XRP Price Analysis: Unable to Hold Gains XRP/USD Breaks Back Beneath $0.2, CFPB Report Reveals Tracking of Remittance Industry Like Ripple

Since breaking beneath pivotal moving average, Ripple’s XRP has stayed in a shifting spot throughout the weekend. The break beneath $0.2 has led XRP to drop its long-lasting 3rd place rating to the USDT Stablecoin-Tether among top cryptocurrencies by market cap. XRP currently has a market cap value of $8.7 billion while Tether has a market cap of $8.8 billion as it pushes XRP to 3rd place. XRP/USD is losing value at $0.1975 at the time of this post; the medium-term bias remains bearish. The price of the third-largest digital asset has shifted slightly since the beginning of the day and in the last 24 hours. A recent report by the Consumer Financial Protection Bureau (CFPB) revealed that the agency has been tracking developments regarding transparency and adoption in the remittance market. Specifically, the CFPB stressed that XRP could be used to secure cross-border money transfer settlements.

*XRP/USD is losing value at $0.1975 at the time of this post; the medium-term bias remains bearish
*XRP currently has a market cap value of $8.7 billion while Tether has a market cap of $8.8 billion as it pushes XRP to 3rd place
*(CFPB) revealed that the agency has been tracking developments regarding transparency and adoption in the remittance market.

Key Levels
Resistance Levels: $0.2200, $0.2150, $0.2070
Support Levels: $0.1900, $0.1766, $0.1600

XRP/USD Daily Chart: Ranging

XRP/USD Daily Chart

Despite its remarkable progress over the past few weeks, XRP has attempted to break in the past week on several instances beyond the daily MA 200. Lately and throughout the historic price movements of XRP the daily MA 200 has become a significant level of resistance, causing immense pullbacks.

The first support level can be discovered at $0.1900 (0.382 retracements) once sellers push lower. On the other side, once buyers can regain $0.2000, the first level of strong resistance is $0.2070, beyond that, $0.2150, $0.2200 resistance is projected. The RSI is heading beneath level 50 which is showing weak bearish momentum on the market. When the RSI continues to plummet, then XRP might be projected to reach through and maybe even underneath the $0.1900 support.

XRP/USD 4-Hour Chart: Ranging

XRP/USD 4-Hour Chart

Recovery for XRP is constrained by MA 50 on the 4-hour time frame (currently at $0.2010). A stable push beyond this region may boost the analytical context, but for growth to gain traction, we may have to see follow-through to $0.2070. A feasible push beyond this area may enable an enhanced positive side to $0.2150 and $0.2200 which has held as the top line of the recent consolidation channel.

On the contrary, the fall at $0.2010 beneath 4-hour MA 50 puts the next emphasis at $0.1900 on the horizontal support level. Once breached, the sell-off may be extended at $0.1766 (psychological near-term swing low level of the MA 50 as seen on the daily chart) towards a 10th May low-level retest. A rejection from here would imply a price bounce activity over the coming weeks, which is likely to trigger a $0.2357 high April 30 retest.

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Ethereum DeFi Is the “New Vista” of Blockchain, Winklevoss Twins Disclose “Huge” ETH Stake As Bulls Launch Assault on Bitcoin

Launched in 2015, Ethereum is the world’s programmable blockchain.

Ethereum’s programmability implies that developers can use it to build new kinds of applications. These Decentralized Applications (or “DApps”) stand dual benefits of cryptocurrency and blockchain technology.

When the second-largest cryptocurrency, Ethereum was launched with the earmark of being “The World Computer” able to write any type of code, it seemed as if the definition of its use was just a mere cliche.

Two years after Ethereum was launched, its primary usage was as a platform for initial coin offerings (ICOs) for other crypto assets. This use case remained till 2018. Apart from this primary usage, Ethereum also found use in token issuance, Decentralized Gambling Apps, and CryptoKitties.

Notwithstanding the limitations in its usage, in January 2017, Ethereum rose from just a few dollars to nearly $1,400 till early 2018 gaining 28,000% in the process. This stunt which spanned for more than a year earned Ethereum the title of the world’s best-performing assets then.

Stablecoins and Decentralized Finance (DeFi) became popular as Ethereum’s use case in 2019.

ETH/USD Daily Chart

Ethereum (ETH) is trading at $204.28 at the time of writing.

Winklevoss Twins Have a “Huge” Ethereum Stake

The duo of Tyler and Cameron Winklevoss are mostly regarded as crypto enthusiasts especially Bitcoin, therefore their recent disclosure of having a huge stake in Ethereum may not necessarily come as a big surprise. It is speculated that the Winklevoss twins hold 1 Billion worth of Bitcoin while the exact worth of their Ethereum stake is yet to be known, Cameron Winklevoss in an interview stated it was in the same class as their Bitcoin’s stake.

The facts presented here may imply that the “Huge” stake could be $1 billion worth of Ether or a percent of ETH circulating supply which will equate to nearly $230 million in ETH. What seemed to be the drive of Winklevoss was seen in their recent comments on Ethereum DeFi (Decentralized Finance) which connotes financial smart contracts, Decentralized Applications (DApps), and protocols built on Ethereum.

The Winklevoss brother stated that he believes that Ethereum DeFi is a “New Vista’’, a new type of system for which Bitcoin paved the way.

Decentralized Finance, DeFi inspires their general view regarding cryptocurrencies, he said.

ETH/BTC Daily Chart

Ethereum bulls seem to be pleased with the news of the Winklevoss’ huge Ethereum stake as Ethereum (ETH) rose in its BTC pairing.

Not Only Bullish on DeFi, but Ethereum (ETH) Is Also Bullish in Its Bitcoin (BTC) Pairing

Ethereum (ETH) was seen to rally by 10% against BTC in the last 9 days. A well-known crypto trader stated that the recent surge led to Ethereum breaching critical resistance in which going by historical antecedents has spurred gains as large as 20%, based on this premise, ETH/BTC rally may be further extended in the days ahead.

Analysts are speculating that the Ethereum bulls’ stint against Bitcoin may be shortlived due to “considerable uncertainty” regarding the Ethereum 2.0 upgrade.

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Mobility and Environment related panel discussion to be joined by Jennifer Morgan (Greenpeace International) at TCE2020VE

Europe – 20 May 2020 – #tce2020ve The virtual edition of TECH Conference Europe is addressing some of the most vital subjects, among which mobility and environment.

In every city and community around the world, congestion and high traffic have reached unbearable levels. It is simply destroying our quality of life and our environment, not to mention wasting our time, damaging our health and without any doubt killing people. During the global pandemic, things have changed and we now see it’s possible to reduce the harm we do to our environment.

But if you look into the subject deeper, you will find that congestion is not something that is happening to you. You are the congestion and the worldwide lockdowns have shown us that. 

Each and every time you choose to get into your car alone and drive into the city, you are part of the problem which is not going away that easily. You are, in effect, doing this to yourself – which means you can choose to do something different.

There is no doubt that in many cities around the world, soon you will not be allowed to drive your car into the city or it will become so expensive that you will choose to do opt for a different method of travel.

On the 9th of June at TCE2020VE, you have the opportunity to hear more about these subjects and the plans that being implemented as you are reading this news from the top experts in the field.

The “MOBILITY AND THE ENVIRONMENT DURING GLOBAL PANDEMIC” panel discussion will be joined by Jennifer Morgan (Greenpeace International Executive Director), Rauno Parras (Director of parcel services at Itella Estonia), Gerard Martret (Co-Founder & CCO at Shotl), and will be moderated by Jaka Repanšek (Media and TECH Law Expert).

The seats are limited, so make sure to register in time on the following link!

Jennifer Morgan is a world-leading expert on climate issues and civil society advocacy. Recently voted by apolitical as one of the world’s top 20 most influential people in climate policy, Morgan is currently the Executive Director of Greenpeace International.

Involved in climate change issues for over twenty years, Morgan has held a series of directorship roles of climate programs at different non-governmental organizations, including the World Resources Institute, E3G, and WWF, and participated in every COP meeting since the first in Berlin in 1995.

Jennifer was also a Review Editor for the 5th Assessment Report of the Intergovernmental Panel on Climate Change (IPCC) and has served on the Advisory Board to the Grantham Institute on Climate and the Environment.

Previously, she served on the German Council on Sustainable Development and was a member of the Scientific Advisory Board of the Potsdam Institute for Climate Impact Research.

At Germanwatch’s 20th anniversary celebration, Jennifer was named an honorary member of the organization for her long-term commitment to international climate issues and the empowerment of civil society.

Follow her on Twitter at https://twitter.com/climatemorgan

Visit www.virtualedition.techconference.eu for more details!

For further inquiries about the speaking/attending/sponsoring options, make sure to send an email to Andrada Bota (B2B Sales Executive at Hipther Agency) 

For media-related inquiries, please contact Alexandru Marginean (Marketing Specialist at Hipther Agency).

Hipther Agency (organizers of TECH Conference Europe) press contacts:

Zoltan Tuendik, Head of Business

zoltan.tundik@techconference.eu, +40 735 559 234

Alex Marginean, Marketing Specialist

alex@techconference.eu, +40 731 394 220

About Hipther Agency

Hipther Agency is the parent brand for several new outlets and boutique-style conferences which are represented in large by European Gaming Media and Events, and PICANTE Media and Events.

Launched in 2019, the agency enhances the offering of the two leading brands under one strong parent brand by also offering new services and tools for a worldwide reach.

For more details visit www.hipther.agency

About European Gaming Media and Events

European Gaming Media and Events is a leading media and boutique event organizer in the European Union with a monthly reach of +50,000 readers. 

The official company (PROSHIRT SRL), has been listed for 4 years in a row among the top 3 Advertising and market research agencies in the local Top Business Romania Microcompanies based on the Financial Reports.  

The events division produces the prominent conferences in the region such as:

  • CEEGC (Central and Eastern European Gaming Conference)

  • CEEG Awards (Central and Eastern European Gaming Awards)
  • Prague Gaming Summit
  • MARE BALITCUM Gaming Summit
  • Baltic and Scandinavia Gaming Awards
  • EGC (European Gaming Congress)
  • The Southern European Gaming Awards
  • VIGE (Vienna International Gaming Expo)

The live events/conference division is in charge of organizing boutique style executive gaming events that focus on bringing inside information from the top gaming experts in the European Union and beyond. 

In short, they cover most areas of Europe with international events that serve the local and global industry, optimize networking opportunities, and bring the hottest topics into scope.

For more details about the latest industry news, events calendar or subscription opportunities, visit europeangaming.eu

About PICANTE Media and Events

PICANTE.today is a news publishing website that digests/handpicks the latest news about technology, entertainment, lifestyle, finance, and politics and serves them to their readers and subscribers daily.

As a responsible learning source, the team at PICANTE Media and Events are committed to 3 main principles:


Trusted and Reliable Reporting & Publishing

The articles and press releases on their website are all published from verified sources.

NO Psychological and Emotional Manipulation

The editorial team and marketing team do not aim to produce emotional manipulation and always stay away from the news, press release, and articles that produce fear, anxiety, racism or show any sort of cruelty towards animals and humankind.

NO Fake News

PICANTE.today ensures readers will never find any “directed” lies on the news portal as the team has taken an anti-fake news standing point from their inception.

For more details, visit www.picante.today

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