Ripple Price (XRP) Showing Recovery Signs, Bitcoin Back Above $10.2K

Ripple price trimmed losses after it traded as low as $0.2336 against the US dollar. The price is currently trading above the $0.2500 pivot level with a few positive signs. A major contracting triangle pattern is forming with resistance near $0.2670 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair is likely to recover towards the $0.2800 resistance as long as it is above the $0.2500 support. Ripple price is showing signs of a decent recovery against the US Dollar, while bitcoin recovered 3%. XRP…

Ripple Price (XRP) Decline Could Accelerate: BTC and ETH Weakens Further

Ripple price declined sharply after it broke the key $0.2900 support area against the US dollar. The price is down more than 10% and even tumbled to test the $0.2350 level. A short term breakout pattern is forming with resistance near $0.2685 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair is likely to accelerate its decline once it breaks the $0.2580 and $0.2500 support levels. Ripple price is down and out against the US Dollar and bitcoin. XRP price is now trading in a…

SEC Is Bringing ‘Thor’s Hammer’ Against Ripple, Warns Tone Vays

Ripple is coming under fire from a serial Bitcoin (BTC) proponent this week after news emerged a lawsuit against the company has intensified. Ripple will feel U.S. regulators’ wrath, says Vays Ripple, which notionally controls the token known as XRP, is currently being taken to court by an investor, Bradley Sostack, who claims the company engaged in selling unregistered securities. As Cointelegraph reported, the stakes increased this week, after Sostack amended his original claim to include fresh guidance from the United States Securities and Exchange Commission (SEC).  According to reports,…

Ripple Price (XRP) Targets Fresh Weekly Low After Bitcoin Nosedives

Ripple price is trading in a downtrend below the $0.3000 and $0.3050 resistances against the US dollar. The price is likely to extend its decline considering the recent decline in bitcoin price below $11,000. There is a major bearish trend line forming with resistance near $0.2980 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair is facing an uphill task and it could even break the $0.2900 support area in the near term. Ripple price is trading with a bearish angle against the US Dollar,…

Disgruntled Investor Appeals to US SEC Guidelines in Class Action Suit Against Ripple

XRP investor Bradley Sostack has amended a class action suit against Ripple, in which he alleges that the company misled investors and proceeded to sell XRP as an unregistered security, in violation of federal law. Sostack submitted his latest filing on Aug. 5 to a United States district court in California. According to a report by CoinDesk on Aug. 13, the original class action suit was filed about a year ago, but had yet to gain traction as a class action suit. However, Ripple now must reportedly respond to this…

Ripple Price (XRP) Struggling To Recover Amid Negative Sentiment

Ripple price struggled to climb above the $0.3060 level and recently declined against the US dollar. The price is trading with a bearish angle below the $0.3020 and $0.3010 levels. XRP/USD is about to break a connecting bullish trend line with support near $0.2995 on the hourly chart (data source from Kraken). The pair is likely to accelerate losses if it settles below $0.3000 and the 100 hourly SMA. Ripple price is struggling to continue higher against the US Dollar, while bitcoin is ranging. XRP price might revisit the $0.2920…

Ripple Price (XRP) Could Recover While BTC and ETH Facing Hurdles

Ripple price started an upside correction after trading to a new monthly low at $0.2897 against the US dollar. The price is trading above the $0.3000 level, with a few positive signs. There was a break above a crucial bearish trend line with resistance near $0.2990 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair is likely to continue higher once it breaks the $0.3060-$0.3075 resistance area. Ripple price is currently correcting losses against the US Dollar, while bitcoin is facing hurdles. XRP price could…

South Korean Holding Company Uses Ripple Fork to Develop Donations Platform

South Korean holding company SK C&C has unveiled plans for a donation platform that is based on a Ripple blockchain fork. Moreover, the platform will support a stablecoin linked at a 1:1 ratio to the won, as well as a utility token. South Korean news daily Chosun reported about the company’s initiative on Aug. 9. According to the report, the donation platform is still strictly in the planning phase. SK C&C head Lee Sun-min explained that issues with regulation and infrastructure development present barriers to launching their proposed platform: “Since…

Ripple Price (XRP) Back To Square One But Bitcoin Holding Gains

Ripple price struggled to continue higher and declined below the $0.3100 level against the US dollar. The price is currently consolidating losses after it traded as low as $0.3038. There are two key bearish trend lines forming with resistance near $0.3100 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair remains at a risk of more downsides as long as there is no close above $0.3120. Ripple price is trading with a bearish below key supports against the US Dollar and bitcoin. XRP price might…

Ripple Price (XRP) Facing Many Hurdles While Bitcoin Testing $12K

Ripple price remained in a bearish zone below the $0.3150 and $0.3180 resistances against the US dollar. The price is consolidating above the $0.3065 and $0.3080 support levels. There is a major bearish trend line forming with resistance near $0.3160 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair is likely to struggle near the $0.3150, $0.3180 and $0.3200 resistance levels. Ripple price is trading below many key resistances against the US Dollar and bitcoin. XRP price could start a fresh increase once there is…