Ripple (XRP) Bulls Aim Larger Breakout Above $0.20

Ripple price is consolidating above the $0.1850 and $0.1880 support levels against the US dollar. XRP could start a larger rally if it clears the main $0.2000 resistance area. There is a major breakout pattern forming with resistance near $0.1930 on the hourly chart of the XRP/USD pair (data source from Kraken). Conversely, the pair might collapse if it breaks the $0.1850 support area. Ripple price seems to be preparing for a larger breakout against the US Dollar, similar to bitcoin. XRP price must settle above $0.2000 to start a…

True Financial Freedom or a Criminal’s Delight?

The right to privacy is a fundamental prerequisite for peace of mind and security. The idea that only criminals have something to hide is strange. Contrarily, privacy is sought by almost everyone. Yet, it still gets stigmatized as suspicious — reserved solely for criminals or deviants.  Similarly sharing this unjust scrutiny are cryptocurrencies, which are — rather ironically — branded as a tool for felons, based largely on their anonymous hallmarks. However, no cryptocurrency is as disparaged for this discreet quality more than the privacy coin. But just what are…

Ethereum (ETH) Price Primed For More Upsides Unless It Breaks $120

Ethereum is currently trading in a range below the $130 and $132 resistances against the US Dollar. The price is likely to bounce back as long as it is trading above the $120 support. There is a major bearish trend line forming with resistance near $132 on the hourly chart of ETH/USD (data feed via Kraken). ETH could spike towards the $120 support before it starts a real upward move. Ethereum price is showing a few positive signs versus the US Dollar and bitcoin. ETH price remains well supported for…

Key Players in Crypto and Blockchain Share Their New Year’s Wish for 2020

The digital currency space has seen rapid growth and expansion in 2019, with heightened interest from governments and global corporations. Cryptos recovered from the 2018 bear market, when with Bitcoin (BTC) crashed to as low as $3,800, leaving numerous experts to paint a gloomy picture of a longstanding bear market and call the downturn in the first half of 2019 the longest and harshest in the crypto history. While cryptocurrency markets were struggling to recover, corporate and central bank digital currencies have quietly become a focus of attention.  The blockchain…

What You Need To Know About Congress’s Two Proposed Crypto Laws

As the cryptocurrency universe enters 2020, U.S. lawmakers are drafting bills to provide clarity around stablecoins and offer regulations for tech companies like Facebook that might want to create their own cryptocurrencies. The draft legislation “Keep Big Tech Out Of Finance Act” was proposed on July 15, 2019 by the Democratic majority of the House Financial Services Committee. While this legislation specifically targets Libra, a new digital currency spearheaded by Facebook, the proposal aims to prevent big technology companies from operating like financial institutions. According to a copy of the draft…

Bitcoin Price Will Crash Below $1k in 2020, ZenGo CEO ‘Jokingly’ Predicts

As the crypto community enters 2020, the CEO of the ZenGo wallet Ouriel Ohayon tweeted his new year predictions, one of which was that the price of Bitcoin will crash below $1,000. Ohayon tweeted 9 hours ago to press, “Bitcoin will crash to sub-1000 USD.” Along with his Bitcoin price prediction, Ohayon shared: “All hardware wallets will be hacked; Tron/XRP will become the most important cryptocurrency; Satoshi identity will be revealed and will be disappointing; Trump will stack sats on twitter; Lightning will have glorious adoption.” Source Twitter Was Ohayon…

Taylor Monahan on Crypto’s Divergent Possibilities in 2020

Taylor Monahan is the founder and CEO of MyCrypto. In this interview as part of The Breakdown’s end of year coverage, she argues that the level of discourse in crypto matured in 2019, with more focus on things that actually matter. That’s important, because in 2020, she predicts a major fork-in-the-road moment, where the industry as a whole could either stay on the path set out in its cypherpunk roots, or be significantly co-opted and corrupted by the entrance of corporate and government actors into the space. Disclosure Read More…

XRP Eyeing a 175% Bullish Rebound, Claims Top Analyst

Ripple’s controversial native token XRP closed 2019 at a substantial loss, but according to a prominent analyst, the cryptocurrency is ready to break the bearish jinx in 2020. Crypto Michaël, a popular cryptocurrency analyst on Twitter, spoke about this on Wednesday, saying that the XRP-to-dollar exchange could undergo a massive trend reversal this year. The top crypto trader predicted a 175 percent rebound for the pair after taking cues from its historical trading data, as shown in the chart below. A historical pattern indicates XRP could attempt a strong pullback |…

Bitcoin to Boom after Markets Run Out of Fed Support

The US central bank’s effort to expand its balance sheet through a pseudo-quantitative easing program could prompt bitcoin to pursue its next bull run. Since October, the Federal Reserve has been buying $60 billion worth of T-bills every month. Moreover, the organization is purchasing another $20 billion in MBS and TSY maturity investments, alongside tens of billions in overnight repos. That has led the Fed’s balance sheet to explode by over $400 billion in about four months. But that is still not quantitative easing (QE), according to an assertive Fed…