XRP price could rally by 50%, Crypto Daily TV 05/10/2022

In Todays Headline TV CryptoDaily News:

https://www.youtube.com/watch?v=fAWBc-wIc0Y

Mastercard launches new crypto fraud protection tool.

The financial service provider Mastercard will launch a new crypto service related to risk management. Mastercard’s new service, Crypto Secure, is aimed to help banks find and prevent fraud on crypto merchant platforms.

Bankrupt crypto lender Celsius loses top executive and co-founder.

According to an internal email, Daniel Leon, co-founder and strategy chief of bankrupt crypto lending platform Celsius, has stepped down. His exit comes a week after the company’s CEO, Alex Mashinsky, submitted a resignation letter.

XRP price could rally by 50%.

XRP could see a massive price rally in 2022 based on the assumption that Ripple will win its long-running legal battle against the SEC.

BTC/USD skyrocketed 3.7% in the last session.

The Bitcoin-Dollar pair skyrocketed 3.7% in the last session. According to the CCI, we are in an overbought market. Support is at 187341 and resistance is at 201401.

The CCI is signaling an overbought market.

ETH/USD exploded 2.9% in the last session.

The Ethereum-Dollar pair skyrocketed 2.9% in the last session. According to the CCI, we are in an overbought market. Support is at 1244.261 and resistance is at 1368.741.

The CCI is signaling an overbought market.

XRP/USD skyrocketed 4.1% in the last session.

The Ripple-Dollar pair skyrocketed 4.1% in the last session. Support is at 0.4249 and resistance is at 0.4879. 

The RSI is currently in the negative zone.

LTC/USD exploded 2.3% in the last session.

The Litecoin-Dollar pair skyrocketed 2.3% in the last session. According to the CCI, we are in an overbought market. The RSI is giving a negative signal. Support is at 50.6833 and resistance is at 56.0633.

The CCI is signaling an overbought market.

Daily Economic Calendar:

US ISM Services PMI

The ISM Services PMI shows the business conditions outside of the manufacturing sector, taking into account expectations for future production, new orders, inventories, employment and deliveries. The US ISM Services PMI will be released at 14:00 GMT, Germany’s Exports at 06:00 GMT, and Germany’s Trade Balance at 06:00 GMT.

DE Exports

The Exports measure the local economy’s total exports of goods and services. Steady demand for exports helps to support growth in the trade surplus.

DE Trade Balance

The Trade Balance is the total difference between exports and imports of goods and services. A positive value shows a trade surplus, while a negative value represents a trade deficit.

AU AiG Performance of Construction Index

The AiG Performance of Construction Index is an indicator that measures the short-to-medium-term conditions in the construction market. Australia’s AiG Performance of Construction Index will be released at 21:30 GMT, Japan’s Jibun Bank Services PMI at 00:30 GMT, and the US ADP Employment Change at 12:15 GMT.

JP Jibun Bank Services PMI

The Jibun Bank Services Purchasing Managers Index (PMI) captures the business conditions in the services sector. The services PMI is an important indicator of the overall economic conditions.

US ADP Employment Change

The ADP Employment Change is a measure of the change in the number of employed people in the US, making it an indicator of the labour market.

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.