The strength in the United States dollar index could keep Bitcoin and select altcoins under pressure in the near term. Bitcoin’s (BTC) weakness on Sep. 24 shows that the bears remain in control. Sellers are trying to pull the price below $26,000 but the bulls are likely to defend the level with vigor. Buyers are…
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In an era where crypto analysis is ever-evolving, some sentiments retain their significance. This was underscored when XRP influencer Crypto Eri delved into a statement from Ripple’s CTO, David Schwartz, that, although over five years old, still echoes pertinently within today’s cryptocurrency discourse. When Crypto Eri shed light on this older response from Schwartz, she…
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After being the victim of a red wave on Thursday, XRP rebounded in today’s session, as crypto bulls remained resilient. The global market cap is up by 0.40% at the time of writing, following a 2% drop yesterday. Stellar was another strong mover on Friday, and is currently up 2.25% XRP XRP was back in…
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Bitcoin and the major altcoins are down from their weekly highs, but the bulls are trying to form a higher bottom, indicating buying on dips. The Federal Reserve did not hike interest rates in its meeting on Sept. 20 but hinted that rates could remain higher for longer. At the post-meeting press conference, Fed Chair…
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Renowned crypto analyst EGRAG Crypto has unveiled a fresh XRP price prediction, introducing the community to a less-known indicator, the “Average Sentiment Oscillator” or ASO. Commenting on its significance, EGRAG explained on Twitter today: “Exciting ASO Update Alert! Check out the post from September 9th to witness the impressive ascent and curve of the bullish…
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Prominent analyst EGRAG CRYPTO has brought attention to the potential of a significant surge in the XRP price, based on a technical analysis that relies on Fibonacci retracement levels. According to a recent tweet from the analyst, “#XRP Color Code To $1.4: If XRP triumphantly closes above the Fib 0.5 level at $0.57 with undeniable…
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Bitcoin and other cryptocurrencies are likely to witness a pick up in volatility following the Fed’s rate decision on Sep. 20. Bitcoin’s (BTC) recovery is facing selling above $27,000, indicating near-term nervousness due to the Federal Reserve’s meeting on Sep. 20. However, long-term investors are unfazed and they have continued to accumulate. Glassnode data shows…
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XRP was a big mover on Wednesday, despite cryptocurrency markets mostly consolidating in today’s session. Traders have moved to secure recent gains, ahead of September’s Federal Reserve interest rate decision. Polygon was also in the green, hitting a two-week high in the process. XRP XRP, formerly ripple, was a notable gainer in today’s session, as…
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Ripple Labs has once again become the focus of much scrutiny and debate within the XRP community. Recent data points to a series of high-volume XRP transactions totaling 506 million tokens, valued at approximately $260 million, carried out over the span of 19 days. What makes these transactions especially noteworthy is not just their sheer…
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On Monday, the New York Department of Financial Services (NYDFS) introduced updated standards for its virtual currency oversight while removing Ripple (XRP) from “its approved list of cryptocurrencies.” According to the updated standards, NYDFS reviewed its existing list of approved cryptocurrencies, creating a new list, called the “Greenlist.” According to the official website of the…
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