Ripple price corrected lower recently and tested the $0.3175 level against the US dollar.The price bounced back and traded above the $0.3200 and $0.3220 resistance levels.There was a break above a key bearish trend line with resistance near $0.3220 on the hourly chart of the XRP/USD pair (data source from Kraken).The pair is currently forming a bullish continuation pattern and it could revisit the $0.3300 resistance.Ripple price is slowly recovering against the US Dollar, whereas still struggling versus bitcoin. XRP could recover further above $0.3280, but it is likely to struggle near $0.3320.Ripple Price AnalysisRecently, we saw a strong downside correction in ripple price from the $0.3470 swing high against the US Dollar. The XRP/USD pair declined below the $0.3320 and $0.3250 support levels. The pair even broke the $0.3200 level and traded close to the $0.3175 level, where buyers took a stand. Finally, the price started a decent rebound and recovered above the $0.3200 level. There was a break above the 23.6% Fib retracement level of the last drop from the $0.3470 high to $0.3174 low.Moreover, there was a break above a key bearish trend line with resistance near $0.3220 on the hourly chart of the XRP/USD pair. The pair spiked above the $0.3300 level, but it faced a strong resistance near the $0.3320 level. The 100 hourly simple moving average also acted as a strong resistance. Besides, the 50% Fib retracement level of the last drop from the $0.3470 high to $0.3174 low also acted as a hurdle for buyers. The price retreated from highs and retested the $0.3200 level.At the outset, the price seems to be forming a bullish continuation pattern with resistance at $0.3260 on the same chart. A break above the $0.3260 level is likely to push the price above the $0.3280 resistance. The price might even break the $0.3300 level, but it is likely to struggle near the $0.3320 level. Above $0.3320, the price could face resistance near $0.3345 and $0.3360. On the flip side, if the price struggles to move above $0.3280 or $0.3300, there may be a fresh decrease.Looking at the chart, ripple price is clearly struggling below the $0.3300 and $0.3320 resistance levels. In the short term, there could be an upward move, but the price is likely to face a strong selling interest near $0.3300, $0.3320 and $0.3345. Only a successful close above $0.3360 might push the price towards $0.3500.Technical IndicatorsHourly MACD – The MACD for XRP/USD is about to move into the bullish zone.Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now placed nicely above the 50 level.Major Support Levels – $0.3220, $0.3200 and $0.3175.Major Resistance Levels – $0.3280, $0.3300 and $0.3320.
Archives for April 22, 2019
Just one month after a coordinated global law enforcement operation executed a sweeping takedown of dark web drug dealers, rumors are swirling that a popular dark-net market has allegedly attempted a major exit scam.
According to a thread on the Dread Forum, a Reddit-like website for dark web users, Wall Street Market (WSM) has likely exit scammed, absconding with as much as $30 million of users’ cryptocurrency stored in the platform’s escrow account.
Additionally, WSM administrators are warning users about the scam, cautioning the public to stop depositing funds on the website. Worse, they are alleging that the marketplace’s official community manager and moderator, “Med3I1n”, has been attempting to blackmail customers.
WSM vendor VanillaSurf received the following ominous message in their dispute dialogue box:
The Med3I1n account has since been banned from the Dread Forum for “rule violations.”
Users began to suspect that something was amiss two days ago. That’s when the WSM moderator nebula announced that the marketplace was experiencing technical difficulties due to the crash of its “bitcoin server.” Nebula posted the following message:
“If you do not know, in the last days, as described by the administrators, we’re experiencing problems due to a server crash that caused our bitcoin server to be out of sync with the blockchain. These problem result in loss of the control over the wallets for this server until is completely resynchronized.”
Users Being Blackmailed?
There are also reports of support staff blackmailing customers who sent their shipping address in plaintext via order tickets and disputes.
WSM vendor “californiasfinest” told deepdotweb.com that the marketplace’s support department has been threatening to leak their contact information to the Federal Bureau of Investigation (FBI) and Europol if they don’t pay a cryptocurrency ransom.
Californiasfinest said: “the support department is sending messages with all of my orders that include plain text on their bitcoin address, asking for them. They are blackmailing users now to pay or they will be included in the list which will be leaked to the FBI and Europol. They further warned that this is not a burned packstation or a burn drop, emphasizing that the investigations will go deep once the whole marketplace is crawled and saved, adding that if a user pays and includes the id of the order on the dispute message, they will be removed off the list leaked to law enforcement.”
WSM’s alleged exit scam comes on the heels of Operation SaboTor, a coordinated dark web takedown that resulted in 61 arrests, the closure of 50 dark-net accounts, and the seizure of $7 million dollars. At the same time, these rumors follow the announced closure of Dream Market, one of the longest running illegal marketplaces on the dark web.
Following Dream Market’s shutdown announcement, there is speculation that many Dream Market “refugees” migrated to the WSM platform, causing an influx of new cryptocurrency escrow deposits.
Thus, law enforcement’s disruption of the cyber-underworld economy, redirected a high volume of cryptocurrency deposits to WSM, creating optimal conditions for an exit scam.
While it’s still too early to tell if WSM users have, in fact, been defrauded by the platform’s operators, chatter on the marketplace’s Dread Forum page seems to indicate that an exit scam has likely occurred.
On Dread Forum’s /d/WallStreetMarket page, a warning can be seen in bold red letters: WSM HAS EXIT SCAMMED!
This story is developing…
Bitcoin’s price extended its recent gains today by spiking above $5,500 for the first time in over five months.
At 04:00 UTC, the world’s premier cryptocurrency, whose market capitalization accounts for more than half of all other cryptocurrencies combined, picked up a bid and saw its price climb as high as $5,650 in less than 10 minutes on April 23 – its highest price since Nov. 18, 2018.
At the time of writing, bitcoin’s price has since pulled back slightly, now trading across exchanges at an average price of $5,586, according to CoinDesk’s price data.
Also up roughly 1.48 percent on the day, bitcoin’s individual market capitalization rose to its highest value since mid-November of $96.9 billion while its percent share of the broader cryptocurrency market, also known as its “dominance rate,” currently records 53.2 percent, according to CoinMarketCap.
CoinMarketCap data also reveals the cryptocurrency’s exchange trade volume reached 15 billion in the last 24 hours, yet those figures may be misleading as suggested by a recent report from asset management firm Bitwise, which identified 95 percent of the reported trading volume on CoinMarketCap to be fake, with only 10 exchanges reporting honest figures.
These 10 exchanges combined, which include the likes Coinbase, Kraken, Bitstamp and more, reported $14.95 billion worth of total bitcoin trading volume in 24-hours time, according to Messari.io.
Generally accompanied by a strong move in bitcoin’s price are similar movements to the USD value of most other cryptocurrencies.
Indeed, the broader market is flashing green today with nine of the top 10 cryptocurrencies by market cap rank reporting gains above two percent, the strongest performer of which, Cardano (ADA), is now up 9.71 percent on the day (CoinDesk data).
In all, the total capitalization of the cryptocurrency market increased roughly 6.3 billion during today’s rally and now registers $184.3 million, down roughly 78.2 percent from it’s all time high of $835 billion achieved on January 7, 2018, Coinmarketcap data further reveals.
Disclosure: The author holds no cryptocurrency at the time of writing.
Crypto markets starting to surge; Bitcoin breaks resistance, Cardano cranking, Tezos climbing and DigixDAO getting fomo.Market WrapAs the week progresses crypto markets are looking stronger. Bitcoin is pulling them all up as it breaks through resistance to form a new 2019 high. Market capitalization is ramping up to do the same as it surges upwards of $180 billion again.Bitcoin did what many had been waiting for over the past week – break resistance and surge to $5,640 according to TradingView. In typical fashion this happened within about an hour during the Asia trading session late this morning. The move puts BTC up almost 7 percent today as that fabled ‘golden cross’ finally comes into play. Next stop will be $6,000 if the momentum can continue in Europe and the US today.Good stuff. Golden cross and all. $BTC pic.twitter.com/KX3LKkyFKv— Alex Krüger (@krugermacro) April 23, 2019Ethereum has been a lot slower to react and has only moved a couple of percent to just below $175 again. It is likely to move higher on the BTC momentum though as the day progresses, getting a boost from its big brother.The altcoins are all green again as Bitcoin plays the digital pied piper and leads them all higher. The top gaining crypto in this section at the time of writing is Cardano which has pumped 9 percent on the day to $0.080. Not a great deal of movement elsewhere though aside from Bitcoin Cash which is back at $300.The top twenty is also starting to move with Tezos climbing the most at 8 percent to $1.43. Bitcoin SV and NEO have made 4 percent and the rest a couple. Gains are likely to increase as the day goes on if Bitcoin can hold itself above $5,500.FOMO: DigixDAO Driving ForwardA huge fomo driven pump has taken DGD up 34% on the day. Binance has taken 70% of the $30 million daily volume as the gold based token surges to $35. DigixDAO used to trade inversely to the rest of the altcoins as it was commodity based but the bear market has hammered it just as badly.South Korean crypto favorite ICON has also had a strong day with a 15% pump to $0.41. There are no major dumps occurring right now but BAT is at the bottom of the pile as it drops another 6 percent today with Maximine Coin not far behind.Total market capitalization 24 hours. Coinmarketcap.comTotal crypto market capitalization is likely to hit a new 2019 high later today. It is currently at $184 billion which is up 4 percent on the same time yesterday. The $7 billion cash injection has gone largely into Bitcoin which is at three month market dominance high of 53.2%. Total volume is approaching $50 billion as more gains across the board are likely to follow this Tuesday.Market Wrap is a section that takes a daily look at the top cryptocurrencies during the current trading session and analyses the best-performing ones, looking for trends and possible fundamentals.
The total crypto market cap bounced back after testing the $167.5B level.Bitcoin price rallied to a new 2019 high above the $5,500 resistance level.Litecoin (LTC) price is currently consolidating above the $75.00 support area.Bitcoin cash price is slowly moving higher towards the $295 and $300 resistance levels.Tron (TRX) price is currently struggling and it could test the $0.0245 support area.Cardano (ADA) price rallied recently and broke the $0.0750 and $0.0760 resistance levels.The crypto market cap is climbing steadily, with bullish moves in bitcoin (BTC), Cardano (ADA) and Ethereum (ETH). Ripple, litecoin (LTC), bitcoin cash, TRX, XLM and BNB could extend gains.Bitcoin Cash Price AnalysisBitcoin cash price corrected lower and tested the $280 support area against the US Dollar. The BCH/USD pair is currently recovering and recently broke the $290 resistance levels. On the upside, an immediate resistance is at $295, above which the price could face hurdles near the $300 level.On the downside, the $290 level is a decent support. If buyers lose control again, there is a risk of a fresh decrease towards the $282 or $280 support level.Cardano (ADA), Litecoin (LTC) and Tron (TRX) Price AnalysisLitecoin price corrected lower below the $80.00 and $75.00 support levels. LTC price tested the $72.00 level and recently climbed back above $75.00. It is currently consolidating above $75.00, with many hurdles on the upside near the $78.00 and $80.00 levels.Tron price declined heavily and broke the $0.0260 and $0.0252 support levels. TRX price is currently trading below the $0.0250 support, with a bearish angle. There is a risk of more losses towards the $0.0245 or $0.0242 support. On the upside, a break above the $0.0250 and $0.0255 resistances is must for a decent comeback.Cardano price performed really well after it tested the $0.0720 support area. ADA is up more than 8% and it recently broke the $0.0750 and $0.0760 resistance levels. The next main resistance is at $0.0800, above which the price could start a strong upward move towards the $0.0880 and $0.0900 levels.Looking at the total cryptocurrency market cap 4-hours chart, there was a minor downside correction recently below the $170.0B support. However, the $167.5B level acted as a strong support along with the 50% Fib retracement level of the last wave from the $159.9B low to $174.5B high. The market cap is again moving higher and it seems like it could surge above the $175.0B and $176.0B levels. The next main resistance is near the previous swing high at $180.0B. If there is another dip, buyers are likely to protect losses below $167.5B and $166.0B. Overall, there are chances of more upsides in bitcoin, Ethereum, EOS, litecoin, ripple, ADA, BCH, TRX, ICX, XLM and other altcoins in the near future.
ETH price corrected lower and tested the $165-166 support area against the US Dollar.The price bounced back and recently broke the $169 and $170 resistance levels.There is a key ascending channel in place with support at $170 on the hourly chart of ETH/USD (data feed via Kraken).The pair is likely to accelerate higher and it could soon break the $175 and $176 resistance levels.Ethereum price is holding the ground versus the US Dollar and bitcoin. ETH seems to be following a bullish path and it may accelerate above the $175 resistance in the near term.Ethereum Price AnalysisRecently, we saw a sharp downside correction in Ethereum price from the $178 swing high against the US Dollar. The ETH/USD pair broke the $170 support level and traded close to the $165 support area. A swing low was formed at $166 and the price bounced back in the past three sessions. There was a break above the $169 and $170 resistance levels, pushing the price back in a positive zone. The price even settled above the $170 level and the 100 hourly simple moving average.The bulls pushed the price above the 50% Fib retracement level of the last decline from the $178 high to $166 low. The price traded close to the $174 level, where sellers emerged. Besides, the price tested the 61.8% Fib retracement level of the last decline from the $178 high to $166 low. At the moment, there is a key ascending channel in place with support at $170 on the hourly chart of ETH/USD. The pair seems to be trading nicely above the $170 level and the 100 hourly SMA.As long as the price is above the $169 and $170 support levels, there could be more gains in the near term. On the upside, a break above the $175 resistance is likely to open the doors for more gains. The next stop for the bulls could be $180, where sellers might appear. On the other hand, a break below the $169 pivot level may push the price back towards the $166 level.Looking at the chart, Ethereum price is trading with a positive bias above the $169 and $170 support levels. The current price action indicates an extended upward move above the $174 level. Once buyers gain pace above $175, there could be a sharp rally towards the $180 and $182 levels.ETH Technical IndicatorsHourly MACD – The MACD for ETH/USD is about to gain strength in the bullish zone, with positive signs.Hourly RSI – The RSI for ETH/USD is currently placed nicely above the 50 level, with a bullish angle.Major Support Level – $169Major Resistance Level – $175
By CCN: Both Kraken and Bitmain have asked a federal court in Florida to dismiss a lawsuit against them brought by UnitedCorp, the news of which CCN broke back in December. The UnitedCorp lawsuit, broadly speaking, accuses Bitmain, Kraken, and others in concert with Roger Ver of conspiring to manipulate the Bitcoin Cash price and deviate from network consensus by “winning” the hash war.
Were Bitmain and Bitcoin.com Acting Illegally During the Bitcoin Cash Hash War?
The most exciting aspect of the lawsuit is that it asks the court to consider whether Bitmain and others violated the public trust by diverting SHA-256 miners to the Bitcoin Cash ABC fork. UnitedCorp is a blockchain-focused company with a few patents and interesting concepts under its belt, which have mostly decided to go with the Bitcoin SV version of Bitcoin Cash.
Legal experts view crypto exchange Kraken’s attempts to dismiss the case as more valid than other efforts. Kraken argues that it has no incentive to manipulate the price of Bitcoin Cash downward as it earns more money in bull markets. The company notably listed Bitcoin SV after the hard fork last November and more recently delisted it.
Bitcoin SV (BSV) deposits are now disabled. Deposits currently pending will be credited shortly. If you send funds in now, you may not be credited until after trading is disabled on April 29th. Please withdraw all BSV by May 31st, 2019. https://t.co/ejPSSJfhjb
— Kraken Exchange (@krakenfx) April 22, 2019
Both parties argue that the hardfork did not affect the Bitcoin Cash price, which is a hard stance to take. Bitcoin Cash was at around $600 before the hardfork and quickly plummeted. Combined with Bitcoin SV, it has not since recovered, although bitcoin itself has pushed back toward its previous levels. Still, the behavior of traders cannot be attributed to a single company or its decisions, seems to be the logic that Kraken and Bitmain are basing their arguments on.
Court’s Decision to Be “Very Interesting”: Legal Experts
According to lawyer Stephen D. Palley, the outcome of the dismissal requests will be interesting.
“The motions appear to be largely briefed, so we will eventually receive a very interesting Order from the Court, resolving all of this. There are state law claims as well, which the defendants also seek to have dismissed. We’ll provide an update when the ruling is handed down. While motions to dismiss are difficult at this stage, if someone can state a plausible claim, I would not be shocked if the antitrust claims are dismissed, at least as to Kraken and Powell. I have a lesser degree of certainty about Bitmain, but some real doubts about the damages claim here, which sounds weak.”
— Andrew Cox (@andrewwcox) December 6, 2018
Bitcoin SV has so far brought numerous interesting issues before courts. In one ongoing case, Craig Wright may have the opportunity for a court to officially tell him that he is not Satoshi Nakamoto (or the opposite). In this case, if it’s heard to its conclusion, the court may be asked to enforce the rules of consensus. Aspects of the case that are also interesting to cryptonaughts include the notion that Bitcoin.com may be guilty of fraud for diverting rented hashpower to the Bitcoin Cash network, even though people intended to pay for bitcoin mining. It would seem this would require a separate lawsuit.
However the case turns out, the findings of the court will be important to crypto moving forward. If it finds there is no ground to continue the case against all of the defendant parties, then future litigants of this nature will learn from its decision. If it finds that the case needs to proceed, we may have new guidelines for how crypto companies should behave regarding protocol changes. Perhaps most interesting of all, we’ll learn whether or not federal courts have jurisdiction over the behavior of crypto prices – can a few companies be held responsible for the actions of thousands of traders?
The crypto markets have incurred overwhelmingly bullish price action over the past several weeks that appears to have confirmed many analyst’s belief that $3,200 truly is a long-term bottom for Bitcoin (BTC). The recent price action has drastically shifted overall market sentiment, and many investors are growing increasingly bullish with each new day.Despite this shift, one highly-respected analyst laid out what he believes is a realistic “maximum pain scenario” for Bitcoin, explaining that it may surge to above $6,000 before incurring significant selling pressure that pushes it lower.Bitcoin (BTC) Solidifies Position in $5,300 Range At the time of writing, Bitcoin is trading up less than 1% at its current price of $5,330, up from 24-hour lows of $5,260.After incurring some light selling pressure during this past Sunday, Bitcoin has been able to continue climbing higher and appears to have firmly solidified its position in the $5,300 region, just slightly below its historically established resistance level that is exists at $5,400.Over a one-week period, BTC is up significantly from its lows of $5,020, which were set last Monday. The cryptocurrency is currently trading just a hair below its seven-day highs of roughly $5,360, which were set earlier today.UB, a popular cryptocurrency analyst on Twitter, shared his thoughts on Bitcoin’s current price action, explaining that yesterday’s small dip could have been just what was needed to spark a small rally that would confirm his bullish sentiment.“$BTC – I wouldn’t be surprised if yesterday was “The Dip” before testing the local highs. I’d like to see a Daily Close above $5320 to further confirm my bullish argument. If I don’t see that in the next day or two, my bearish arguments will begin to hold more weight,” he explained in a recent tweet.$BTC – I wouldn’t be surprised if Yesterday was “The Dip” before testing the local highs. I’d like to see a Daily Close above $5320 to further confirm my bullish argument.If I don’t see that in the next day or two, my bearish arguments will begin to hold more weight.
#BTC pic.twitter.com/jEKuc1nZmB— UB (@CryptoUB) April 22, 2019Will BTC Witness a “Maximum Pain Scenario?”Although Bitcoin may be on the edge of incurring some significantly bullish momentum, a move higher may be directly followed by a drop back into the lower $4,000 region.Alex Krüger, an economist who focuses primarily on cryptocurrencies, explained this possibility in a recent tweet, saying that he thinks another drop to $4,000 is the most realistic “maximum pain scenario” for the cryptocurrency.“Maximum pain scenario for $BTC: – shoot through to $6000 – rest right above $6000, luring longs in – dump back down to $4000s in 2 days – have everyone scream ‘this is The End’ – slowly move back up,” he explained.Maximum pain scenario for $BTC:– shoot through to $6000
– rest right above $6000, luring longs in
– dump back down to $4000s in 2 days
– have everyone scream “this is The End”
– slowly move back up— Alex Krüger (@krugermacro) April 22, 2019Although BTC was just trading at $4,000 a few weeks ago, the question remains as to whether or not the recent price surge and continued upwards momentum will build enough support levels to keep the crypto above the $5,000 price level.Featured image from Shutterstock.
Coinbase is moving to shut down its political action committee (PAC) without ever raising a cent.
The San Francisco-based crypto exchange filed a Termination Report for its PAC on April 3, 2019, according to publicly available documents on the Federal Election Commission’s website (FEC). The move means that the exchange wants to shut down its PAC, though it was not immediately clear if the committee had actually been shut down.
A Coinbase spokesperson confirmed that the exchange had filed to shut down its PAC, but could not say if the FEC has granted the request yet.
PACs are typically formed to raise funds on behalf of specific candidates for public office or business and ideological interests. However, the Coinbase PAC did not raise any funds, nor did it back any candidates during its 10-month lifespan, public filings show.
Brian Brooks, who joined Coinbase as chief legal officer in September, was the likely candidate to have taken over the PAC following Lempres’ departure.
According to the FEC’s website, a committee can file to terminate its operations if “it no longer receives (or intends to receive) contributions,” or if “it no longer makes (or intends to make) expenditures.”
That said, a committee is required to continue regularly filing disclosure reports until the FEC accepts the termination report, the site explained, adding:
“Committees shouldn’t stop filing just because they checked the ‘Termination Report’ box on their regular campaign finance disclosure form. Committees must file regularly scheduled reports until the Commission notifies them in writing that it has granted their request to terminate.”
Coinbase CEO Brian Armstrong at Consensus image via Coinbase/YT
The past several weeks have been overwhelmingly positive for the crypto markets, with Bitcoin finding its footing in the lower-$5,000 region and many altcoins putting a significant amount of distance between their current prices and their 2018 lows. Despite this, Ripple (XRP) has been one of the few cryptos that has not incurred any massive gains, much to the chagrin of its investors.One possible factor behind Ripple’s less-than-positive price action over the past several weeks could be the release of JPMorgan’s cryptocurrency – aptly names JPM Coin – which is widely viewed as being a competitor to XRP.Ripple (XRP) Stable Around $0.32, But Caught in Persisting Trading Range Although XRP’s recent price action hasn’t been bullish per say, it hasn’t necessarily been bearish either, as it has simply been trading flat around its current price levels.At the time of writing, Ripple is trading up 1.2% at its current price of $0.324, up slightly from its daily lows of $0.319. While looking over a seven-day trading period, XRP is down from highs of roughly $0.35, and is just a hair above its weekly lows of $0.318.This relative stability is not unique to the past seven days, however, as XRP has been caught in a bout of sideways trading since the beginning of the year.While looking at Ripple’s year-to-date price action, it has been ranging between highs of $0.38 and lows of $0.28, with strong resistance at the former price level, and strong support at the latter.Harry, a popular cryptocurrency trader on Twitter who focuses primarily on XRP, recently noted that XRP is in what he calls an “accumulation” phase, and breakouts of the persisting range may not be seen until the third or fourth quarter of this year.“$XRP is in accumulation for an Adam & Eve double bottom, big breakout / continuation starts around $0.63c usdt. April mark’s the eve centre, breakouts likely as far out as Q3, Q4,” Harry said in a recent tweet.$XRP is in accumulation for an Adam & Eve double bottom, big breakout / continuation starts around $0.63c usdt. April mark’s the eve centre, breakouts likely as far out as Q3, Q4. $BTC has resistance over resistance from a technical perspective regardless of BARR bump/ run x https://t.co/7InP5ERFQm— Harry (@HaraldoXRP) April 21, 2019Could JPM Coin Be Negatively Affecting XRP’s Price?Earlier this year, the world was surprised to discover that JPMorgan Chase, one of the largest banks in the world, was releasing a cryptocurrency that is strikingly similar to XRP in some regards.In a recent tweet, The Crypto Dog, another popular cryptocurrency analyst, asked the Twitter crypto community why a bank would use XRP over JPM Coin, which sparked a heated debate as to whether or not XRP is truly a JPM Coin competitor.“Not hating on this tweet, just genuinely curious: Why would any bank use a volatile currency like $XRP over a ‘bank approved’ stablecoin like JPM coin?” he asked.Not hating on this tweet, just genuinely curious:Why would any bank use a volatile currency like $XRP over a “bank approved” stablecoin like JPM coin?— The Crypto Dog📈 (@TheCryptoDog) April 20, 2019To this, Harry responded noting that JPM Coin only has value on its own network, and that XRP would be better suited to facilitate cross-network payments.“JMP [sic] coin likely only has value on its own network, moving money between networks will require something different, maybe interledger, maybe $XRP but let’s assume it will be something without any counterparty,” he explained.JMP coin likely only has value on its own network, moving money between networks will require something different, maybe interledger, maybe $XRP but let’s assume it will be something without any counterparty x— Harry (@HaraldoXRP) April 20, 2019Although it is unclear as to whether or not JPM Coin has truly put any downwards pressure on Ripple’s price, investors will likely soon discover whether or not XRP has been coiling like a spring over the past several months, ready to surge upwards, or if it has further to fall.Featured image from Shutterstock.