Bitcoin and altcoins are facing selling near key resistance levels, but for now the possibility of a sharp fall remains low.
Founded in 2012 as OpenCoin, Ripple Labs is the software company developing the XRP cryptocurrency and distributed ledger technology alongside a suite of payment protocols for streamlined cross-border settlement for financial institutions.
XRP functions as the bridge currency underlying Ripple’s liquidity and exchange product, xRapid, which provides financial institutions a medium for global value transfer between various fiat currencies.
XRP Ledger is the open-source DLT that provides cryptographically secure, verifiable settlement of the XRP currency. XRP Ledger is not part of Ripple’s suite of proprietary software products, as it is accessible and open to all.
At Cointelegraph, we are chronicling the progress of Ripple Labs (and XRP) as it competes with cryptocurrency protocols and traditional fintech platforms alike.
Bitcoin and a few altcoins have broken above key resistance levels, which suggests that the bulls are attempting to take control of the market.12935
Bitcoin and several altcoins are trying to break out of their respective overhead resistance levels in order to restore bullish momentum.15172
Although Bitcoin price is range-bound, a few altcoins have started a relief rally which could push them above key resistance levels.17184
If the bulls can find momentum from the current bounce in Bitcoin and altcoins a short-term bottom may be in place.19900
The strong performance from DeFi tokens has far eclipsed that of many top-10 altcoins but how long can this trend last?16064
Bitcoin and altcoins could consolidate in a tight range for a few days before making the next decisive move.27455
A dead cat bounce from Bitcoin and altcoins’ critical support levels may attract further selling that could result in lower levels over the next few days.27813
Ripple’s Japanese partner wants to lead financial innovation in the country.8137
If the bearish patterns on Bitcoin and altcoins complete the current correction could see prices drop to new lows.25188
But XRP isn’t competing with Tether.11970
Bitcoin and altcoins have bounced off their range lows, but they are likely to encounter resistance at higher levels.32095
Bitcoin and altcoins are holding key support levels, suggesting bulls will try to break above overhead resistance levels soon.24650
A forex exchange in Japan will start crypto CFD trading soon.17741
The Flare Network plans to build a new two-way bridge connecting XRP to the Ethereum ecosystem.19634