Ripple (XRP) Price Skyrockets: More Gains Above $0.50, $0.52 Likely

Ripple price extended its rally above the $0.4500 and $0.4700 resistances against the US dollar. The price tested the $0.4800 area and it looks set to extend gains above $0.5000. Yesterday’s highlighted important ascending channel is intact with support near $0.4390 on the hourly chart of the XRP/USD pair (data source from Kraken). There were sharp gains in Ethereum above $250 and $260, opening the doors for $300. Ripple price started a significant upward move against the US Dollar and bitcoin. XRP broke $0.4750 and it looks set to surpass…

Bitcoin Price Rally Stalls As Ether, XRP Shine

View Alternative cryptocurrencies are flying high while bitcoin is having a breather above $8,000. Notably, ether (ETH) has hit a seven-month high of $235 and looks set to extend gains further toward $256 (Sept. 22 high) in the near-term. XRP, meanwhile, has confirmed a bull breakout. With hourly chart indicators diverging in favor of the bears and the daily relative strength index (RSI) reporting overbought conditions, bitcoin is looking increasingly vulnerable to a price pullback to the key rising trendline, currently placed above $7,200. Bitcoin could challenge Tuesday’s high of…

Coinbase Opens Up XRP Trading for New York Residents

Cryptocurrency exchange Coinbase has launched trading support for XRP for New York state residents. The San Francisco-based firm tweeted the news Monday, saying that New Yorkers can now buy, sell, convert, send, receive or store XRP on Coinbase.com or via its iOS and Android mobile apps. After the announcement, the price of XRP jumped over 20 percent to reach a high of $0.39, according to data from CoinMarketCap. However, the surge also coincides with bullish moves from bitcoin in the last 24 hours. Coinbase initially added XRP support for its…

CEO’s Delight, Ripple (XRP) Has Low Correlation With Bitcoin (BTC)

Ripple (XRP) down 6.4 percent Low correlation with Bitcoin prices means XRP is the best diversifier Brad Garlinghouse must be happy, Ripple (XRP), a Binance research report reveals, has a low correlation with Bitcoin (BTC). Because of that, it is a good diversifier for investors willing to spread out their risks. Nonetheless, Ripple (XRP) prices are down, shedding 6.4 percent in the last week. Ripple Price Analysis Fundamentals Based on historical cryptocurrency market performance, diversification may, after all, not be ideal for investors. That’s what the last Binance report shows.…

Ripple to Save Millions for a Oil Company, XRP Reacts at Historical Support

Ripple (XRP) technically bullish PPTEP partnership bullish By collaborating with PPTEP of Thailand with Siam bank as a facilitator, investors can see firsthand why the platform can help industries across the board. Even so, Ripple (XRP) is ranging with strong support at 30 cents. Ripple Price Analysis Fundamentals Good news, for the general investor, is the rate at which Ripple Inc is securing partnerships. By the close of 2018, 200 banks were using RippleNet. Of those 200 financial institutions, xRapid had 13 clients. That’s a massive milestone for a service…

Is Ripple (XRP) Undervalued After Fiat—ILP Interoperability Demo?

Ripple prices up 16.3 percent InterLedger Protocol (ILP) is a game changer. The team behind InterLedger Protocol (ILP) are not slowing down, and now that we have a fiat connector, it’s only a matter of time before the benefits of a real Internet of Value begins to permeate. With optimism around interoperability, we expect Ripple (XRP) prices to increase towards 80 cents. Ripple Price Analysis Fundamentals Here’s what InterLedger Protocol can do. The Ripple innovation can connect banks, mobile money platforms, stock exchanges, clearing houses and different ledgers. By ledgers,…

There’s No Upside Resistance, Ripple (XRP) Bulls Aiming At 40 Cents

Ripple prices trending within a bull breakout after closing above 34 cents Banks are hesitant to adopt xRapid and instead use xCurrent No doubt, Ripple Inc is proposing a novel and livelihood lifting idea that stands to shape remittance. However, with incumbents holding their ground, revamping their systems and plugging leakages, Ripple has much ground to cover. As they do so, Ripple (XRP) bulls are back and likely to close above 40 cents by mid-next week. Ripple Price Analysis Fundamentals The global payment and financial landscape are unrivaled when it…

Ripple (XRP) Down 7.7 Percent, Market Brimming With Confidence

Ripple (XRP) upside headwinds, down 7.7 percent XRP based ETP launched European investors are set to gain access to XRP through a controlled manner as Nordic Growth Market (NGM) launches LTC and XRP-based ETPs. At the same time, Banco Santander will spend $22 billion on One Pay FX in the next four years. Meanwhile, XRP is up but prices are cooling off and could drop to 32 cents. Ripple Price Analysis Fundamentals Traders with access to Nordic Growth Market (NGM) will now have access to Exchange Traded Products (ETP) based…

Volumes Up 5X As Ripple (XRP) Prices Break-out From a 3-Month, 4 Cents Range

Ripple price revival, up 12 percent SWIFT competition increase, after Ripple now CIPS After 20 million XRPs were stolen from BitHumb, exchanges should put in place measures to jealously protect their reputation as well as shield user funds. Yes, there are losses but there shouldn’t be wholesale condemnation as exchanges play a critical role of injecting liquidity in the market. Besides, as a fiat-crypto or crypto-crypto on-ramp, they help in drawing demand, spurring adoption which boosts penetration of assets as Ripple (XRP). Ripple Price Analysis Fundamentals Exchanges are struggling with…

Ripple Price Analysis: XRP Could Consolidate Before Fresh Increase

Ripple price gained traction and settled above the $0.3030 pivot level against the US dollar. The price traded close to the $0.3100 resistance level and it is currently consolidating. There is a short term ascending channel formed with support at $0.3064 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair is likely to trade in a range above the $0.3030 and $0.3050 supports before a fresh increase. Ripple price moved into a positive zone with bullish moves against the US Dollar and bitcoin. XRP/USD might…