Ripples Final Verdict: Crypto Daily TV 26/5/2023

Ripples Final Verdict: Crypto Daily TV 26/5/2023


Get the latest crypto news: Worldcoin secures $115m, stablecoin market shrinks for the 14th consecutive month, and Ripple case may be in the final stretch – plus updates on BTC/USD, ETH/USD, XRP/USD, and LTC.

In Todays Headline Television CryptoDaily News:

Sam Altmanโ€™s Worldcoin secures $115m

Cryptocurrency project Worldcoin, co- established by OpenAIโ€™s CEO Sam Altman, has reportedly raised $115 Million in a Series C round led by Blockchainย Tech Financialย resources. Funds will be used toย facilitate its decentralized World ID and the recently released cryptocurrency wallet World App.ย 

Cryptoย Stablecoin market shrinks for the 14th consecutive month

The cryptoย stablecoin market is on track to shrink for the 14th consecutive 30ย days, a sign of financialย resources draining from the digital investment space, and a troubling tendency for the recovery of digitalย currency prices.

Ripple case mayย be in final stretch

Ripple chief Brad Garlinghouse is confident that SEC court battle is coming to a close in a matter of weeks. The XRPย Rippleย (XRP) price is back below $0.45 as it persistsย to oscillate around this level.ย 

BTC/USD gained 0.5 percent in the last session.

Bitcoinย (BTC) rose 0.5 percent against the Dollar in the last trading session. The Williams indicator is giving a positive signal. Support is at 25419.3333 and resistance is at 27705.3333.

ETH/USD rose 0.4 percent in the last session.

Ethereumย (ETH) rose 0.4 percent against the Dollar in the last trading session. The Williams indicator is giving a positive signal. Support is at 1739.8533 and resistance is at 1883.5933.

The Williams indicator is asย ofย now in the positive zone.

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Ripples Final Verdict: Crypto Daily TV 26/5/2023

XRP/USD saw a minor dip of 0.1 percent in the last session.

The Ripple-Dollar pair made a minor downwards correction in the last session, dropping 0.1%. The MACD is giving a positive signal. Support is at 0.4356 and resistance is at 0.4737.

The MACD is giving a positive signal.

Ripples Final Verdict: Crypto Daily TV 26/5/2023

LTC dropped 0.6 percent against USD in the last session.

The last session saw the Litecoin fall 0.6 percent against the Dollar. The ROC is giving a negative signal. Support is at 80.5433 and resistance is at 94.5033.

The ROC is asย ofย now in the negative zone.

Ripples Final Verdict: Crypto Daily TV 26/5/2023

Daily Economic Calendar:

AU Retail Sales

Retail Sales measure the total receipts of retail stores. Monthly % changes reflect the price of change of such sales. Australiaโ€™s Retail Sales will be released at 01:30 GMT, Italyโ€™s Business Confidence at 08:00 GMT, and French Consumer Confidence at 06:45 GMT.

IT Business Confidence

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Business Confidence is a survey of theย present business conditions. It signifies the short-term performance of the overall economy.

FR Consumer Confidence

Consumer Confidence is a leading index that measures the level of consumer confidence in economic activity.

Unitedย Kingdom Retail Sales

Retail Sales measure the total receipts of retail stores. Monthly % changes reflect the price of change of such sales. The UKโ€™s Retail Sales will be released at 06:00 GMT, the UKโ€™s CFTC GBP NC Net Positions at 20:30 GMT, and Japanโ€™s Leading Economic Index at 05:00 GMT.

Unitedย Kingdom CFTC GBP NC Net Positions

The weekly Commitments of Traders (COT) report provides information on the size and the direction of the positions taken. The report concentratesย on speculative positions.

JP Leading Economic Index

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The Leading Economic Index is an economic indicator comprising 12 indices such as account inventory ratios, machinery orders, stock prices, and other leading economic indicators.

Source

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