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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XRP Keeps Correcting

By Dmitriy Gurkovskiy, Chief Analyst at RoboForex On Tuesday, February 25th, the XRP continues its correctional decline, trading at $0.2681. On D1, the wave of growth, having reached 50.0% Fibo, has changed to a decline. Currently, we may say that the quotations are coming back to test the broken long-term resistance line from above. The aim of the decline is the area around $0.2525. Also, we must account for the ascending of the MACD lines that demonstrate the potential continuation of the ascending dynamics after the completion of the pullback. The main goal of the impulse of growth will be

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Chinese Government-Backed Institute Releases New Ranking of 37 Crypto Projects

Chinese Government-Backed Institute Releases New Ranking of 37 Crypto ProjectsChina’s Center for Information and Industry Development has published its latest crypto project ranking — the first this year. A total of 37 crypto projects, two more than in the previous ranking, were evaluated and ranked overall this month as well as in three separate categories. Also read: Bitcoin, Tesla Stock, Tron: How Warren Buffett […]

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XRP Price Analysis for February, 18th – XRP Falling Sped Down

By Dmitriy Gurkovskiy, Chief Analyst at RoboForex By Tuesday, February 18th, the XRP rate has stabilized after a series of declining. The cryptocurrency is generally trading at $0.2915. On H4, the quotations remain in the ascending channel. They have tested the support level of the channel, hinting on an attempt to form another impulse of growth to the mid-term target level 61.8% ($0.3795) Fibo. However, it should be noted that earlier, the quotations reached the correctional level of 50.0%, pushed off it, and started quite a confident decline. So, it is highly probable that the test of the support level

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