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XRP Price Fighting for $0.40 Against the Trading Volume Drop

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  • Denys Serhiichuk
    📈 Price Predictions

    ⚡ 📉Ripple has decreased by 5% over the previous day. Our price prediction explains what it means for the long and short terms scenarios🔮 👉

XRP Price Fighting for $0.40 Against the Trading Volume Drop
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Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

ByBit

If some coins are trying to get out from correction as soon as possible, Ripple is falling faster than other top coins, Bitcoin and Ethereum. Its rate has dropped by 5% over the last day.

Even the news background did not help Ripple to withstand the price decline. The vice-president of the largest financial company American Express, which provides payment services in different parts of the world, confirmed the intention to use the Ripple xCurrent solution to increase the efficiency of their work.

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Ripple Price Prediction 2019: XRP Might Reach $1.20 by the End of 2019

What is more, SBI Ripple Asia, a subsidiary of Japanese banking giant SBI, announced that it is currently working on accepting XRP as a form of payment in retail stores.

XRP/USD 1-hour chart

XRP is following our earlier scenario and keeps falling due to the negative sentiments of participants on the entire market.

Probably, a decline to $0.37 is supposed to happen, after which, perhaps, we will see some changes in a positive way.

It is worth noting that there are signs (trading volume drop) of the formation of a descending channel, due to which there is a possibility that the sluggish market conditions may persist for a long time.

XRP/USD daily chart

On the daily chart, Ripple is looking more bullish; if the support at $0.38 is not broken, the coin remains dominated by buyers. The MACD indicator backs up such tendencies, locating in the ascending channel. Although the trading volumes have declined over the past days, their amount still prevails over the marks of 2018.

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Overall, in the long-term projection, Ripple can achieve $0.50 until the end of summer.

The price of XRP is trading at $0.3981 at the time of writing.

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About the author

With more than 5 years of trading, Denys has a deep knowledge of both technical and fundamental market analysis. Mainly, he has started his blog on TradingView where publishes all relevant information and make predictions about top coins.
Thus, his experience is backed up by working in top blockchain related companies such as W12, Platinum Listing & ICO Advisory, ATB Coin, and others.

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One of Richest Bitcoin Addresses Holds $650 Mln Worth of BTC Stolen from Mt. Gox Exchange

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  • Alex Dovbnya
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    One of the richest whales has never touched all 79,956 coins that were infamously stolen from Mt. Gox

One of Richest Bitcoin Addresses Holds $650 Mln Worth of BTC Stolen from Mt. Gox Exchange
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ByBit
Contents

Casa CTO Jameson Lopp has noticed a tidbit in the most recent CoinMetrics report. It appears that the sixth richest Bitcoin address holds 79,956 BTC (approximately $650 mln at today's prices) that was stolen from the now-defunct Mt. Gox exchange.

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Ill-gotten coins

Notably, these coins have been touched since 2011 (the year they were stolen). It was either a very disciplined holder or someone who lost access to their private keys. CoinMetrics states that the latter is the most likely reason behind this eight-year silence.

One of the biggest security breaches in the history of crypto occurred on June 19, 2011. The hacker was able to artificially tank the Bitcoin price to just $0.01 by creating a mammoth-size ask order.       

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Mysterious whales

It might be one of the richest addresses considering that the fattest Bitcoin wallets actually belong to cryptocurrency exchanges that use them as a cold storage.

As reported by U.Today, there are plenty of the so-called "zombie addresses," which haven't seen a single transaction in more than 18 months.

One enormous Bitcoin wallet is believed to be in the hands of an anonymous Asian billionaire.    

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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with an extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

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