XRPXRP XRP news

XRP is a token for Ripple, a real-time gross settlement system, currency exchange and remittance network created by Ripple Labs Inc.
Price, 24h
0.4543 USD / 0.00005200
2.00% / 7.35%
Volume, 24h
1,316,427,362 USD
0.00%
Marketcap
17,929,069,685 / 6.5%
Emission
42%
Chart price/vol/NIS 7d
Asset details

World latest news

Ripple (XRP) Price Following Downtrend, Risk of Breakdown Persists

Ripple price is trading in a downtrend below the $0.2750 resistance against the US dollar. The price is facing a lot of hurdles on the upside near the $0.2740 and $0.2750 levels. This week’s crucial bearish trend line is intact with resistance near $0.2800 on the hourly chart of the XRP/USD pair (data source from Kraken). Besides, Ethereum is still holding the key $182 and $180 support levels. Ripple price is struggling to recover and trading in a bearish zone against the US Dollar and bitcoin. XRP price remains at a risk of more losses below $0.2660. Ripple Price Analysis In the past few days, ripple followed a bearish path below the $0.2900 resistance area against the US Dollar. Moreover, XRP/USD settled below the key $0.2800 area and the 100 hourly simple moving average. It opened the doors for more downsides below the $0.2750 support area. Recently, the price traded below the last swing low near $0.2680 and declined below $0.2670. A new monthly low was formed near $0.2668 and the price is currently correcting higher. It broke the $0.2700 and $0.2710 resistance levels. Additionally, ripple climbed above the 50% Fib retracement level of the recent drop from the $0.2758 high to $0.2668 low. However, the price seems to be facing a lot of hurdles on the upside near the $0.2740 and $0.2750 levels. More importantly, this week’s crucial bearish trend line is intact with resistance near $0.2800 on the hourly chart of the XRP/USD pair. Furthermore, the 61.8% Fib retracement level of the recent drop from the $0.2758 high to $0.2668 low is also acting as a resistance. Therefore, a clear break above the $0.2740 and $0.2750 resistance levels is needed for more gains in the near term. Once there is a clear break above $0.2750 and the 100 hourly SMA, the price could recover towards the $0.2820 and $0.2850 resistance levels. On the downside, an initial support is near the $0.2660 level. If the bulls fail to defend the $0.2660 and $0.2650 support levels, the next stop for the bears may perhaps be $0.2620. Ripple Price Looking at the chart, ripple price is clearly struggling below $0.2800 and $0.2750. A downtrend is in place and it seems like there are chances of more losses below the $0.2650 support level. In the mentioned case, the main support where the bulls may take a stand could be $0.2580. Technical Indicators Hourly MACD – The MACD for XRP/USD is showing no signs of a decent recovery in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is currently just below the 50 level. Major Support Levels – $0.2660, $0.2650 and $0.2620. Major Resistance Levels – $0.2740, $0.2750 and $0.2820. Ripple (XRP) Price Following Downtrend, Risk of Breakdown Persists was last modified: November 13th, 2019 by Aayush JindalThe post Ripple (XRP) Price Following Downtrend, Risk of Breakdown Persists appeared first on NewsBTC.
NewsBTC/analysis

XRP TipBot to Implement KYC & Charge Deposit and Withdrawal Fees

XRPTipBot, a hobby project of XRPL Labs developer Wietse Wind has grown to about 60k unique accounts and has 2 million XRP tipped. Though, it was never created to “become a business,” Wind in his latest post on Coil said things are about to change as the regulatory landscape of the crypto industry changes. In […]
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Stellar’s Jed McCaleb Confirms Ripple Can Burn Half Of XRP’s Total Supply If They Wanted To

The crypto space never runs out of some very interesting moments, most of which involve some of the top characters in the industry. Crypto networks like XRP, Tron, Stellar, Bitcoin and other top coins have been known to always have something to keep the community active. More often than not, there are exchanges between the members of the various crypto fan bases, and things get even more interesting when the characters involved are from the top management levels. The latest exchange involves Stellar (XLM) and Ripple executives. Ripple is the architect of the XRP network and has been working hard to support the crypto’s adoption. Recently, the Stellar Development Foundation (SDF) decided to burn half of the XLM supply, slashing the supply from 105 billion XLM to about 50 billion XLM. That prompted Ripple’s Chief Technology Officer (CTO) David Schwartz to send out a tweet saying that Ripple can’t burn XRP since the crypto is entirely decentralized. Ripple Can Burn XRP David’s statement didn’t go down well with Stellar’s co-founder, Jed McCaleb, who claimed that if it wanted, Ripple Labs could also burn half of the XRP – as opposed to the belief that the company has no capacity to alter XRP’s total supply. Indeed, Jed’s claim caught David off-guard. In response, the Ripple CTO sought to tone down the exchange, partially agreeing that Ripple could burn XRP. However, he added an extra statement suggesting that Ripple was instead more interested in building up XRP liquidity and fostering adoption rather than burning the coins to stack up the price.  David’s response seems to have carried the answer to an issue that has long lingered within the XRP community. In effect, now everyone knows that, indeed, Ripple is capable of altering the XRP supply if it needed to.   Stellar Made A “Bad Move” Ripple’s CTO isn’t the only person to criticize the Stellar Development Foundation for burning half of the XLM supply. A few days ago, Litecoin’s Charlie Lee opined that the SDF made a cunning move by burning XLM instead of distributing them to their fans. cannot He went ahead to add that by burning half of the XLM supply, SDF increased its holdings from 16% to 24% since they only burned about 5 billion of their XLM holdings. In effect, the SDF made itself richer at the expense of its fans. The post Stellar’s Jed McCaleb Confirms Ripple Can Burn Half Of XRP’s Total Supply If They Wanted To appeared first on ZyCrypto.
ZyCrypto

XRP Tipbot moves towards regulations with "break-even" strategy

XRP TipBot, the pet project by XRPL lead developer, Wietse Wind reported the processing of approximately 700k tips, with almost 2million XRP tipped. However, as the world adopts crypto, the need for rThe post XRP Tipbot moves towards regulations with "break-even" strategy appeared first on AMBCrypto.
AMBCrypto

Ripple (XRP) Price Remains At Risk Of More Losses

Ripple price is trading in a bearish zone below the $0.2840 resistance against the US dollar. The price is struggling to hold the key support area near the $0.2700 level. Yesterday’s major bearish trend line is active with resistance near $0.2800 on the hourly chart of the XRP/USD pair (data source from Kraken). Ethereum is trading above $180 range support and bitcoin is down more than 3.5%. Ripple price is facing an uphill task against the US Dollar and bitcoin. XRP price is likely to continue lower as long as it is trading below $0.2820 and $0.2840. Ripple Price Analysis In the past few hours, there was an increase in selling on ripple below the $0.2840 resistance area against the US Dollar. XRP/USD mostly followed a bearish path below $0.2800 and the 100 hourly simple moving average. Moreover, the price moved below the last low and traded to a new weekly low near $0.2682. At the moment, the price is correcting higher above $0.2720. Moreover, there was a break above the 23.6% Fib retracement level of the recent decline from the $0.2852 high to $0.2682 low. However, there are many resistances for ripple on the upside near the $0.2765 and $0.2780 levels. Besides, the 50% Fib retracement level of the recent decline from the $0.2852 high to $0.2682 low is near the $0.2765 level. More importantly, yesterday’s major bearish trend line is active with resistance near $0.2800 on the hourly chart of the XRP/USD pair. The 100 hourly SMA is also positioned near the trend line and $0.2800 to act as a barrier for the bulls. Therefore, a clear break above the trend line, $0.2800, and the 100 hourly SMA could start a decent increase. The next key resistance is near the $0.2840 level, above which there are chances of more upsides towards the $0.3000 resistance area. On the downside, an initial support is near the $0.2700 level. If there is another bearish break below the $0.2700 support, the price could even decline below the $0.2682 low. The next key supports on the downside are near the $0.2650 and $0.2640 levels. Ripple Price Looking at the chart, ripple price is clearly trading in a bearish zone below the $0.2800 and $0.2840 resistance levels. A convincing close above $0.2840 is needed for the price to move into a bullish zone. If not, there is a risk of more losses below $0.2700. Technical Indicators Hourly MACD – The MACD for XRP/USD is about to move into the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is currently declining and is below the 50 level. Major Support Levels – $0.2700, $0.2680 and $0.2650. Major Resistance Levels – $0.2765, $0.2800 and $0.2840. Ripple (XRP) Price Remains At Risk Of More Losses was last modified: November 12th, 2019 by Aayush JindalThe post Ripple (XRP) Price Remains At Risk Of More Losses appeared first on NewsBTC.
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Bill Clinton in Swell by Ripple Event

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NEO, VeChain Shoots Up As China Warms Up To Blockchain

Cryptos with links to China are seeing huge leaps as the rest of the market remains relatively quiet, thanks to some recent events that suggest that the Chinese government might be finally ready to open the doors for cryptos. It’s notable that some time back, China banned all crypto-related activities in the country, prompting various exchanges in the country like Binance to leave. A recent announcement by the Chinese president seems to have fueled a rather serious price surge for cryptos like VeChain and NEO. Granted, the two cryptos have been known to have strong links to China. China’s President publicly endorsed Blockchain development in the country, at the 18th collective study of the Political Bureau of the Central Committee held in China, President Xi Jinping delivered a speech to the members of the Political Bureau of the CPC Central Committee where he broadly stressed the importance of Blockchain as an independent innovation for technological breakthrough that must be developed in order to speed up its technological use case in the country. China Will Invest In Blockchain In a new report, it’s revealed that China is planning to invest around $2 billion in blockchain projects within the country over the next few years. This announcement caused a ripple effect, with almost the entire crypto market feeling the push. NEO gained by over 50% while VeChain has seen a cool 100% upsurge since Xi spoke. While the rest of the market also reacted positively to the news, the surge wasn’t as intense as that seen with NEO and VeChain. On average, the rest of the market managed to only gain around 17% following Xi’s pro-blockchain announcement. However, it’s still agreeable that the announcement has been very well received in the industry. In fact, following the news, Binance has expressed interest in opening up a branch in the Chinese capital, Beijing.  Chinese Media Publishing Crypto And Blockchain Content  Besides the Chinese government supporting the blockchain technology, the media, too, seems to have developed some love for cryptos. A state-owned media outlet has been publishing crypto and blockchain-related content in an effort to educate members of the public about them. In fact, one of the publications was entirely dedicated to Bitcoin and occupied the outlet’s front page.  The post NEO, VeChain Shoots Up As China Warms Up To Blockchain appeared first on ZyCrypto.
ZyCrypto

Alibaba to Reward Free Bitcoin Through Shopping App Lolli

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Crypto Currency News

NEO Spikes 100% Thanks to China’s Surprising Blockchain PivotNEO Spikes 100% Thanks to China's Surprising Blockchain Pivot

NEO has surged 100% over the past few weeks. The bullish sentiment behind this cryptocurrency rally seems to be related to China’s decision to embrace blockchain technology. One trader says NEO may have a bright forecast. NEO, one of China’s most prominent blockchain projects, has been on a roll since Chinese President Xi Jinping announced […] The post NEO Spikes 100% Thanks to China’s Surprising Blockchain Pivot appeared first on CCN.com China's blockchain pivot has launched NEO, a cryptocurrency nicknamed the "Chinese Ethereum," to a phenomenal 100% rally.
CCN

Ant Financial of Alibaba Opens Up Blockchain Testing for Small and Medium-Sized Businesses

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