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Ripple CEO Sees Reason for Crypto Optimism After CLARITY Act Defeat

Ripple CEO Brad Garlinghouse says there is still reason for optimism about U.S. crypto after the CLARITY Act failed to advance, pointing to continued SEC and CFTC rulemaking while stressing that the company’s business momentum remains intact. Garlinghouse Looks Beyond Failed Senate Vote Ripple CEO Brad Garlinghouse is looking beyond Congress after the CLARITY Act […]

Bitcoin.com NewsBitcoin.com NewsKevin Helms16 Sept

Blackrock and Visa Now Validate Circle’s Arc; So Do Two XRP Ledger Partners

Circle has opened Arc’s public mainnet with 11 founding validators drawn almost entirely from traditional finance. At least two of them are also among Ripple’s closest commercial partners. The Validator List Reads Like a Bank Directory Arc’s genesis validator cohort is Blackrock, the Depository Trust and Clearing Corporation (DTCC), Galaxy, Global Payments, Intercontinental Exchange (ICE), […]

Bitcoin.com NewsBitcoin.com NewsShiraz Jagati16 Sept

XRP Breaks Medium-Term Support — Can the 100/50-Day EMAs Hold?

Medium-Term Support Gives Way XRP has broken below the recent medium-term support around $1.32 after repeatedly struggling to build momentum from this area. That level could now become resistance on any bounce. Repeated Failure at $1.50 Bulls have now failed several times around the $1.50 resistance area, with each attempt attracting sellers. This continues to cap the recent recovery and leaves XRP well below the $1.70 key high. 100/50-Day EMAs Under Pressure Price has dropped directly into the bullishly crossed 100/50-day EMAs. Both averages are still rising, so this remains an important area for bulls to defend. Selling Volume Picks Up The latest move lower has been accompanied by increased selling volume. Bulls will want to see that pressure ease quickly if the moving averages are going to provide support. Momentum Remains Weak RSI has slipped below the 50 level, while StochRSI remains oversold. A short-term bounce would therefore not be surprising, but buyers still need to show up. Next Support Below If the 100/50-day EMAs fail to hold, the next meaningful support sits around $1.18–$1.16. This area previously acted as resistance before XRP's August breakout. In Summary XRP has lost medium-term support around $1.32 after repeatedly failing near $1.50, with increased selling volume adding pressure to the move. Price is now testing the still-rising and bullishly crossed 100/50-day EMAs, making this an important area for bulls to defend. StochRSI is already oversold, so a bounce is possible, but failure to hold these averages would shift attention towards the $1.18–$1.16 support zone.

TITradingView Ideas16 Sept