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Digital currency and gateway provider, GateHub, in collaboration with crypto safety standard firm, Coincover, has announced Wallet Protect.
The launch will provide improved security solutions for XRP Ledger (XRPL) wallets. According to a recent blog post, the service will accommodate over 1.
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XRP has solidified itself as a top-five project for the past several years, at one point even giving Ethereum a run for its money. However, it’s slowly losing ground with the new kid Polkadot, who’s jousting XRP for the fourth spot.
Polkadot is on the rise.
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The XRP price is currently trading inside a neutral pattern, the breakout/down of which is likely to determine the trend’s direction.
XRP/BTC is following a descending resistance line. The bullish reversal will not be confirmed until the pair breaks out.
This is a shorter-term analysis.
Grayscale Investments has announced that it has started to dissolve the Grayscale XRP Trust. The news follows the filing of a lawsuit by the Securities and Exchange Commission (SEC) in December.
The SEC alleges that XRP is a security based on Ripple’s involvement with the digital currency.
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Lithuanian cryptocurrency exchange, CoinGate, will suspend trading in XRP on January 15th following Ripple Lab’s legal woes.
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The XRP price has been increasing since Dec. 29. Nevertheless, the increase may only be a retracement in response to the rapid decline between 19-23 Dec.
We cannot consider the XRP trend bullish unless it reclaims $0.45.
Long-Term Levels
Since reaching a high of $0.78 on Nov.
Rumors and accusations have swirled since the SEC charged the company and officials on Dec. 23.
On Dec. 7, Ripple Labs CEO Brad Garlinghouse posted a series of tweets covering the biggest questions coming from the XRP community.
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Today, host Jessica Walker takes us through the rumor mill surrounding Ripple Labs and the XRP price roller coaster.
In Brief
The Securities and Exchanges Commission (SEC) filed charges on Dec. 23 against Ripple Labs and two top executives.
After a significant drop, the XRP price initiated a considerable bounce on Jan. 7, so far increasing by 40%.
However, XRP has yet to reclaim the previous breakdown level at $0.475, and the trend cannot be considered bullish until it does so.
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Grayscale, a digital asset management firm with over $10 billion in digital assets under management, has removed XRP from its Digital Large Cap (DLC fund).
The DLC Fund is a weighted fund that rebalances cryptocurrency exposure to the top-performing tokens on a quarterly basis.
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