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There’s been a lot of action in the world of cryptocurrencies over the last 12 months and a myriad of metrics have changed. A recent report from forexsuggest.com shows that dogecoin fees saw the largest increase since January 1, 2021, jumping 4,230% in a year. Ethereum’s transaction fees were the most expensive at the end of 2021, as the average transfer fee was $52.45 per transaction.
Dogecoin, XRP, Blackcoin Saw the Highest Transfer Fee Rises in 12 Months
Digital currencies saw significant growth last year in terms of value and onchain data. The average cryptocurrency transaction fees in 2021 changed a great deal as well. A study published by forexsuggest.com highlights 15 different crypto assets in order to compare average fees and the growth over 12 months. Some of the assets chosen were relatively unknown and older cryptos such as feathercoin (FTC) and blackcoin (BLK).
According to the researchers, dogecoin (DOGE) saw the largest fee increase in the year, spiking 4,230% from $0.01 per transfer to $0.433. Xrp (XRP) saw the second-largest increase in 12 months jumping 3,810% from $0.000166 to $0.00649 per transfer.

The third biggest increase over the last 12 months was blackcoin (BLK), with transfer fees increasing 1,886% from $0.00000442 to $0.0000878 per transaction. The most expensive transaction fees occurred on the Ethereum (ETH) network, and ETH was also the fourth largest gainer in terms of 12-month fee increases.
ETH transfer fees jumped 1,459% from $3.36 to $52.45 per transaction. The fifth-largest jump in fees stemmed from the Zcash (ZEC) network, as ZEC fees increased 806% in 12 months. ZEC fees on January 1, 2021, were around $0.00000406 and at the end of the year, ZEC transfer fees were $0.0000368.

Feathercoin, Monero, Bitcoin Fees Drop
Forexsuggest.com’s study shows three crypto assets that saw 12-month network fee decreases. Feathercoin (FTC) saw a 51% decrease in transfer fees, and monero (XMR) saw its transaction fees drop by 29%. Bitcoin (BTC) fees shed 26% during the course of the 12-month span.

FTC’s transfer fees on January 1, 2021, were $0.000194 and at the end of the 12-month cycle, FTC fees were $0.0000955. Bitcoin’s transfer fees were $5.55 per transaction at the start of the 12-month time span and at the end, data indicates BTC fees were $4.09 per transfer. The study’s researchers leveraged fee data sources from ycharts.com and bitinfocharts.com, and collected the metrics on the 1st day of every month last year.
Cryptocurrencies that offer transaction fees that are around a U.S. penny or less include dash (DASH) $0.0173, bitcoin cash (BCH) $0.00851, xrp (XRP) $0.00649, bitcoin gold (BTG) $0.00545, and ethereum classic (ETC) $0.0039.
Below ethereum’s $52.45 per transaction fee were bitcoin fees, followed by binance coin (BNB) at $0.562 per transfer as far as the most expensive transfer fees were concerned. Litecoin (LTC) fees recorded at the end of last year were around $0.0278 per transaction.
What do you think about the crypto transfer fee increases last year? Let us know what you think about this subject in the comments section below.



























There&#x2019;s been a lot of action in the world of cryptocurrencies over the last 12 months and a myriad of metrics have changed. A recent report from forexsuggest.com shows that dogecoin fees saw the largest increase since January 1, 2021, jumping 4,230% in a year. Ethereum&#x2019;s transaction...

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Study Shows Dogecoin, XRP Saw Largest Network Fee Increases Last Year

In the past week, as most of the crypto coins have traded sideways, Cardano’s ADA token has shown a surge in its trajectory. Often regarded as Ethereum’s nemesis, ADA rose by 30% in the last seven days, while coins like Bitcoin, Ether, Solana, and XRP just rose by less than 5%, according to independent cryptocurrency data aggregator CoinGecko.

#cardano $ada is the number two blockchain in transaction volume in the last 24 hours https://t.co/HaCzkGSnZL
— Lark Davis (@TheCryptoLark) January 17, 2022

Ups and Downs in Cardano [ADA]
There was a time when Cardano neared $100 billion in market value and was the third biggest cryptocurrency on the market after Bitcoin and Ether. However, the coin dropped its value and even with its current stance, it is about 50% below its early September record.
Along with a huge fan base, the coin also has de-tractors. As reported by Al Jazeera, Antoni Trenchev, managing partner of Nexo (world’s most advanced, regulated digital assets institution offering crypto loans) said,
“ADA’s critics say there’s too much talk and not enough action.”
Cardano’s position as Ethereum’s nemesis was somewhat usurped in 2021 by the rise of rival blockchains Solana and Avalanche, but clearly, there’s a passionate community eager for it  to succeed, otherwise, it wouldn’t be a top-five crypto.”
Is Gas Fees An Issue for Cardano?
Cardano ADA’s 24-hour transaction volume was at $5.31 billion with a collected gas fee at $75,400. A gas fee is a payment made by users to compensate for the computing energy required to process transactions. Meanwhile, Ethereum’s transaction volume was at $5.59 billion and the collected gas fee was at $44 million over that same period.
As reported by Al Jazeera, Hayden Hughes, chief executive officer of Alpha Impact (a social media platform for crypto traders) said,
“One could quite easily argue that NFT market has found a gas-light way to transact, and that is the Cardano blockchain. Many have argued that it’s only a matter of time before gas fees and congestion clog up the Cardano blockchain, leading to a high gas fee, but despite the $5.31 billion in daily activity, we have not yet seen this.”
The post Cardano (ADA) Price Rises By 30% Last Week, Transactions Volume in last 24 hrs Surpasses $5 Billion appeared first on CoinGape.


In the past week, as most of the crypto coins have traded sideways, Cardano’s ADA token has shown a surge in its trajectory. Often regarded as Ethereum’s nemesis, ADA rose by 30% in the last seven days, while coins like Bitcoin, Ether, Solana, and XRP just rose by less than 5%, according to indep...

coingape.com

Cardano (ADA) Price Rises By 30% Last Week, Transactions Volume in last 24 hrs Surpasses $5 Billion

XRP has lost almost 17% since January 2 from the highs of $0.8659. The price gains more than 1% on Saturday from the lows of $0.7680. At the time of writing, the XRP price has been hovering near higher levels.

XRP extends the previous session’s gains today with more than 1% gains.
The Altcoin rises from $0.71351 but struggles near $0.7870.
Trading volume loses 35.4$ in the past 24-hours.

Ripple (XRP) creeps higher in parallel channel
Source: Trading View
The parallel channel extends from the lows of Jan 10 at $0.6984 and finds the price faces some resistance near $0.7950 on January 13. This also coincides with the formation of a “Doji” candlestick, which results in the price correction towards the lower trendline of the channel. However, buyers make a comeback and push up XRP above 50-hour SMA (Simple Moving Average) but fall short below the 100-day SMA $0.7935.
Volumes are supportive of the current price movement. The market cap in the last 24-hour has built up more than 1% and stands at $37,298,200,534.
Moving on to the technical indicators, the RSI (Relative Strength Index) trades at 53 with a bullish crossover. Furthermore, the MACD (Moving Average Convergence Divergence) also supports the bullish argument. The unbounded oscillator trades above the midline that is helping the bulls find the ground.  A decisive break above the 100-day SMA would open the doors for the next upside target at 200-day SMA that is placed at $0.8335. Ripple’s (XRP) price has been consolidating in a trading range of $0.6980 and $0.7900 since January 6. A fresh round of buying could emerge if the price closes above the highs of January 6 at $ 0.8022.
On the other hand, the downside would resume if the price fails to sustain the lower trend line of the upside channel. Interim support is placed at the beginning of the channel at $0.7131.
Source: Trading view
As can be seen on the daily time frame, the MACD still holds below the midline while RSI stands at 44. The probability of the next lower level at the low of July at $0.6308 would strengthen on a daily close below January 10 low.
 
The post Ripple (XRP) Price Roars Towards $0.8350 Moves In Upward Channel appeared first on CoinGape.


XRP has lost almost 17% since January 2 from the highs of $0.8659. The price gains more than 1% on Saturday from the lows of $0.7680. At the time of writing, the XRP price has been hovering near higher levels. XRP extends the previous session’s gains today with more than 1% gains. The Altcoin ris...

Ripple (XRP) Price Roars Towards $0.8350 Moves In Upward Channel

The overall trend for the XRP price is still sideways. The recent correction in price has plunged the coin to a crucial support level of $0.7. However, the technical chart shows the formation of a symmetrical triangle pattern, whose breakout could initiate a new trend in XRP price.
Key technical points: 

The RSI displays bullish divergence in the daily time frame chart
The intraday trading volume in the XRP coin is $1.74 Billion, indicating a 3.69% hike.

Source- Tradingview
The last time we covered an article on XRP price analysis, the short-term downtrend plunged the price to the $0.7 support. The technical chart showed several lower price rejection candles, indicating the intense buying pressure.
Moreover, the XRP price is also at the support trendline of a symmetrical triangle pattern. Following this pattern, the price could bounce back from this support and rally towards the overhead resistance(approx. $1.1).
Moving in a sideways trend, the longer EMA lines 100 and 200 EMA have started to fatten. However, as for now, the price is trading below these EMAs, indicating a bearish trend.
The daily Relative Strength Index (43) is steadily approaching the neutral line. Moreover, the chart also shows bullish divergence, providing more confirmation for a bullish reversal.
XRP Price Could Retest The $0.7 Support
Source- Tradingview
On January 10th, the Ripple coin price bounced back from the $0.7 support with a morning star candle pattern. The price started to rally and breached the nearest resistance of $0.78. However, the price couldn’t sustain above this level and dropped below the breaking point.
If the price sustains below the $0.78 resistance, the coin might retest the bottom level for another support before it could initiate a proper rally.
The average directional movement index(20) slope moving lower displays the losing momentum in selling pressure. The traditional pivot level indicating the overhead resistance for XRP is $0.776, followed by 0.838. On the flip side, the support levels are $0.688 and $0.62.
The post XRP Price Analysis: XRP Price Could Reach $1.1 Mark As Price Chart Forms Symmetrical Triangle Pattern appeared first on CoinGape.


The overall trend for the XRP price is still sideways. The recent correction in price has plunged the coin to a crucial support level of $0.7. However, the technical chart shows the formation of a symmetrical triangle pattern, whose breakout could initiate a new trend in XRP price. Key technical ...

XRP Price Analysis: XRP Price Could Reach $1.1 Mark As Price Chart Forms Symmetrical Triangle Pattern

The XRP price chart shows an overall sideways rally. However, this new year has only extended the correction phase, and the price has plunged to the $0.7 support. The daily chart shows several lower rejection candles at this level, indicating the presence of intense demand pressure.
Key technical points: 

The XRP price shows a lower price rejection candle at $0.7 support
The XRP price chart shows the 100-and-200-day EMAs are on the verge of a bearish crossover
The intraday trading volume in the XRP coin is $1.7 Billion, indicating a 6.8% fall.

Source- Tradingview
Previously when we covered an article on Ripple coin on 22nd December 2021, the coin price hinted at a bullish reversal with a cup and handle pattern. However, the price could never breach the $1 neckline and instead, it was rejected with a bearish engulfing candle.
Moreover, the bloodbath in the crypto market fueled the selling pressure in this coin and pushed the price back to the bottom support zone near $0.76 and $0.7.
The crucial EMA(20, 50, 100, and 200) indicates a downtrend for the XRP price. Moreover, the chart shows the 100 and 200 EMA are poised to give a bearish crossover, which could fuel the bearish momentum in the market. However, in the case of a bullish reversal, the 20 and 100 EMAs are controlling the minor and major pullbacks respectively.
The daily-Stochastic RSI line has dropped to the oversold territory. Moreover, the K and D line provides a bullish crossover, indicating the increasing underlying bullishness in this coin,
XRP Price Chart Shows A Falling Wedge Pattern
Source- Tradingview
The XRP price is currently hovering above the $0.7 support, indicating demand pressure from this level. Moreover, the XRP price action displays a falling wedge pattern in the 4-hour time frame chart. This pattern could signal a bullish reversal if the price breakout from the overhead resistance trendline.
The important resistance levels for XRP price are at $0.77, followed by $0.85. As for the opposite side, the support levels are $0.7and $0.62. 
The post Ripple Price Analysis: XRP Bears Struggle To Breach $0.7 Support Zone, Is A Reversal Next Move? appeared first on CoinGape.


The XRP price chart shows an overall sideways rally. However, this new year has only extended the correction phase, and the price has plunged to the $0.7 support. The daily chart shows several lower rejection candles at this level, indicating the presence of intense demand pressure. Key technical...

Ripple Price Analysis: XRP Bears Struggle To Breach $0.7 Support Zone, Is A Reversal Next Move?

PRESS RELEASE. XRPayNet is a cryptocurrency built on the XRP Ledger, with an upcoming global team focused on one goal: a globally adopted interface and ecosystem for payment settlements that is suitable for stores, businesses, peer to peer transactions and those who sell products and services. Whilst aiming to challenge existing technology such as Klarna, ClearPay/AfterPay. This will allow consumers to be able to ‘buy now, pay later’ which is an almost first in the entire crypto industry.
The XRPayNet app currently under development promises just that, a world class payment interface for micropayments with transactions processed by the XRP ledger, ensuring very low transaction costs at just a fraction of a penny and ultra-fast speeds. We aim to capture and overcome the current needs of real-life and on-demand crypto payment systems that are increasingly demanded by people and businesses across the globe.
About XRPayNet
The XRPayNet team does not aim to compete with Ripple or XRP. Our goal is to change the world of payments forever by focusing on transforming the world of online and in-store payments, enterprise-to-consumer payment markets (plumbers, electricians, etc.), and peer-to-peer transactions.. Ripple and XRP are currently entering the market with a focus on the interbank and international payment markets. We aim for the market for everyday transactions and micropayments.
Key features

Payment interface for online and instore transactions for retail environments.
Business to consumer payments.
Built in solutions for direct payments
Buy now, pay later

Our forthcoming globally adopted interface and ecosystem for settlements gives XRPayNet the opportunity to become the best payment system in the world. We hope you will take a look at our vision and future, where XRPayNet is a big part of our daily lives.
If you want to participate our team has just launched its first token sale with a limited release. You don’t want to miss out on this project.
For more information, the whitepaper and updates please check out:
Website: https://xrpaynet.com/
Twitter: https://twitter.com/XRPayNet
 

This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.



























PRESS RELEASE. XRPayNet is a cryptocurrency built on the XRP Ledger, with an upcoming global team focused on one goal: a globally adopted interface and ecosystem for payment settlements that is suitable for stores, businesses, peer to peer transactions and those who sell products and services. Wh...

XRPayNet – the World’s Most Diverse Payment Network, Bringing ‘Buy Now, Pay Later’ to the Crypto Industry

Ripple supporter, attorney John Deaton, has sounded a wake-up call to the entire cryptocurrency community. The attorney said the community should take the SEC’s threat to Ripple as a very serious threat that would reach beyond Ripple’s XRP to the cryptocurrencies they support.
Deaton reminds that Any other crypto can take XRP’s place
While speaking with YouTuber Naomi Brockwell, Deaton, who is the founder and host of Crypto Law, stated that members of the crypto community need to set aside their differences and biases for the blockchain networks they support. He adds that they need to realize that the SEC was attacking the industry at large with their lawsuit against Ripple. According to him, the wording of the SEC complaint against Ripple and its XRP token can be applied to any other blockchain network.
Pull up the complaint and read… You could literally substitute the crypto that you own and love for XRP and the language would equally apply.
Deaton clarifies that he is not asking the community to all of a sudden begin supporting Ripple. This is because he recognizes that other market participants have reservations about Ripple and XRP. These reservations include not liking Ripple CEO Brad Garlinghouse and considering the token to be too centralized in the hands of Ripple. What he is however advocating is that the community be against the overreach of the SEC in the crypto space.
You don’t have to root for Ripple, but you need to root for crypto, and you need to root against the SEC’s overreach. And that, I think, is the common bond that can bring us together. 
This is not the first time that Deaton has pointed this out. Back in October, he warned that every other cryptocurrency including Bitcoin and Ether would not be safe if the SEC succeeded in what it was trying to do to Ripple by declaring XRP token a security.
Deaton is not alone in sharing this view. Fox Business reporter, Charles Gasparino, has also voiced similar concerns. According to Gasparino who is a regular commentator on the state of the SEC lawsuit against Ripple, it appears that Gary Gensler, the SEC chair is waiting for the outcome of the case before he reveals his complete stance on Ethereum which at the moment seems to be in the clear with the securities commission.
Ripple is still poised to come out victorious in the lawsuit
Recent developments in the court proceedings in the SEC’s quarrel with Ripple seem to be highly in favor of Ripple. While the case is still in the expert disclosure phase, it is getting close to reaching a conclusion. A motion that the court will have to rule on very soon about the SEC Deliberative Process Privileged (DPP) is likely to compel the SEC to hand over its internal documents that Ripple has been requesting.
You don’t have to root for Ripple, but you have to root against the SEC reckons Ripple Attorney John Deaton
 
The post “You don’t have to root for XRP, but you have to root against the SEC” reckons Ripple Attorney John Deaton appeared first on CoinGape.


Ripple supporter, attorney John Deaton, has sounded a wake-up call to the entire cryptocurrency community. The attorney said the community should take the SEC&#8217;s threat to Ripple as a very serious threat that would reach beyond Ripple&#8217;s XRP to the cryptocurrencies they support. Deaton ...

“You don’t have to root for XRP, but you have to root against the SEC” reckons Ripple Attorney John Deaton

Ripple (XRP) price has come under intense selling pressure after losing the temporary support around the $0.75 zone. XRP price prediction is most definitely directed to the downside even as fear grips the entire market. The Crypto Fear and Greed Index stands at 18/100 , pointing to Extreme Fear which is a sign that investors are too worried.
XRP Price Prediction: A Return To $0.6838 Looms
Ripple price trades at $0.7459, 31% below the December 23 high around $1.0750. After turning away from the aforementioned high, XRP price action has formed a descending parallel channel on the daily chart by recording a series of lower highs and lower lows.
A descending parallel channel is a significantly bearish channel suggesting that Ripple may drop further if it continues trading within the confines of the channel.
Therefore, failure to hold on to the immediate support at $0.7459 provided by the middle boundary of the channel could see the price of the cross-border remittances token drop to tag the lower boundary of the prevailing channel at $0.6838. This move will represent an 8.87% drop below the current price.
XRP/USD Daily Chart
 Live Chart  

Note that the bearish XRP price prediction is validated by the current pessimistic sentiment that has gripped the entire market causing the entire crypto market capitalization to drop below the $2 trillion mark, according to data from CoinMarketCap.
Moreover, the down-sloping moving averages and the position of the Relative Strength Index (RSI) at 32.98 validate XRP’s bearish thesis. Notice that the bearish momentum will gain more traction once the RSI enters the oversold region.
The downward movement of the Moving Average Convergence Divergence (MACD) indicator and its position below the zero line in the negative region also adds credence to Ripple’s pessimistic outlook.
Looking Over The Fence
The bearish XRP price prediction will be invalidated if bulls hold on the immediate support at $0.74596 embraced by the middle boundary of the descending channel. If this happens, Ripple could rise above the $0.80 psychological level to tag the upper boundary of the channel at $0.8096 or the moving averages above it.
The post XRP Price Prediction: Ripple Could Drop 9% Further After Failing To Hold On To $0.75 appeared first on CoinGape.


Ripple (XRP) price has come under intense selling pressure after losing the temporary support around the $0.75 zone. XRP price prediction is most definitely directed to the downside even as fear grips the entire market. The Crypto Fear and Greed Index stands at 18/100 , pointing to Extreme Fear w...

XRP Price Prediction: Ripple Could Drop 9% Further After Failing To Hold On To $0.75

After a long haul, there is finally another update in the XRP lawsuit, however, it may not be a good look for Ripple. The latest development in the lawsuit saw the SEC file a Letter of Supplemental Authority supporting its Motion to Strike Ripple’s Fair Notice Defense. The plaintiff has used the verdict from a different case with similar fair notice arguments where the decision eventually fell into the SEC’s lap.
Last year, towards the end of December, in the case of SEC vs Fife, a Northern District of Illinois court denied the defendants’ motion to dismiss using the same fair notice argument which Ripple is holding on to in the XRP lawsuit. In the other case, the SEC filed charges against John M. Fife of Chicago and his companies for acquisition and sale of over 21 billion shares of penny stock without registering as a securities dealer with the SEC.
Can Fife’s verdict sabotage Ripple’s Fair Notice argument?
Fife’s defense counsel quickly took to Ripple’s hitherto successful Fair Notice stance, arguing that the Fife case involved the “broad” statutory term “dealer” which was similar to Ripple’s “flexible” statutory term, “investment contract” in the XRP lawsuit. The Fife defense claimed that they were not provided with fair notice of the SEC’s “novel interpretation” of the statutory term “dealer” when “they engaged in the conduct about which the SEC now complains”.
Furthermore, the defendants objected the SEC’s accusations contending that the commission’s regulatory guidance not only deceptively made the defendants think that their conduct was appropriate, in fact “encouraged the conduct”. However, the defendants’ argument was rejected by the court noting that neither parties possess the right to determine whether or not a conduct falls within or out of the statute.
The Fife court agreed with the SEC that for purposes of assessing fair notice and due process, “the standard against which the SEC seeks to measure defendants’ conduct is the statute itself, the language of which defendants and all others even arguably involved in securities transactions plainly have had notice…It is for the courts not the parties to determine wether particular conduct falls within scope of the statute”
The post XRP Lawsuit: Can SEC strike Ripple’s Fair Notice defense using verdict from a different case? appeared first on CoinGape.


After a long haul, there is finally another update in the XRP lawsuit, however, it may not be a good look for Ripple. The latest development in the lawsuit saw the SEC file a Letter of Supplemental Authority supporting its Motion to Strike Ripple&#8217;s Fair Notice Defense. The plaintiff has use...

XRP Lawsuit: Can SEC strike Ripple’s Fair Notice defense using verdict from a different case?

2021 saw the competition for top ten in the crypto market according to market value get intense. This intense competition saw XRP slide down to the 8th position at the close of the year after holding the third position for long. December 2020  SEC vs. Ripple lawsuit could be credited for the big blow that the international remittances token has suffered for the better part of 2021.
It is worth noting that is becoming extremely difficult to maintain the same position as smaller tokens keep bolting uphill as investors continue to diversify.
Ripple price is teetering around $0.8272 at the time of writing boasting a market cap of $39.37 billion.
Ripple Price Forms a Rectangle Pattern in a Horizontal Price Action
Since December 29, XRP has been trading sideways between the $0.8056 and $0.8586 price range. After falling below the $1.0 psychological level on December 23, price correction began that saw bears regain control of the market flipping the 50, 100 and 200 Simple Moving Averages (SMA)s from support to resistance. This represents a 18% drop from a high of $1.061 on December 23 to the current price around $0.8272 in a sideways price action forming a rectangle chart pattern.
Note that the narrowing of the Bollinger Bands indicate that the XRP price is consolidating. This means any underlying pressure to push XRP  upwards will be cancelled by the overhead pressure. If this happens, Bitcoin might continue trading below the $0.90 over the next few days.
The sideways price action is also validated by the horizontal movement of the Moving Average Convergence Divergence (MACD) as well as the leveling of the transaction volume as shown on the four-hour chart. This shows that shows that bulls and bears are canceling out.
XRP/USD Four Hour Chart
 Live Chart  

Note that the rectangle pattern does not have a defined bullish or bearish breakout, but breaking above the upper boundary of the rectangle around $0.8586 will predict a bullish move for Ripple.
Ripple seems to be battling immediate resistance around the $0.8334 level. For a bullish move to be confirmed, XRP price must close the session above  this level and go above the $0.8440 level. This coincides with the middle boundary of the Bollinger Band (BB).
A decisive bullish breakout will be achieved if XRP overcomes the $0.8586 resistance posed by the middle boundary of the rectangle after which a move towards regaining the $0.90 level will be the next logical move.
On the flipside, if XRP closes the day below the immediate support at $0.8255 could see the bulls retreat to re-test the $0.8189 and $0.8056 support levels embraced by the lower boundary of the BB and the lower boundary of the rectangle respectively.
The post Ripple Price Analysis: XRP Is Down 2% To $0.827 Amid Deceasing Price Volatility appeared first on CoinGape.


2021 saw the competition for top ten in the crypto market according to market value get intense. This intense competition saw XRP slide down to the 8th position at the close of the year after holding the third position for long. December 2020  SEC vs. Ripple lawsuit could be credited for the big ...

Ripple Price Analysis: XRP Is Down 2% To $0.827 Amid Deceasing Price Volatility

2021 was an eventful year for the crypto community, especially for XRP holders given the SEC vs Ripple lawsuit took several bittersweet turns during these past 12 months. While on one hand the XRP community was aggravated by the SEC’s white lies and prejudice, on the other hand the community saw global support, eventually making the XRP lawsuit one of most historical cases in the decentralised industry. The next update in the XRP lawsuit will come latest by January 19, 2022 as that is the extended deadline for Expert discovery in the case.
Changed scope of DPP gravitates the lawsuit in SEC’s favour
While the entire crypto community is awaiting for the upcoming hearings, the case has rooted out with inclusion of more related cases. For instance, the scope of Deliberative Process Privilege (DPP) changed for the XRP lawsuit upon the Second Circuit’s verdict in the case of Natural Resources Defense Council v. EPA (NRDC). The NRDC case’s verdict restructured the scope of DPP, further gravitating the XRP lawsuit in favour of the SEC, particularly over the documents submitted for in camera review.
After the NRDC decision, SEC argued that it is not mandated to connect its records to a “single, discrete decision” to seek protection under DPP, specifically referring to the three in-camera review documents. Rather, the SEC had the right to identify a broader “decisionmaking process” to which the records relate, instead of limiting it to an identified decision. While this left the XRP community with lost hope, another lawsuit against the SEC reverted XRP’s upper hand in the case.
FOIA compliant could unveil SEC’s allegedly illegal market manipulation
Earlier this month, the nonprofit organisation, Empower Oversight filed a Freedom of Information Act (FOIA) complaint against the SEC in regards with its potentially illegal market manipulation to hike Ether and Bitcoin, while slashing the price for XRP with a lawsuit.
SEC’s bias and allegedly illicit role in Ether’s exponential price hike is common news to the crypto community. However, the latest FOIA Complaint against the SEC presented the court with considerable proof to at least begin active investigation into the commission’s long-standing market manipulations.
It revealed the chronological trail of SEC and it’s official’s reportedly illicit actions, including eminent names like the former SEC Chairman, Jay Clayton, the ex-leader of the SEC Enforcement Division, Marc Berger, along with the controversial William Hinman. Further unfolding of this FOIA case could lead Ripple towards a win and finally free XRP.
XRP could see substantial hike in 2022
XRP may have faced unfair regulatory crackdown, however the token continued to grow despite it throughout 2021, which is exactly the trend XRP aims to follow in 2022. During the last month of 2021, most tokens suffered a short bear including XRP. However, XRP’s chart displayed a cup and handle pattern, which could initiate a bullish reversal for the Ripple coin entering the new year. Furthermore, if Ripple wins the XRP lawsuit then the coin’s price may even touch double digits. So, the community is entering 2022 with sheer hope and confidence in Ripple and XRP.
The post XRP Lawsuit: What lies ahead for XRP in 2022? appeared first on CoinGape.


2021 was an eventful year for the crypto community, especially for XRP holders given the SEC vs Ripple lawsuit took several bittersweet turns during these past 12 months. While on one hand the XRP community was aggravated by the SEC&#8217;s white lies and prejudice, on the other hand the communit...

XRP Lawsuit: What lies ahead for XRP in 2022?

The host of crypto channel Coin Bureau is unveiling his outlook for Stellar (XLM) next year after the XRP competitor’s lackluster performance in 2021.
In a new video, pseudonymous analyst Guy tells his 1.78 million YouTube subscribers that while Stellar (XLM) doubled in price this year, the altcoin’s gains are “peanuts” compared to the performance of other crypto assets.

According to Guy, Stellar’s poor price performance can be traced to one key reason: sell pressure, specifically from the Stellar Development Foundation (SDF), a non-profit organization dedicated to the development and growth of the Stellar network.
“The foundation only received $3 million at its inception. To my knowledge, it hasn’t received any additional funding since then. This means that the foundation has been relying on its sales of XLM to pay its expenses and fund the expansion of Stellar’s ecosystem, and this isn’t speculation either. The foundation’s XLM  spending is clearly detailed on its mandate page, and I applaud it for its transparency.
The latest figures suggest that the foundation has spent over 5 billion of its 30 billion XLM so far, and the way back machine reveals that about 3 billion of this XLM were spent over the last year.
What’s more is that a paragraph at the end of the mandate notes, ‘as we said when we first announced this framework in November 2019, we intend to use or disperse most of these Lumens within 10 years, ideally sooner.’ In other words, the sell pressure isn’t going to stop any time soon.”
Guy also says that on top of the sustained selling pressure, XLM does not appear to have many demand drivers. Institutional investors are shying away from the crypto asset possibly due to the regulatory uncertainty related to XRP, according to the crypto analyst.
However, Guy says that favorable results from SDF’s partnership with MoneyGram may allow XLM to get back to its January 3rd, 2018 record high of $0.87. 
In October, the remittance giant announced that it is integrating the Stellar blockchain into its network, enabling cash funding and payouts in local currency for consumers using Stellar USD Coin (USDC).
“The only demand for XLM is coming from the institutions the Stellar Development Foundation has partnered with and these partnerships are only starting to reach their final form. On the bright side, this paints a pretty bullish picture for XLM in 2022, and I could see XLM re-testing its early 2018 highs if its MoneyGram partnership delivers on its promises. Stellar also has no shortage of upcoming milestones, which could attract both retail and institutional interest.”

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The post Will XRP’s Primary Competitor Outperform Crypto Markets in 2022? Coin Bureau Updates Outlook on Stellar Lumens (XLM) appeared first on The Daily Hodl.


The host of crypto channel Coin Bureau is unveiling his outlook for Stellar (XLM) next year after the XRP competitor&#8217;s lackluster performance in 2021. In a new video, pseudonymous analyst Guy tells his 1.78 million YouTube subscribers that while Stellar (XLM) doubled in price this year, the...

dailyhodl.com

Will XRP’s Primary Competitor Outperform Crypto Markets in 2022? Coin Bureau Updates Outlook on Stellar Lumens (XLM)

Ripple has achieved the “strongest year ever” despite the lawsuit over XRP by the U.S. Securities and Exchange Commission (SEC), according to CEO Brad Garlinghouse. “Calling crypto the ‘Wild West’ is a farce,” he said, emphasizing that “most are complying with financial regulators globally.”
Ripple Has Best Year Despite SEC’s Lawsuit Over XRP
Ripple CEO Brad Garlinghouse talked about his company’s achievement and cryptocurrency regulation in a series of tweets Wednesday. He explained that despite the lawsuit over XRP, Ripple had the “strongest year ever.”

The U.S. Securities and Exchange Commission (SEC) filed a lawsuit against him, Ripple Labs, and co-founder Chris Larsen a year ago. The securities watchdog alleged that XRP should have been registered as a security.
While insisting that the SEC’s lawsuit against XRP “is an attack on crypto in the US, not just Ripple,” Garlinghouse detailed:
2021 has been a watershed year for crypto. Acceptance and awareness of the opportunity to bring billions of people into the global financial community has never been so clear. It’s been incredible to see a lot less ‘maximalism’, and many more builders joining the industry.
The CEO proceeded to outline Ripple’s progress over the year, such as launching new On-Demand Liquidity (ODL) corridors and its central bank digital currency (CBDC) solution. “All of this growth came from outside the US,” he opined.

Garlinghouse then noted that SEC Chairman Gary Gensler “has taken an aggressively anti-crypto approach and companies are already moving outside the US.” He asserted that “the SEC today won’t answer questions about the legal status of ETH, much less anything else,” elaborating:
Calling crypto the ‘Wild West’ is a farce – most are complying with financial regulators globally. This industry shouldn’t be punished for asking for regulatory clarity & regulation that is consistently applied with a level playing field.
What do you think about Garlinghouse&#x2019;s comments? Let us know in the comments section below.



























Ripple has achieved the &#x201C;strongest year ever&#x201D; despite the lawsuit over XRP by the U.S. Securities and Exchange Commission (SEC), according to CEO Brad Garlinghouse. &#x201C;Calling crypto the &#x2018;Wild West&#x2019; is a farce,&#x201D; he said, emphasizing that &#x201C;most are co...

Ripple Achieves ‘Strongest Year Ever’ Despite SEC Lawsuit Over XRP, Says CEO

The market-wide rally has pushed multiple coins up in their charts. Terra out of the top gainers propelled by almost 18%, while XRP and AAVE followed with over 8% gains in the last 24 hours.
Today’s global cryptocurrency market cap is $2.42 Trillion, with a 1.7% positive change in the last 24 hours. XRP traded for $0.95 while eyeing the dollar mark at press time. AAVE was priced at $197.04, while Terra could touch the $100 mark in the subsequent trading sessions.
Terra/LUNA/USD Four-Hour Chart 

LUNA has set out on a massive uptrend with no signs of a price correction at the time of writing. In over a week LUNA’s ROI shot up by 62.6%. Buyers have swarmed the market in anticipation of securing profits as Terra’s ascent has been quite terrific in the last week.
Near-term technicals have painted an extremely bullish outlook on Terra’s Four-Hour trading chart.
The price of Terra rested way above the 20-SMA line, a reading that confirms the positive price action tied to increased buying power in the market. Immediate resistance for the digital currency stood at $100.83 while a fall could result in Terra trading near its price floor of $76.49, marking a 22% fall in market value.
The Relative Strength Index was parked above the overbought zone. Awesome Oscillator displayed growing green histograms at press time signalling a bullish growth in prices, however, profit booking could soon drive prices down.
XRP/USD Four-Hour Chart

The month of December saw XRP lose its ground consistently. However, in the last two days, Ripple was seen undoing the losses it incurred. The altcoin could soon head for a double-digit gain as the coin was trading very close to the $1.00 mark.
This instance has pushed XRP to be overvalued and overbought, a condition the coin has witnessed a few very times in the last month and a half. It has held itself well above the immediate support level of $0.91, and its resistance point stood at $1.00. At the time of writing, XRP had broken into an upward channel price action.
The Relative Strength Index highlighted a massive jump in buying strength, while AROON preferred the bulls at press time. MACD underwent a bullish crossover and displayed green signal bars. If a bearish push managed to invalidate the current momentum, the price might immediately land up near $0.91 and then at $0.80.
AAVE/USD Four-Hour Chart

AAVE managed to sustain itself above its crucial support line of $163.19 as the coin was priced at $197.01. The token had received a sharp pullback from the 78.6% Fibonacci level, and a major resistance point for AAVE was the 50% Fibonacci level.
The buying pressure in the market was seen to be positive as the coin grew by 17% in the last week itself.
The Relative Strength Index was headed toward the overbought zone as the coin was quite overvalued at press time. On the flip side, the support level for the coin stood at $163.19. The Directional Movement Index chose to side the bulls as the +DI line was placed above the -DI line.
The post Terra, XRP And Aave Price Analysis: Coins Log Substantial Gains Over The Week appeared first on CoinGape.


The market-wide rally has pushed multiple coins up in their charts. Terra out of the top gainers propelled by almost 18%, while XRP and AAVE followed with over 8% gains in the last 24 hours. Today&#8217;s global cryptocurrency market cap is $2.42 Trillion, with a 1.7% positive change in the last ...

Terra, XRP And Aave Price Analysis: Coins Log Substantial Gains Over The Week

The XRP/USD chart currently follows a short-term downtrend in this coin. Last week the price plunged to the $0.76 mark, indicating a 43% loss from its previous high of $1.3. However, the chart shows a cup and handle pattern, which could initiate a bullish reversal for the Ripple coin.
Key technical points:

The XRP coin price crosses above the 20-day EMA
The daily RSI shows impressive recovery concerning the price action
The 24-hour trading volume in Ripple coin is $3.59 Billion, indicating a 5.96% loss.

Source-Tradingview
Previously we mentioned in our article on Ripple coin, and the pair tried to bounce back from the $0.88 support. However, the price couldn’t sustain above the $1 mark, resulting in a bearish reversal. 
Furthermore, with the sudden sell-off on December 4th, the coin price even breached the crucial support of $0.86 and plunged to $0.7614. This pair was hovering above this level for two weeks, identifying sufficient support. The current price of this coin is $0.9, with an intraday gain of 3.35%.
The XRP price maintains a bearish trend according to the EMA levels (50, 100, and 200). However, this recent bullish pullback has already reclaimed the 20 EMA line.
The daily Relative Strength Index (51) shows an impressive recovery in value, indicating the buyers are retaking charge.
XRP/USD 4-hour time frame chart
Source- Tradingview
The XRP/USD chart forms a cup and handles pattern in the 4-hour chart. The pattern’s neckline is at the $0.91 mark, and the coin price is currently standing at the doorstep of this resistance. 
The crypto traders can consider positioning their funds in this pair once the price breaches the overhead resistance. Moreover, the 4-hour 200 EMA coincides with the neckline, providing an extra edge for a bullish breakout. 
The MACD indicator shows that the fast line(blue) and slow line(orange) move towards the strong bullish zone.
The post XRP Price Analysis: Ripple Coin Completes Cup and Handle Pattern, Hints at 14% Growth appeared first on CoinGape.


The XRP/USD chart currently follows a short-term downtrend in this coin. Last week the price plunged to the $0.76 mark, indicating a 43% loss from its previous high of $1.3. However, the chart shows a cup and handle pattern, which could initiate a bullish reversal for the Ripple coin. Key technic...

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