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Ripple and Monero Technical Analysis: Ripple Bouncing Back/ Monero’s Bullish Bounce




It has certainly been an interesting week for cryptocurrencies, which is still greatly affected by a negative change, especially the top 10 coins. Bitcoin, the leader peaked at $6,762 as the cryptocurrency market enters the second week of recovery. Among the many positive news that has affected cryptocurrency prices positively, the recent Imperial College London Research findings were a major boost.  All top 10 coins experienced a negative change, ranging from 0.4% to 5.1%. Particularly, two coins have caught our eye, both for different reasons, namely, Ripple and Monero. Both Ripple and Monero are very popular among the crypto-community, with a combined market cap of over $21 billion between them.


When it comes to Ripple, the cryptocurrency experienced decent bullish moves above $0.4600 against the U.S. Dollar in the past 2 to 3 days. The XRP/USD pair traded above the $0.475 and $0.480 resistance levels, with a high formed at the $0.4877 mark.

The price started a downside, however, after the aforementioned high, declining further and breaking the 23.6% FIB retracement level of the last level. A break was formed for the XRP/USD pair below an ascending channel with support at the $0.4820 mark on the hourly chart. The price also tested the 50% FIB retracement level of the last wave.  At the time of writing (09/07), Ripple was ranked 3rd valued at $0.478454, and consolidating losses near the $0.4780 level and the 100 hourly simple moving average. A key bullish trend line is seen forming with support at the $0.4680 on the chart.

Chart courtesy of


Monero’s situation is somewhat different, gaining traction since its bounce off the channel support and is testing the mid-channel area of interest. If we apply the Fibonacci extension tool on Monero’s latest correction move, a 38.2% level lines up with the aforementioned barrier.

At the time of writing, (09/07) Monero’s value was $137.36, placing it firmly at 13th. Analysts are predicting something big for the coin. If buyers return, Monero’s price could hit the next barrier at the 50% extension (roughly $145.25). Stronger Bullish momentum can lead Monero all the way up to the full extension at $161.56.

Chart courtesy of

Final Thoughts

Blockchain technology is surely powering the cryptocurrency craze at the moment, with its implementation receiving a lot of mixed reactions from the community.  Apart from Ripple, Monero is on the rise, with its potential still remaining highly unexploited at the moment.

Happy Trading!!

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

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Charts courtesy of


XNO Token of Xeno NFT Hub listed on Bithumb Korea Exchange



Hong Kong, Hong Kong, 25th January, 2021, // ChainWire //

Xeno Holdings Limited ( ), a blockchain solutions company based in Hong Kong, has announced the listing of its ecosystem utility token XNO on the ‘Bithumb Korea’ cryptocurrency exchange on January 21st 2021.

Xeno NFT Hub ( ), developed by Xeno Holdings, enables easy minting of digital items into NFTs while also providing a marketplace where anyone can securely trade NFTs.

The Xeno NFT Hub project team includes former members of the technology project Yosemite X based in San Francisco and professionals such as Gabby Dizon who is a games industry expert and NFT space influencer based in Southeast Asia.

NFT(Non-Fungible Token) technology has recently gained huge focus in the blockchain arena and beyond, making waves in the online gaming sector, the art world, and the digital copyrights industry in recent years. The strongest feature of NFTs is that “NFTs are unique digital assets that cannot be replaced or forged”. Unlike fungible tokens such as Bitcoin or Ether, NFTs are not interchangeable for other tokens of the same type but instead each NFT has a unique value and specific information that cannot be replaced. This fact makes NFTs the perfect solution to record and prove ownership of digital and real-world items like works of art, game items, limited-edition collectibles, and more.

NFTs are already being actively traded in markets globally. For…

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Should Crypto Projects Devote Resources to Community Growth and Marketing?



2020 has been an incredible year for crypto as investors have generated windfall profits and crypto projects have seen their businesses gain the spotlight they’ve been looking for.  While Bitcoin has received most of the attention after major institutional investors announced they were accumulating the increasingly scarce asset, many altcoins have also seen their fair share of glory.  When looking at all the big winners of the past year, the first project that probably comes to mind is Chainlink, having appreciated by more than 550% YTD and now valued at over $4.5 billion.  But, the actual biggest winner of the year is HEX with a YTD return of over 5,000%.

I mention both of the above projects as they have each taken slightly different paths to achieve greatness.  Chainlink has devoted resources toward building a fundamentally sound business with many strategic partnerships while HEX has spent vast sums of money on marketing and promotion.  Both approaches are valid, but one thing is certain, it is absolutely imperative for crypto projects to let the crypto community know what makes them special.  Of course, one of the reasons that makes crypto so valuable is the powerful blockchain technology that most projects are utilizing.

Cryptocurrency vs. Blockchain Technology

It’s important to make a distinction between blockchain technology and cryptocurrency.  Although they are often used interchangeably, they are different.  Blockchain technology and crypto were both created after the 2008 financial crisis, but cryptocurrency…

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XENO starts VIP NFT trading service and collaborates with contemporary artist Hiro Yamagata



Hong Kong, Hong Kong, 24th December, 2020, // ChainWire //

The XENO NFT Hub ( will provide a crypto-powered digital items and collectables trading platform allowing users to create, buy, and sell NFTs. Additionally it will support auction based listings, governance and voting mechanisms, trade history tracking, user rating and other advanced features.

As a first step towards its fully comprehensive service, XENO NFT Hub launched a recent VIP service to select users and early adopters in December 2020 with plans for a full Public Beta to open in June 2021. 

“NFTs are extremely flexible in their usage, from digital event tickets to artwork, and while NFTs have a very wide spectrum of uses and categories XENO will initially focus its partnership efforts and its own item curation on three primary areas: gaming, sports & entertainment, and collectibles.”, said XENO NFT Hub president Anthony Di Franco.

He also added “This does not mean we will prohibit other types of NFTs from our ecosystem However, it simply means that XENO’s efforts as a company will be targeted into these verticals initially as a cohesive business approach.”

Development and Procurement Lead, Gabby Dizon explained, “Despite our initial focus, we found ourselves with a unique opportunity to host some of the works of Mr. Hiro Yamagata. We are collaborating with Japanese artist Hiro Yamagata to enshrine some of his artwork into NFTs.”

Mr. Yamagata has been…

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