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’s Xpring Gives $265 Mil in XRP to Content Platform Coil

Ripple’s infrastructure development and XRP adoption initiative Xpring announced a 1 billion XRP (roughly $265 million) grant to web monetization platform Coil on Aug. 15. Coil will reportedly use the funds to build an ecosystem of creators, developers, companies and nonprofits that use XRP through the Web Monetization open standard. Giving creators control over distribution and monetization Coil is a platform that provides an alternative method for creators to monetize their content on the internet. Users can post public and exclusive content on the platform, which is automatically enabled for…

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…

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,…

XRP Price Crashes by 40% on Beaxy Exchange After Coordinated Sell-Off

Newly-launched cryptocurrency exchange Beaxy has suspended trading after some users deliberately crashed the price of altcoin Ripple (XRP).  XRP/BTC dips 40% According to a blog post and social media messages, beginning on Aug. 12, Beaxy experienced a sudden surge in XRP trading volumes, with a huge sell-off reducing XRP/BTC to 40% of its price on other exchanges. “As a result and precaution, we are temporarily halting all trading activity and withdrawals across the exchange as we investigate,” the blog post reads. XRP/BTC 3-day trade volume on Beaxy. Source: Beaxy Beaxy…

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…