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 Altman’s Worldcoin secures $115m

Cryptocurrency project Worldcoin, co- established by OpenAI’s CEO Sam Altman, has reportedly raised $115 Million in a Series C round led by Blockchain Tech Financial resources. Funds will be used to facilitate its decentralized World ID and the recently released cryptocurrency wallet World App. 

Crypto Stablecoin market shrinks for the 14th consecutive month

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

Ripple case may 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 XRP Ripple (XRP) price is back below $0.45 as it persists to oscillate around this level. 

BTC/USD gained 0.5 percent in the last session.

Bitcoin (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.

Ethereum (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 as of 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 as of 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. Australia’s Retail Sales will be released at 01:30 GMT, Italy’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 the 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.

United Kingdom Retail Sales

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

United 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 concentrates 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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