Ripple

Ripple has made a tremendous bullish run after a rebound. The rebound breaks through the resistances of $0.20 and $0.20500.

Ripple has continued to push upward to retest the resistance levels. Buyers have overcome the initial resistance of $0.19500 but struggle to trade above it.

Despite a rebound on April 23, the bulls could not sustain the upward move. Earlier on the market rebounded to reach a high of $0.20, but the bears pulled back above $0.19500.

A study has been published showing that issuing stablecoins such as Tether and Circle’s USD Coin (USDC), don’t cause the prices of other digital currencies like Ether, Ripple, etc. to surge. So far, there have been few sentiments in the cryptoasset industry that the connection between stablecoin issuance and digital currency price is large.

Ripple is well supported above $0.18 price level. Unfortunately, buyers have failed to push XRP above the $0.19500 resistance.

Presently, Ripple has continued its downward move as the bears broke the $0.18 support. The bears have overwhelmed the bulls as buyers fail to breach the $0.0205 and $0.195 resistances.

The world’s first licensed Bitcoin-led casino operator, Bitcasino, has yet again expanded its ecosystem by adding full support for Ripple’s native currency, XRP, allowing its community of users to benefit from XRP’s fast transactions and lower fee structure.

After the recent rebound, XRP now trades below the $0.195 resistance but above the $0.185 support. Buyers are finding penetration difficulty at the minor resistance of $0.195.

Today, XRP rebounded at the $0.18 low with the intent of retesting the $0.20500 resistance. Coincidently, on April 6, the market rebounded at the same low.