Market Update: Cryptocurrency Market Cap Sheds $90B, Margin Calls Spike, Futures Slide

Market Update: Cryptocurrency Market Cap Shed $90B, Margin Calls Spike, Futures SlideDigital currency markets have been consolidating since Thursday’s massive price drop after more than $90 billion was erased from the cryptoconomy. Crypto markets saw some brief gains on Friday but prices have been meandering just above current support levels. At the moment, traders and crypto proponents face uncertainty amidst the ongoing coronavirus scare and economic […]

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XRP Price Analysis for March, 10th – XRP Has Not Stopped Falling

xrp price analysis and predictionBy Dmitriy Gurkovskiy, Chief Analyst at RoboForex On Tuesday, the XRP remains under pressure, trading at 0.2089 USD, though sales are not full-scale anymore. On D1, the quotations tested the resistance area and kept declining. The resistance level is at 0.2525 USD. The decline is aiming at the breakout of the last low at 0.1741 USD. On the MACD, there is a Black Cross forming, indicating a potential decline to the psychologically important support level at 100.00. On H4, the quotations escaped a flat downwards, overcame 76.0% (0.2160 USD) Fibo and keeps drawing the declining channel. A Black Cross on

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XRP Price Analysis for March, 3rd – XRP Remains Weak

By Dmitriy Gurkovskiy, Chief Analyst at RoboForex On Tuesday, March 3rd, the XRP is slightly declining, trading at 0.2347 USD. The price keeps failing to bounce but the market does not lose hope. On D1, the quotations reached 50.0% Fibo in a bullish correction and then went down rather quickly. The declining wave broke out the mid-term support and returned under the long-term support line at 0.2525 USD. The technical picture signifies the possibility of further falling to the minimum at 0.1741 USD. On the MACD, the lines are still heading up, which may indirectly signal upcoming growth to the

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Ripple CEO Interview Gets Taken out of Context

TheMerkle_Ripple Intelligent GatewayIn the cryptocurrency space, there will always be major bias toward certain projects. A recent interview by Ripple CEO Brad Garlinghouse is being ripped out of its context once again. Many people believe that Ripple is dumping XRP on cryptocurrency exchanges. People Still Don’t Understand Ripple To this date, that has never been proven in an official capacity. It is true that Ripple sells XRP to its corporate partners, yet this has nothing to do with crypto trading platforms. In a recent interview, Ripple CEO Brad Garlinghouse commented on how the company’s business is evolving.  For reasons unknown, some people

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Market Update: Coronavirus Fears, Stock Market Crash, and Bitcoin Price Predictions

Market Update: Coronavirus Fears, Stock Market Crash, and Bitcoin Price PredictionsDigital currency markets have been consolidating since the initial price drop on February 26 that saw $25 billion shaved off the entire cryptocurrency market. At the time of publication, the cryptoconomy is hovering just above the $245 billion zone and a few coins today are making slight gains. Also read: MTV Airs Only the Negative […]

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Court Rejects Ripple’s Bid to Dismiss Class Action Lawsuit Filed by XRP Investors

Court Rejects Ripple’s Bid to Dismiss Class Action Lawsuit Filed by XRP InvestorsA court case that has the future of XRP at stake continues after Ripple’s motion to dismiss it was rejected by a court in California. The plaintiffs claim that the blockchain company sold the coin as an unregistered security and demand compensation. Ripple tried to avoid the case with its defense team insisting the lawsuit […]

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