Tag: XRP

Three-quarters of institutions to use crypto in the three years: Ripple
Blockchain News

Three-quarters of institutions to use crypto in the three years: Ripple

A whopping 76% of surveyed financial institutions plan on using crypto within the next three years, according to the report. Ripple's new report highlights trends in the adoption and utilization of emerging technologies like crypto and blockchain in enterprise and financial institutions. Both financial institutions and enterprises are understanding the benefits of internal crypto usage. The most common reason is that crypto gives more people access to more financial services, says 42% of financial institutions and 41% of enterprises.According to the survey, portfolio management and payments come forward as the most valuable additions to the enterprise world. Portfolio management is detailed as hedging against inflation, hedging against other asset types and asset appreciatio...
FOMO Pay taps Ripple’s liquidity solution for treasury management
Blockchain News

FOMO Pay taps Ripple’s liquidity solution for treasury management

Singapore-based institutional digital payment solution provider FOMO Pay has become the latest fintech firm to integrate Ripple’s liquidity solution called on-demand liquidity (ODL).FOMO Pay would use the popular crypto enterprise technology to improve its cross-border treasury settlements. Earlier, the firm used the traditional payment system for cross-border settlement of euro and United States dollar trades, which took up to two days. However, with ODL integration, the firm aims to achieve an instant settlement with very low transaction costs.Louis Liu, founder and CEO of FOMO Pay said:“We are excited to partner with Ripple to leverage On-Demand Liquidity for treasury management, which allows us to achieve affordable and instant settlement in EUR and USD globally.” Ripple’s ODL ser...
XRP price rally stalls near key level that last time triggered a 65% crash
Altcoins

XRP price rally stalls near key level that last time triggered a 65% crash

Ripple’s (XRP) ongoing upside retracement risks exhaustion as its price tests a resistance level with a history of triggering a 65% price crash.XRP price rebounds 30% XRP’s price gained nearly 30%, rising to $0.36 on June 24, four days after rebounding from $0.28, its lowest level since January 2021. The token’s retracement rally could extend to $0.41 next, according to its cup-and-handle pattern shown in the chart below.XRP/USD four-hour price chart featuring "cup and handle" pattern. Source: TradingViewInterestingly, the indicator’s profit target is the same as XRP’s 50-day exponential moving average (50-day EMA; the red wave).XRP/USD daily price chart featuring 50-day EMA upside target. Source: TradingViewMajor resistance hurdleThe cup-and-handle bullish reversal setup te...
XRP price technical breakdown boosts chances of a 40% drop by July
Altcoins, Analysis

XRP price technical breakdown boosts chances of a 40% drop by July

Ripple (XRP) price stares at potential losses in the coming weeks as it breaks out of a "descending triangle" pattern, with its bias skewed toward the downside.Major XRP breakdown underwayTo recap, XRP started forming the technical structure after reaching $1.98 in April 2021, its second-highest level to date. In doing so, the token trended lower inside a range defined by a falling resistance trendline and a horizontal support trendline.On May 16, 2022, XRP broke below the triangle's support trendline, accompanying a decent increase in trading volumes. The move confirmed the descending triangle as a bearish reversal indicator. Meanwhile, as a rule of technical analysis, XRP now risks extending its downside move by as much as the triangle's maximum height when measured from the breakdo...
Crypto funds under management drop to a low not seen since July 2021
Altcoins

Crypto funds under management drop to a low not seen since July 2021

Digital asset investment products saw $141 million in outflows during the week ending on May 20, a move that reduced the total assets under management (AUM) by institutional funds down to $38 billion, the lowest level since July 2021. According to the latest edition of CoinShare’s weekly Digital Asset Fund Flows report, Bitcoin (BTC) was the primary focus of outflows after experiencing a decline of $154 million for the week. The removal of funds coincided with a choppy week of trading that saw the price of BTC oscillate between $28,600 and $31,430. BTC/USDT 1-day chart. Source: TradingViewDespite the sizable outflow, the month-to-date BTC flow for May remain positive at $187.1 million, while the year-to-date figure stands at $307 million.On a more positive note, the multi-asset catego...
What are the most bullish cryptocurrencies to buy right now? | Find out now on The Market Report
Altcoins, Analysis

What are the most bullish cryptocurrencies to buy right now? | Find out now on The Market Report

The Market Report with Cointelegraph is live right now. On this week’s show, Cointelegraph’s resident experts discuss what they believe are the top three most bullish coins one should take a closer look at.But first, market expert Marcel Pechman carefully examines the Bitcoin (BTC) and Ether (ETH) markets. Are the current market conditions bullish or bearish? What is the outlook for the next few months? Pechman is here to break it down.Next up: the main event. Join Cointelegraph analysts Benton Yaun, Jordan Finneseth and Sam Bourgi as each makes his case for the most bullish cryptocurrency right now. First up, we have Bourgi with his pick of Dogecoin (DOGE), which is incredibly popular mostly because of personalities like Elon Musk and Mark Cuban. There is even speculation that there ...
XRP price rebounds after worst month since June 2021 — major recovery ahead?
Altcoins, Bitcoin

XRP price rebounds after worst month since June 2021 — major recovery ahead?

Ripple (XRP) opened in May with a decent price rebound after falling 28% in April, its worst monthly performance since June 2021. Furthermore, the XRP/USD pair shows prospects of continuing its recovery trend in the coming weeks.Support confluence raises XRP bullish prospectsXRP's price rose by nearly 6.25% in the first two days of May, going as high as $0.63 (data from Binance). The buying sentiment surged around $0.58, a level that acted as strong support in January 2022 and enabled XRP to rise by more than 50% thereafter.XRP/USD daily price chart featuring support area around $0.58-level. Source: TradingViewInterestingly, the $0.58-support coincides with XRP's 200-week exponential moving average (200-week EMA; the blue wave in the chart below). It also serves as the lower trendline of a...
Could XRP price lose another 70% by Q3?
Altcoins, Bitcoin

Could XRP price lose another 70% by Q3?

Ripple (XRP) continued its correction trend on April 25, falling by 5.5% to reach $0.64, its lowest level since Feb. 28.More XRP price downside ahead?The plunge increased the possibility of triggering a bearish reversal setup called descending triangle. While these patterns form usually during a downtrend, their occurrences following strong bullish moves usually mark the end of the uptrend.XRP has been in a similar trading channel since April 2022, bounded by two trendlines: a lower horizontal and an upper downward sloping. The pattern now nears its resolve as XRP pulls back toward the support trendline that's also coinciding with the 50-week exponential moving average (50-week EMA; the blue wave), five weeks after testing the upper trendline as resistance.XRP/USD weekly price ch...
Cointelegraph’s experts reveal their crypto portfolios | Watch now on The Market Report
Altcoins

Cointelegraph’s experts reveal their crypto portfolios | Watch now on The Market Report

On this week’s show, Cointelegraph’s resident experts reveal exactly what percentages of their portfolios are allocated to what coins and why.But first, market expert Marcel Pechman carefully examines the Bitcoin (BTC) and Ether (ETH) markets. Are the current market conditions bullish or bearish? What is the outlook for the next few months? Pechman is here to break it down.Next up: the main event. Join Cointelegraph analysts Benton Yaun, Jordan Finneseth and Sam Bourgi as they reveal their crypto portfolios. We kick things off with Bourgi, whose top holdings are BTC with 67%, ETH with 20%. No surprise there but what about the rest? It's an interesting mix, to say the least so make sure you stick around to find out. Next, we have Yuan, whose top three holdings are 35% BTC, 28% Terra (LUNA) ...
Law Decoded: Paris is always a good idea, even for talking crypto policy — April 11–18
Analysis

Law Decoded: Paris is always a good idea, even for talking crypto policy — April 11–18

Last week was the Paris Blockchain Week, and the epicenter of crypto policy and regulatory conversation moved to the French capital accordingly. Cointelegraph reported extensively from the ground and ran a series of interviews with some of the crypto industry’s captains who shared their thoughts on the state of regulatory affairs. For one, Binance’s Changpeng Zhao said that he was excited to see regulators embracing financial innovation and introducing crypto-friendly policies, calling it a major trend of 2022. Bertrand Perez, chief operating officer of the Web3 Foundation, opined that many policymakers, including some in the European Union, still tend to act too fast on crypto regulation without getting properly educated on the subject first. Ripple’s Brad Garlinghouse even filled in the ...