins such as Litecoin, Ethereum, and Ripple have been capitulating, then bouncing as Bitcoin begins to struggle with its return to a bull market. Since this began, the crypto market has also been impacted by pending regulation and Facebook’s entry into the space.
But before the bearish trend continues, altcoins have been rising across the board, with Litecoin leading the way as it has in the past. With its halving just ahead, will we see a resurgence in altcoins, or will Bitcoin drag down any momentum they’ve recovered thus far?
Litecoin Halving Approaches: Where is the Pump?
The crypto community has long been talking of the effect halving such as what occurs in Bitcoin and Litecoin would have on each asset’s valuation, and the sentiment around the market as people seek to front run what they expect to be a pump-causing event.
Discussion of Litecoin’s halving permeated the industry throughout the first half of 2019, when Litecoin and other altcoins outperformed Bitcoin by a wide margin. From Litecoin’s bottom at $20, it rose to a high of $140 representing over 600% gains for investors. Bitcoin by comparison rose from $3200 to $13800, an over 300% gain.
Related Reading | The United States’ Distrust in Facebook Libra Is Spilling Into Crypto 
Litecoin often leads rallies, and in a sense, lights the path for the rest of the altcoin market to shine. The same has happened this week as the spotlight has been put on the crypto market thanks to Facebook’s Libra cryptocurrency, and has turned the entire industry upside down with fears over looming regulation from the United States and other superpowers.

Altcoins Heat Up Following Bitcoin’s Drop
Altcoins have spent the second and third quarter of 2019 thus far falling in value relative to Bitcoin. Whether this was driven by Binance shutting off US customers to much of the altcoin market, or if investors were dumping alts into the rising Bitcoin, altcoins have done nothing but suffer and cause suffrage for those that hold the alternative digital assets.
But ever since Bitcoin fell below $10,000, the altcoin market is once again heating up.
Related Reading | US Treasury Increases Regulatory Pressure on Crypto, Warns of Its Unlawful Uses 
Over the last 24 hours, Ethereum, Ripple, Tron, and Bitcoin Cash have all risen roughly 5%, while Litecoin has led the rally with a staggering 14% gains on the day. The next biggest gainer of the top ten was Bitcoin SV, which saw a 7% spike.
On the CoinMarketCap biggest gainers and losers, the altcoin market is showing gains as high as 359% over the last 24 hours. Does this mean that the bull run is back, but maybe just not for Bitcoin and alts will have their “season” everyone has been talking about? Or is this just a big bounce from oversold conditions that will resume once Bitcoin drops?
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Ripple’s Asheesh Birla requests SEC’s Hester Peirce for a timeline on bringing clarity to crypto-regulations

Cryptocurrency regulations in the U.S. have been nothing but tough for both the SEC and the companies working on cryptocurrencies. Companies like Ripple, whose products involve the usage of cryptocurrencies, have regularly faced setbacks in terms of innovation due to a lack of regulatory clarity. At the Fortune Brainstorm tech event, Ripple’s Asheesh Birla asked […]
The post Ripple’s Asheesh Birla requests SEC’s Hester Peirce for a timeline on bringing clarity to crypto-regulations appeared first on AMBCrypto.
Source: AMB Crypto

PayPal’s new mobile payments app may take the fight to Ripple

Many big-league players have started sorting through improved alternatives for fiat and cryptocurrency transactions. Recently, PayPal followed suit by launching its own mobile payments app, Xoom, in an apparent attempt to compete with Ripple. PayPal catapulted its e-funds transfer service to compete with Ripple, its blockchain-based rival, in the crypto-transactions segment. With Xoom, PayPal aims to […]
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Source: AMB Crypto

XRP Slides 23.4%, Mnuchin Presser A Ray of Hope For Ripple

Ripple (XRP) is down 23.4 percent
Like Libra, proper regulation will see XRP soar

Steven Mnuchin presser highlights the significance of oversight. Appropriate controls would either destroy or boost Ripple’s ambitions of building a sustainable web, the Internet of Value, where XRP plays a significant role. Currently, sellers are at the lead as prices tumble 23.4 percent from last week’s close.
Ripple Price Analysis
Fundamentals
To flourish and positively impact livelihoods, Ripple’s expansion largely depends on how regulators perceive their products. Of the three core solutions, xCurrent is the most adopted. At the same time, xVia is on the periphery while the use of xRapid is drawing unwanted attention.
Often, critics slam Ripple not because of their speedy and efficient options or their drive to replace legacy platforms, but on their view of centralization. Since the San Francisco based startup owns a majority of XRP, there are concerns that prices are prone to market manipulation.
It’s all because XRP is a liquidity tool, a medium of exchange which facilitate near instantaneous conversion of fiat. Already, Ripple has forged partnerships with leading exchanges like Bitstamp, Bittrex, and Bitso opening up corridors to Mexico and the Philippines.
However, if there is clarification on what XRP is-whether it is a utility or security, then payment providers as Ramessa Online, for example, will quickly jump in, upgrade to version 4 of xCurrent incorporating xRapid in their operations.
Because of this need, the US Secretary of Treasury, Steven Mnuchin, in a recent presser addressing regulations said:
“With regard to Facebook’s Libra, our overriding goal is to maintain the integrity of our financial system and protect it from abuse. We’ll make sure the general public and investors understand what they’re investing in and whether it’s the SEC or other regulators there [will be] proper disclosures.”
Candlestick Arrangements

At the time of writing, XRP is down 23.4 percent week-to-date. Retesting the main support line of 30 cents, bears are in control. To reiterate, the short-to-medium term price trajectory of XRP depends on reaction at Q1 2019 support.
If the latter is the case, buyers stand a chance. As a result, aggressive traders would buy the dips. After that, first target will be at 34 cents and later 40 cents.
Not only will this confirm an extended continuation, but the positive reaction will set in motion a possibility of a strong surge past 40 cents and even 50 cents to Sep 2018 high of 80 cents validating this trade plan’s stance.
Technical Indicators
In that case, a trend defining or nullifying candlestick must have high trading volumes exceeding 187 million of May 14. The bar, in this case, must either lead prices above 40 cents or close below 30 cents triggering panic sells with targets at 17 cents or lower.
Chart courtesy of Trading View. Image Courtesy of Shutterstock
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Ripple Price (XRP) Trading Near Make-or-Break Levels

Ripple price found support near $0.2960 and recently recovered higher against the US dollar.
The price traded above the $0.3100 resistance area, but it is struggling to break the $0.3200-0.3230 area.
The bulls are struggling to gain strength above a bearish trend line with resistance at $0.3185 on the hourly chart of the XRP/USD pair (data source from Kraken).
The price must gain strength above $0.3200 and $0.3230 to continue higher in the near term.

Ripple price is slowly recovering against the US Dollar, while bitcoin gained nearly 8%. XRP price is now facing a strong resistance near $0.3230, above which it could continue higher.
Ripple Price Analysis
Yesterday, we saw a sharp decline in bitcoin and Ethereum, pushing ripple price below $0.3200 against the US Dollar. The XRP/USD pair even spiked below the $0.3000 support and settled below the 100 hourly simple moving average. A new swing low was formed near $0.2960 and the price recently started an upside correction. It managed to move above the $0.3040 and $0.3050 resistance levels.
Moreover, there was a break above the 23.6% Fib retracement level of the last drop from the $0.3505 high to $0.2959 low. However, the price is facing a strong resistance near the $0.3200 and $0.3210 levels. Additionally, the bulls struggle to gain strength above a bearish trend line with resistance at $0.3185 on the hourly chart of the XRP/USD pair.
The 50% Fib retracement level of the last drop from the $0.3505 high to $0.2959 low is also near the $0.3230 level to act as a strong resistance. Above $0.3230, the 100 hourly SMA is positioned near the $0.3250 level. Therefore, the bulls are likely to struggle to gain strength above $0.3230 and the 100 hourly SMA. Should there be a successful close above $0.3230 and the 100 hourly SMA, ripple price could recover towards the $0.3500 level.
On the other hand, if the price fails to gain above $0.3200 or $0.3230, it could resume its decline. An immediate support is near the $0.3100 level, below which the price could test the $0.3000 support area.

Looking at the chart, ripple price is currently trading near a crucial resistance at $0.3200-0.3230. It could either continue higher above $0.3230 and $0.3250 or start a fresh decline towards $0.3000. Should there be a downside break below $0.3000, the price may perhaps decline towards the $0.2850 support level in the near term.
Technical Indicators
Hourly MACD – The MACD for XRP/USD is likely to move back into the bearish zone.
Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is currently just below the 50 level.
Major Support Levels – $0.3100, $0.3000 and $0.2950.
Major Resistance Levels – $0.3200, $0.3230 and $0.3250.
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Ripple (XRP) Outperforms Crypto Markets as Price Stabilizes Above Historical Support

Ripple has been able to once again find strong buying pressure in the upper-$0.20 region, which has historically been a region of strong support for the cryptocurrency. After touching this region, XRP climbed slightly higher, and is currently outperforming the markets.
Analysts are now torn on whether or not this price region marks a long-term floor that will allow the crypto to surge higher, or if it is simply a weakening support level that will ultimately lead to a significant drop lower.
Ripple (XRP) Plunges Over Past Few Weeks, But Nears a Critical Support Region
At the time of writing, Ripple is trading up nearly 2% at its current price of $0.32 and is currently outperforming the aggregated crypto markets.
Although XRP has been able to climb slightly today, its price action over a several week period has been incredibly bearish, as it has plummeted from its late-June highs of nearly $0.50 to its recent lows of just below $0.30.
This price action has closely mirrored that of Bitcoin’s, as BTC quickly surged to highs of $13,800 in late-June before subsequently plummeting to its recent lows of roughly $9,900.
Peter Brandt, a popular cryptocurrency analyst on Twitter, spoke about XRP’s price action a few days ago, explaining to his nearly 300k followers that Ripple could plummet as low as $0.16 if Bitcoin continues to face downwards pressure.
“If $BTC has intermediate correction then $XRP will go to $.1600,” he explained.

If $BTC has intermediate correction then $XRP will go to $.1600 pic.twitter.com/tqQ0nuHZr4
— Peter Brandt (@PeterLBrandt) July 11, 2019

Is XRP Forming an Accumulation Base Around Current Prices?
Although it does seem as though Ripple is currently sitting on the edge of a precipice that could result in a serious drop, other analysts are noting that the price region that lies just below where it is currently trading at could mark a long-term accumulation base.
Credible Crypto, another popular analyst on Twitter, recently spoke about this possibility to his nearly 50k followers while replying to another analyst’s bearish assessment of the cryptocurrency.
“I don’t know about this one Don. $BTC was resting on a level that had 20 days of consolidation as support. $XRP is resting on a level that has nearly 7 months of consolidation as support. Looks more like we are building an accumulation base here,” he replied.

I don't know about this one Don. $BTC was resting on a level that had 20 days of consolidation as support. $XRP is resting on a level that has nearly 7 months of consolidation as support. Looks more like we are building an accumulation base here. pic.twitter.com/Im0tRfx9hI
— Credible Crypto (@CredibleCrypto) July 14, 2019

Although it remains unclear as to whether or not XRP will closely follow Bitcoin’s price action in the near-future, it is highly probable that it will take a significant influx of selling pressure for the crypto to drop below its long-established support level around $0.30.
Featured image from Shutterstock.
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Bitcoin [BTC] Bows To Selling Pressure, Slumps By 11% In 24 Hours

Bitcoin (BTC) was able to recover a couple of hundreds back from the previous low of $9,843 and returned towards $10,215 by the time of writing this analysis. Although, the upward movement remains slow and we still need to see a follow through to get a chance for extended upside momentum. At the time of writing, BTC/USD is changing hands at $10,215 down 11% in the last 24 hours and remained steady since the beginning of Monday.
The Technical Side
On the one day charts, Bitcoin was seen bowing to the selling pressure coming in the early hours of Monday. However, the Relative Strength Index (RSI) rebounded upward on a 1-hour time frame, which may be seen as a sign on the corresponding inbound recovery. The first resistance was met by SMA50 (Simple Moving Average) on 15-mun chart currently at $10,395. It is followed by the midline of the 1-hour Bollinger Band and the upper line of 15-min Bollinger Band at $10,500.
Once this resistance is overcome, the upward trend is likely to gain some energy with the next focus on psychological $11,000 (a confluence of SMA50 and the upper line of Bollinger Band on 1-hour timeframe). 
Alternatively, a resistor move below the $10,000 mark will bring SMA daily at $9,900 level in sight. This area is likely to show strong support, though, once it is broke, the sell-off will continue towards July 2 low at $9,657.
Source: TradingView
Altcoins
Altcoins haven’t quite found a reversal route following their persistent bear markets. It appears as though their unlucky season continues to wax stronger as most major acts like Ethereum (ETH) and Ripple (XRP) are still swimming in a pool of blood.
Source: Coinmarketcap
Ethereum (ETH) Falling Drastically
Over the past 24 hours, Ethereum has also met with a strong resistance which kept persistently below the $230 level, representing a significant loss of 17.2% in price. Ethereum shows no inbound upward trend and may likely fall below the $210 level before the bell time. At the time of writing, Ethereum is trading at $221.66.
Ripple (XRP) Down Almost 7% In 24 Hours
Ripple also got hit hard. Price fell by 6.49% within the last 24 hours and now trading $0.301 per unit. Major resistance exists at the $0.300 mark and if broken (as the case most likely is), ripple will set course for the $0.295 psychological level and may plan a rebound from there.
The post Bitcoin [BTC] Bows To Selling Pressure, Slumps By 11% In 24 Hours appeared first on Coingape.
Source: CoinGape

Ripple Price (XRP) Holding Ground While Ethereum & Bitcoin Takes Hit

Ripple price broke the key $0.3200 support level to extend losses against the US dollar.
The price even spiked below the $0.3000 support area and traded to a new monthly low at $0.2955.
There is a major bearish trend line forming with resistance at $0.3200 on the hourly chart of the XRP/USD pair (data source from Kraken).
The price could correct higher, but it is likely to face sellers near $0.3150 and $0.3200.

Ripple price remained in a bearish zone against the US Dollar, but recovered vs bitcoin. XRP price might continue to decline and it is likely to test the $0.2850 support area.
Ripple Price Analysis
Recently, there were heavy losses in bitcoin and Ethereum, but ripple price declined less against the US Dollar. The XRP/USD pair remained in a bearish zone and broke the key $0.3200 support level. The pair even broke the $0.3000 support level and settled well below the 100 hourly simple moving average. Finally, the price traded to a new monthly low at $0.2955 and it is currently consolidating losses.
An immediate resistance on the upside is near the $0.3050 and $0.3080 levels. The 23.6% Fib retracement level of the recent decline from the $0.3510 high to $0.2955 low is also near the $0.3080 level. If there is an upside break above the $0.3080 level, the price could trade towards the $0.3200 resistance. The stated $0.3200 level was a support earlier and now it is likely to act as a strong resistance.
Moreover, there is a major bearish trend line forming with resistance at $0.3200 on the hourly chart of the XRP/USD pair. The 50% Fib retracement level of the recent decline from the $0.3510 high to $0.2955 low is the next resistance near the $0.3220 level. Therefore, to start a decent recovery, the price must move back above the $0.3200 and $0.3220 resistance level.
On the other hand, if the price fails to correct above $0.3200 or $0.3220, there could be more losses. An immediate support is near the $0.2950 level, below which the price may even break the $0.2900 level.

Looking at the chart, ripple price is clearly trading in a bearish zone below $0.3200 and the 100 hourly SMA. In the short term, there could be a minor upward move, but the bulls might struggle near the $0.3200 level. It seems like the price could extend losses and test the $0.2850 support level before a fresh recovery.
Technical Indicators
Hourly MACD – The MACD for XRP/USD is slowly losing momentum in the bearish zone.
Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is currently well below the 40 level.
Major Support Levels – $0.2950, $0.2900 and $0.2850.
Major Resistance Levels – $0.3080, $0.3200 and $0.3220.
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Cryptocurrency Price Analysis for the Week July 8 to July 14

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)
This week Bitcoin saw a bit of selling after being on high spirits over the past some weeks. The prices hit a high point of USD 13,129.53 and the lowest point of USD 10,908.48 during the week. The exchanges that were more active, in volumes, with BTC across various pairs this week were, Bit-Z (3.97%), Binance (3.48%) and BW.com (3.22%)
Among prominent news around Bitcoin, An anonymous 4chan user who was spot on in his bitcoin price predictions so far this year, accurately hitting price targets, has predicted BTC will hit $87,000 in November of 2020
Source: Coin360.com
Ethereum (ETH)
Ethereum followed Bitcoins move and remained subtle after weeks of positivity. Ethereum on the top, this week were at USD 318.22 and were at lows of USD 263.07. The markets that were more active, in volumes, with ETH across various pairs this week were Coinegg (4.16%), Bit-Z (3.00%) and L Bank(2.94%)
Among news surrounding Ethereum Dovey Wan, Founding partner at Primitive Ventures, recently tweeted a thread explaining how Ethereum could be bullish over the long term. According to her, over time all fiat coin will be on Ethereum, which makes a bit more bullish on $ETH TBH, as long as Ethereum can be the go-to-choice for all these synthetic assets
Ripple (XRP)
On the top, this week the prices of XRP were at USD 0.402690 and towards the bottom, it quoted USD 0.322926. The exchanges that were more active, in volumes, with XRP across various pairs this week were, HitBTC (5.98%%), BITKER (5.38%%) and BW.com (5.17%)
For XRP this week, XRPL Labs’ developer Wietse Wind hints at ‘XRPL-bridged bank accounts’ for the community to ease payments
The Other Movers and Shakers
The Other coins that made to the top and bottom this week according to Coin Market Cap (accessed on July 14 at 5:30 pm IST) were
Movers

Bezant – Showing a rise of 323.66%
PDATA – Showing a rise of 138.03%
FlypMe- Showing a rise of 111.49%

Shakers

TransferCoin- Showing a drop of 71.34%
Dynamic- Showing a drop of 68.54%
Serve – Showing a drop of 60.00%

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 July 8 to July 14 appeared first on Coingape.
Source: CoinGape