Daily, May 09, ’18

Winklevoss, Cardano, Ripple, Casper, Galaxy Crypto Index

  • Winklevoss IP company got a patent for the method of calculating the exchange products (ETP), tied to the rate of cryptocurrency.
  • One of the leading South Korean mobile payment platforms Metaps Plus, will accept Cardano (ADA) as a means of payment.
  • Ripple announced a partnership with Korea’s Coinone Transfer.
  • The creators of Ethereum published the first version of the Casper update code.
  • The Bloomberg Galaxy Crypto Index (BGCI), created by Bloomberg and Galaxy Digital Capital Management LP, founded by the investor Mike Novogratz, entered the market.

XRP

0.4543 USD
2.00%

ADA

0.09184 USD
3.22%

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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

2020 for BITCOIN | What to Expect with BTC Halving? Cardano Shelley | Tael Wabi | Bitcoin News

Bitcoin Halving is coming, What to expect in 2020 https://news.bitcoin.com/6-months-before-halving-signs-indicate-bitcoin-miners-are-hoarding/ https://bitcoinist.com/bitcoin-demand-model-reveals-a-clear-growth-trend-since-2011/ https://www.cryptoglobe.com/latest/2019/11/half-of-financial-pros-think-bitcoin-will-outperform-s-p-500-in-2020/ Tael Pay (WABI) labels on Japan 'National Treasures'* https://twitter.com/Taelpay/status/1193976688645939200 https://twitter.com/Taelpay/status/1193952556147466241 Cardano Shelley Testnet Snapshot scheduled today Nov 12th https://cryptoslate.com/shelleys-incentivized-trial-testnet-snapshot-scheduled-for-nov-12/ Alibaba Partners with Lolli offering upto 5% Crypto back https://cointelegraph.com/news/alibaba-partners-with-lolli-to-allow-us-shoppers-earn-free-bitcoin China will invest Billions into Blockchain by 2023. https://www.altcoinbuzz.io/crypto-news/finance-and-funding/idc-says-by-2023-china-will-have-poured-2-bn-into-blockchain/ [Sponsored Video] - Record the segment in advance https://www.bitsonar.com/ Sign up for Altcoin Buzz FREE Newsletter: http://eepurl.com/dnIEz1 CRYPTO.COM MCO $50 REWARD https://platinum.crypto.com/r/k7tsgv2xc0 Sign up for eToro https://tinyurl.com/yxwa8vbt - Visit our website: https://altcoinbuzz.io Connect with us on Social Media: Twitter: https://twitter.com/Altcoinbuzzio Facebook: https://www.facebook.com/altcoinbuzzio/ Telegram: https://t.me/joinchat/DLi8Ug8negQrbwYO-oqNRA - Looking for the best cryptocurrency wallets? Check these out: BitLox: https://bit.ly/2rWQnHa CoolWallet S: https://bit.ly/2Liy5bv Trezor: https://bit.ly/2IXrZic Ledger Nano S: https://bit.ly/2IyE3al KeepKey: https://bit.ly/2x5TlhM Read about them here: https://bit.ly/2rTdthZ NOTE The information discussed on the Altcoin Buzz YouTube or other social media channels is not financial advice. This information is for educational, informational and entertainment purposes only. Any information and advice or investment strategies are thoughts and opinions only, relevant to accepted levels of risk tolerance of the narrator and their risk tolerance maybe different than yours. We are not responsible for your losses. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence and consult the financial advisor before acting on any information provided. Copyright Altcoin Buzz Pte Ltd. All rights reserved.
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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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