While other best-performing coins enjoy the ride against USD, Ripple’s XRP has suffered a bearish action on both the USD and BTC pair over the past weeks.Ripple’s XRP is likely to run a bearish retracement before the rally continuesXRP price is nearing the long-term falling trend-line (yellow in the chart provided below) with a possible bounceTechnical indicators turned bearish following the significant price reduction in the market
The past few days, trading has made the Ripple coin market to see a severe price reduction, which paints an ugly scenario as a result of enormous selling pressure in the market. As a matter of fact, the cryptocurrency had been down by 38% [...]
It will be interesting to hear what the two significant companies will have to say during the conference, and maybe we might be in for an announcement from the pair.
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The recent Bull Run of Bitcoin has transformed the crypto market putting a notable impact over other major cryptocurrencies. Over the last weekend, Bitcoin had witnessed a surge in which its price reached over $9000 from its previous price range around $8800. Now, Bitcoin believers are expecting the BTC price to break through the psychological price barrier of $10,000.
The same BTC price hike has propelled XRP price trend to take a bullish approach. XRP, which kept hovering between $0.40 to $0.39 broke the major resistance level at $0.41 and saw some impressive price surge over the last couple of days.Current Statistics: StatisticsRipple (XRP)Bitcoin (BTC)Price [...]
Siam Commercial Bank (SCB), Thailand’s largest commercial bank, has denied it plans to start using Ripple’s XRP token, contrary to earlier indications. The bank’s denial was communicated in a tweet published on June 7.
The bank’s denial was prompted by an earlier post on social media dated June 5, when the bank’s official Twitter handle had responded to a user’s question regarding XRP and revealed ostensible plans to announce details of an unspecified “XRP system […] soon.”
With the June 5 tweet having since been deleted, SCB today has firmly stated that:
“We are so sorry for the previous information of the [...]