Getty/Michael Kovac

Mark Cuban says there's "no chance" that bitcoin can become a reliable currency.

"Not because it can't work technically," the Shark Tank star and owner of the Dallas Mavericks said in an email to Forbes. "But rather because it's too difficult to use, too easy to hack, way too easy to lose, too hard to understand, too hard to assess a value."

Given the raft of rival cryptocurrencies available, Cuban said, it's also "too much work for people to know why BTC over everything else."

The billionaire has experience in commercializing new technologies. He made his fortune by building Broadcast.com a pioneer in video-streaming technology then selling it to Yahoo! in a $5.7 billion stock deal in 1999.

Cuban compared bitcoin to baseball cards, comic books, and artwork in a Wired video in September, arguing the cryptocurrency has no intrinsic value and is "only worth what somebody will pay for it." He added that he'd "rather have bananas, I can eat bananas."

The price of bitcoin has plunged from about $12,000 in August to below $7,250 at the time of writing.

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Mark Cuban says there's 'no chance' bitcoin can become a reliable currency | Currency News | Financial and Business News - Business Insider

While Bitcoin and the wider cryptocurrency market have flailed over the last couple of months, with BTC tumbling from $14,000 to $7,000, celebrities have maintained their interest in the industry.

Ashton Kutcher, a renowned actor known for his roles in media like Two and a Half Men and Jobs, recently took to Twitter to briefly laud a Bitcoin startup.

This wasnt even solicited, making the fun move that much more notable.

On Sunday, Jeff Moris Jr., a Director of Product & Growth at Lambda School and a former Tinder team lead, revealed the three most promising crypto and digital asset startups in his opinions.

He named Brave, the cryptocurrency-centric and privacy-preserving internet browser integrated with Basic Attention Token; Lolli, an online shopping rewards startup that gives shoppers Bitcoin rewards for spending money online; and Rally Rd, a digital asset-centric platform that makes investments of the rich, now available to all.

This was notable in and of itself, for Morris is a noted entrepreneur in Silicon Valley circles.

Though what made this tweet even more notable is that Ashton Kutcher, who sports a not-too-shabby 17 million followers on Twitter, responded by lauding Lolli, which has recently secured partnerships with companies like Priceline and Expedia. It isnt clear if this implies Kutcher is using Lolli to stack satoshis or is looking to invest in the Bitcoin-centric company, or maybe both.

An important aside: Honey, a company whose business model is similar to Lolli in that they both provide rewards for online shopping, was just acquired by PayPal for a jaw-dropping $4 billion.

Kutchers decision to thumbs up Lolli is far from the first time hes dabbled in cryptocurrency.

The noted technology investor in the middle of 2018 donated $4 million to Ellen DeGeneres Wildlife Fund. Whats weird was that the funds came in the form of the XRP and that Kutcher took to Ellens show to explain Ripple Labs, the fintech company closely affiliated with the altcoin. Trying to explain Ripple to an audience of millions, Kutcher said:

Ripple is basically a platform to allow people to transfer money from bank account to bank account, person to person, really securely, really simply, really quickly.

Sound Ventures, a venture capital fund run in part by Kutcher, notably has a stake in Ripple, implying that the scheme to donate a jaw-dropping sum of money was both a charitable venture and a way to promote the products of Ripple and the viability of XRP.

The venture fund also has stakes in companies like Bison Trails, a little-known blockchain infrastructure-as-a-service provider that burst into the public spotlight after it was revealed that it will be running a node for Facebooks Libra project, should it launch that is.

Kutcher is far from the only celebrity to have started to dabble in Bitcoin as of late. In October, Bitcoin2020, an industry conference taking place early next year, revealed that it has signed Tony Hawk as a speaker. Hawks skateboarding days may be mostly behind him, yet the individual remains a key figure in the public spotlight.

It isnt clear what Hawk will be talking about, though Hawk earlier this year wrote that hes been riding the Bitcoin ramp for six years, adding that hes yet to cash out of his cryptocurrency holdings.

Theres also Bruce Willis a prominent actor featured in movies like Die Hard, Unbreakable, and Looper was recently reported by long-time Bitcoin proponent Bobby Lee to have been taught the good word of Bitcoin, by Lee himself no less. Whether or not Willis is in the Bitcoin industry is up for debate, as it might have been that the action movie star wasnt willing to hear Lee wax poetic about cryptocurrencies, then his companys hardware wallet. Though,

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Ashton Kutcher Throws Weight Behind Bitcoin Startup Lolli on Twitter - Blockonomi

Bitcoin is heading towards the $100,000 mark, according to veteran commodity trader Peter Brandt, who shared his analysis in a new video clip. However, there is a scenario in which the oldest cryptocurrency turns bearish in the near-term.

According to Brandt, Bitcoin is still moving within its historic bull trend, which has seen consecutive higher highs and higher lows.

While he believes that the cryptocurrency will stick to the bullish narrative in the coming years until it breaks $100,000, there are two main scenarios to expect before that happens. Unsurprisingly, one is bearish and the other is bullish.

The price is currently at a crossroad zone and might go for one of the scenarios soon. Right now, it is trading very close to the lower boundary of a multi-year channel. If the price action decides to continue correcting, then we might see Bitcoin bottoming out at $5,324 by July 2020.

The potential low is based on previous patterns, according to which Bitcoin has violated parabolic moves four times since 2011. Every downturn came with an 80%-plus correction and lasted 12 months from the peak to the low, according to Brandts analysis.

Accordingly, the current correction will likely find strong support at $5,324 by this summer if Bitcoin takes the bearish route. This is because the recent high was reached in June, when the cryptocurrency rallied to over $13,000. Up until then, its anticipated that many crypto bulls will capitulate.

This potential correction could likely scare even the most devoted Bitcoin maximalists and hodlers, Brandt says, citing his multi-year trading experience in other commodity markets. In fact, he believes that 90% of bulls who are active on social media will start capitulating sooner or later.

In the best-case scenario, the BTC price doesnt break the lower boundary of the multi-year channel and bounces back to new highs. In fact, Brandt asserts that the new peaks could come as early as next year.

Interestingly, many Bitcoin bulls expect the price to update the all-time high on the upcoming halving event, which is scheduled for the first half of 2020. This scenario is further supported by PlanBs popular stock-to-flow model.

Which path do you think Bitcoin will go? Share your thoughts in the comments section!

Images via Shutterstock, bitcoin.live (Peter Brandt)

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Bitcoin Road to $100K: Peter Brandt Explains the When and How - Bitcoinist

Bitcoin price is trading with a bearish bias below $7,500 against the US Dollar. BTC could start a strong decline if it breaks the $7,030 support area in the near term.

This past week, bitcoin price made many attempts to clear the $7,600 resistance area against the US Dollar. However, BTC failed to continue above $7,600 and started a fresh decrease below $7,500.

Moreover, there was a break below the $7,450 support area and the 55 simple moving average (4-hours). The bears gained pace and the price traded below the $7,300 level.

The recent low is near $7,150 and the price is currently consolidating losses. An immediate resistance is near the $7,270 level. Besides, the 23.6% Fib retracement level of the recent decline from the $7,651 high to $7,150 low is also near $7,268.

The first key resistance is near the $7,400 level and the 55 simple moving average (4-hours). Additionally, the 50% Fib retracement level of the recent decline from the $7,651 high to $7,150 low is at $7,400.

More importantly, there is a crucial contracting triangle forming with resistance near $7,430 on the 4-hours chart of the BTC/USD pair. Therefore, bitcoin price is clearly facing a lot of hurdles on the upside, starting with $7,270 and up to $7,430.

The main resistance is still near the $7,600 level, above which the price is likely to test the $8,000 resistance area. An intermediate resistance is near the $7,870 level.

On the downside, the triangle support is near $7,200. If there is a daily close below $7,200, the price could accelerate lower towards the $6,840 support area. The next major support is near the $6,515 level.

Bitcoin Price

Looking at the chart, bitcoin price is currently at a risk of a downside break below the $7,200 and $7,030 support levels. If the bulls fail to push the price above $7,400, the bears are likely to aim $6,840 or $6,515 in the near term.

4 hour MACD The MACD is currently gaining momentum in the bearish zone.

4 hour RSI (Relative Strength Index) The RSI is currently well below the 40 level, with a bearish angle.

Key Support Levels $7,040 and $6,840.

Key Resistance Levels $7,270, $7,400 and $7,430.

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Bitcoin Price Analysis: BTC Breakdown On The Cards - Live Bitcoin News

In the last 24 Hours, the selling pressure dove Bitcoin (-1.73%) to its former bottoming area. The cryptocurrency sector continues mostly in the red, although with modest drops in the vicinity of 1 percent. Also, Ethereum (-0.95%), Ripple (-0.79%), Litecoin (-1.52%), and others are creating bottoming figures. The Ethereum token sector, although with lots of red-tinted tokens, there are large movers as well, such as S4F (+29.8%), CND (+19.3%) and DGD (+15.26%).

Fig 1 -24H Crypto Sector Heat Map

The market capitalization of the sector dropped to $197,01 billion (-1.85%) on a traded volume of $22.134 billion (-8.33%) in the last 24 hours. The dominance of the Bitcoin descended slightly to $66.37%.

Fig 2 - 24H Crypto Market Cap with Traded Volume

SEC President Jay Clayton testified before the Senate Committee on several issues, among which were blockchain technology and cryptocurrencies.

"I am optimistic that developments in distributed ledger technology can help facilitate capital formation, providing promising investment opportunities for both institutional and Main Street investors" -Jay Clayton.

Clayton also mentioned that the Commission had amended the existing rules to update the regulations on ETFs. He said that this action will ease "greater competition and innovation in the ETF marketplace" and would facilitate to comply with the standard conditions to come to market quicker.

Over 80 banks will become part of JPMorgan's blockchain-based Interbank Information Network, according to a recent piece of news. The IIN has been created to share financial information among its members. Another use IIN has is to make possible instant remittance transfers.

Ripple's Spring launched a platform for XRP payments integration. The Xpring.io service is a revamped version of the Xpring SDK launched in October. The new version supports two new programming languages: Python and Go.

That will be the central hub for developers to manage everything they need when it comes to integrating payments into their apps, - Ethan Beard, Xpring's senior vice president.

Bitcoin

Chart 1 - Bitcoin 4H Chart

In the last 24 hours, Bitcoin is creating a series of small-bodied candles on top of a support area with $7.160 as its key level. The MACD seems to start curving to the upside, while the price still moves below its -1SD line, and also below its 50 and 200 SMA. The price still has a bearish bias, but we need to see if this support holds and attract new buyers to push the price upwards.

Chart 2 Bitcoin-longs weekly Chart

On the BTC-longs chart, we can see that the BTC long-interest is at its yearly peak, even near its historical maximum, at the same time BTC price stalls. This is an evident accumulation of the coins released by the weak hands.

Chart 3 - Ripple 4H Chart

Ripple's 0.22 support has held the price and created a Moring Star Formation that currently is partially faded. MACD histogram is moving towards the zero-line and curving up, while XRP's price moves sideways and close to its -1SD line. Although the bias is slightly negative, we see the potential for a reversal. The levels to keep are 0.22 and 0.2245.

Chart 4 - Ethereum 4H Chart

Ethereum $144 support held yesterday's drops and made a reversal figure, although the followup is not great. The price is still moving below its -1SD line, and the MACD shows the downside momentum is fading. We should keep an eye in the $144 and $147.2 levels, and also in the volume.

Chart 5 - Litecoin 4H Chart

Litecoin bounced off of its $44 support and is making a mild correction that started yesterday when it made a Morning Star formation. The MACD is close to making a bullish crossover; at the same time, the price moves towards its Bollinger mean line. The bias is still negative, although it can turn bullish if the price closes above $44.8 on good volume.

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Bitcoin, cryptocurrencies trying to create a bottom - FXStreet

In the last 24 hours, cryptocurrencies were rejected after trying to overcome their resistance levels. Most of the crypto sector is in the red. Bitcoin drops 1.9%, Ethereum -2.1% , Ripple -3.17% and Litecoin -1.84%. Tezos (-7.16%), ALGO (-9.78%), Vechain (-12%), and notably, MATIC (-70%) were among the most harmed. In the Ethereum token sector, there is a majority of assets underwater, although there are notable exceptions such as Link (+8.7%), Jewel (+14.5%), or MovieBloc (+48%).

The current market cap descended 2.45% to $200.4 billion on a $25.1 billion traded volume in the last 24H (+37.67%). Meanwhile, Bitcoin dominance keeps at 66.62%.

The price of MATIC drops 70% in an hour after climbing 200% in two weeks after rumors of the company liquidated over 1,495 billion coins at #Binance.

Swiss finTech Amun AG, which now is offering crypto ETPs (Exchange-traded products) in Switzerland and Germany, is now approved to provide them within the European Union. Amun offers currently mine crypto ETPs, among which are BTC-ETP, Ether-ETP, and XRP-ETP.

Bitcoin dropped hard on high volume yesterday, after a spike that brought its price to $7,689 to, then, fall below the $7,416 support and break the triangular formation. The inability to hold above $7,580 brought new sellers eager to take the lot of buyers with buy-stop orders above that level.

Currently, the price is holding above $7,300, but this won't hold for long if the weakness continues. Now we see the MACD in a bearish phase and the price below the -1SD line. Therefore, the critical level to watch is $7,300.

Ripple is making a leg down, after being rejected yesterday by the resistance set by its previous high of Nov 30. Now we see the MACD in a bearish phase and the price moving below the -1SD line. We see also the price held by its 50-period SMA, but the weakness is evident, as there are no convincing upward movements.

Ethereum was affected by the Bitcoin drop, as was the rest of the sector, but the drop seems unconvincing so far. The price is held but the $146.5 support, and it is making a series of small- bodied candles that are symptoms of indecision on the seller's camp. The MACD is in a bearish phase, although showing no progression. Also, the price is currently touching the -1SD line of the Bollinger Bands, although the bands move horizontally. That means the price also moves in a horizontal range. The critical levels to keep an eye on are $145.6 and $149.

Litecoin made a very similar movement, as Ethereum did. The price dropped at the time of the bitcoin's spike and crossed the $45.15 level to touch the 44.3 support that was at the lows made on Dec 5. Now we see the price losing volatility and making two doji. The price seems to stabilize below the -1SD line while the MACD shifted to a bearish phase. That situation is likely to resolve to the downside if no new buyers come to rescue. The critical levels to keep are $45.15 to for buyers and $44.3 for sellers.

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Bitcoin and crypto Bears Back on MATIC 70% drop - FXStreet

After incurring a significant influx of volatility earlier this week, Bitcoin (BTC) has been able to gain some tempered upwards momentum as its buyers attempt to push it up towards its near-term resistance that exists at $7,800.

This momentum comes about as buyers grow aggressive at BTCs near-term support levels, which one analyst believes is a bullish sign that signals it may see further upside in the near-term.

At the time of writing, Bitcoin is trading up marginally at its current price of $7,630, which marks a notable climb from its recent lows of just over $7,200 that were set early this past week just prior to its rapid surge up to $7,800 where it met significant resistance that led it to plummet lower.

This movement confirmed $7,800 as a strong level of resistance for the cryptocurrency, but its recent climb up towards this level likely signals that it will soon test this resistance.

Assuming that Bitcoin does break above the resistance it faces at this price region, it will likely also face some further selling pressure at $8,000, with a break above this level opening the gates for significantly further upside.

Cantering Clark, a popular cryptocurrency analyst on Twitter, explained in a recent tweet that it is imperative for BTC to hold above its near-term support level at roughly $7,400 in order for it to see further near-term gains.

Holding here is going to be pretty important. Otherwise it has the potential to just be a LH and bulls can get back to the pre-amnesia state of realizing and accepting HTF market structure breaks are often retested, he noted while pointing to the chart seen below.

One interesting trend that investors should be aware of is the fact that buyers at BTCs near-term support levels are growing incredibly strong.

Cantering Clark also spoke about this, noting that the rapid increase in buy orders at Bitcoins near-term support levels signals that buyers feel a sense of urgency to defend these levels.

What is interesting is the amount of initiative aggressive buyers we have that step in lately right at support, not just passive. Plenty of imbalances right at support. Almost like buyers feel a real sense of urgency, he explained.

It will likely soon grow clear as to whether or not this bourgeoning buying pressure will be enough to send BTC surging past the resistance that lies directly above it.

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Bitcoin Buyers Grow Aggressive; is a Rally Around the Corner? - newsBTC

The mining ecosystem recently welcomed a new miner to the fold, as Nourpool mined its first Bitcoin SV block on December 7, 2019. To learn how this mining pool came together and why they chose BSV, we reached out to them to learn more about the men behind the effort and the plans they have for the future.

Nourpool was conceived last August by Alan Fu, a former Microsoft data scientist, along with two friends whove been involved in Bitcoin mining since 2013 and shared the same ideals. We all share the same belief that on-chain scaling is the only way for Bitcoin to grow, and we decided to run our own pool to participate in this important journey of Bitcoin, Fu told us, noting that the idea to build the pool was conceived during one of the groups regular meetups.

They decided on the Nourpool name based on a cryptic message consisting only of nour from one of Satoshis original accounts on the global network P2P Foundation forum. We interpret this word as light in Arabian, as Bitcoin SV has brought light to the long-dark-and-suffocating world of Bitcoin, Fu said. We like Nour and put it into our name, as Nourpool literally means pool of light.

They didnt decide on mining BSV simply due to a survey of talking points; plenty of work went into the decision. Fu explained the decision making process:

Since 2017 we have been doing detailed studies over the mechanisms of all the major cryptocurrencies and concluded that miners on all coins are either fed by a short-lived subsidy that has been grossly overvalued, or living off transaction fees that have been severely capped by scaling issues of the underlying platform, or both. Bitcoin SV however, with its to-be-removed block cap and elegant UTXO design, allows massive on-chain scaling. Combining real scaling capability with a stable base-layer protocol, we think there will be an exponential growth in the on-chain activities on BSV, presenting an enticing fee market for us miners.

Nourpool hasnt met much difficultytechnical wisesince mining that initial block on December 7. In the first two days of operation, they mined a total of 11 BSV blocks. But the future will have some issues to solve, Fu thinks. The difficulty lies ahead as we need to prepare for rising transaction volume. There will be an iterative process of we discovering and resolving one bottleneck after another. Fu also mentioned some challenges on the financial side of mining BSV: As much as we believe that the market acceptance of BSV will surely improve over time, reality is that currently there are fewer derivatives and worse depth/liquidity for BSV market comparing to that of the Segwit coin, rendering fewer mining strategies available to us, he shared.

All the same, the Nourpool team is gearing up for growth and will provide more for the greater community. We will be expanding our own hash power in the next 6 months, and we also seek to connect our pool with more BSV miners, Fu told us. The goal is to surpass the 10% mark by halving next year. In the coming months we will also release a set of new services for both miners and application developers, please stay tuned.

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Nourpool believes in the light of Bitcoin SV - CoinGeek

As the Bitcoin price (BTC) begins to slowly ascend, the question on everyones minds is whether the latest bottom is in, or whether there is more pain ahead.

In this article, I will aim to provide some insight as to what one can expect based on the information from the charts.

Daily crypto market performance. Source: Coin360.com

BITCOIN CME futures daily chart. Source: TradingView

In last week's analysis, I pointed out that the CME gap was higher than the weekend price, 7% higher in fact, and as expected this gap was filled on Dec. 4 as a $560 candle appeared out of nowhere taking the price from around $7,240 to $7,800 in a matter of minutes.

One thing that is worth noting here is that although the Bitcoin price experienced this explosive move, the price was only maintained for a few hours, before returning to its previous level. With this in mind, lets consider the gap that needs to be filled this forthcoming week.

The Bitcoin price closed on the CME Futures charts at $7,495, and at the time of writing this Sunday evening, Bitcoin is trading at around $7,514. With barely any difference in the price this week, the CME gap filling will not be something so easy to spot unless, of course, the price of Bitcoin continues to rise.

If Bitcoin gains $200-$300 or higher throughout the week, those in longs should keep an eye on $7,495 to avoid any unpleasant repercussions. But what else could be in store this week?

BTC USD MACD daily chart. Source: TradingView

Again, looking at last weeks outlook, the moving average divergence convergence (MACD) indicator looked poised for a bullish cross. As can be seen from the chart above, the cross occurred marking the end of the current bearish trend that the digital asset had been experiencing since the MACD crossed bearishly on Nov. 9.

Whilst the MACD cannot give an expected duration for the next bullish phase, it is at least moving in a northbound direction for the time being. What one would hope to see next is this being replicated on higher time frames as it is the weekly MACD that spells elation or doom.

BTC USD MACD Weekly chart. Source: TradingView

The weekly MACD is quite possibly the best indicator one can use when attempting to time when to buy and sell Bitcoin. Since October 2016, there have been just 8 crosses. Four bullish and four bearish, and we are currently awaiting a bullish cross.

What concerns me about the current pattern on the MACD is that it currently mimics that of the same pattern around April/May 2018, a period that many may recall was full of crypto twitter experts calling the bottom.

However, what happened next was 10 more months of a bearish trend. So is Bitcoin going to experience this yet again so soon? What about the miners? What about the halving? What about the stock-to-flow ratio that people are ramming down our throats as just cause for another bull run?

Well, I decided to see if any other indicators correlate, and it turns out, they do.

BTC USD RSI weekly chart. Source: TradingView

The weekly RSI is also now showing the same pattern as it did around April/May 2018. Should the same pattern continue, the bottom falls around May 2020.

This is quite interesting, considering the mining reward halving falls at the same time; and historically the price of Bitcoin typically increases after, not before the event.

Thus, for now, there could still be validity in the stock-to-flow ratio argument as well as the mining reward halving impact. But how much did the Bitcoin price fall during this last phase? Can that give us an indication as to what price the bottom could be?

BTC USD Price: Coinmarketcap

During the first 2 weeks of May 2018, BTC price ranged between $8,800 and $9,900. This would average out at around $9,500. The bottom of this bear cycle was on Feb. 8, 2019, at a price of $3,391.

That represented a further 64% downside, which if applied to todays Bitcoin price of $7,514 would put the bottom around $2,705 by May 2020.

However, history has no real reason to repeat itself. Yet for some reason, it does tend to rhyme, so perhaps the next few months are only going to get worse for the digital asset.

BTC USD weekly chart. Source: TradingView

Last week provided lots of opportunities for Bitcoin to begin to approach the $10,000 range once more. But sadly, after the CME gap was filled, the price failed to hold up. As such, Bitcoin needs to maintain its price above $6,900 which is shown as support on the weekly Bollinger Bands (BB) indicator to have any hope of regaining some of its value.

Should the BTC/USD increase throughout the week, the resistance I see as key for the bulls is around $9,200, which could then flip the Bitcoin market bullish.

I dont think I need to repeat the bearish scenario. The $6,900 level must be defended. Should this price breakdown, I expect an aggressive sell-off to lows around the $2,700 region over the next 5-6 months.

The views and opinions expressed here are solely those of the @officiallykeith and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk. You should conduct your own research when making a decision.

Originally posted here:

Sorry But Bitcoin Can Still Drop to $2.7K While Everyones Bullish - Cointelegraph

Ripple price is showing a lot of positive signs against the US Dollar, similar to bitcoin. XRP price remains well supported and it could rally above $0.2320.

In the past few days, there was a steady rise in ripple price from the $0.2150 support area against the US Dollar. XRP price gained pace above the $0.2180 and $0.2200 resistance levels.

Moreover, there was a close above the $0.2240 resistance and the 100 hourly simple moving average. It opened the doors for more gains and the price climbed above the $0.2280 and $0.2300 levels.

However, the price seems to be facing a strong resistance near the $0.2320 area. A high was formed near $0.2326 and the price is currently correcting lower. It already traded below the 23.6% Fib retracement level of the recent wave from the $0.2240 low to $0.2326 high.

Ripple is currently testing the $0.2280 support area. Besides, the 50% Fib retracement level of the recent wave from the $0.2240 low to $0.2326 high is near the $0.2283 level.

More importantly, there is a key bullish trend line forming with support near $0.2265 on the hourly chart of the XRP/USD pair. Additionally, the trend line coincides with the 61.8% Fib retracement level of the recent wave from the $0.2240 low to $0.2326 high.

Therefore, the price is likely to find a strong support near the $0.2240 zone. If there is a downside break below $0.2240, the price could correct substantially and it might test the $0.2180 level.

On the upside, an immediate resistance is near the $0.2300 level. The main resistance area is near the $0.2320 level, above which the price could continue to rise towards the $0.2350 and $0.2400 resistance levels in the coming sessions.

Ripple Price

Looking at the chart, ripple price is trading with a bullish bias above the $0.2240 support area. As long as there is no close below $0.2240, there are high chances of a strong upward move above the $0.2320 and $0.2350 levels.

Hourly MACD The MACD for XRP/USD is slowly moving into the bearish zone.

Hourly RSI (Relative Strength Index) The RSI for XRP/USD is currently correcting lower and it is near the 50 level.

Major Support Levels $0.2280, $0.2240 and $0.2180.

Major Resistance Levels $0.2300, $0.2320 and $0.2350.

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Ripple (XRP) Price Poised For Further Gains, Bitcoin Rising - newsBTC