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Ripple, as the fourth-largest cryptocurrency by market capitalization, saw increases of over 30% during the last 7 days, according to CoinGecko.  The price extended to nearly $0.56 on Friday but got quickly rejected.
Technical Analysis
By Grizzly
The Daily Chart
The XRP/USDT trading pair reached a key support turned resistance level, for the first time since May 9, on the daily chart. Additionally, the price finally closed a daily candle above the 200-day moving average line (in white), which is a promising sign for the short-term future.
Given the strength of the resistance zone located between $0.50 and $0.55, it is likely that some traders may take profits in this area, and XRP will consolidate. However, as long as the price remains above the horizontal support at $0.42 (in green), this should not disrupt the current positive momentum.
If XRP can overcome the resistance mentioned above, which overlaps with the descending line (in yellow), reaching $0.60 should be an easy task for the cryptocurrency.
Key Support Levels: $0.45 & $0.4
Key Resistance Levels: $0.5 & $0.55
Daily Moving Averages:
MA20: $0.37
MA50: $0.36
MA100: $0.35
MA200: $0.48

The XRP/BTC Chart
When examining the BTC pair chart, Ripple shows strength, trading above key resistance. It has finally encountered horizontal resistance at 2870 SATS (in white) for the first time in over 400 days. The 200-week moving average line and this level intersect. Clearing this obstacle should pave the way to reclaiming the 2021 high of 3,900 SATs.
Considering its more than 80% increase in the last 10 days, XRP is expected to test the lower levels as support. As long as the pair continues to trade above 2,200 SATs (in green), the outlook for XRP appears positive.
Key Support Levels: 2350 SATs & 2200 SATs
Key Resistance Levels: 2870 SATs & 3900 SATs

The post Ripple Price Analysis: After 30% Weekly Gains, Can XRP Continue to Soar? appeared first on CryptoPotato.

Ripple, as the fourth-largest cryptocurrency by market capitalization, saw increases of over 30% during the last 7 days, according to CoinGecko.  The price extended to nearly $0.56 on Friday but got quickly rejected. Technical Analysis By Grizzly The Daily Chart The XRP/USDT trading pair reached ...

cryptopotato.com

Ripple Price Analysis: After 30% Weekly Gains, Can XRP Continue to Soar?

The currency of the blockchain-powered online payment platform, XRP, has gained almost 60% in the past week. After briefly dipping to $0.34 five days ago, the token climbed back and traded around $0.52 this morning.
Crypto influencer Ben Armstrong claims to know the reason behind this continuous climb amid the current general crypto bear market. The multiple-crypto holder shared his two cents about the state of events with his 800k plus followers on Twitter yesterday.
Related Reading: Maker DAO Shows Bullish Sentiment After A While, Eyes $800?
Influencer Believes Impending Close To Ripple-SEC Case Is Responsible
According to Armstrong, multiple factors are causing Ripple’s insane price surge. However, he can confidently trace one primary reason to the ongoing SEC court battle with the sixth strongest crypto. The influencer tweeted that SEC has given up on its 2-year struggle of trying to prove XRP is a security. As of this week, the Ripple community “can be pretty confident the worst-case scenario is a fine,” the tweet reads.
The last weekend saw both parties in the ongoing case filing for summary judgment. In other words, Ripple and SEC believe enough evidence has been provided for a verdict outside a court case. They wait for Judge Torres’ decision supporting one side or the other based on already available evidence. A court battle that started way over in 2020 might soon be coming to an end.
XRP is currently trading at $0.4975. | Source: XRPUSD price chart from TradingView.com
Ripple And XRP Community Expect A Favorable Verdict
Like Ben Armstrong, the Ripple community and Ripple Labs are expectant of a favorable ruling. If that happens, XRP will not be considered a Security but a digital asset, just as Ripple intended. 
Another crypto influencer predicted that if this happens, it will be the needed boost the bearish crypto market needs. David Gokhshtein tweeted that the crypto market will go parabolic should XRP win this case. He and Brad Garlinghouse, Ripple’s CEO, believe a win for XRP would stamp cryptos stand with regulation. Consequently, it would increase investors’ faith in the ailing asset.
Whale Movements On XRP Blockchain Also Partially Responsible For Price Boost
Another reason for the surge in XRP seems to be whale movements on the platform. On-chain analytics firm, Sentiment data reveal an increase in whale transactions on the Ripple blockchain. 
Furthermore, the Whale Alert crypto tracker revealed multiple anonymous transfers of significant amounts of XRP in the past week. Data showed that a 261 million XRP transfer and another 582 million XRP transaction took place. Ripple was involved in both transactions, moving 80,000,000 of the tokens externally. In total, close to a billion tokens exchanged hands in whale transactions last week. 
Related Reading: Can WAVES Flow Back From Its Low Ebb And Reclaim $4.6?
These two factors mentioned above are mainly responsible for the continuous climb of XRP tokens over the last week. One can only wait to see if the XRP community’s optimism is indeed rightly placed and that ripple will indeed win the case. At the time of writing, XRP is currently trading around $0.48 after briefly testing $0.52 earlier today per Coinmarketcap data. 
Featured image from Pixabay and chart from TradingView.com


The currency of the blockchain-powered online payment platform, XRP, has gained almost 60% in the past week. After briefly dipping to $0.34 five days ago, the token climbed back and traded around $0.52 this morning. Crypto influencer Ben Armstrong claims to know the reason behind this continuous ...

newsbtc.com

Ripple Outperforming Almost The Whole Market, What’s Pumping XRP Price? 

XRP is outperforming Bitcoin (BTC) as the upward trajectory of the sixth-largest crypto asset continues, according to crypto analytics firm Santiment.
The analytics firm says that the XRP/BTC pair has hit a price last reached in September of 2021 as crypto sharks and whales accumulate XRP.

Santiment says that the surge in the price of XRP is driven by hopes of a potential settlement in the lawsuit the U.S. Securities and Exchange Commission (SEC) lodged against Ripple in December 2020.
“The price ratio of XRP/BTC has hit a one-year high of 0.000025 BTC [$0.48] on the continued optimism of a potential settlement of Ripple with the SEC. Active shark and whale addresses holding one million to ten million XRP have been in an accumulation pattern since late 2020.”
Source: santimentfeed/Twitter
XRP is trading at $0.51 at time of writing, up 20% over the past 24 hours and up by 55% over the last seven days.
Turning to the wider crypto market, Santiment says that large holders of the Tether (USDT) stablecoin are adding to their digital asset holdings following the downturn earlier this year.
“As crypto remains volatile as equities brace for further rate hikes, buying power is picking up gradually among large USDT addresses. $100,000 to $10 million valued addresses have added 4.03% more to their bags in the past seven weeks, 1.12% of the total supply.”
Source: santimentfeed/Twitter
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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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The post Crypto Analytics Firm Says XRP Whales Are in Massive Accumulation Mode As the Top Altcoin Outperforms Bitcoin appeared first on The Daily Hodl.


XRP is outperforming Bitcoin (BTC) as the upward trajectory of the sixth-largest crypto asset continues, according to crypto analytics firm Santiment. The analytics firm says that the XRP/BTC pair has hit a price last reached in September of 2021 as crypto sharks and whales accumulate XRP. Santim...

dailyhodl.com

Crypto Analytics Firm Says XRP Whales Are in Massive Accumulation Mode As the Top Altcoin Outperforms Bitcoin

Ripple (XRP) price has registered an impressive 33% advance above the key resistance zone as seen in the past week. 

         XRP notably spikes by 10% on September 22
        Ripple confident to win legal feud against SEC

The token also skyrocketed 10% as seen on September 22, as the crypto market plunged in a sea of red.
Although a bit of improvement with Bitcoin raking up gains by 4.9% and Ethereum spiking by 7.3%, XRP was still leading that day.
According to CoinMarketCap, XRP price is up by 4.47% or trading at $0.5051 as of this writing.

Update On Legal Feud With SEC Raises Investor Optimism
XRP price demonstrates a surge of over 45% as seen since August. Reportedly, Ripple Labs has recently filed a motion for summary judgment on September 18 which involves allowing the court to wrap it up and make a final decision based on the facts presented in line with whether XRP is to be considered a security.
The recent update on the legal proceedings has stirred some optimism and pumped up investor sentiment regarding the long-term haul of XRP. More so, the open interest of XRP has notably improved as it has increased to $575 million from just $310 million in the past week.
Traders who are looking to get in should wait for the 200-day EMA set at $0.48 to see if it would swing to support in the coming days.
As of press time, XRP’s total market capitalization is at $25.14 billion as it climbed by $3 billion the previous day.



Image: CoinMarketCap
XRP Seen With Strong Bullish Strides
On the daily chart, the XRP price is noted to have bounced back after it dropped and is now enjoying a bull run. The bulls are targeting to breach the key resistance spotted at $0.4306 and once this is done, XRP could shoot for $0.49 next.
Amid the optimism shown by XRP, a breach targeted at the key support zone of $0.392 will reveal signs of buyer weakness. More so, this will also invalidate the bullish thesis and give the power back to the bears. If this happens, the XRP price could plunge and revisit the key support zone at $0.38.
XRP is seen to move with strong strides despite the hurdles experienced by the broader crypto market. The bullish streak is associated with the robust developments happening in the legal battle between Ripple and SEC.
Although both SEC and Ripple agreed to a summary judgment, Ripple seems to be more confident that they’ll win following several tweets by Stuart Alderoty, Ripple’s legal counsel, saying that SEC wasn’t able to satiate the Howey Test set by the Supreme Court. The Howey Test helps regulators assess and categorize an asset as a security.
More so, Brad Garlinghouse, Ripple CEO, firmly believes that SEC may not be keen on abiding by the law but would want to remake it.
XRP total market cap at $24.3 billion on the daily chart | Source: TradingView.com

Featured image from Crypto Daily, Chart: TradingView.com


Ripple (XRP) price has registered an impressive 33% advance above the key resistance zone as seen in the past week.         XRP notably spikes by 10% on September 22         Ripple confident to win legal feud against SEC The token also skyrocketed 10% as seen on September 22, as the crypto market...

How XRP Pulled Off A 33% Rally Over The Past 7 Days

A widely followed crypto analyst is predicting a massive surge for Ethereum (ETH) competitor XRP while updating his outlook on Bitcoin (BTC) and two other altcoins.
Pseudonymous trader Altcoin Sherpa tells his 183,000 Twitter followers that XRP should rise to $0.60 before ultimately shooting up to $0.87.

 “XRP: Go to $0.60 and then $0.87 if that cleanly breaks. Bizarre reaction for some of these altcoins.” 
Source: Altcoin Sherpa/Twitter
XRP is changing hands at $0.49 at time of writing.
A rally to Altcoin Sherpa’s target of $0.87 would mark a nearly 80% rise for the payments token.
The analyst then brings up Bitcoin, saying that the king crypto’s current price level seems “spent,” meaning he believes it will dip soon.
“BTC: I think that the wick around $18,500 seems very spent, it seems likely that the next wicks up are coming. 18,000 and 17,500 are the next demand areas up, would stay very cautious.” 
Source: Altcoin Sherpa/Twitter
The top crypto asset by market cap is moving for $18,873 at time of writing.
Next on the trader’s list is ETH scaling solution Optimism (OP). Altcoin Sherpa says that while he expects a bounce for OP in the short term, he ultimately expects it to settle around the $0.50 area.
“OP: This current area is a HVN [high volume node] on volume profile, so it should maybe bounce, but this is still a comfortable short all the way down to $0.50 in my opinion.” 
Source: Altcoin Sherpa/Twitter
OP is currently trading for $0.926.
Altcoin Sherpa wraps up his analysis by bringing up ApeCoin (APE), the native asset of the Bored Ape Yacht Club non-fungible token (NFT) community. He says that APE currently is at a significant price level and that it “looks scary.”
 “APE: $5.85 is a significant level IMO, no 1d [one day] closes over there in almost two weeks. Doing so would mean mid $6s, but it’s a strong level. I still am in my position but I took more profits around the $5.90 area. It looks a bit scary, so taking a bit more profits here.” 
Source: Altcoin Sherpa/Twitter
APE is valued at $5.62 at time of writing.
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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/YanaBu
The post Crypto Trader Predicts XRP Could Erupt by Over 80%, Updates Outlook on Bitcoin (BTC) and Two Altcoins appeared first on The Daily Hodl.


A widely followed crypto analyst is predicting a massive surge for Ethereum (ETH) competitor XRP while updating his outlook on Bitcoin (BTC) and two other altcoins. Pseudonymous trader Altcoin Sherpa tells his 183,000 Twitter followers that XRP should rise to $0.60 before ultimately shooting up t...

Crypto Trader Predicts XRP Could Erupt by Over 80%, Updates Outlook on Bitcoin (BTC) and Two Altcoins

Two altcoins are up by at least 40% this week while the two leading cryptos by market cap, Bitcoin (BTC) and Ethereum (ETH), stall.
XRP and fan-engagement token Chiliz (CHZ) are up by 14% and 9%, respectively, in the last 24 hours alone.

XRP is up by 48% in the last seven days and CHZ is up by 40% over the same period.
A crypto legal expert recently said Ripple lawyers should feel confident in the XRP lawsuit with the U.S. Securities and Exchange Commission (SEC).
Pseudonymous crypto analyst CryptoDonAlt says the SEC lawsuit could boost XRP like Elon Musk did for Dogecoin (DOGE), sharing a graph of XRP’s relevant resistances.
“Elon Musk was to DOGE.
What the SEC case could be for XRP.
Would be cool if it played out the same way, doesn’t have to.
Never any guarantees but it’s an exciting narrative for what is essentially a meme coin…
I’m down for full send, these are the relevant resistances
I’ll mercilessly dump the moment I get cold feet (and ducks get cold feet easily – we don’t wear shoes) but until then I’ll be an XRP maximalist.”
Source: CryptoDonAlt/Twitter
CHZ appears to be riding a wave of momentum from a recent fundamental development.
One wave is hype on the project’s work toward launching CHZ 2.0, which will be its own native blockchain designed for high speed and scalability.

We don't have to rely forever only on ERC20 or ERC721 equivalent. At @chiliz we think we can bring some innovation on top of fungible tokens formats. As we work with 100+ of the biggest brands in the world, its easier to deploy and scale. $CHZ https://t.co/iRsShRQjAa
— Alexandre Dreyfus (@alex_dreyfus) August 22, 2022

CHZ is also seeing a boom in whale activity, according to Santiment.
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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/Pattern Trends/VECTORY_NT
The post Two Crypto Assets Soar 40% or More in Just One Week, Far Outperforming Bitcoin and Ethereum appeared first on The Daily Hodl.


Two altcoins are up by at least 40% this week while the two leading cryptos by market cap, Bitcoin (BTC) and Ethereum (ETH), stall. XRP and fan-engagement token Chiliz (CHZ) are up by 14% and 9%, respectively, in the last 24 hours alone. XRP is up by 48% in the last seven days and CHZ is [&#8230;...

Two Crypto Assets Soar 40% or More in Just One Week, Far Outperforming Bitcoin and Ethereum

Xrp was once again higher on Friday, as the token hit a 4-month high for a third consecutive session. The token formerly known as ripple has risen by over 50% in the last seven days, despite the current market volatility. Cronos was also a notable mover today, climbing by nearly 15%.
XRP
XRP was higher for a second consecutive session on Friday, as the token moved to a fresh four-month high.
Following a low of $0.3398 to start the week, XRP/USD rose to an intraday peak of $0.5523 earlier today.
As a result of today’s surge, which saw the price climb by over 10%, XRP climbed to its highest point since May 9.

Looking at the chart, the move comes as the token raced past its long-term ceiling of $0.5000, sending the 14-day relative strength index (RSI) to a recent high.
As of writing, the index is currently tracking at 72.57, which is its strongest point since August 2021.
Since earlier highs, XRP has moved lower, as previous bulls appear to have liquidated their positions, securing gains in the process.
Should bears see this as an opportunity to reenter the market, we could see XRP begin to reverse course.

Cronos (CRO)
Cronos (CRO) was another notable gainer in today’s session, as the token rose past a key resistance level.
CRO/USD surged to a high of $0.1226 on Friday, which saw prices move beyond their recent ceiling of $0.1145.
Today’s peak is the strongest point that cronos has hit in the past ten days, pushing CRO close to a ceiling of $0.1260.

In addition to the breakout of the recent resistance level of $0.1145, there has also been a breakout of a ceiling of 50.50 on the RSI indicator.
As you can see from the chart, the 10-day (red) moving average also looks to be closing in with its 25-day (blue) counterpart, which could lead to an upwards crossover.
Overall, the token is currently trading nearly 14% higher from the same period last week.
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Will we see momentum in cryptocurrency markets rise this coming weekend? Let us know your thoughts in the comments.



























Xrp was once again higher on Friday, as the token hit a 4-month high for a third consecutive session. The token formerly known as ripple has risen by over 50% in the last seven days, despite the current market volatility. Cronos was also a notable mover today, climbing by nearly 15%. XRP XRP was ...

news.bitcoin.com

Biggest Movers: XRP Hits Fresh 4-Month High, Token Climbs 50% This Week

In an interview with Ryan Selkis, founder of Messari Crypto, the CEO of payment company Ripple Brad Garlinghouse talked about XRP and its legal battle with a U.S. regulator. The interview took place at Mainnet 2022, an event organized by the on-chain research company.

In late 2020, the U.S. Securities and Exchange Commission (SEC) filed a lawsuit against Ripple and Garlinghouse for the alleged offering of an unregistered security. During the interview, Garlinghouse tried to talk about some of the facts that might have led to the lawsuit, while giving his take on the regulator’s approach.
Ripple CEO: The SEC Has Gone “Cuckoo For Cocoa Puffs”
According to Garlinghouse, Ripple was involved in meetings with the SEC long before they filed their lawsuit. In 2018, the company participated in “innovation groups” to engage with the regulator and expand its knowledge about XRP and cryptocurrencies.
At that time, Garlinghouse participated in the initiatives without legal representation. During these meetings, “there was never a suggestion that XRP is a security”. Garlinghouse called these meetings “constructive”.
In 2019, the company received a letter from the regulator about an “informal” investigation on XRP. This eventually led to the lawsuit and the confrontation between the payment company and the regulator.
Talking about their legal expenses to conduct their fight against the SEC, Garlinghouse said this, while arguing that many crypto projects and companies might lack the funds to defend themselves:
I do think the SEC has been a bit of a bully in the whole industry, we will spend well well well into the hundred million dollars defending ourselves against the SEC.
Is The SEC Acting With Malice?
According to the judge in charge of the case between the SEC and Ripple, the regulator acted with “hypocrisy” and “not following faithful allegiance to the law”.
Furthermore, Garlinghouse classified the current approach of the SEC, under the leadership of Gary Gensler, as “crazy”. The current SEC Chairman has stated on several occasions that “most cryptocurrencies” could be securities and fall under their oversight, with the exception of Bitcoin.
The Ripple CEO said the following on the regulator’s approach, and probably the key difference, from his position, that differentiates XRP from a security:
The idea that now everything under Gary Gensler view is a security, it’s crazy talk (…). The 1939’s Security Act, describes a security as an investment contract (…). The point we’re are making is that there is no investment contract. Ripple the company, and Brad Garlinghouse the individual, I didn’t enter in any contract with anyone that bought XRP.

At the time of writing, XRP’s price trades at $0.4 with a 9% profit in the last 24 hours and a 48% profit over the past week. The market has positively reacted to a potential positive outcome from the legal battle against the SEC and seems to be pricing in a settlement between the parties.
XRP’s rallying on the 4-hour chart. Source: XRPUSDT Tradingview


In an interview with Ryan Selkis, founder of Messari Crypto, the CEO of payment company Ripple Brad Garlinghouse talked about XRP and its legal battle with a U.S. regulator. The interview took place at Mainnet 2022, an event organized by the on-chain research company. Related Reading: Revolut Fel...

bitcoinist.com

By The Numbers: How Much Ripple Has Spend Fighting The SEC

XRP is the best-performing cryptocurrency in the past seven days, and it’s not even close. Trading at around $0.50, it’s up by more than 50%, leaving all other major altcoins in the dust.
This has had the entire community speculating on possible reasons, so we take a look at two of them that might have caused the surge.
The Ripple-SEC Case
The case between the US Securities and Exchange Commission and Ripple is one that the entire industry is looking at, for the way it ends might have serious implications on other projects as well.
However, Ripple’s legal counsel has demonstrated a predominantly confident stance that XRP is not, by any means, security and has even gone so far as to attack the Commission, citing lack of “investment contract” granting investors rights.
As CryptoPotato reported a few days earlier, Ripple alleged that the SEC’s “untethered position” could deem the sale of all types of ordinary assets, including commodities such as gold, diamonds, soybeans, and so forth – into sales of securities. The company’s counsel also added that the watchdog hasn’t received such authority by Congress.
Interestingly enough, both Ripple Labs and the Securities and Exchange Commission filed two separate motions that called the Southern District Court of New York to make an immediate ruling on whether the XRP sale violated the securities regulations.
This means that, if put forward, the case won’t go any further and may be resolved as quickly as the next few months.
This has obviously had a very positive impact on XRP’s price, and it appears that the market is expecting a positive outcome.
Source: Binance via TradingView
Whales Accumulate XRP
Data from the popular crypto resource Santiment also reveals that large XRP addresses have been in accumulation mode for quite a while.
This has resulted in the price of XRP hitting a one-year high against BTC at 0.000025 BTC. The analytics resource also seems to be of the opinion that the main reason for that is the continued optimism of a potential settlement between the SEC and Ripple.
Active shark and whale addresses holding 1m to 10m XRP have been in accumulation pattern since late 2020.
Source: Twitter
The post 2 Possible Reasons Why Ripple (XRP) Price Skyrocketed 50% in a Week appeared first on CryptoPotato.

XRP's price skyrocketed by over 50% in the past week. Here are two possible reasons why.

2 Possible Reasons Why Ripple (XRP) Price Skyrocketed 50% in a Week

Ripple CEO Brad Garlinghouse says the cost of his firm’s lawsuit with the U.S. Securities and Exchange Commission (SEC) will be well above the nine-figure mark.
In an interview with Ryan Selkis, CEO of crypto analytics firm Messari, Garlinghouse says Ripple Labs is, in a way, representing the whole industry by taking on the SEC.

In late 2020, the SEC sued Ripple Labs for allegedly issuing XRP as an unregistered security, a case that has raised implications for the rest of the digital asset space.
“Now I do think the SEC has been a bit of a bully in the whole industry. We will spend – and I’ve publicly already shared this – well into the over $100 million defending ourselves against the SEC. And there are not a lot of projects that can actually afford. I mean the companies that can afford to do that, it’s not a long list. And so I do think it’s not just important for Ripple, it’s important for the industry that somebody kind of stand up to this.”
Garlinghouse says it’s unreasonable for a precedent to be set where SEC chair Gary Gensler can arbitrarily declare any digital asset an unregistered security.
“This is a federal government agency that works for us. It’s part of the government, we should feel outraged, like the idea that now everything under Gary Gensler’s view is a security is crazy talk.”
The crypto billionaire says that one silver lining of Ripple’s lawsuit is that it’s forcing the crypto space to seriously contemplate the scope of the SEC’s authority over the industry.
“I do think the SEC has kind of gone ‘coo-coo for coco puffs’ and I do think in some positive way it’s catalyzing all of us to write to our legislatures to donate to people we want to get elected and I think maybe the pendulum may swing a little bit to a smackdown to the SEC.”

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.


Featured Image: Shutterstock/Mia Stendal
The post Ripple Will Spend Over $100,000,000 Defending Itself Against the SEC in XRP Lawsuit, Says CEO Brad Garlinghouse appeared first on The Daily Hodl.


Ripple CEO Brad Garlinghouse says the cost of his firm&#8217;s lawsuit with the U.S. Securities and Exchange Commission (SEC) will be well above the nine-figure mark. In an interview with Ryan Selkis, CEO of crypto analytics firm Messari, Garlinghouse says Ripple Labs is, in a way, representing t...

Ripple Will Spend Over $100,000,000 Defending Itself Against the SEC in XRP Lawsuit, Says CEO Brad Garlinghouse

A recent plunge pushed Bitcoin below the $19,000 mark, but it gradually recovered. This action followed its 6% gain as of yesterday. Meanwhile, Ripple Coin (XRP) seems to be among the notable digital tokens in the bullish trend.
Investors incurred huge losses due to the ongoing crypto winter. Many believed that the Ethereum Merge would halt the market’s bearish trend. On the contrary, most altcoins, including BTC, depreciate their prices.

Bitcoin Fails To Jump Above $20,000
Last week, Bitcoin made some promising moves toward the $23K price level. But, unfortunately, that was where its bullish journey ended. From then up to now, the crypto market condition has not been pretty, particularly for investors.
Following the introduction of the U.S. CPI numbers, BTC lost a few more thousand, dropping to the $20K price mark. It maintained this position for a couple of weeks until it rose to about $20,500 on Sunday.
That looked like a start for a bullish move until Monday when its price dropped massively, hitting the $18,300 price level. The three-month low became its lowest bearish benchmark. As of September 20, BTC gained some push to arrive at $19,500.
The 24-hour growth of 1.72% reduced its weekly losses to around 10.90%. While this seems like a good price movement, the token and the crypto market remain in the red zone.
Bitcoin hovers below $20,000 as per the chart l BTCUSDT on Tradingview.com
Recently BTC fought to regain the $19K price. It made some bullish movements at the time. Unfortunately, BTC has lost about 2% of its value in the last 24 hours. Chances are that it will plunge even further before the close of the market.
The token is now down to 39.4% regarding its dominance over other digital tokens. Meanwhile, its market cap has dropped to about $360B.
Ripple XRP Growth Amid Bear Market
Amid the bleeding market, XRP (Ripple) seems to be in the spotlight among the gainers. Its growth can be traced to the recent event between Ripple Labs and the SEC. Ripple trades at $0.4, a 10% increase in the last 24 hours.
Following the Monday red zone parade, several other digital currencies gained some bullish push yesterday. Unfortunately, the green glory didn’t last for many of these digital tokens, according to today’s market watch.
Among the digital assets with the highest losses was Ethereum. The Merge, as many believed, was meant to take Ether to some green heights. While that is probable, Ethereum is currently plummeting to an unknown price level.

A few days back, Ethereum traded at just over the $1,600 mark. Days later, it went down to a little below $1,300. At the time of writing, Ethereum trades at $1,311, around a 1% decrease in the last 24 hours.
Featured image from Pixabay, chart from TradingView.com


A recent plunge pushed Bitcoin below the $19,000 mark, but it gradually recovered. This action followed its 6% gain as of yesterday. Meanwhile, Ripple Coin (XRP) seems to be among the notable digital tokens in the bullish trend. Investors incurred huge losses due to the ongoing crypto winter. Man...

Ripple Gains While Bitcoin Remains Below $20,000

After marking a new three-month low yesterday, bitcoin went on the offensive and reclaimed $19,000.
Most altcoins are also slightly in the green today. Ripple, on the other hand, is this week’s best performer with a massive 60% surge. In the past 24 hours alone, the asset is up by more than 20%.
XRP Takes the Stage
The alternative coins had a few quite turbulent trading days, especially after the US Federal Reserve increased the interest rate by 75 basis points.
Ethereum, which has underperformed since last week’s Merge, dumped to a multi-month low at around $1,200. However, it began recovering value rather rapidly and bounced off to over $1,300. Another 4% increase in the past 24 hours has driven ETH to $1,330 as of now.
Binance Coin, Cardano, Solana, Dogecoin, Polkadot, Shiba Inu, MATIC, and Tron are also slightly in the green from the larger-cap alts.
Ripple, though, continues to steal the show. The native cryptocurrency has skyrocketed by another 22% in the past 24 hours to over $0.5. The asset has added over 60% of value on a weekly scale.
XLM, CRO, ALGO, XCN, and CHZ have all jumped by double-digit percentages from the lower-cap alts.
The crypto market cap is up to almost $950 billion after a $20 billion daily increase.
Cryptocurrency Market Overview. Source: Quantify Crypto
Bitcoin Goes Back to $19K
The primary cryptocurrency was also negatively impacted by the US Fed’s actions. It traded at $19,000 and jumped to $20,000 ahead of the central bank’s announcement.
In a matter of minutes, though, the asset plummeted by almost $2,000. As such, it painted a new three-month low of just over $18,000.
Nevertheless, the bulls stepped up at that moment and pushed BTC north. Yesterday, it touched $19,000, but it went to $19,500 earlier today. As of now, it has retraced by a few hundred dollars but still stands north of $19,000.
Its market capitalization is back beneath $370 billion, and its dominance over the altcoins has taken another hit to 39%.
BTCUSD. Source: TradingView
The post Ripple Explodes 22% Daily, Bitcoin Flat at $19K (Market Watch) appeared first on CryptoPotato.

XRP has soared above $0.5, while ADA is up by 5% following the implementation of the Vasil update. 

Ripple Explodes 22% Daily, Bitcoin Flat at $19K (Market Watch)


XRP has managed to outperform every cryptocurrency in the top 100 coins by market cap gaining over 67% in the last week alone, but what’s behind these bullish waves?



After a long-drawn consolidation, Ripple (XRP) appears to be finally gaining momentum recovering from the months of battered price action. One reason behind this sudden price pump was the possibility of a final verdict and closure of the SEC v Ripple case in the upcoming days. 



Settlement rumors aiding bullishness 



Amid rumors of a Ripple and SEC settlement, a motion was granted to give deadlines to motions to seal requests that prevent evidence. The final deadline for any motion to seal by by third-parties is Dec. 9 and the final date to oppose any motion is Dec. 22.



In a recent interview, Ripple CEO Brad Garlinghouse stated that the Securities and Exchange Commission (SEC) had “lost its way” and was a “cuckoo for cocoa puffs.” Garlinghouse’s statements have further paved the way for the market’s raised expectations. 



Apart from external news that heavily affects investor sentiment, certain technicals and on-chain indicators also painted a pleasant picture for XRP. 



XRP whales back in action 



The XRP price oscillated at the $0.536 mark at press time charting 27.27% gains on the 24-hours chart and almost 67% gains on the weekly price chart.



On-chain data from Santiment presented that active shark and whale addresses holding 1 million to 10 million XRP have been in an accumulation pattern since late 2020. 



Source: Santiment 



With active whales and sharks adding to their balances the same portrays a healthy long-term trend for XRP, which could give the price an added boost. 



That said, the price ratio of XRP/BTC has hit a one-year high of ₿0.000025 breaking from the long-term downtrend that the ratio had followed. 



Sentiment flipping positive 



From a technical perspective, XRP’s price recovered from the long-term descending trendline resistance as trading volumes and open interest on futures contracts saw a major uptick. 



Daily RSI noted highly overbought values indicative of a high buying pressure in the market as bulls dominated. Long-term signals also seemed to turn bullish as the weekly RSI broke out from its own descending resistance line. 



XRP/USDT | Source: TradingView



Open interest in the future and perpetual markets rose by 65.43% in just 24 hours. On the other hand, $14.1 million worth of XRP shorts were liquidated after the bullish price action.



XRP/USD Aggregated Liquidations | Source: Coinalyze / TradingView



In the near term, looking at the saturated market if a short-term pullback takes place, XRP could revisit the $0.39 support.
The post XRP Whales Continue Accumulating as Sentiment Turns Positive appeared first on BeInCrypto.


XRP has managed to outperform every cryptocurrency in the top 100 coins by market cap gaining over 67% in the last week alone, but what’s behind these bullish waves?
The post XRP Whales Continue Accumulating as Sentiment Turns Positive appeared first on BeInCrypto.


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XRP Whales Continue Accumulating as Sentiment Turns Positive

Crypto analytics firm Santiment says both Bitcoin (BTC) and XRP are flashing bullish signals amid the market downturn.
Starting with Bitcoin, Santiment says that the social dominance metric of the flagship crypto asset has gone up.

According to Santiment, the social dominance metric, which indicates the percentage of discussions on various platforms focused on one asset at any given time relative to other assets, has historically acted as a reliable signal for predicting the bottom.
“Bitcoin’s price has hit a three-month low. According to our sentiment data, negative comments surged to month highs. Shorting on exchanges has at least halted the bleeding. BTC social dominance has also spiked, which is historically a good bottom signal.”
Source: Santiment
Turning to XRP, Santiment says that optimism among traders that Ripple Labs and the U.S. Securities Exchange will reach a settlement in the ongoing lawsuit has contributed to a price bump for the sixth-largest crypto asset by market cap.
“XRP Network is +17% this past week, while Bitcoin (-5%), Ethereum (-16%), and most of crypto has declined. The ongoing battles between Ripple and the SEC regarding increased regulation has mainly led to increased trader optimism and high whale movement.”
Source: Santiment
Santiment next turns to Ethereum (ETH) fork and proof of work blockchain, Ethereum Classic (ETC). The crypto analytics firm says that the 22nd-biggest crypto asset by market cap is set to fall further as short interest surges.
According to Santiment, Ethereum Classic is experiencing the highest level of short interest on exchanges among 150 crypto assets, in contrast with blockchain interoperability platform Ren (REN) which is witnessing the highest level of long interest.
“Ethereum Classic has seen a high level of bets against its price, particularly after last week’s ETH merge. On the other end, there are a lot of longs toward Ren. Overall, though, the perpetual contract funding rates on exchanges point to traders expecting further downside.”
Source: Santiment
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The post Analytics Firm Says Bitcoin and XRP Flashing Bullish Signals, Predicts Further Downside for One Top-25 Altcoin appeared first on The Daily Hodl.


Crypto analytics firm Santiment says both Bitcoin (BTC) and XRP are flashing bullish signals amid the market downturn. Starting with Bitcoin, Santiment says that the social dominance metric of the flagship crypto asset has gone up. According to Santiment, the social dominance metric, which indica...

Analytics Firm Says Bitcoin and XRP Flashing Bullish Signals, Predicts Further Downside for One Top-25 Altcoin

Ethereum started an upside correction above $1,250 against the US Dollar, following XRP rally. ETH could gain bullish momentum if it clears the $1,400 resistance.

Ethereum started a recovery wave above the $1,250 and $1,300 levels.
The price is now trading above $1,300 and the 100 hourly simple moving average.
There is a major bearish trend line forming with resistance near $1,385 on the hourly chart of ETH/USD (data feed via Kraken).
The pair could recover further it clears the key $1,400 resistance zone.

Ethereum Price Recovers
Ethereum managed to stay above the $1,220 support zone. ETH started an upside correction above the $1,250 level after ripple’s xrp started a strong upward move.
Ether price was able to clear the $1,260 and $1,280 resistance levels. There was a break above the 50% Fib retracement level of the downward move from the $1,420 swing high to $1,220 low. It is now trading above $1,300 and the 100 hourly simple moving average.
It seems like the price is trading in a positive zone above the $1,320 level. On the upside, the price is facing resistance near the $1,380 level.
There is also a major bearish trend line forming with resistance near $1,385 on the hourly chart of ETH/USD. The trend line is near the 76.4% Fib retracement level of the downward move from the $1,420 swing high to $1,220 low.

Source: ETHUSD on TradingView.com
The next major resistance is near $1,400 level. A clear break above $1,400 might start a decent increase towards the $1,450 level. Any more gains may perhaps open the doors for a move towards the $1,500 resistance.
Fresh Decline in ETH?
If ethereum fails to recover above the $1,400 resistance, it could start a fresh decline. An initial support on the downside is near the $1,330 zone and the 100 hourly simple moving average.
The next major support is near the $1,288 level. A downside break below the $1,288 support might spark another sharp decline. In the stated case, ether price might drop towards the $1,220 level in the near term.  Any more losses could increase selling and the price might drop to $1,150.
Technical Indicators
Hourly MACD – The MACD for ETH/USD is now gaining momentum in the bullish zone.
Hourly RSI – The RSI for ETH/USD is now above the 50 level.
Major Support Level – $1,288
Major Resistance Level – $1,400


Ethereum started an upside correction above $1,250 against the US Dollar, following XRP rally. ETH could gain bullish momentum if it clears the $1,400 resistance. Ethereum started a recovery wave above the $1,250 and $1,300 levels. The price is now trading above $1,300 and the 100 hourly simple m...

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