Last Minute For XRP: Ripple CEO Announces, XRP Price Crashed!

SEC case is coming to Ripple!

Ripple (XRP), the third largest cryptocurrency by total market cap, has dropped 16% as of the time of this writing and continues to decline. Behind this drop in the XRP price are both Bitcoin's general correction and the Ripple CEO's lawsuit statement.

Lawsuit against XRP and Ripple

According to the information provided by Fortune, Ripple CEO Brad Garlinghouse and other co-founder Chris Larsen will be sued directly by the US securities regulator SEC. Ripple CEO Garlinghouse said in a statement on the matter that SEC Chairman Jay Clayton was "shamefully prepared to sue them."

Garlinghouse emphasizes that the SEC will sue Ripple prior to the presidents' transition and will leave all paperwork to the new president. Making a statement on the subject on Twitter, Ripple's CEO stated that this will be the last move of Jay Clayton, who is still SEC Chairman.

SEC Wages War on Innovation

The famous CEO stated that the US is trying to "choose winning projects and restrict innovation", adding that this is exactly the purpose of the SEC. Emphasizing that Ripple will continue to use XRP, Garlinghouse stated that it is the best digital asset for payments, thanks to its speed, transaction fee and scalability.

It is known that the SEC has always won against the crypto money projects that it has sued before and came out as the winning party in the lawsuits. So what exactly does the SEC's lawsuit against Ripple mean?

Ripple (XRP) Price Prediction: Will Trouble End For XRP?

XRP price continues to melt against Bitcoin.

Although XRP, the third largest cryptocurrency by total market capitalization, reached up to $ 0.77 before Bitcoin's rally and attracted the attention of all cryptocurrency investors, it is now far, far away from that level. XRP, which is expected to go up to $ 1 in a possible altcoin rally, is trading at $ 0.58 at the time of this writing.

XRP Price Continues To Fall

Although the airdrop by the Flare Network certainly excites XRP investors, this excitement seems to be over quickly. While the Bitcoin price climbs up to $ 24,175 against the US dollar and refreshes its record 5-6 times in almost 1 week, XRP is unable to test even the all-time record, even the weekly high.

When looking at XRP / USD technical analysis , it is seen that the price is literally stuck at $ 0.60. Unless the XRP price breaks the $ 0.60 resistance, it floats towards the support points below and the non-existent buying pressure fades away. The price of XRP is likely to decline to the level of 16522 SATS against Bitcoin, which equates to $ 0.45 against the US dollar.

The Fall of XRP Could Be Very Hard

In the technical analysis of the XRP price , it is seen that the main support points are very low at $ 0.28, $ 0.26 and $ 0.24. Resistance points are much closer to XRP price and are located at $ 0.78, $ 0.80 and $ 0.82.

XRP, which has recently been on the rise, fell to its previous point on December 16 due to the $ 0.60 resistance not being overcome. Currently, the XRP price seems to fluctuate between $ 0.54 and $ 0.60. If the XRP price breaks $ 0.60 and closes daily, it can cause $ 0.78 to be seen suddenly.

The Ascension Can Be Fierce

The big green candle, which came with the bullish trend on November 24, tested the 61.8% Fibo point. If there is a break and the continuation of this candle, even the $ 0.78 level is not enough to stop XRP and a rise to the 1.618 Fibo point, or $ 1, can be experienced.

Looking at the 4-hour Ripple price chart, it is seen that the downtrend that emerged on December 15 is still effective. If Bitcoin's rise stops and altcoins take action, XRP will also reverse the trend. With the XRP price reversing the trend, its target is seen at $ 0.80 to $ 1.

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Ripple (XRP) Price Prediction: Will Trouble End For XRP?

XRP price continues to melt against Bitcoin.

Although XRP, the third largest cryptocurrency by total market capitalization, reached up to $ 0.77 before Bitcoin's rally and attracted the attention of all cryptocurrency investors, it is now far, far away from that level. XRP, which is expected to go up to $ 1 in a possible altcoin rally, is trading at $ 0.58 at the time of this writing.

XRP Price Continues To Fall

Although the airdrop by the Flare Network certainly excites XRP investors, this excitement seems to be over quickly. While the Bitcoin price climbs up to $ 24,175 against the US dollar and refreshes its record 5-6 times in almost a week, XRP is unable to test even the weekly high, let alone the all-time record.

When looking at XRP / USD technical analysis , it is seen that the price is literally stuck at $ 0.60. Unless the XRP price breaks the $ 0.60 resistance, it floats towards the support points below and the non-existent buying pressure fades away. The price of XRP is likely to decline to the level of 16522 SATS against Bitcoin, which equates to $ 0.45 against the US dollar.

The Fall of XRP Could Be Very Hard

In the technical analysis of the XRP price , it is seen that the main support points are very low at $ 0.28, $ 0.26 and $ 0.24. Resistance points are much closer to XRP price and are located at $ 0.78, $ 0.80 and $ 0.82.

XRP, which has recently been on the rise, fell to its previous point on December 16 due to the $ 0.60 resistance. Currently, the price of XRP seems to fluctuate between $ 0.54 and $ 0.60. If the XRP price breaks $ 0.60 and closes daily, it may cause $ 0.78 to be seen at a time.

The Ascension Can Be Fierce

The big green candle, which came with the bullish trend on November 24, tested the 61.8% Fibo point. If there is a break and the continuation of this candle, even the $ 0.78 level is not enough to stop XRP and a rise to the 1.618 Fibo point, or $ 1, can be experienced.

Looking at the 4-hour Ripple price chart, it is seen that the downtrend that emerged on December 15 is still effective. If Bitcoin's rise stops and altcoins take action, XRP will also reverse the trend. With the XRP price reversing the trend, its target is seen at $ 0.80 to $ 1.

Altcoin Rally To Begin, XRP To Reach $ 1, According To Master Analyst

A cryptocurrency analyst who predicted the major collapse of Bitcoin (BTC) at around $ 4,000 earlier this year says a major altcoin rally is approaching.

The anonymous analyst, known as il Capo Of Crypto, shared his predictions of Bitcoin 's market dominance to 29,000 Twitter followers . The analyst used the following statements:

“I think Bitcoin dominance will drop to 50% in the coming weeks. That means GREAT altcoin season. "

The analyst sees XRP as one of the main altcoins he is particularly considering. He says that the third largest cryptocurrency experienced a clean break in a symmetrical triangle that formed when it hit a last year's high of $ 0.76. In a few weeks, he predicts that XRP will be at $ 1.00 and experience a return to an all-time high when it breaks the historical resistance of $ 1.18.

The analyst's latest chart shows that XRP returned to its all-time high of $ 2.80 in May of next year.

The trader also continues the bullish sentiment in Bitcoin after the massive rally that hit an all-time high of $ 23,642.

"If BTC continues to follow this path, we will not see under $ 20,000 again."

In the short term, Capo believes BTC can fix the $ 22,000 low region before rising to $ 24,750.

XRP Coin Chart: With Ripple Price Increase, There Was An Explosion In Transaction Volume!

The rise in the price of Ripple has increased the transaction volume and thus the demand for XRP has also increased.

We wouldn't be wrong if we stated that XRP, the third largest cryptocurrency by market value, has revived as of yesterday. XRP, which started its own bull run with Bitcoin's (BTC) rally, is trading at $ 0.58 at the time of writing. However, it rose as high as $ 0.65 before XRP experienced a pullback.

Ripple Price Rising

According to the resulting tables, when the price of XRP rose from $ 20,000 to $ 23,800 a night, it was locked in the price of the leading cryptocurrency and Ripple went up with BTC. In addition to the price increase, Ripple's market value increased, just like Bitcoin, and rose to over $ 29 billion.

In addition to Ripple, there was an increase in almost all altcoins yesterday. However, XRP seems to have the best performance among the top ten cryptocurrencies, especially in terms of market volume. In addition, The Graph (GRT), which Binance and Coinbase listed at the same time, suddenly experienced a serious rise last night . As soon as the GRT was launched, it reached a total market value of $ 175 million, ahead of many cryptocurrencies.

Mixed Price Movements of XRP

In fact, when looking at the table for the last month, it is seen that Ripple did not draw a very clear picture and even has a mixed graphic. Ripple price, which was in the $ 0.27 band on November 15, almost took flight after the upward trend in the market and the Spark airdrop announcement, and the price saw $ 0.78 on November 24.

Then the Spark airdrop excitement faded and a new consolidation process began in the market. Interestingly, XRP declined at the same time as it rose. Although lows of $ 0.27 were not seen, there was a retracement to $ 0.43.

However, as we mentioned above, XRP has locked into BTC with the latest price movements and has started to rise. As XRP moves with Bitcon, it is currently thought that the price of Ripple will be determined by the movements of BTC.

Huge Increase in Ripple Transaction Volume

According to CoinMarketCap, during the recession period before the rally, the 24-hour trading volume of XRP was worth approximately $ 10 billion. However, after the rally, it is seen that this figure almost doubled to $ 19.2 billion. This shows that the demand for XRP has increased with the price movements in the market .

Nevertheless, it should be noted that the volume seen when XRP reached $ 0.78, the peak of 2020, was in the $ 33 billion band, and the current figure is well below this level.

XRP Price Analysis: The Uptrend Is Accelerating, What Are The Next Levels?

XRP has reduced its losses following Bitcoin's rise against the US Dollar. XRP price has gained 23% in the last 24 hours and is currently trading well above the $ 0.5500 resistance level. According to Aayush Jindal's technical analysis: 

XRP started a strong increase from the $ 0.4350 support zone against the US Dollar.

The price is currently trading well above $ 0.5200 and the 100 simple moving average (4 hours).

There was a break above a critical bearish channel with resistance near $ 0.5300 on the 4-hour chart of the XRP / USD pair (based on Kraken data).

The pair is gaining momentum and it seems the bulls are aiming to test the $ 0.6000 resistance zone.

XRP Price Gains Upward Acceleration

Yesterday, XRP price had a bad drop below $ 0.4500 and the price fell as low as $ 0.4352. But then began a new rise. As with Bitcoin , Ethereum and XRP also experienced a sharp rise.

Bulls took over the cryptocurrency market and XRP climbed above the $ 0.5000 resistance level. The upward move caused the price to rise more than 30%. During the rise, there was a break above a critical bearish channel with resistance near $ 0.5300 on the 4-hour chart of the XRP / USD pair.

The pair even surpassed the 50% Fib retracement level of the move from $ 0.5945 to $ 0.4350. It even rose above the $ 0.5500 resistance zone.

xrp price analysis what are the next levels for xrp experiencing a sharp rise?

It is currently trading near the $ 0.5700 resistance level and the 100 simple moving average (4 hours). It shows many positive signals. Instant resistance is near the $ 0.5890 level. This is near the 61.8% Fib retracement level of the move from $ 0.5945 to $ 0.4350.

A close above the $ 0.5890 level could set the pace of a steady upward move towards $ 0.6000 and $ 0.6120 in the near term.

Will XRP Fall?

If XRP starts a short-term downside correction, it could find support near the $ 0.5500 level. The first major support is near the $ 0.5400 levels where the bulls are likely to take a stand.

The main support is near the broken trend line or at $ 0.5200. Further losses could ease the current bullish pressure.

Technical Indicators

4-Hour MACD - The MACD for XRP / USD is gaining momentum in the bullish zone.

4-Hour RSI (Relative Strength Index) - The RSI for XRP / USD is currently well above the 50 level.

Major Support Levels - $ 0.5500, $ 0.5400 and $ 0.5200

Major Resistance Levels - $ 0.5800, $ 0.5890 and $ 0.6000

Ripple (XRP) Price Is Ready To Burst: Analyst Announces Target

MagicPoopCannon has announced its XRP price prediction.

Ripple (XRP), the third largest cryptocurrency by total market cap,   has managed to enter the green zone again after a sharp decline. Despite the positive news from the Ripple front, after the Flare Network airdrop program, investors were seen to lose hope. However, XRP price has returned to its previous levels with the rise of Bitcoin and is currently on the rise.

Will XRP Price Repeat Its Old Rise?

XRP has gained 20% in the last 24 hours and ended its journey, which started at $ 0.45, at $ 0.56. However, it is estimated that this rise may continue further. Crypto money analyst MagicPoopCannon emphasized in a statement on Twitter that the XRP price could explode if the market continues like this.

The analyst also commented on other cryptocurrencies in the top 10 in his post on Twitter. Stating that XRP is the only coin that has experienced a decline in the last 7 days, the analyst stated that it seemed negative at first, but the price could explode after reaching the 61.8% Fibonacci retracement point.

Target for XRP is $ 0.90

The level that MagicPoopCannon draws attention to is $ 0.90. The analyst stated that once this point is reached, the price may rise even higher and that is entirely market dependent. It is known that the price level that XRP investors have been waiting for is $ 0.90. In the continuation of this, if the final goal is $ 1, it can really start the XRP rally.

The rate of posts about XRP on Twitter has also increased by 152% since November 2020. In other words, although the price of XRP has decreased with the airdrop, which has lost its effect recently, its awareness in social media is increasing again. Taking into account that the price of XRP is also a cryptocurrency that is in direct proportion to the interaction on social media, the price may indeed rise to the analyzed levels soon.

Everyone Is Talking XRP On Social Media

According to data published by eToro, one of the leading crypto exchanges, the 30-day Twitter average indicates that the number of users talking about XRP has increased from 1,622 to 4,084 daily. Another factor that excited investors was the fact that XRP did not correlate much with the price of Bitcoin, but that it moved together and rose in this latest rally. Perhaps the rise in XRP price may even be an independent movement from Bitcoin.

Important XRP Disclosure From Ripple (XRP) And MoneyGram

MoneyGram CEO praised Ripple.

Ripple, one of the largest blockchain companies in the world, signed a partnership with MoneyGram, one of the world's largest in its field, in late 2019. MoneyGram, one of the largest remittance payment companies in the US and the world , received millions of dollars in payments through this partnership, most of which were made with XRP . Ripple has been criticized a lot for exactly this reason. But it seems that things have finally started to go the way XRP investors wanted.

Ripple Praise from MoneyGram CEO

MoneyGram CEO and President Alex Holmes, in an interview conducted recently drew attention to the important steps taken by MoneyGram Ripple's horse. Speaking to CNN, Alex Holmes stated that as the partnership was ending 18, the number of new online customers increased by 140% and application usage increased by 220%. In addition, the payment company said they had three-digit cross-border payment growth for 11 consecutive months.

When the popularity of MoneyGram and its money transfer application is combined with Ripple's blockchain-based infrastructure and XRP, such an outcome is definitely inevitable. The company emphasized that they have achieved growth even during the pandemic, and emphasized that the Ripple partnership benefits both them and Ripple.

The Number of Users is Continuously Increasing

Holmes emphasized that increasing demand from users is transmitted in real time and revenue is generated from them. In this way, the company both provides liquidity to Ripple and supports the growth of the partnership. In addition, the CEO of MoneyGram stated that the Ripple infrastructure of the two companies and the ODL corridors have seen a major activation. The ODL corridor, where billions of dollars of XRP was transferred, has grown a little bit more with the name of MoneyGram.

Stating that Ripple has accomplished incredible things thanks to blockchain technology, Holmes stated that this will develop further and the name of the company will be heard. Ripple, whose total valuation exceeded $ 10 billion last year, has already proven itself in the US. However, it is seen that the company has become one of the stars of its field on a global scale.

XRP Price Also Moved

Ripple's increasing success in its field could save its business model from being XRP-based. It is predicted that this will also prevent heavy XRP sales. XRP price, on the other hand, rose up to $ 0.56 thanks to the Bitcoin price increase as well as this positive development.

Big News from Information Technology Giant for XRP Owners!

big news from the information technology giant for xrp owners

 

According to the news of U.today, information technology giant IBM bought Canadian payment company Expertus Technologies Inc., which also offers cash management solutions. Expertus partnered with Ripple in 2016 . The company will now work as part of the IBM Global Business Services Unit.

Expertus, a cloud-based banking solutions provider, can process an average of $ 50 billion worth of transactions per day. These financial transactions are directed by more than 1000 financial institutions. 

IBM stated that the payment solution provided by Expertus will transform IBM's cloud-based payment system used by banks and other financial institutions, allowing users to remain innovative and competitive while demand from their customers grows stronger.

Expertus will allow IBM to reduce payment costs through its technology. According to data shared by IBM, banks currently allocate approximately $ 100 billion of their budgets to improve their payment systems with new technologies. 

Expertus Partners with Ripple

In 2016, Expertus partnered with Ripple to run blockchain-based payment solution trials for banks. As part of the trials, the new solution was integrated into the existing payment infrastructure used by financial institutions at the time. It also aimed to reduce the costs of financial transactions for banks.

The solution offered by Ripple and Expertus also aimed to increase liquidity management for financial institutions and corporate clients. Expertus Payment Platform's partnership with Ripple can enable FIs to offer their clients real-time payment execution, full transparency to fees, and lower cost.