Analysis Ripple: January’s Biggest Loser Published 4 months ago on March 7, 2018 By James Waggoner The Money Makers Club now has 6 of 15 available seats. Learn more here! As an investor, any day that you lose money is a bad day. For the cryptocurrency Ripple the month of January had lots of bad days. Between January 6th and February 5, the price fell 80% to about $0.69. It has since staged a partial recovery to around the $1 level. So what has been going on? At the peak of last years crypto market, there were days when Ripple was the second most valuable crypto eaking out ether. Well for one thing Ripple is not the easiest thing to buy. XRP is not traded everywhere. In fact just the rumor that Coinbase was preparing to trade XRP sent the price shooting up over 10% the other day. Some day, the rumor may prove out but it isn’t happening at the moment. In many ways Ripple is the overlooked cryptocurrency. Bitcoin, bitcoin cash, Ethereum, and Litecoin get much of the headlines, but the Ripple Network is slowly building members and is a powerful force working with banks and payment providers to bring much needed modernization to global finance. Ripple has is huge future and understanding how they plan to get there is helpful. The Problem Of Financial Monopolies Several years ago I came up with the seemingly impossible task of taking on the world of electronic payments. This included the plastic monopoly of Visa, Mastercard and Amex. Keeping my goals set on global dominance, I decided to include on the SWIFT network of international monetary exchange as well. My idea was born out of the awareness that $60 trillion in U.S. plastic transactions were processed by an antiquated thing called the Automated Clearing House or ACH. Global payments were the domain of the SWIFT network comprised of 11,000+ banks. What I came to discover was that there was little automated at ACH and nothing swift about the SWIFT network. Transactions in the ACH system are touched by multiple hands each extracting a fee. SWIFT doesn’t actually transfer funds. Instead it sends payment messages which must be settled through correspondent accounts with each financial institution. That is both slow and expensive. From the start of my research it was apparent there had been precious little innovation in these systems. Monopolies tend to harbor this kind of behavior. But disrupting a monopoly(s) takes loads of dough and lots of time. That is when I came across Ripple for the first time. Ripple: What Makes Them Different Bitcoin has loads of fans beyond those investors who participated in the 7000%+ appreciation in their bitcoin prices in 2017. Beyond this are the features like privacy, separation from the fiscal and monetary policies of government, not to mention the theoretical fast and low cost fungibility of bitcoin. For these reasons, bitcoin is the joy of many and the bane to the existence of regulators. This is what makes Ripple different. The Ripple Network is disruptive to the current status quo in the global payments industry but fits within the framework of conventional financial regulation. Another point of difference with the Ripple Network is that transactions are verified by consensus among members of the network rather than the mining process used by bitcoin. This saves a ton of energy in processing transactions and that is good for costs. Ripple is designed for applications in banking and payments. xCurrent is the enterprise software that allows banks to instantly settle cross-border payments. xVia gives banks, merchant service providers and other payment services seamless access to global counter-parties. xRapid provides on demand liquidity to emerging markets and that means real time payments. The Ripple Network presently consists of about 40 members. This may be modest in size but it contains some impressive names including: AMEX, UBS and Standard Charter. As more members join the network, the demand for XRP will follow. Ripple at one time was worth $132 billion but now a mere $37 billion. In the long term scheme of financial world innovation, this could prove to be a real value. Featured image courtesy of Shutterstock. Important: Never invest (trade with) money you can't afford to comfortably lose. Always do your own research and due diligence before placing a trade. Read our Terms & Conditions here. Trade recommendations and analysis are written by our analysts which might have different opinions. Read my 6 Golden Steps to Financial Freedom here. Best regards, Jonas Borchgrevink. Rate this post: Important for improving the service. Please add a comment in the comment field below explaining what you rated and why you gave it that rate. Failed Trade Recommendations should not be rated as that is considered a failure either way. (11 votes, average: 5.00 out of 5)You need to be a registered member to rate this. Loading... James Waggoner 4.4 stars on average, based on 87 rated postsJames Waggoner is a veteran Wall Street analyst and hedge fund manager who has spent the past few years researching the fintech possibilities of cryptocurrencies. He has a special passion for writing about the future of crypto. Follow @HackedCom Feedback or Requests? Related Topics:ripple networkripple xrp Up Next Pre-Market: Trade War Fears Halt Rally Again after Gary Cohn’s Resignation Don't Miss Pre-Market: Korean Easing Boosts Risk Assets You may like Magic Blockchain Dust Our Review of the MJAC CryptoCompare Summit in London, UK (13 June 2018) Treading the Floods: Cryptocurrency Prices Stable Following Bithumb Attack Coinbase Cites Regulation for Its Surprise Ethereum Classic Listing; ETC Volumes More Than Double Cryptocurrencies Attempt New Rally as Bitcoin Tests $7,600 Ethereum Prices: Finally Regaining Momentum 1 Comment 1 Comment hkcharlie March 7, 2018 at 7:40 am I thought I read somewhere that the ripple that the banks you’ve mentioned have bought into, is not the same as the “coin” we buy on the exchanges. Can someone clarify this please? Log in to Reply You must be logged in to post a comment Login Leave a Reply Cancel replyYou must be logged in to post a comment. Analysis Ether Price Has a Good Chance of Rising Further Published 2 hours ago on July 18, 2018 By Dmitriy Gurkovskiy The Money Makers Club now has 6 of 15 available seats. Learn more here! On Wed July 18, Ether is falling, although the previously formed local uptrend still looks quite sustainable. The crypto is trading around $498, says Dmitriy Gurkovskiy, Chief Analyst at RoboForex. Today’s morning, Ether rose above $500, which helped to determine the next important resistance levels. The bullish trendline at $480 that was formed yesterday is now confirmed on H1, and in case Ether is able to go above $500 shortly, its chances for going further up will increase. Once Ether continues rising, it will quickly reach $525, and the current support levels will go above, too. As of now, Ether has some potential to rise till $550, according to D1. For now, the key support for Ether is at $480, and once the crypto heads up, a new support at $500 will get active. $525 is still key resistance for now. The MACD is going up on D1, still in the negatives, and is issuing a buy signal, while the Stochastic confirms it, being in the positive territory. Among fundamentals and events that are important for Ether traders, one can mention the addition of Bitcoin and Ether to Purple Group. The company believes its customers will now have more freedom in selecting payment methods for running their transactions. Another important news item is that the brokers using MT4 began offering cryptocurrency trading (at first, only Bitcoin, but then other cryptos were added). In most cases, the clients can trade CFD’s, although some brokers allow direct cryptocurrency transactions, too. This is a very interesting opportunity, as the investors trust MT4 and consider it a secure platform, so crypto trading added to it will be trusted, too. With more products added to the platform, both direct crypto trading and CFD’s, more people will come to MT4 in order to try it. This is positive for both Ether and other altcoins. Disclaimer: Any predictions contained herein are based on the authors’ particular opinion. This analysis shall not be treated as trading advice. RoboForex shall not be held liable for the results of the trades arising from relying upon trading recommendations and reviews contained herein. Important: Never invest (trade with) money you can't afford to comfortably lose. Always do your own research and due diligence before placing a trade. Read our Terms & Conditions here. Trade recommendations and analysis are written by our analysts which might have different opinions. Read my 6 Golden Steps to Financial Freedom here. Best regards, Jonas Borchgrevink. Rate this post: Important for improving the service. Please add a comment in the comment field below explaining what you rated and why you gave it that rate. Failed Trade Recommendations should not be rated as that is considered a failure either way. (0 votes, average: 0.00 out of 5)You need to be a registered member to rate this. Loading... Dmitriy Gurkovskiy 4.6 stars on average, based on 4 rated postsHaving majored in both Social Psychology and Economics, Dmitry went on to continue his education in post graduate. He then worked as a team lead of a tech and fundamental analysis lab in the Applied System Analysis Research Institute. This helped him to acquire all necessary skills and experience to become a successful trader and analyst, as well as a portfolio manager in an investment company. Dmitry is a pro in the financial field who authors articles for various international media. He also holds the position of Chief Analyst at RoboForex. Follow @HackedCom Feedback or Requests? Continue Reading Analysis Crypto Update: Monero Bullish Reversal on the Horizon Published 3 hours ago on July 18, 2018 By Kiril Nikolaev The Money Makers Club now has 6 of 15 available seats. Learn more here! The cryptocurrency world has come to life today. Bitcoin is leading the way, up by over 10% in 24 hours as it surged past $7,000. Other coins such as Ripple (XRP/USD), Litecoin (LTC/USD), and Bitcoin Cash (BCH/USD) have followed suit, growing between 5% – 10% in 24 hours as well. Looking at this cast of cryptocurrencies, it seems that Monero (XMR/USD) investors are missing out on this rally. Not to worry because usually a rising tide lifts all boats in financial markets. In this article, we reveal why a major bull run is likely on the horizon for XMR/USD. Monero Weekly Chart Looks Promising A quick look at the weekly chart of XMR/USD and you can easily spot the formation of a falling wedge. The recent bounce from $120 support has given investors a good reason to be excited. After all, the rally has put the market in a position to finally breakout out of the falling wedge. Weekly Chart of XMR/USD Monero appears ready to take out the resistance level. The daily chart gives us glimpses on how this breakout might transpire. Daily Chart Shows Bullish Two Scenarios Switch to the daily chart and you’ll also see the large falling wedge in play. On top of that, it offers two possibilities regarding how Monero can break out of this pattern and launch a bull run. XMR Breaks Out on Fear of Missing Out Bitcoin, being the most popular cryptocurrency, often acts as a barometer for other cryptos. Its strength or weakness can influence how other altcoins perform. Bitcoin’s recent trend reversal might make Monero investors greedy. The fear of being left out might just be enough to take out resistance of $160. This scenario is viable as the daily MACD reveals a bullish divergence and a bullish cross. In addition, the 4-day, 8-day, and 21-day moving averages are not acting as immediate supports. XMR Breaks Out on Increased Demand A more sustainable breakout is one driven by demand rather than greed. In this scenario, Monero respects resistance of $160 as investors see the bounce as a sell rally. This starts a waterfall event that would push the market down to key support of $85. At this price level, demand exceeds supply. Plus, the falling wedge would be at its narrowest point. The daily RSI offers support in this scenario. It is currently forming a rising wedge, which is a bearish pattern. Even if XMR climbs to $160, the RSI would likely be overbought by then. That could catalyze the fall to $85 support. Bottom Line Bitcoin’s resurgence can influence how Monero moves in the coming days. Investors might become greedy and push the market above resistance of $160. On the other hand, investors may see the recent bounce as a sell rally. This can drive the market down to support of $85. Either way, a breakout is on the horizon. A bullish reversal is likely not a question of if, but when. Important: Never invest (trade with) money you can't afford to comfortably lose. Always do your own research and due diligence before placing a trade. Read our Terms & Conditions here. Trade recommendations and analysis are written by our analysts which might have different opinions. Read my 6 Golden Steps to Financial Freedom here. Best regards, Jonas Borchgrevink. Rate this post: Important for improving the service. Please add a comment in the comment field below explaining what you rated and why you gave it that rate. Failed Trade Recommendations should not be rated as that is considered a failure either way. (0 votes, average: 0.00 out of 5)You need to be a registered member to rate this. Loading... Kiril Nikolaev 3.6 stars on average, based on 201 rated postsKiril is a financial professional with 4+ years of experience in financial writing, analysis and product ownership. He has passed all three CFA exams on first attempt and has a bachelor's degree with a specialty in finance. Kiril’s current focus is on cryptocurrencies and ETFs, as he does his own crypto research and is the subject matter expert at ETFdb.com. He also has his personal website, InvestorAcademy.org where he teaches people about the basics of investing. His ultimate goal is to help people with limited knowledge of finance and investments to create investment portfolios easily, and in line with their unique circumstances. Follow @HackedCom Feedback or Requests? Continue Reading Analysis Crypto Update: Bitcoin Blows Through $7000 but Altcoins Still Lag Behind Published 14 hours ago on July 18, 2018 By Mate Cser The Money Makers Club now has 6 of 15 available seats. Learn more here! The relief rally in the cryptocurrency segment continued in earnest today, as Bitcoin still lead the way higher posting its best daily performance since April. The most valuable coin stole the show, although the whole market blasted higher, with the total value of the coins getting close to $300 billion, up by around 20% in a matter of days. While the segment is still not out of the woods, BTC triggered a short-term buy signal in our trend model, as it overcame major resistance levels for the first time since May, finally showing some technical progress. That said, most of the majors are still stuck in, or right at the top of their trading ranges, and besides Bitcoin, buy signals are few and far between even considering the smaller coins, as correlations are still very high. Trading volumes were also the highest in months, as especially Bitcoin triggered automatic orders while surging through several strong resistance levels. Bulls would still need further coins to join the break-out and fro now the long-term setup is still just little changed. BTC/USD, 4-Hour Chart Analysis BTC cleared the $6750, $7000, and $7350 levels in a bit more than an hour, and the epic short squeeze settled down near the latter resistance, for now. The coin is now on a short-term buy signal, and should a higher low form in the coming days, a new short-term uptrend could be established. The coin needs to stay above the $7000 level to keep the signal intact, and given the relative weakness in Altcoins, the long-term outlook is still mixed. Resistance is now ahead between $7650 and $7800, while further support is at $6500. Ethereum at $500 as Ripple Tests $0.51 ETH/USD, 4-Hour Chart Analysis While Bitcoin is already above primary resistance, Ethereum is trading right at the $500 level, leaving the short-term trading range intact. The coin is close to triggering a buy signal, but it remains relatively weak and traders should wait for follow-through before playing a possible trend change. Primary support is still found at $450, with other levels at $420, $400, $380, and $360, while further resistance is ahead between $555 and $575. XRP/USDT, 4-Hour Chart Analysis With all of the majors registering large gains, and even some the recently weak coins like LTC, XRP, and Dash are trading near key resistance levels, further short-term buy signals could pop up in the segment, but until a confirmed new uptrend, traders should remain cautious with new positions. As an example, Ripple is trading slightly above the $0.51 resistance currently, but a break-out is not yet confirmed, and the trading range remains dominant. Further resistance levels are ahead at 0.54 and $0.575, while support is now found at $0.49 and $0.45. Featured image from Shutterstock Disclaimer: The analyst owns cryptocurrencies. He holds investment positions in the coins, but doesn’t engage in short-term or day-trading, nor does he hold short positions on any of the coins. Important: Never invest (trade with) money you can't afford to comfortably lose. Always do your own research and due diligence before placing a trade. Read our Terms & Conditions here. Trade recommendations and analysis are written by our analysts which might have different opinions. Read my 6 Golden Steps to Financial Freedom here. Best regards, Jonas Borchgrevink. Rate this post: Important for improving the service. Please add a comment in the comment field below explaining what you rated and why you gave it that rate. Failed Trade Recommendations should not be rated as that is considered a failure either way. (2 votes, average: 4.50 out of 5)You need to be a registered member to rate this. Loading... Mate Cser 4.6 stars on average, based on 293 rated postsTrader and financial analyst, with 10 years of experience in the field. An expert in technical analysis and risk management, but also an avid practitioner of value investment and passive strategies, with a passion towards anything that is connected to the market. Follow @HackedCom Feedback or Requests? Continue Reading 5 of 15 Seats Available Learn more here. Recent Commentsphdooy on Trade Recommendation: TRONphdooy on Trade Recommendation: ICONphdooy on Trade Recommendation: Aionphdooy on Trade Recommendation: Aionphdooy on Trade Recommendation: EOS Oil Prices Plunge as Saudi Arabia Prepares Record... Bitcoin Price Rally Shows Promise After Technical... Crypto Update: Bitcoin Blows Through $7000 but Alt... Altcoins ADA, BAT, XLM, ZEC and ZRX Enjoy a Coinba... Frenzy to Get Bitcoin ETF Listed Is Clogging Up th... Update: Bitcoin Price Spikes 8% in One Hour as Mom... Dogecoin Price Surges 20% After Robinhood Listing Enroll Now! 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