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XRP

XRP
Price
0.3001 USD -2.42%
0.00007649 BTC -0.68%
Volume, 24h
353,612,301 USD
11.15%
Marketcap
12,441,068,217 USD
9.1%
Emission
42%

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XRP Price Looks Bound to Drop Below $0.3 as Bears Won’t Relent

As the day trucks along further, it seems there is no real improvement in terms of overall market trend. The top markets remain subdued and there is no real enthusiasm among traders to speak of. For the XRP price, it remains to be seen if and when the price will drop below $0.30. The current mounting pressure seems to indicate this is merely a matter of time. XRP Price Shows no Signs of Recovery Under normal circumstances, one wouldn’t expect XRP to follow Bitcoin’s negative trend so blindly. This time around has proven to be very different in that regard, although it remains a big mystery as to why this is happening as of right now. While the world’s leading cryptocurrency remains bearish first and foremost, it seems the other markets will face their own share of bearish pressure for some time to come. That in itself is not what traders and speculators have hoped for, but it seems unlikely anything will change in the foreseeable future. Over the past 24 hours, the XRP price has lost another 2.24% in USD value to drop down to $0.301. There is another 0.31% loss in XRP/BTC, which pushes that ratio down to 7m642 Satoshi. Not entirely surprising where this latter development as concerned. However, it also confirms the 8,000 Satoshi level is well out of reach for this popular asset as of right now, which will displease a lot of holders.  A drop to 7,500 Satoshi seems rather plausible at this point, although there is no real indication as to how the markets will evolve exactly. When looking across social media, it seems there are a lot of different opinions regarding XRP and Ripple. Cryptoguru075 expects there to be a lot of bearish pressure moving forward. Claiming Ripple hasn’t released any news for a full year might be a bit of a stretch, though, There have been quite a few key developments, although it remains to be seen if there can be any meaningful impact for XRP in the process. #XRP holders on suicide watch. The final shakeout is taking place. @Ripple not releasing news for over a year on purpose is exactly what whales want. — God (@cryptoguru075) March 26, 2019 Berite is speculating how exchanges might be dumping their XRP all of a sudden. It is remarkable to see someone openly name Binance in this regard, even though there is zero indication that company – or any other – is effectively liquidating XRP. There wouldn’t be any reason for doing so either, as XRP is simply following Bitcoin’s bumpy trend as of right now. No manipulation appears to be taking place, especially with such bleak trading volume. It is uncanny what traders come up with when the momentum remains bearish for more than a few hours. This tweet has been deleted ever sicne it was first pointed out, unfortunately.  For those who are mainly interested in the actual price chart, it is evident the coming hours will prove to be crucial in many different ways. If the trendline is broken, there may very well be a drop to $0.28 or slightly lower in the coming days. Most of this will depend on what happens to Bitcoin first and foremost, as that market dictates the overall momentum. For XRP, things simply are not looking great, unfortunately. Moment of truth time for #xrp pic.twitter.com/7ChVBXhMCr — XRPress (@XRPress) March 26, 2019 All of the market momentum seems to confirm there will be even further bearish pressure across all markets. While traders will not like this in the slightest, there is no remote indication things will turn around on a dime. Hourly candles still remain bearish for all top markets, which only further confirms the bear market is not over. How low all of these markets will go in the coming hours and days, remains to be determined. Anything is possible in this industry. Disclaimer: This is not trading or investment advice. The above article is for entertainment and education purposes only. Please do your own research before purchasing or investing into any cryptocurrency. Image(s): Shutterstock.com The post XRP Price Looks Bound to Drop Below $0.3 as Bears Won’t Relent appeared first on NullTX.
NullTX

Binance Controversy, CFTC/Bakkt Update, Bitcoin XRP Ethereum Futures & Fake Bitcoin Volume

Support Me On Patreon! https://www.patreon.com/TheModernInvestor ---------------------------------------------------------------------------- Protect And Store Your Crypto With A Ledger Nano: https://www.ledger.com?r=8af3ed38d3b7 ----------------------------------------------------------------------------- Buy Bitcoin And Ethereum With Fiat On Binance! https://www.binance.je/?ref=35009618 ----------------------------------------------------------------------------- Open An Account With Binance! https://www.binance.com/?ref=22170588 ------------------------------------------------------------------------------ Bitcoin Donations Address: 1BYhrLpntMYW97sd8K6fquTcr5MYwPAe2y Ripple (XRP) Donation Address: rsoKR5VHJx84oMTYbS7tWg7g5aFebYirVi Ethereum / KIN / OmiseGo Donation Address: 0x0e5f5CEFaA9A0713AB6D8F79E6679E22d86C21f6 -------------------------------------------------------------------------------- Follow Me On Facebook ! https://www.facebook.com/TheModernInvestor https://www.youtube.com/channel/UC-5HLi3buMzdxjdTdic3Aig Follow Me On Twitter: https://twitter.com/ModernInvest ---------------------------------------------------------------------------------- Very Special Thanks To My Patreon Supporters: Chris Charles Roman Geber David Chosrova Stuart Niven Larry Gooch Tyler Winklevoss NBKrypto Steven Harper Ulf Fatman Josefsson Mohammad Tabbaa Brian Vaci Jeffrey Pete Mozar Cryptocurrency Logic Jonathan Robert Kraus Josh Gorcyca ---------------------------------------------------------------------------------- Photo Credit To: https://images.ecosia.org/P8FXb139z0Y1p8s9U_bQ1Qz6ymI=/0x390/smart/https%3A%2F%2Fimg.huffingtonpost.com%2Fasset%2F5a3fd9232100003e005f5bb7.jpeg%3Fcache%3Dtxkl66ck1x%26ops%3D1910_1000
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Bitcoin, Ethereum, XRP and other cryptos set to be traded on Yahoo-backed Japanese cryptocurrency exchange, Taotao

The Japanese cryptocurrency exchange, Taotao [formerly BitARG], is set to launch in May and will offer trades in Bitcoin [BTC] and Ethereum [ETH], Litecoin [LTC], Bitcoin Cash [BCH], and XRP. Among the above-mentioned cryptocurrencies, margin trading will be available for Litecoin [LTC], Bitcoin Cash [BCH] and XRP. The exchange, as reported by Cointelegraph, will go live in mid-May. Pre-registration is open from 25 March to 17 April, 2019, and users can participate in a promotional giveaway of ¥1000. Z Corporation, a subsidiary owned by Yahoo, has a 40% stake in the Taotao exchange. The plan for owning the stake was announced in March 2018. At the time, the stake cost Yahoo ¥2 billion [$19 million]. This move marked Yahoo’s foray into cryptocurrency. On 23 March 2018, Nikkei Asian Review stated, “The purchase of BitARG shares will be made through Tokyo’s YJFX, a wholly owned Yahoo subsidiary that operates foreign exchange transaction services.” Further, Taotao exchange has received a seal of approval from Japanese regulatory bodies for its launch. Yahoo is yet another big-player that has entered the Japanese regulated cryptocurrency space. The entry of major players like Yahoo and SBI Group began after a scheme launched in April 2017, which has cleared approximately 16 operators to serve the Japanese market. Additionally, Japan cleared more rules regarding margin trading of cryptocurrencies. Japan’s cabinet reportedly approved a draft amendment to Japan’s financial instruments and payment service laws, allowing margin trading at two to four times the initial deposit. The post Bitcoin, Ethereum, XRP and other cryptos set to be traded on Yahoo-backed Japanese cryptocurrency exchange, Taotao appeared first on AMBCrypto.
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