14 hours ago · Following yesterday’s massacre, the cryptocurrency market has begun its Christmas recovery session. Bitcoin is getting towards $24,, currently trading less than $ from a new all-time high, while most altcoins have bounced off hard with impressive double-digit increases. Bitcoin . Dec 17, · Ripple trimmed its losses after bitcoin’s rally against the US Dollar. XRP price gained 30% and it is now trading well above the $ resistance level. Ripple started a strong increase from the $ support zone against the US dollar. The price is now trading well above $ and the simple moving average (4-hours). Dec 16, · Ripple Price Explodes By 15% Following Bitcoin's New All-Time High Ripple had a massive pump towards $ following the announcement of Spark’s airdrop. Unfortunately, after the event ended on.
Bitcoin market rippleBitcoin, THETA & Ripple - American Wrap: 12/16/ | Benzinga
Notably, the cryptocurrency asset manager Bitwise sold its XRP position within its crypto index. Despite the recovery, the coin is still down 1. If this area is cleared, the selling pressure will increase. Meanwhile, the technical indicators imply that the reversal may be underway. TD Sequential indicator is ready to send a buy signal in the form of a red eight candlestick on a hour timeframe.
XRP extended the sell-off on Thursday as cryptocurrency exchanges started to delist the coin following the lawsuit filed by the US Securities and Exchange Commission against Ripple and its top managers. If the regulator wins the legal battle, XRP will be officially considered security, meaning that all the trading platforms supporting the token will have to be registered as securities exchanges. Currently, several lesser-known trading platforms suspended XRP trading.
It seems two potential plans are forming, one which puts the delisting on Friday. Unclear which Coinbase products it will impact but most likely Coinbase and Pro. The issue is that these circulating supply caps aren't tangible like gold. This is to say that we can only mine the amount of gold found on planet Earth.
By comparison, programming is all that keeps bitcoin's virtual cap in place. A second but far more concerning issue for bitcoin , Ethereum, and Ripple is utility. Yet as of Monday, Nov. There's also zero guarantee that crypto tokens will be necessary. Brand-name financial service and technology companies are developing blockchain technology of their own that may be able to operate with fiat currencies, thus rendering arbitrary digital tokens obsolete.
The third big concern here is security. Although blockchain is designed to be more protective of users' digital assets, a number of large-scale token thefts have occurred over the past decade. The issue isn't so much that thieves are out to get your crypto tokens so much as that the Securities and Exchange Commission SEC can't do much to stop it or help those affected. With most crypto trading and payments occurring outside the U. I believe that what we're seeing in the crypto market is nothing more than sentiment-driven trading without any substance behind it.
More than a century of investing history has shown that investor sentiment is impossible to predict, and it can shift at the drop of a dime. It's happened before, and it's quite possible it could happen again. Investing Best Accounts. Stock Market Basics. Stock Market. Industries to Invest In. Getting Started. Could you be next big winner? Tony Spilotro I'm Tony Spilotro. Related Posts. Premium Partners. Top Brokers. Top Casinos. Top Sportsbooks. Press Releases. Newsletter Signup. Technical Analysis.