XRP (XRP) Reviews for January 2022

The long tail on Ripple's (XRP) Nov. 28 candlestick shows aggressive buying near the strong support at $0.85. The price has reached the psychological level at $1, which may now act as a resistance. If the price turns down from the current level, it will suggest that the bears have flipped the $1 level into resistance. The XRP/USDT pair could then drop to $0.85. A break and close below this level will signal the start of a deeper correction to $0.70. Alternatively, if the price rises above $1, the pair could rally to the 20-day EMA ($1.05). This level could again act as a stiff resistance but if bulls overcome this hurdle, the pair could rally to the 50-day SMA ($1.10).

Ripple to launch ‘Liquidity Hub’ for finance firms that want to offer crypto trading. The fintech firm wants to let its enterprise clients have access to cryptocurrencies through a new service called Liquidity Hub. Fintech firm Ripple has announced a new service aimed at finance companies that will allow them to offer cryptocurrency trading to customers. Ripple unveiled the Liquidity Hub service in a blog post on Tuesday, touting a “crypto-first future” in which every company will need to have a strategy for crypto assets. The new service will target its enterprise clients, giving them access to digital assets from a range of providers such as exchanges, market makers and over-the-counter trading desks. It is currently in the preview stage and will launch in 2022. Liquidity Hub will initially support Bitcoin (BTC), Ether (ETH), Litecoin (LTC), Ethereum Classic (ETC), Bitcoin Cash (BCH) and XRP with availability varying by geographical location, according to the announcement. The company plans to expand its crypto asset offerings and include other tokens, including nonfungible tokens, or NFTs, in the future. RippleNet general manager Asheesh Birla said that the company has been using this crypto sourcing technology to support its On-Demand Liquidity product for nearly two years. He added, “Our customers would want access to the same trusted one-stop-shop for buying, selling, and holding crypto assets that has powered our own extensive work with financial institutions.” America’s first licensed Bitcoin ATM company, Coinme, is the first partner for the alpha version of Liquidity Hub. Ripple is also delving deeper into decentralized finance, or DeFi, announcing plans to offer crypto staking and investment services. Birla added that it is only logical that clients will want the next generations of services after buying and holding Ether. On Saturday, Cointelegraph reported that Ripple will be supporting wrapped XRP (wXRP) on the Ethereum network, enabling holders of its native token to interact with DeFi protocols.The San Francisco-based fintech firm is still embroiled in an ongoing battle with the United States Securities and Exchange Commission. In the latest turn in the saga, Magistrate Judge Sarah Netburn has ordered the company to find and produce video and audio recordings of its internal meetings for evidence in the case. The financial regulator is suing Ripple and its executives for allegedly raising more than $1.3 billion through an unregistered securities offering.

Ripple (XRP) is stuck between the downtrend line and the $1 support as the bears are selling on rallies and bulls are buying on dips. The bulls tried to push the price above the downtrend line on Oct. 31 but the long wick on the candlestick shows selling at higher levels. The bears are attempting to sink the price below the moving averages as of Nov. 1. If that happens, the XRP/USDT pair could again drop to the strong support at $1. This is an important level to keep an eye on because a break below it may pull the price to $0.85. If bulls drive the price above the downtrend line, the pair could rally to the overhead resistance at $1.24. The flat moving averages and the RSI near the midpoint do not give a clear advantage either to the bulls or the bears.

Ripple (XRP) bounced off the 20-day EMA ($1.06) on Oct. 12 but the bulls are finding it difficult to sustain the price above the 50-day simple moving average ($1.08). This suggests a lack of buyers at higher levels. If bears sink and sustain the price below the 20-day EMA, the XRP/USDT pair could drop to the psychological support at $1. A break and close below this level could intensify selling and sink the pair to $0.85. Conversely, if the price rises from the current level, the bulls will make one more attempt to push the price above the overhead resistance at $1.24. If they manage to do that, the pair could rally to $1.41.

Ripple and Nelnet launch $44M fund for carbon-negative crypto industry. Ripple has contributed the majority of a $44-million fund to support solar energy projects across the United States. Blockchain payments firm Ripple has announced a $44-million environmental, social and governance (ESG) joint venture partnership with fintech provider Nelnet Renewable Energy to fund the adoption of environmentally conscious solar energy initiatives across the United States. According to the announcement, the new fund is expected to offset over 1.5 million tons of carbon dioxide over 35 years, equivalent to the energy usage of 180,635 homes for one annum. In March 2021, Nelnet Inc. received a commendable E1 ESG accreditation from the S&P Global Ratings evaluation board for the former’s $9.9-million solar tax equity fund. The project entails the financial backing to build four photovoltaic solar projects in Upstate New York. The evaluation was assessed across three parameters of environmental priorities: transparency, governance and mitigation, for which the project scored 88, 86 and 80, respectively, out of a maximum of 100.

Ripple (XRP) has repeatedly bounced off the 100-day SMA ($0.88) in the past few days, indicating that bulls are aggressively defending the support. The bulls will now try to push the price above the overhead resistance zone between the 20-day EMA ($1.02) and the 50-day SMA ($1.10). If they manage to do that, it will suggest that the correction could be over. The XRP/USDT pair could then rise to $1.41 where bears may again mount a stiff resistance. The downsloping 20-day EMA and the RSI in the negative zone indicate that bears are in control. If the price turns down from the 20-day EMA, the pair could drop to the 100-day SMA. If this level holds, the pair may remain stuck between the moving averages for a few days. The next leg of the down move could begin if bears sink and sustain the price below the 100-day SMA. That could clear the path for a possible drop to $0.69.

Ripple (XRP) plunged and closed below the Sept. 7 intraday low at $0.95 on Sept. 20, suggesting that supply exceeds demand. The moving averages have completed a bearish crossover and the RSI is in the negative zone, indicating that bears have the upper hand. The current relief rally is likely to hit a hurdle at the 20-day EMA ($1.06). If the price turns down from this resistance, it will indicate that traders continue to sell on rallies. The bears will then attempt to resume the down move. If the price slips below $0.85, the XRP/USDT pair could drop to the next support at $0.75. The bulls will have to push and sustain the price above the overhead resistance zone at $1.07 to $1.13 to indicate strength.

Ripple (XRP) is currently stuck between the moving averages. The failure of the bulls to push the price above the 20-day EMA ($1.13) has attracted profit-booking from short-term traders. The 20-day EMA has turned down and the RSI has dipped below 45, suggesting that bears have the upper hand. If sellers pull the price below the 50-day SMA ($1.03), the XRP/USDT pair could challenge the Sept. 7 intraday low at $0.95. A break and close below this support will suggest that the uptrend could be over. That may open the doors for a further slide to $0.75. This negative view will invalidate if the price bounces off the current level and rises above the 20-day EMA. The bulls will then try to push the price to the overhead resistance zone at $1.35 to $1.41.

Although bears successfully defended the 50-day SMA ($0.67) on July 26, they could not pull XRP back below the 20-day EMA ($0.62). This suggests that bulls are accumulating on dips. Sustained buying from the bulls today has pushed the XRP/USDT pair above the 50-day SMA for the first time since May 19. If buyers can clear the hurdle at $0.75, the pair will complete a double bottom pattern. This setup has a target objective at $1. The 20-day EMA is attempting to turn up and the RSI has risen above 62, indicating that the path of least resistance is to the upside. Contrary to this assumption, if the price turns down from $0.75, the bears will again try to sink the price below the 20-day EMA. If they succeed, the pair may extend its consolidation between $0.50 and $0.75 for a few more days.

XRP rose more than 30% on Monday amid positive news and overall growth in the crypto market. Foreign regulators have refused to help the US Securities and Exchange Commission (SEC) in the case against Ripple. The agency sent appeals after the company did not provide documents on the transfers of XRP tokens abroad. At the end of last week, the fourth cryptocurrency managed to hold above the iconic level of $ 1, from which there was a rebound.

XRP approached the $ 2 mark, but then began to decline, falling below $ 1.60. Meanwhile, the CTO of Ripple said it was time to seriously think about selling cryptocurrencies. XRP's rise comes despite Ripple's ongoing litigation with the US Securities and Exchange Commission (SEC). Despite a series of intermediate victories for Ripple, lawyers believe that it is too early to talk about the company's unconditional triumph over the regulator. Against the background of the fact that the Ripple company itself is experiencing a turning point in its history, its CTO David Schwartz recommended that cryptocurrency market participants seriously think about fixing part of the profits received in recent months from the sharp rise in crypto assets.

XRP soared in price by 91% over the week and is trading around $ 1.35 amid another success of lawyers in the fight against the SEC of Ripple. The continued growth of the S&P 500 is likely to support momentum for Bitcoin in the future, while overall, the benchmark cryptocurrency is at a critical juncture for the future prospects of the coin and the market as a whole. The acceptance of the asset by institutional players does not allow the market to slide into a correction.

When the ripple fell to $0.170 at the very end of December 2020 due to the claims of the Securities and Exchange Commission (SEC), many gave up on it. However, on April 7, at the high, the price of this altcoin reached $1.108, showing a 550% gain since the the year started. Its capitalization also grew during this time, rising from 1.40% to 2.42%. The reason for this rally, especially in the last week, was the news that ripple's lawyers have gained access to the SEC documents and are making serious progress in litigation with this powerful regulator.

The star of the latest episode of the altcoin rally was the XRP token. As negative prospects drew the coin in recent months after the start of the lawsuit with the SEC, the rebound of the token has become just as widespread after the news that Ripple lawyers are still achieving success in the confrontation with the SEC. Lawyers secured the right to gain access to SEC documents, in which BTC and ETH were identified as “assets”. The XRP token also came under the pressure of correction, losing 5% per day, but it is close to $ 1, which was very difficult to imagine in the recent past.

If market participants get a hint of a favorable outcome for Ripple, XRP is likely to not only return to its 2018 peak, but also update all-time highs. XRP has had many investors who bought the token above $ 1, and even above $ 3. On the basis of a combination of factors, the coin is rather moving towards a likely negative scenario. The more they want to sell it with as little losses as possible, and the higher the chances of seeing serious speculative impulses.

XRP continued to rise, breaking the psychologically important $ 1 level and testing the $ 1.10 mark. Growth in two days of the rally is about 70%. XRP traded at these levels in February 2018. The cryptocurrency rose to fourth place in CoinGecko's ranking in terms of capitalization, displacing Polkadot and Tether (USDT). The capitalization of the asset has exceeded $ 48 billion. XRP is showing growth amid rumors about the token's releasing on a number of exchanges, including Coinbase. Jumps of tens of percent a day have already occurred in the XRP market during bullish phases in the past. Recent movements have revived optimism: traders are beginning to remember memes, for example, that XRP is the “standard” of the cryptocurrency market, and to reach the $ 589 target, it must rise in price only 589 times.

XRP has had many investors who bought the coin above $ 1, and even above $ 3. On the basis of a combination of factors, the coin is rather moving towards a likely negative scenario. The more they want to sell it with as little losses as possible, and the higher the chances of seeing serious speculative impulses.

XRP climbed to sixth place in CoinGecko's ranking in terms of capitalization, pushing Cardano to seventh place. The capitalization of the token exceeded $ 41 billion. The capitalization of the cryptocurrency market on April 5 for the first time in history exceeded $ 2 trillion against the backdrop of the growth of alternative cryptocurrencies. XRP was in the lead in the top ten cryptocurrencies, having risen in price by one and a half times for no apparent reason. On the XRP chart, an inverted head and shoulders pattern has formed with a head at 20 cents, shoulders at 40 and a neck-resistance at 70. It can be expected that further development of the pattern will lead the XRP price to $ 1 or even $ 1.3.

Rumors are spreading in the XRP community that the largest US cryptocurrency exchange Coinbase is about to re-add XRP to its platform. After the start of the proceedings and amid its own planned entry into the stock market, Coinbase stopped trading in XRP, but still allows you to store and transfer tokens. XRP has had many investors who bought the coin above $ 1, and even above $ 3. On the basis of a combination of factors, the coin is rather moving towards a likely negative scenario. The more they want to sell it with as little losses as possible, and the higher the chances of seeing serious speculative impulses. Judging by the unsuccessful attempt to pump XRP after the wave with Reddit, there are significantly more sellers of the coin, and fewer investors seriously believe in the successful outcome of the lawsuit from the SEC.

XRP (Ripple) on Saturday tested highs since February 22 around $ 0.64. In March, the token added 35%, and since the beginning of the month, it has added about 8% more. XRP has nearly tripled since the beginning of the year and is now worth more than it was before the SEC filed a lawsuit against Ripple. One of the reasons may be the general rise in the cryptocurrency market. XRP, although it retains a capitalization of about $ 29 billion, now occupies only the seventh line in the list of the largest cryptoassets, while before these events it was the third.