XRP Falls to a New Low against BTC, Could Further Fall to Find New Support

2020-6-12 18:22

Yesterday, XRP dropped to a new low against BTC, since December 2017. The fourth-largest cryptocurrency dropped to 0.0000205 yesterday in the BTC market after the world’s leading digital currency jumped on the back of the Fed’s dovish tone.

This has been while last week, the digital asset entered the top spot on emerging trends with a massive spike in its social volume. There have also been potential indicators of an upcoming decoupling from bitcoin but nothing has happened yet.

After EOS, XRP is the one that has lost the most over 22% against BTC in 2020 so far.

According to the veteran trader, Peter Brandt, if XRP/BTC doesn't find its way back to the support line, it could fall further to find new support at 0.0000194.

Looks like Ripple Labs @Ripple has blown the wad allocated to support XRPBTC at .00002060 to .0002075 levels. If ice-line cannot be reclaimed, look for new support at .0000194 on way to .0000145
Hey, I'm just a boomer who hates XRP pic.twitter.com/L0wL3TA1s3

— Peter Brandt (@PeterLBrandt) June 10, 2020

Back in March, Brandt broke its promise to never again post a chart of XRP only to share that the digital currency has all the “white space” to fall in. This time, he “just cannot stand not taking a shot at XRP when it deserves to be shot at.”

Many XRP enthusiasts argue that instead of comparing XRP with BTC, it should be measured in the USD market. However, even against the US dollar, XRP isn’t doing any good. As we reported, XRP recorded the second least amount of gains in the top 25 cryptos.

As a matter of fact, while bitcoin has been holding steady for the past few weeks, altcoins have been rallying. Although small-cap altcoins are really the winners of this rally, large-cap altcoins are also surging, if not as much as small-cap coins.

In 2020, so far, Ethereum has seen an increase of 87%, BSV 99%, Cardano 144%, Tezos 114%, and Chainlink 133% to name a few.

Even Ripple’s competitor Stellar Lumens (XLM) registered a jump of 68% YTD in comparison to XRP’s 3.75%. Currently, XRP/USD is trading at $0.20, with 0.35% losses.

All of this while Ripple continues to grapple with lawsuits, however, CEO Brad Garlinghouse says these legal cases fail to show how the company and Garlinghouse committed fraud in selling XRP in 2017.

Ripple’s lawyers are arguing that plaintiff Bradley Sostack’s amended complaint, filed in March, must show how the fraud was committed and that it was done knowingly. They are now asking the court to dismiss the case with prejudice and without leave to amend.

Ripple (XRP) Live Price 1 XRP/USD =$0.1932 change ~ -1.67%

Coin Market Cap

$8.36 Billion

24 Hour Volume

$238.72 Million

24 Hour VWAP

$0

24 Hour Change

$-0.0032 var single_widget_subscription = single_widget_subscription || []; single_widget_subscription.push("5~CCCAGG~XRP~USD");

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Time New Bank (TNB) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.01 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Цена в час новости $ 0.0020017 (-100%)

btc new yesterday dropped xrp against low

Источник: bitcoinexchangeguide.com

btc new → Результатов: 126


Фото:

Bitcoin (BTC) ETF Might Be Possible With the Bakkt Announcement, says CNBC’s Brian Kelly

Less than 24 hours ago, the owners of the New York Stock Exchange – Intercontinental Exchange (ICE) – announced that they would be partnering with Microsoft, BCG, Starbucks and other firms, to launch  a market and ecosystem to list physically settled Bitcoin futures contracts and for a new company to push Bitcoin and other digital assets […] The post Bitcoin (BTC) ETF Might Be Possible With the Bakkt Announcement, says CNBC’s Brian Kelly appeared first on Ethereum World News.

2018-8-4 11:38


Фото:

Paul Krugman: Bitcoin Will “Set the Monetary System Back 300 Years”

Bitcoin (BTC)–Bitcoin is again in the headlines being criticized by a Nobel Prize winning economist. Paul Krugman, one of the most accoladed and celebrated economists of our time, has again written in his contribution to The New York Times that Bitcoin fails to constitute money, but could also be responsible for erasing much of the […] The post Paul Krugman: Bitcoin Will “Set the Monetary System Back 300 Years” appeared first on Ethereum World News.

2018-7-31 20:03


Фото:

Key Swiss online bank posts increase their profits after providing Crypto investment to customers

In July 2017, the Swiss-based online bank was credited by many with becoming “the first” European online bank to launch Bitcoin (BTC) trading accounts for its clients. Finews attributes Swissquote’s bullish growth in Q1 2018 to a “brisk demand” for crypto products and the soaring fortunes of crypto markets earlier this year. Net new capital

2018-7-31 16:02


Фото:

Latest Extraction Request Obfuscates Investigation of Bitcoin Scam Suspect Alexander Vinnik

A Greek court has accepted a Russian request to extradite Bitcoin (BTC) fraud suspect Alexander Vinnik, complicating subsequent international litigation, the Associated Press reported July 30. A panel of senior judges in the city of Thessaloniki ruled in favor of a new extradition request from Russia for the accused computer expert. The court’s decision complicates

2018-7-31 05:21


Фото:

Market Update – BTC, XRP & BCH, Mixed Messages But Markets Still Positive

After a pretty solid week of gains and positive movements, we enter this new week on a positive note. Values are up and as it stands, things look pretty promising as we head into August. We are now in a position in which we may very well see, for the first time in a couple of months, a number of cryptocurrencies make way back up to their target figures.

2018-7-30 12:03


Vitalik Buterin Proposes Preloaded Crypto Cards

Ethereum creator Vitalik Buterin took to Twitter today to suggest a new way to promote the adoption of cryptocurrency: make preloaded cryptocurrency cards (essentially, crypto gift cards) available at corner stores: I think there’s too much emphasis on BTC/ETH/whatever ETFs, and not enough emphasis on making it easier for people to buy $5 to $100… The post Vitalik Buterin Proposes Preloaded Crypto Cards appeared first on UNHASHED.

2018-7-30 03:08


Фото:

Gallup Poll: 26% of U.S. Investors ‘Intrigued’ By Bitcoin (BTC)

Bitcoin (BTC)–Potential adoption for the top ranked cryptocurrency by market capitalization looks a whole lot better following the release of a new Gallup poll. Quarter of Investors Interested in Bitcoin On Friday, the results of a Wells Fargo/Gallup poll revealed that while only a small percentage of Americans are currently invested in Bitcoin, over a […] The post Gallup Poll: 26% of U.

2018-7-29 22:42


дальше еще 77 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

XRP обновил трехлетний максимум в районе $1,7

XRP вырос до $1,6833, обновив максимум начавшегося в ноябре восходящего движения. Последний раз котировки выше текущих значений были в апреле 2021 года, с тех пор актив торговался ниже. Часовой график XRPUSDT биржи Binance.

Ripple and CEO Brad Garlinghouse’s Top 5 Crypto Wins of 2022

It's been a challenging year for many in crypto, but for Ripple Labs and chief executive Brad Garlinghouse, 2022 has brought a number of successes. The post Ripple and CEO Brad Garlinghouse’s Top 5 Crypto Wins of 2022 appeared first on BeInCrypto.