This Ripple Chart Screams Buy – Will XRP Defy the Altcoin Apocalypse? – CCN Markets

This Buy – Will Defy the Altcoin Apocalypse?  CCN MarketsThe Ripple is a screaming buy, according to market analyst Naeem Aslam. But should investors tread with caution when it comes to ?
Source: worldnewsoffice
This Ripple Chart Screams Buy – Will XRP Defy the Altcoin Apocalypse? – CCN Markets

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Ripple to Give Away 1 Billion XRP in Massive Bid to Fund Online Content

is making a major investment in Coil, a media platform that pays content creators .
Source: worldnewsoffice
Ripple to Give Away 1 Billion XRP in Massive Bid to Fund Online Content

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

  • 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 of the /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 price must stay above the $0.2500 support area to continue its upside.

Ripple Price Analysis

Yesterday, there was a strong decline in Ethereum, bitcoin and ripple price against the US Dollar. The XRP/USD pair declined sharply below the $0.2800 and $0.2500 support levels. Finally, the price settled below the 100 hourly simple moving average and a swing low was formed at $0.2336. Recently, the price started a decent recovery and climbed above the $0.2400 and $0.2500 levels.

Moreover, there was a break above the 23.6% Fib retracement level of the downward move from the $0.3088 swing high to $0.2336 swing low. However, the price is facing a strong resistance near the $0.2650 and $0.2700 levels. More importantly, the 50% Fib retracement level of the downward move from the $0.3088 swing high to $0.2336 swing low is acting as a hurdle.

At the moment, there is a major contracting triangle pattern is forming with resistance near $0.2670 on the hourly chart of the XRP/USD pair. If there is an upside break above the $0.2670 and $0.2700 resistances, ripple price could continue to recover. The next key resistance is near the $0.2850 level and the 100 hourly SMA. If there are more gains, the price could test the $0.3000 resistance area.

Conversely, if there is a bearish break below the $0.2550 and $0.2500 support levels, the price could resume its decline. An immediate support below $0.2500 is near $0.2400. If the price fails to stay above $0.2400 or $0.2350, there could be a sharp drop towards the $0.2200 support area.

Ripple Price Analysis XRP Chart

Looking at the chart, ripple price is facing an uphill task near the $0.2650 and $0.2700 levels. However, the current price action suggests that the price might climb higher towards $0.2800 and $0.2850. If not, there is a risk of another strong decline below the $0.2500 support area in the near term.

Technical Indicators

Hourly MACD – The MACD for XRP/USD is slowly moving back into the bearish zone.

Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is currently moving lower towards the 40 level.

Major Support Levels – $0.2550, $0.2500 and $0.2400.

Major Resistance Levels – $0.2670, $0.2700 and $0.2800.

The post Ripple Price (XRP) Showing Recovery Signs, Bitcoin Back Above $10.2K appeared first on NewsBTC.


Source: newsbtc
Ripple Price (XRP) Showing Recovery Signs, Bitcoin Back Above .2K

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Ripple Giveaway: 1 Billion XRP For New Payment Processing Startup

ripple giveaway


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is now starting in a bid to pump into the growing startup ecosystem despite the legal battles that is unregistered security. In today’s coming altcoin news we dig a little deeper to find out what exactly is going on.

According to the latest announcement on Thursday, Ripple’s investment arm participated in the $4 million seed round for the in-browser payment startup Coil which was spearheaded by the ex-Ripple CEO Stefan Thomas. announced that it will start a Ripple giveaway of 1 XRP grant to Coil in order to help it build a community of ‘’creators, consumer and strategic partners’’ according to the press release. The XRP granted to the Coil startup come straight from the balance sheet of Ripple’s XRP according to Ethan Beard who is the vice president of Xpring. The funding was initiated by an ambitious growth plan for Coil including the $20 million investment in the photo-sharing platform Imgur and into the Cinnamon startup as well.

The Coil platform now allows its subscribers to pay up to $5 a month so when a certain user consumes content from a compatible website, the content creators automatically receive XRP payments or fiat bank transfers via dollars. One musician Riley Q also stated that she earned more than $3,400 worth of XRP so far by saying that:

“There weren’t any artists on the platform yet and I saw it as an incredible opportunity to get in early. There’s not many untapped markets, but I managed to find one. I’m super excited for the future of crypto, Coil, and the music industry as a whole.”

Thomas also noted that some of the top creators are earning thousands of dollars a month thanks to this platform. Coil relies on the Interledger protocol which Tomas says that it will eventually support cash-out options for other cryptocurrencies:

 “Our dream is that you get one subscription and can browse the whole web and support the creators you enjoy without ads or paywalls.”

The CEO Thomas believes that Coil is running a Booster program that will pay XRP grants to top clients with top content on the media platform as reported in the latest cryptocurrency news.

The post Ripple Giveaway: 1 Billion XRP For New Payment Processing Startup appeared first on DC Forecasts – Leading Digital Currencies.


Source: dcforecasts
Ripple Giveaway: 1 Billion XRP For New Payment Processing Startup

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Ripple to Invest 1 Billion XRP to Fund Online Content

Ripple

Over the past few years, plenty of cryptocurrencies have come to the fore due to the example set by Bitcoin and one of the most interesting cryptocurrencies to have emerged during that time is , which is backed by San Francisco-based . It is the third biggest cryptocurrency in the world by market cap, and over the course of the past few years, has been working tirelessly to create an entire ecosystem powered by XRP.

On Thursday, the company announced that it is going to $4 million in Coil, a payment processing system that …

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Source: cryptocurrencynews
Ripple to Invest 1 Billion XRP to Fund Online Content

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Ripple Giving Away 1 Billion XRP To Promote Web Monetization Platform Coil

’s is 1 to promote the web monetization platform Coil. On Aug 15, Coil announced a 1 XRP grant from ’s ecosystem initiative that collaborates with blockchain projects to increase the adoption of XRP. Founded in 2018 by Stefan Thomas, former CTO of , Coil is dedicated to web […]
Source: bitcoinexchangeguide
Ripple Giving Away 1 Billion XRP To Promote Web Monetization Platform Coil

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Ripple Disburses One Billion XRP To Online Content Startup Coil

Ripple's XRP Listing on Coinbase Settles the Issue of XRP Being a Security

Ripple has announced plans to expend over $260 million in to content monetization platform Coil, a content monetization firm. ’s investment arm Xpring reportedly participated in a $4 million round for the startup. According to a press release, Ripple’s donation is for establishing a community of “creators, consumers and strategic partners,” 

Coil already provides a platform for content creators such as musicians to share content and receive payment for content used by consumers. Some content creators have already started earning compensation in US Dollars or the XRP equivalent.

“Our dream is that you get one subscription and can browse the whole web and support the creators you enjoy without ads or paywalls,” Ripple CTO Stefan Thomas said.

Ripple Diversifying?

Although Ripple has become a major player in the cross-border remittance industry, its native token XRP has not done well in the market. Its has not made any significant progress so far, it has been stagnant at best. Could the Coil investment be a step towards diversifying Ripple’s investment since XRP’s performance isn’t very impressive?

The company seems to be serious about expanding as the Senior Vice President in charge of , Ethan Beard said Ripple has not placed any limit on how much to in the startup. Xpring had earlier partnered with gaming startup, Forte to create an ecosystem that supports game developers. The partnership involved Ripple providing $100 million while Forte provided the technical expertise. These are just a few of the investment partnerships Ripple has gotten in.

XRP Still Sinking

Despite the partnerships and the most recent announcement, XRP is still in a dip like every other cryptocurrency. At the time of writing this article, it has lost 6.78% in the last 24 hours. The third-largest cryptocurrency entered the month of August trading at $0.3 but has since declined to $0.26 today.

XRP may eventually pick up and see a real price growth as it continues to see more adoption in other sectors other than remittance settlement.

The post Ripple Disburses One Billion XRP To Online Content Startup Coil appeared first on ZyCrypto.


Source: zycrypto
Ripple Disburses One Billion XRP To Online Content Startup Coil

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Ripple’s Swell 2019 Update: Former IMF Chief Economist And Governor Of India’s Central Bank Announced As Keynote Speaker

’s 2019 event is getting ready to be started in November on 7th and 8th. The event is known for bringing together the trusted voice across financial services, payments, technology, and policy to share what’s unfolding in global payments. In this two-day event, topics to be covered are emerging big tech in payments, global […]
Source: bitcoinexchangeguide
Ripple’s Swell 2019 Update: Former IMF Chief Economist And Governor Of India’s Central Bank Announced As Keynote Speaker

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

’s 1 grant to Coil, a platform run by former CTO


Source: cointelegraph
Ripple’s Xpring Gives 5 Million in XRP to Content Platform Coil

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Ripple Needs To Keep ‘Manipulating’ The Price Of XRP To Prevent It Crashing To $0.02, Peter Brandt Opines

Binance Ready to Open Trading of Two Pairs Using Ripple XRP as the Quote Currency

Peter Brandt, a professional crypto trader, has called on XRP’s doomsday. According to Brandt in a tweet on August 14, 2019, if fails to trade above $0.24, then nothing is stopping it from sinking to $0.020725. On the other hand, loyal holders of , the third-largest asset by market cap have spit fire and brimstone at Brandt for making such a bold call.

Peter Brandt Asks If Ripple Can Continue to Manipulate XRP

Peter Brandt recently asked if Ripple, the blockchain company backing XRP will be able to “manipulate” the asset’s , as usual, to keep it trading above $0.24. The crypto enthusiasts outlined that if Ripple fails to do so, then XRP will break further down to $0.020725; a range it was valued at in April 2017.

When asked by one of his thousands of followers why he believes Ripple is manipulative, Brandt said the blockchain company had influenced XRP’s price from day one. Specifically, Ripple allegedly kept distributing more XRP in the market in a systematic pattern in a bid to maintain its support.

In Brandt’s own words:

“The pattern for many, many months have shown the distribution of XRP by Ripple — it has manipulated the price to hold support. But if support way Ripple will be forced to dump in a major way.”

XRP Community Comes to Ripple’s Defense

On the other hand, the XRP community was not quick to agree with the professional trader. According to them, Brandt is certainly wrong this time, and it wouldn’t be the first time he is. Another said Ripple has never purchased XRP in a bid to manipulate its price; instead, it distributes the cryptocurrency in a way that promotes the ecosystem’s growth.

One more member of the crypto space who made comments on Brandt’s tweet is Sir Gordon Gekko, CEO of Sir Gekko Capital Holdings. Sir Gordon Gekko asked Brandt how much he and Tone Vays, a YouTube content creator were paid to make bearish tweets about XRP.

Vays, on the other hand, had stated that the U.S. Securities and Exchange Commission (SEC) is coming for Ripple with Thor’s hammer. Vays’ comment was made in reference to a recent lawsuit against Ripple from members of the public that it had issued XRP as an unregistered security. The plaintiffs also claim Ripple had falsely advertised XRP upon its introduction to the market.

The post Ripple Needs To Keep ‘Manipulating’ The Price Of XRP To Prevent It Crashing To $0.02, Peter Brandt Opines appeared first on ZyCrypto.


Source: zycrypto
Ripple Needs To Keep ‘Manipulating’ The Price Of XRP To Prevent It Crashing To {$permalink}.02, Peter Brandt Opines

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