Ripple’s Technological Advantage Forms Positive Outlook for XRP: Here’s What to Expect

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Ripple’s Technological Advantage Forms Positive Outlook for XRP: Here’s What to Expect
With all of the developments evolving around Ripple and its RippleNet, XRP has become a preferred crypto asset to complement the global economy. Check out what’s most likely to lie ahead of the coin.
Ripple’s Technological Advantage Forms Positive Outlook for XRP: Here’s What to Expect

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Source: CoinSpeaker

Ripple Releases Q3 Numbers for XRP Indicating a Rise in FUD

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Ripple Releases Q3 Numbers for XRP Indicating a Rise in FUD
Ripple said that in Q3 2019, there was a major rise in FUD surrounding allegations of XRP dumping and price manipulations by the company itself.
Ripple Releases Q3 Numbers for XRP Indicating a Rise in FUD

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Source: CoinSpeaker

Should I Buy and Sell XRP in 2019?

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Should I Buy and Sell XRP in 2019?
This piece answers the question “should I buy and sell Ripple in 2019?” by providing objective analysis on the bullish and bearish cases for the cryptocurrency.
Should I Buy and Sell XRP in 2019?

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Source: CoinSpeaker

Binance Introduces XRP to Binance Chain and Binance DEX

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Binance Introduces XRP to Binance Chain and Binance DEX
Binance decided to re-create XRP on its own blockchain – Binance Chain, and pegged it to several cryptocurrency pairs on Binance DEX.
Binance Introduces XRP to Binance Chain and Binance DEX

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Source: CoinSpeaker

Ripple Makes Inroads into Europe by Making Yet Another Acquisition

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Ripple Makes Inroads into Europe by Making Yet Another Acquisition
Ripple Labs Inc has made a little-known but significant acquisition – Iceland-based of Algrim, which is a cryptocurrency trading firm with small but mighty talent pool.
Ripple Makes Inroads into Europe by Making Yet Another Acquisition

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Source: CoinSpeaker

Ripple Moves Court to Dismiss XRP’s Securities Lawsuit, But Fails to Answer Questions

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Ripple Moves Court to Dismiss XRP’s Securities Lawsuit, But Fails to Answer Questions
Ripple has recently moved to court making strong counter-allegations on one of the plaintiffs claiming XRP is a security. The company has filed a motion to dismiss the plaintiff’s claims.
Ripple Moves Court to Dismiss XRP’s Securities Lawsuit, But Fails to Answer Questions

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Source: CoinSpeaker

SendFriend Launches XRP-based Cross-border Payments in New Jersey

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

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Source: CoinSpeaker

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

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

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

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

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

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

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

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

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

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

A bounce there would sent XRP price upward to test the top of a multi-month pennant, which could finally cause XRP to break out of its bear market downtrend. When the pennant does resolve, and XRP breaks upward, the move is expected to be fast, violent, and incredibly profitable for anyone loading their bags with XRP currently.
The post Ripple Effect: MoneyGram Stock Continues to Soar, When Will XRP Price Follow? appeared first on NewsBTC.
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Ripple Acquiring MoneyGram Was Fake News But It Gave XRP Price the Boost

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Ripple Acquiring MoneyGram Was Fake News But It Gave XRP Price the Boost
After a rumor broke out yesterday that a California-based crypto start-up Ripple has acquired the major US-based money transfer company MoneyGram, both companies refused to comment. Still, even the rumor was enough for XRP price 8% boost.
Ripple Acquiring MoneyGram Was Fake News But It Gave XRP Price the Boost

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Source: CoinSpeaker

Ripple Pushes Its XRP-Powered xRapid Solution to Argentina and Brazil

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Ripple Pushes Its XRP-Powered xRapid Solution to Argentina and Brazil
Ripple’s xRapid, cross-border payment solution powered by XRP, forays into the new markets: Brazil and Argentina are now in its list.
Ripple Pushes Its XRP-Powered xRapid Solution to Argentina and Brazil

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Source: CoinSpeaker

XRP May Soon be Listed on Yet Another Euronet Worldwide Subsidiary

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XRP May Soon be Listed on Yet Another Euronet Worldwide Subsidiary
It is expected that XE.com, a subsidiary of Euronet Worldwide, will soon list XRP. Nevertheless, the exact timeline was not disclosed yet.
XRP May Soon be Listed on Yet Another Euronet Worldwide Subsidiary

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Source: CoinSpeaker

Ripple’s David Schwartz Sells His XRP Stack, Time to Get Out?

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Ripple’s David Schwartz Sells His XRP Stack, Time to Get Out?
According to the Twitter user @hlnoooo, Ripple’s Chief Technology Officer, David Schwartz, has been selling his XRP stack. This should be the biggest warning for the XRP community according to him.
Ripple’s David Schwartz Sells His XRP Stack, Time to Get Out?

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Source: CoinSpeaker

Ripple [XRP] Price Analysis: Reacts to The Double-Top Pattern – Looming Declines

Ripple is among the biggest daily losers following the struggle that bore no fruits at $0.3800.
Technical analysis show there is looming bear pressure that is likely to send Ripple further down.

Sellers are returning to the cryptocurrency market and this time, they have only one mission – to revenge. Ripple is among the biggest daily losers following the struggle that bore no fruits at $0.3800. The formation of a double-top pattern as observed on the 4-hour chart has seen buyers scatter as bears take over control.
Chart Source: TradingView
A double top pattern is usually associated with a trend reversal especially in the market that has been moving upwards. XRP/USD could not find support at $0.36,00, $0.3400 and even at $0.3200. The price extended the declines to the area around $0.31188.
The 4-hour chart shows Ripple having recovered to $0.3384 and is sitting comfortably above the 200 Simple Moving Average (SMA). The growing bullish momentum must clear the resistance at $0.3400 for a continued upward move past the broken trendline support.
Also Read: Bitcoin Technical Analysis: BTC/USD Indicators Suggest $5,800 is The Next Target
However, Technical analysis show there is looming bear pressure that is likely to send Ripple further down. The Relative Strength Index (RSI) in the 4-hour range has taken a hit from the high levels achieved in the first week of April (88.95). It has refreshed the lows reached on March 26 below 30.00. The signal is currently attempting to change the direction upwards.
The stochastic oscillator, on the other hand, is sloping further down after breaking below 50.00. The indicator was recently rejected from the levels close to the overbought range but it avoided the oversold region. A divergence from the signal line shows that XRP/USD is likely to continue trimming gains in the coming sessions on Thursday.
Key Technical Indicators:
RSI 4-hour: 37.31
Stochastic oscillator 4-hour: 39.84
200 SMA 4-hour: 0.3269
Resistance 1: $0.3400
Resistance 2: $0.3600
Resistance 3: $0.3800 (last week’s seller congestion area).
Support 1: 200 SMA 4-hour
Support 2: $0.3300
Support 3: $0.3000
Primary support area: $0.2800
 
The post Ripple [XRP] Price Analysis: Reacts to The Double-Top Pattern – Looming Declines appeared first on Coingape.
Source: CoinGape

XRP Price Analysis: XRP/USD Expected to Reach $0.38 Price Level

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XRP Price Analysis: XRP/USD Expected to Reach $0.38 Price Level
After price retracement, XRP price will incline further towards $0.38 resistance level in case the bulls double its momentum. The bears can only take over the market in case the resistance level of $0.36 holds.
XRP Price Analysis: XRP/USD Expected to Reach $0.38 Price Level

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Source: CoinSpeaker

Bitcoin’s [BTC] Positive Break-out: BCH, LTC, ETH, XRP and other Altcoins Commence the ‘Alt-season’?

Bitcoin which was moving sideways in a small range near $3900, finally broke the $4000 resistance gaining 3% on the daily. The sideways movement of the market in the past week had left the traders uncertain, regarding the direction of the next big move in the Bitcoin price. However, a break above the range might suggest that bulls have taken control.
The total altcoin market capitalization (excluding Bitcoin) has gained 4.5% on the daily. Bitcoin Cash (BCH), Litecoin (LTC) and Ethereum (ETH) are leading the altcoin market gains. The total market capitalization of cryptocurrencies broke the $140 billion-mark first time in 2019.
Altcoin Market Cap Excluding Bitcoin
Bitcoin Cash (BCH) and Litecoin (LTC) Amongst Top Gainers
Bitcoin Cash, the hard fork of BTC, is the leading the altcoin gains with a 17% rise on the daily index. The price of Bitcoin on 16 March 7: 00 am UTC is $157 trading higher from $133.3 on March 15, 2019.
LTC/USD chart on Coinmarketcap
Litecoin (LTC) is also nearing double-digit gains on the 24-hour timeline. It has gained 9% since yesterday trading above the $60 resistance at $61.95. LTC fundamentals and technicals have predicted affirmative action on the cryptocurrency since February 2019.
Top Dapps Platforms
Ethereum, Tron and EOS, the platforms with the most abundant Dapps on their Blockchain also gained considerably taking a cue from the market sentiments.
While Ethereum recorded a rise of 6.3% on the daily, EOS And TRON gained 5.38 and 3.66% respectively. Cardana (ADA) also rose by 7% as it sets sight on entering the top 10 cryptocurrencies by market capitalization.
XLM Retains its Gains, While XRP breaks-out?
Ripple’s XRP and Stellar Lumens (XLM) the two leading platforms providing seamless cross-border transfer of value to existing financial institutions also contributed to the total gains. XLM which had gained 20% at the beginning of the week gained another 3.75% riding on market bullish market sentiments.
1-D XRP/BTC chart on Bittrex
XRP broke the $0.315 resistance and a small break out from the channel was observed on XRP. The RSI signal is between the oversold and overbought conditions, hence, perfectly balanced.
The positive action in the cryptocurrency market especially the altcoins suggest that the accumulation period in cryptocurrency might have begun.
Do you think the ‘altcoin’ season is back again? Please Share your views with us.
 Disclaimer: The above reflects the thought of the author, please use your own judgment before making any investments.
The post Bitcoin’s [BTC] Positive Break-out: BCH, LTC, ETH, XRP and other Altcoins Commence the ‘Alt-season’? appeared first on Coingape.
Source: CoinGape