Ripple CTO says community could force the company to burn 48 billion XRP

Ripple chief technology officer David Schwartz has admitted the company could be forced by validators to burn its 48 billion XRP tokens, regardless of if it agrees with the decision or not. The company currently holds half the total XRP supply and has come under fire from the community for selling off tokens in the past, although it resolutely refuted claims of price manipulation and has stopped the practice in recent times. In a Twitter thread, Schwartz confirmed that the community could vote for Ripple to burn their entire supply…

XRP Likely to Explode to $0.75 as Market-Wide Momentum Returns

XRP has been facing some intense turbulence throughout the past few weeks, but the cryptocurrency is now facing some intense consolidation as analysts await more insights into where the rest of the market will trend in the days and weeks ahead. The resistance that the cryptocurrency faces within the mid-to-upper $0.60 region is quite intense and may continue hampering its price action in the near-term. Until there’s a second wave of buying pressure that causes “legacy altcoins” like XRP to rally higher, the cryptocurrency may continue extending this bout of…

Trader Claims XRP is Poised to Rip to $1.00 as Airdrop Hype Mounts

XRP has been caught within a tight consolidation pattern throughout the past few days, with its recent parabolic rally slowing down as bulls struggle to break above the resistance in the upper-$0.60 region. The recent rally seen by the cryptocurrency came about after it broke above a long-held trading range between $0.20 and $0.30 that persisted for multiple years. One trend that gave the crypto room to rally was the fact that Ripple – the company that is closely associated with the XRP token – stopped offloading their holdings each…

XRP Prepares for Another Leg Up, Bulls Target $1

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Ripple’s XRP sees explosive 1,151% trading volume spike in November

Month-over-month, XRP saw a 1,151% surge in trading activity in November on the eToro investment trading platform, according to the company’s latest report. This comes as XRP price rallied to $0.92 on Coinbase at its monthly peak and closing the month with a 283% gain at around $0.61. Top 10 traded cryptoassets Source: eToro  Spike in retail interest, trading activity Bitcoin (BTC) was nearing $19,000 for the first time since December 2017 when large market cap altcoins like XRP started to surge in November. XRP/USD daily chart (Coinbase). Source: TradingView.com The…

Ripple (XRP) is Facing Uphill Task Near $0.63 and 100 SMA

Ripple started a fresh decline after it failed to clear the $0.6800 resistance against the US Dollar. XRP price is showing bearish signs below the 100 hourly SMA and facing many hurdles. Ripple started a sharp downside correction from the $0.6800 resistance against the US dollar. The price is now trading below the $0.6250 support and the 100 hourly simple moving average. There was a break below a major bullish trend line with support near $0.6460 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair…

XRP price now eyeing $1.00 after key support level holds, BTC price soars

While Bitcoin (BTC) is facing a potential new all-time high, other coins are showing strength as well. One of those coins is XRP, which has been going vertical in the previous weeks.  XRP’s price surged from $0.22 to a high of $0.78 during the month of November, which immediately ended up in a massive correction towards $0.45. Let’s take a look at the XRP price charts to determine whether this was an entry opportunity before the next leg up. The crucial zone around $0.45 holds as support XRP/USDT 1-day chart.…