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Ripple (XRP) is successfully freeing its arm from Bitcoin, here is why



Ripple Bitcoin

Like most of the virtual coins and altcoins, Ripple has been recording slight price losses throughout the last seven days. Although putting a spirited run, Ripple’s prices failed to break the resistance level of 0.47 US dollars throughout the week, leading to its prices falling and revolving around 0.46 and 0.45 US dollars. Currently, XRP/USD is testing the 23 percent Fib level support taken between the highs and lows of 0.52 and 0.42 US dollar support levels respectively.

During the price depreciation, the price value broke below a connecting price surge line with support at 0.46 US dollars on the hourly chart of the Ripple US dollar pair. The XRP/USD pair settled below about the $0.46 support mark and the 100 hourly simple moving average.

Regarding the Fib retracement level, the pair settled at 61.8 percent from the 0.4375 US dollar low to the high of 0.47 US dollars. However, the 0.45 US dollar support level acted as a barricade for traders especially sellers. At present, Ripple’s value is exchanging in a small range near the 0.45 price level, an increment from the previous support level of about 0.452 US dollars.

Over the years, Ripple has partnered and signed deals with influential financial players in the market gaining global recognition and appreciation for its growth. At present, Ripple has over 100 financial institutions and settlement providers on its portfolio of partners. Many other institutions and firms continue to show interest in adopting Ripple’s (XRP) unique blockchain technology and solutions, thus positioning the digital coin on the advantageous ground.

However, according to research and market analysis, the price value of Ripple (XRP) does not reflect the growth in adoption that the virtual currency currently enjoys. The challenge has always been Bitcoin’s (BTC) influence in the cryptocurrency markets that Ripple is a member.

For instance, Ripple’s (XRP) major exchanges are usually carried out by Bitcoin which unfortunately depreciates the value of XRP, in spite of having great and promising broadcasts ever since it started partnering with other major financial players in the financial industry. According to the words of Ripple (XRP) founder and CEO, Brad Garlinghouse, while speaking to CNBC:

“There is a very high correlation between the price value of Ripple (XRP) and Bitcoin even though these two virtual currencies are independent and open-sourced blockchain technologies.”

However, this connection between Ripple and Bitcoin is going to cease. Bitcoin pairing is gradually falling with exchange listings gradually changing their ways of crypto trading leaning more towards altcoin-fiat pairing. As this emerging trend continues to gain momentum, more and more exchanges are following these footsteps creating a major blow to Bitcoin’s dominance as the cryptocurrency of choice for crypto-to-crypto pairing.

On the other hand, the future looks uncertain for Bitcoin following one of the leading digital currency exchanges, Bittrex, revealing that it is focused on the introduction of fiat-crypto pairing issuing a problematic situation for the number one cryptocurrency in the world.

Bittrex is a major player and link in the cryptocurrency sphere as it has a wide customer base of over 3 million globally with a big percentage coming from the US, who are the largest beneficiaries of this progress at the moment.

The news of Ripple (XRP) disconnecting itself from Bitcoin is not the new one. This has been in the pipeline for a while, but present SBI holding activities have propelled this divorce. SBI Holdings intends to launch its very own Virtual Currency trading network that is going to incorporate Ripple as the only virtual currency on the platform’s website.

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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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How Can Foreigners Get Loans in Singapore



loans for foreigners in Singapore

Foreigners who are residing in Singapore and looking for financing could do so in the form of a payday loan. It is good to find out that you can borrow the money from a reputable lender and that the interest rates are low enough for it to be a viable option. Online lenders that specialize in doing business in the country can certainly help one. These online companies are not only reliable, but their service is fast.

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A foreigner in Singapore means that you are not a permanent or natural citizen there. As a foreigner, you will not be holding a Singaporean passport. The rules can differ a little for foreigners and residents. Singapore, being a multinational hub, houses many foreigners within the city. Foreigners come to Singapore for the many attractions it offers. Many people come to Singapore for Work-related purposes. A lot many also come for vacations or to visit a friend or a relative. Some foreigners come with a plan to move to Singapore permanently, attracted by their lavish lifestyle. Singapore also houses many International students attending many esteemed Singaporean Universities.  

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Aluna.Social is a Compelling Social Platform for Crypto Traders and Investors




When one thinks about the social media landscape, the companies that first come to mind are most likely Facebook, Instagram, LinkedIn, and Snapchat.  These platforms are a great way to stay connected with friends, families, and colleagues, especially when geographic distance is a factor.  But, in addition to just chatting about life in general and sharing pictures, social media can be used to bridge the information gap that exists within the investment community.

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While these trading offices are a great way to help bridge the information gap, Aluna.Social may provide an even better way, especially as it relates to cryptocurrency trading.

Mission Statement

Aluna.Social, founded by Alvin Lee and Henrique Matias, is a multi-exchange social trading terminal for crypto traders and investors.  The goal of the platform is to help newcomers shorten their learning curve, unlock their full potential, and improve trading performance.  Cryptocurrency trading can…

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CoinFlip Scores Big with BRD Wallet Partnership




As the crypto markets move closer to mass adoption, one of the keys for future success will revolve around attracting as many market participants as possible.  While many crypto users are extremely tech oriented, a lot of those on the sidelines are not.  The cause of waiting on the sidelines could be due to a variety of reasons such as fear of the unknown, lack of knowledge, age, or a combination of all of the above.  In order to entice new users to join the crypto revolution, crypto ATMs are rising up across the country.  Of those, the largest and most influential crypto ATM company by a significant margin is CoinFlip.

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