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Topics - Cinno3

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106

Ripple News & Updates / Ripple (XRP) At Risk of Sharp Decline, As Double Top Pattern Emerges

« on: October 22, 2020, 10:17:48 AM »

Ripple spiked higher and retested the key $0.2550 resistance area against the US Dollar. XRP price failed to break $0.2550 and it is now showing bearish signs below $0.2450. Ripple Price is Likely Forming a Double Top Pattern
This week, we saw a recovery wave in bitcoin, Ethereum, and ripple. XRP price broke the $0.2450 and $0.2550 resistance levels. The price even spiked above the $0.2520 level and settled above the 100 simple moving average (4-hours).

However, the price failed to the last key barrier at $0.2550. It seems like a double top pattern is forming near the $0.2550 level. Ripple is now trading well below the $0.2450 support and the 100 simple moving average (4-hours).
More: https://www.newsbtc.com/news/ripple/ripple-xrp-at-risk-of-sharp-decline/

107

Ripple News & Updates / XRP Enters Key Accumulation Zone as Analysts Eye Move to $0.28

« on: October 22, 2020, 10:12:42 AM »

XRP’s price action has been rather lackluster as of late, with both buyers and sellers being unable to garner clear control over its near-term trend as it hovers within the mid-$0.20 region.

This consolidation has largely come about as a result of that seen by Bitcoin, as the benchmark cryptocurrency has also been struggling to gain any clear momentum as its price oscillates between lows of $10,200 and highs of $11,200.

Because XRP has been moving in close tandem with BTC and the rest of the market, where it trends next will likely depend largely on whether or not the entire market is able to recapture its bullish momentum.
More: https://www.newsbtc.com/analysis/xrp-enters-key-accumulation-zone-as-analysts-eye-move-to-0-28/

108

Ripple News & Updates / Weekly Cloud Indicator: XRP May Rain Down Pain On Ripple Investors

« on: October 22, 2020, 10:03:51 AM »

Weeks ago, XRP outperformed the rest of the market, surprising Ripple investors and other crypto holders alike. A recovery looked to be in full effect, but the altcoin has since fallen back to the bottom of weekly cloud support where bulls are trying to hold.

If the cryptocurrency loses cloud support on weekly timeframes, it could rain down a storm of pain on XRP investors who have already sustained so much frustration in the last few years.
More: https://www.newsbtc.com/news/ripple/xrp-weekly-cloud-could-rain-down-pain-on-ripple-investors/

109

Ripple News & Updates / Ripple (XRP) Price Plunges to $0.22: Can Bulls Save This Key Support?

« on: October 22, 2020, 10:00:20 AM »

Ripple is down 5% and it broke the key $0.2300 support zone against the US Dollar. XRP price tested the next major support at $0.2200 and it is currently struggling to recover higher. Ripple Price Testing Key Support
Yesterday, we discussed the chances of a sharp decline in ripple below $0.2300. XRP price failed to recover above the $0.2400 resistance and started a fresh decline below the key $0.2300 support level.

It declined 5% and traded below the $0.2250 support. It even spiked below $0.2200 and settled well below the 100 hourly simple moving average. A new weekly low is formed near the $0.2195 level and the price is now consolidating losses.
More: https://www.newsbtc.com/news/ripple/ripple-xrp-price-plunges-to-022/

110

Ripple News & Updates / This XRP Fractal Predicts Ethereum Could Soon Swing Back Above $400

« on: October 22, 2020, 09:56:47 AM »

Following legacy markets, Ethereum and XRP have undergone strong corrections over the past week. According to an analyst, though, the price of ETH could soon undergo a bullish recovery above $400.

This comes as analysts have affirmed that ETH’s fundamentals are more bullish than ever. These fundamentals include persistent development in decentralized finance and development in scaling solutions like ETH2.
More: https://www.newsbtc.com/news/ethereum/this-xrp-fractal-predicts-ethereum-could-soon-swing-back-above-400/

111

Ripple News & Updates / Ripple (XRP) Near Crucial Juncture: Here’s Why It Could Decline Sharply

« on: October 22, 2020, 09:52:07 AM »

Ripple failed to extend gains above $0.2580 and declined sharply against the US Dollar. XRP price is likely to decline heavily if it breaks the key $0.2300 support zone. Ripple Price is Testing Important Support
This week, we saw a fresh decline in bitcoin, Ethereum, and ripple. XRP price failed to stay above the $0.2500 and $0.2450 support levels, and moved into a bearish zone.

There was a sharp decline after there was a close below the $0.2440 support and 100 simple moving average (4-hours). More importantly, there was a break below a crucial bullish trend line with support near $0.2440 on the 4-hours chart of the XRP/USD pair.
More: https://www.newsbtc.com/news/ripple/ripple-xrp-near-crucial-juncture/

112

Ripple News & Updates / Ripple (XRP) Price Turns Red: Indicators Suggest Upsides Likely To Remain Capped

« on: October 22, 2020, 09:45:40 AM »

Ripple is down 5% and it broke the key $0.2380 support zone against the US Dollar. XRP price is currently consolidating losses and upsides are likely to remain capped. Ripple Price Dives 5%
After a failed attempt to clear the $0.2500 resistance, ripple started a fresh decline. XRP price broke the $0.2440 and $0.2420 support levels to move into a bearish zone.

The decline gained pace below a major declining channel with support near $0.2415 on the hourly chart of the XRP/USD pair. The pair is down 5% and it is now trading well below the 100 hourly simple moving average.
More: https://www.newsbtc.com/news/ripple/ripple-xrp-price-turns-red/

113

Bitcoin News & Updates / Square allocates one percent of its total assets to Bitcoin

« on: October 09, 2020, 08:38:44 PM »

Square Inc. has announced today that it has purchased 4,709 BTC for approximately $50 million, allocating around 1 percent of its total assets as of Q2 2020 to Bitcoin. The payments company, founded by Twitter’s CEO Jack Dorsey, said that it intends to participate in growing Bitcoin’s adoption.

CashApp’s parent company Square invests $50 million in Bitcoin
Square, a payments company founded by Twitter CEO Jack Dorsey, has announced today that it has purchased approximately 4,709 bitcoins. In an announcement published on its official website, the company said that the bitcoins were acquired at an aggregate purchase price of $50 million.
More: https://cryptoslate.com/square-allocates-one-percent-of-its-total-assets-to-bitcoin/

114

Bitcoin News & Updates / Billionaire investor Chamath Palihapitiya doubles down on Bitcoin in CNBC interv

« on: October 09, 2020, 08:35:32 PM »

Chamath Palihapitiya has become one of the most prominent investors of the past few years due to his use of special-purpose acquisition companies (SPACs). He made headlines when he brought Richard Branson’s Virgin Galactic public through a SPAC.

While a pioneer in venture investing, he’s also big on Bitcoin.

He, alongside a few partners, was rumored to have owned five percent of all BTC in circulation in 2012, meaning they likely held somewhere around 300,000 coins. No comments have been made about what happened to those coins, and it’s unclear if that Bitcoin is a part of his personal holdings or that of his massive venture fund Social Capital.
More: https://cryptoslate.com/billionaire-investor-chamath-palihapitiya-doubles-down-on-bitcoin-in-cnbc-interview/

115

Bitcoin News & Updates / New Bitcoin addresses shoot “off the charts” despite price drop

« on: October 09, 2020, 08:32:35 PM »

Bitcoin’s price action has been tepid at best over the past few weeks due to a confluence of fundamental trends.

To read the rest of this article, join CryptoSlate Edge. Have an account? Sign In.
More: https://cryptoslate.com/new-bitcoin-addresses-shoot-off-the-charts-despite-price-drop/

116

Bitcoin News & Updates / Expanding Bitcoin’s DeFi: RSK & RIF integrate DAI

« on: October 09, 2020, 08:28:42 PM »

The RSK Infrastructure Framework (RIF) #DevelopmentTeam has now successfully used the RSK-Ethereum token interoperability bridge to expand DeFi capability on the RSK network. The bridge was launched early this year.

The TOB-audited interoperability bridge works by locking DAI in Ethereum and simultaneously minting an interoperable ERC-777 token that can “move freely” in the RSK network. In this arrangement, there is token interoperability. At the same time, the supply of DAI remains unaffected in the base layer.
More: https://cryptoslate.com/expanding-bitcoins-defi-rsk-rif-integrate-dai/

117

Bitcoin News & Updates / US SEC charges and arrests John McAfee after $23 million in illegal Bitcoin, ICO

« on: October 09, 2020, 08:25:23 PM »

The US Securities and Exchange Commission (SEC) filed a suit against cybersecurity entrepreneur John McAfee for his alleged role in manipulating cryptocurrency prices using his social media influence.

“From at least November 2017 through February 2018, McAfee leveraged his fame to make more than $23.1 million U.S. Dollars (‘USD’) in undisclosed compensation by recommending at least seven “initial coin offerings” or ICOs to his Twitter followers,” the court document read.

As per reports, McAfee was arrested in Spain on Monday night and is currently facing extradition to the US.
More: https://cryptoslate.com/us-sec-arrests-john-mcafee-after-23-million-in-illegal-bitcoin-ico-gains/

118

Bitcoin News & Updates / $1.5 billion worth of Bitcoin from Mt. Gox hack might spook crypto markets

« on: October 09, 2020, 08:22:00 PM »

Victims of the infamous Mt Gox hack in 2014 are set to receive a record 150,000 Bitcoin reimbursement in the coming months.

More: https://cryptoslate.com/1-5-billion-worth-of-bitcoin-from-mt-gox-hack-might-spook-crypto-markets/

119

Bitcoin News & Updates / U.K. politician doubles down on Bitcoin despite anti-crypto stance of BOE govern

« on: October 09, 2020, 08:19:41 PM »

Despite Bitcoin trading far below its previous all-time high of $20,000, there are more prominent investors, celebrities, and politicians adopting the cryptocurrency than ever before.

This much was made clear when Godfrey Bloom, a U.K. politician that is also an economist of the Austrian school, announced this week that he has purchased Bitcoin, adding to his investments in precious metals.
More: https://cryptoslate.com/u-k-politician-doubles-down-on-bitcoin-despite-anti-crypto-stance-of-boe-governor/

120

Ethereum News & Updates / Crypto infrastructure “far from” scale needed to support $1t Bitcoin or Ethereum

« on: October 09, 2020, 08:10:42 PM »

Bitcoin, Ethereum, and altcoins have seen rapid growth this year. BTC in and of itself was up nearly 100 percent just weeks ago while certain altcoins have surged literally thousands of percent.

This trajectory has made many analysts and fund managers in the space confident that cryptocurrencies will start nearing $1 trillion market capitalizations.

As reported by CryptoSlate previously, DTC Capital’s Spencer Noon commented on the path of the industry:
More: https://cryptoslate.com/crypto-infrastructure-far-from-scale-needed-to-support-1t-bitcoin-or-ethereum/