Today's Hot Topics

SBI Holdings Still Bullish on XRP

The well-known Ripple partner, SBI Holdings is confident that XRP will be a successful and widely-adopted digital asset for global remittance and settlements. In fact, they believe that the potential is there for it to become a leader of the crypto sector. In its 2018 fiscal year report published last week, SBI provided a financial overview of its digital currency ecosystem, which includes proof-of-work mining activities as well as an initiative with Ripple to develop a global blockchain-based remittance platform. SBI said, “digital asset related businesses launched in 2016 were performing steadily.” The bank’s holdings and ventures achieved an overall...

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Is XRP Overpriced? This Researcher Seems to think so

Cryptocurrency is a very technical and (at times) convoluted industry which hosts thousands upon thousands of crypto projects, some of which are designed with a unique idea in mind. The third biggest cryptocurrency in the space at the minute is Ripple’s XRP which is one of these projects that has the vision to go the full length and become the leading blockchain-based remittance services provider. XRP supporters believe that the crypto should be worth a lot more than its current price of just $0.29 but one researcher thinks the complete opposite and thinks that the crypto is overpriced! The researcher...

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Ripple (XRP) Struggles To Break Past Support Turned Resistance

Ripple (XRP) has declined significantly below a strong trend line support and is now struggling to break above it. The price has already tested this trend line as resistance. RSI on the daily time frame shows room for a rally in the near future but there is not much hope left as Ripple (XRP) has failed on multiple fronts. First of all, it failed to form the golden cross that Bitcoin (BTC), Ethereum (ETH) and a lot of other cryptocurrencies did. Second of all, the price has declined way below the 50 day moving average. Not many cryptocurrencies are in...

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Does Ripple’s Sustainability Rely on its High-Profile Partnerships?

The company behind XRP, Ripple has officially released its first-quarter report for 2019. The document suggests that Ripple has sold $169.42 million from January to March and institutional sales accounted for $61.93 million, more than 36 percent of all its sales. Every quarter, Ripple seems to be seeing increases. Ripple saw a 54 percent surge in institutional investment, suggesting an overall rise in demand for crypto from institutions. How 2019 has been for Ripple Before we look into 2019, let’s have a look at the fourth quarter of 2018. XRP saw a three-fold gain at the end of last year...

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Ripple (XRP) Expected To Rally Short Term But Future Outlook Remains Bleak

Ripple (XRP) is very likely to rally hard if the price remains above the $0.30 mark for the next few days. We have already seen the price resist a sharp decline below its trend line support. Although it is down significantly below its 50 day EMA, we expect it to rally hard in the near future if it remains above $0.30. RSI on the daily time frame points to the strong probability of a rally towards the 50 day exponential moving average. Dreams of a golden cross seem to have fallen apart after the price broke below the 50 day...

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