Moneygram International announced yesterday that it has halted operations on Ripple’s platform. The news came with the company’s Q4 and 2020 earnings report. In its outlook for the first quarter of 2021, Moneygram noted that it “is not planning for any benefit from Ripple market development fees in the first quarter,” adding that “due to […]
The Next “Buzz Word” AltcoinsLast month, the Bloomberg Galaxy Crypto Index was at 1414.37, following a low of 217.82 in early March. BTC had made a new high yesterday at $51,630.86. Today (February 17) and the index was at 2,295.61. That’s a huge gain for one month. Let me put this into perspective. In late […]
The ongoing SEC vs. Ripple debacle has sown a seed of mistrust in the hearts of many investors against holding XRP. Ripple’s former CTO, and co-founder, Jed McCaleb, is leading the charge and has been offloading his Ripple (XRP) holding at a steady rate. McCaleb, alongside Chris Larsen and Brad Garlinghouse, co-created and founded Ripple […]
The US Securities and Exchange Commission (SEC) and Ripple, the host company of the sixth-largest cryptocurrency, have both asserted that there will be no settlement on the current lawsuit against Ripple before the official trial date, as many cryptocurrency enthusiasts anticipated. The assertion was confirmed through a letter dated February 15, 2021, and was addressed […]
Key Resistance Levels: $0.65, $0.70, $0.75Key Support Levels: $0.45, $0.40, $0.35 XRP/USD Long-term Trend: BullishSince February 13, buyers have retested the $0.65 resistance zone twice but could not find penetration above it. On each attempt, the price would fall to the $0.55 low. The price fell and found support above the 21-day SMA. On the […]
XRP/USD Market February 08 When the bulls increase their momentum, $0.49 level may be penetrated upside and $0.62 – $0.73 levels may be reached. In case the bears prevail over the bulls, $0.39 may be penetrated and $0.28 – $0.21 may be tested. Key Levels: Resistance levels: $0.49, $0.62, $0.73 Support levels: $0.39, $0.28, $0.21 […]
XRP/USD Market February 02 If the bulls were able to increase their momentum and break up the $0.39 level, then, $0.49, $0.62 will be the next target. Should the resistance at $0.39 holds, the price may continue consolidating at the $0.39 level. However, below the current market price are $0.28, $0.21, and $0.17 support levels. […]
NEO Price Analysis – February 02 Should the bulls push up the price above the resistance level of $25, then, the price may increase to $28 and $32 price level. In case the bears prevail and the price burst out at the support level of $22, the price will reduce to the $19 support level […]
XRP/USD Market February 02 A further increase in the bears’ pressure may push the price to penetrate the support level of $0.28 level; this may decrease the price to $0.39 and $0.28. In case the support level of $0.28 does not give way, the price may increase to the previous high levels of $0.62, $0.73, […]
