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[NEWS BLOG] Ripple (XRP) Price Down 2%, Bears Sight $0.2000 Or Even Lower

Ripple price is sliding and it is under pressure below the $0.2200 resistance against the US dollar.
The price is now trading below $0.2150 and it could decline further below $0.2100.
There is a crucial bearish trend line forming with resistance near $0.2180 on the hourly chart of the XRP/USD pair (data source from Kraken).
There are high chances of a drop towards the $0.2020 and $0.2000 support levels.

Ripple price is declining steadily below key supports against the US Dollar and bitcoin. XRP price could continue to move down and the bears might target $0.2000.

Ripple Price Analysis

News Blog

Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – May 4th, 2021

"Ripple’s XRP"

slipped by 0.59% on Monday. Following on from a 5.72% slide on Sunday, Ripple’s XRP ended the day at $1.55255.

A bullish start to the day saw Ripple’s XRP rise an early morning intraday high $1.62204 before hitting reverse.

Falling short of the first major resistance level at $1.6379, Ripple’s XRP slid to an early afternoon intraday low $1.50399.

The sell-off saw Ripple’s XRP fall through the 23.6% FIB of $1.5426

Finding support at the first major support level at $1.5064, Ripple’s XRP broke back through the 23.6% FIB to revisit $1.58 levels before easing back.

At the - read more.

Posted Date: 2021-05-04

Source: https://www.fxempire.com/forecasts/article/ethereum-litecoin-and-ripples-xrp-daily-tech-analysis-may-4th-2021-726263

Here’s why Bitcoin traders say a drop to $38K is the worst case scenario

BTC’s drop to $42,230 sent a key sentiment indicator to an “extreme” low, but top traders are confident that a bounce off $38,000 would confirm the bottom.

The fallout from the Federal Reserve's recent hawkish commentsread more.

Posted Date: 2022-01-07

Source: https://cointelegraph.com/news/here-s-why-bitcoin-traders-say-a-drop-to-38k-is-the-worst-case-scenario

Bank of Canada: Crypto Needs to Be Regulated Before it Gets Too Big (Report)

The recent price plunge of cryptocurrencies has alarmed global authorities about the risk in some projects – like Terra’s ecosystem. In the context that regulatory overhauls targeting the industry may be around the corner, the Central Bank of Canada also voiced the urgency of imposing such rules before the sector has become so big that it could bring down the overall financial market at one point.

"Regulatory Urgency"

Carolyn Rogers – Bank of Canada Senior Deputy Governor – said in an interview with Reuters that regulating the industry has become increasingly pressing - read more.

Posted Date: 2022-06-12

Source: https://cryptopotato.com/bank-of-canada-crypto-needs-to-be-regulated-before-it-gets-too-big-report/