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Is Ripple (XRP) A Security?

Ripple's potential security status has been a subject of debate for years now. Whether or not Ripple is finally declared a security will have imporant implication for traders that own, have owned or will own XRP tokens. CFTC Chairman recently said that XRP could be classified as a secuirty by the SEC. So, is Ripple's XRP a security or not? For most, that is like asking if birds fly. As of now, there is a boatload of evidence and troves of documents freely available on the internet showing why exactly the XRP token deserves its securities classification. While there is...

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14 January 2020 - XRP/ BTC – 4-hour

In this 4-hourly chart of Ripple/ Bitcoin (XRP/ BTC), there is an appreciating range from 0.00002536 to 0.00002689 after a much larger depreciating range from 0.00002968 to 0.00002536. We can observe that the market then depreciated to the 0.00002607 level before appreciating to the 0.00002662 level (identified by the red down arrow), just above the 0.00002652 area that represents the 23.6% retracement of the appreciating range.   We can see that the market then depreciated to the 0.00002601 level (identified by the blue up arrow), right around the 0.00002612 level that represents the 50% of the appreciating range. This is also...

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Ripple (XRP)’s Fate Hangs In The Balance As Price Reaches Key Decision Point 

Ripple (XRP) is about to make a big move that will determine its direction for the weeks and months to come. The weekly chart for XRP/USD shows that this is one of the most important decisions that Ripple (XRP) will make since 2018. If the price ends up breaking above the descending triangle that it is currently trading in, we would still need to wait for confirmation to make sure that this is a genuine breakout with follow through. However, if it fails to do that and breaks straight below the key support of $0.21, we would be looking at...

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Running on Ripple: SCB Mobile Banking App Could Change Cross-Border Payments

  Siam Commercial Bank (SCB), one of the oldest financial institutions in Thailand has recently teamed up with Ripple. This is in order to design a mobile application powered by blockchain to deliver instant, low-cost cross border payments.  Going off a blog post published by Ripple yesterday, the new mobile app was shown off at the Ripple customer event, Swell.   Siam Commercial Bank (SCB), one of the oldest financial institutions in Thailand has recently teamed up with Ripple to design a mobile application powered by blockchain to deliver instant, low-cost cross border payments.  Going off a blog post published...

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2 January 2020 - XRP/BTC – Weekly

In this Weekly chart of XRP/ Bitcoin (XRP/ BTC), there is a depreciating range from 0.000059 to 0.00002362. We can observe that the market then appreciated to the 0.00003774 level (identified by the red down arrow), just above the 0.00003713 area that represents the 38.2% retracement of the appreciating range. We can observe that the market then depreciated and continues to depreciate. Using RSI, we can observe that the slopes of both RSI (14) and RSI Average (3) bearishly turned negative after the market traded as high as 0.00003774. We can also observe that RSI Average (3) also bearishly moved...

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