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Ripple (XRP) Faces Strong Rejection At 21 Day EMA Against Bitcoin (BTC)

Ripple (XRP) has just faced a strong rejection at the 21 day exponential moving average against Bitcoin (BTC). This is a strong setback for XRP/BTC considering the price is already in a do or die situation. The only thing that could save Ripple (XRP) from significant further downside is a rise above the 50 day moving average. If it fails to do that and faces a rejection at the 50 day moving average, we might see a strong decline below the 200 day moving average. If the price falls below the 200 day moving average, we could see it flash...

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Did Ripple Bribe Coinbase?

The head of XRP markets at Ripple, Miguel Vias denied all allegations of paying off Coinbase to list the third largest cryptocurrency on their exchange. Unless you’ve been living under a rock for the past few weeks, Ripple’s native token XRP has been listed on Coinbase Pro. Soon after it was listed, rumours surfaced that suggested Ripple had bought their way onto the platform as it quickly became clear that the XRP token was breaking one of the regulations that are required to get onto the exchange. The response followed a series of bribery accusations which was aimed at Coinbase...

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Weiss Ratings: Stellar Is Superior To XRP

Earlier this week, XLM got a listing on Coinbase Pro which is great for the team over at Stellar. The listing came just a few weeks after Ripple’s XRP got supported on the platform which has caught the eye of Weiss Ratings that recently started to venture into the cryptocurrency world. In a Twitter post following the listing of XLM, the company said that the crypto could potentially see a lot more adoption as it is “superior” to XRP. Among the top cryptocurrencies, XRP and XLM seem to share the common goal of facilitating cross-border payment and that automatically puts...

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Ripple (XRP) Caught Between Rock And A Hard Place

Ripple (XRP) is in a tough spot. The daily chart for XRP/BTC shows that the price has just a few days of time to make up its mind. If the bulls fail to push the price above the 50 day moving average, it will be at risk of a decline below the 200 day moving average. If that happens, we will see the price drop to the 1.272 Fib extension level. The daily trading conditions for XRP/BTC are not favorable for a strong rally from current levels but at least the price can break above and manage to stay above...

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Ripple (XRP) Bulls In Control Before The Biggest Breakout In Months

Ripple (XRP) has done really well in the past few days when the rest of the market had succumbed to sell pressure. It did a lot better than Bitcoin (BTC) and has still declined less than 1% while most cryptocurrencies are down more than 2%. This confirms our view that Ripple (XRP) is poised for a major break out and investors are going to want to profit off the upcoming rally. The number of margined longs for Ripple (XRP) shows that the bulls are still in control. The daily chart for XRPUSDLongs shows that the bulls are still in charge...

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