XRP Loses Ground Again After a Japanese Ripple Exchange Manager Arrested for a Scam

XRP Update: Ripple’s XRP lost ground as traded versus major counterparts including the USD, EUR and BTC for the second consecutive day on Wednesday, after a manager of Ripple cryptocurrency exchange arrested for a scam in Japan.

Yuki Takenaka, the 31-year-old founder and head of a company operating the Ripple exchange, was arrested Wednesday for allegedly swindling ¥1.4 million ($12,470) from a depositor, according to the Japan Times. The news came after this week’s Swell conference in Toronto, and after news broke about Gates Foundation tapping Ripple to develop mobile payments services.

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From a technical point of view, versus the Mexican Peso, XRP tested the upper band of the brand new Ichimoku cloud which is in the process of formation on the daily time frame. Versus Bitcoin, it’s back to the key support level of 0.000036. Verus the USD, XRP has reached the lower band of the daily Ichimoku cloud and tested the support level of 0.1916 during Wednesday’s trading. If the bearish sentiment continues, we could see another drop towards the next support level at 0.1490.

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Japanese Yen lost ground

The Japanese Yen lost ground against major counterparts with the USD/JPY pushing towards the resistance level of 113. AUD/JPY and GBP/JPY also saw sharp gains during the early hours as Japan released a number of economic data including their Merchandise Trade Balance.

On the Economic Calendar…

We have Australia’s jobs data and China’s GDP also during the Asian session. During the London session, UK’s Retail Sales (SEP) will be out at 8:30 AM GMT. UK retail sales figures have been posting one upside surprise after another for the past three months, so there’s a good chance of seeing consumer spending tick higher once more. During the New York session, the US will release their weekly jobs report. Initial Jobless Claims is expected to drop to 240k from last week’s 243k.

Kiana Danial

#1 Best Selling Author. Helping you accelerate your retirement with Triple Compounding™ Former engineer on a mission to help 1 million households take control of their finances. Founder & CEO of Invest Diva.

Bitcoin Drops Entering 2026: Is It Still Worth Investing? The Answer Most Investors Miss

January 2, 2026 No Comments

Bitcoin has entered 2026 under pressure, with prices pulling back after a volatile period that left many investors questioning whether the opportunity has passed. Headlines are once again split between fear and optimism, with some calling the recent drop a warning sign and others viewing it as a healthy reset.

Unlike speculative assets that rely on constant growth stories, Bitcoin’s relevance continues to rest on its role as a scarce, decentralised digital asset that operates outside traditional financial systems. The key question for investors now is not whether Bitcoin will remain volatile – but whether this moment represents risk, opportunity, or something most investors misunderstand.

3 Bullish And 3 Risky Forces Shaping American Express Stock (AXP) Into 2026

December 26, 2025 No Comments

American Express is often viewed as a mature, well understood credit card company, but its role in the financial system is broader than many investors realize.

It sits at the center of consumer spending, business payments, travel, credit risk, and data driven decision making. As these areas evolve, the dynamics shaping American Express stock are becoming more complex and, in some cases, less obvious.

Premium consumer behavior, business spending patterns, regulatory scrutiny, and technological change are all influencing how payment companies operate and compete.

Micron Stock Surges After Blowout Earnings: Is MU Still A Buy In 2026?

December 19, 2025 No Comments

Micron Technology (NASDAQ: MU) has quietly become one of the most important companies supporting the AI boom – even if it doesn’t receive the same attention as Nvidia or other high-profile AI names.

While much of the focus is on GPUs and AI software, Micron operates behind the scenes, supplying the memory that allows AI systems, data centres, and cloud platforms to function at scale.

Following a strong earnings update, Micron’s stock surged and quickly returned to the centre of market attention. The rally reflects growing confidence that the company’s strategic shift away from lower margin consumer products toward higher-value enterprise and data-centre memory is gaining traction.

Why Big Tech Is Quietly Buying Western Digital (WDC) Stock

December 12, 2025 No Comments

Western Digital Corporation (WDC) has been on a tear, its stock price soaring over 270% year-to-date as of early December 2025.

This massive growth isn’t just hype; it’s fueled by a perfect storm of events, including the strategic spin-off of its flash business, SanDisk, and an insatiable global demand for data storage driven by the AI revolution.

As a now “pure-play” Hard Disk Drive (HDD) manufacturer, WDC is uniquely positioned as the landlord for the internet’s exploding data. But with such a meteoric rise, is there still room for growth, or is the stock overheated?

Marvell (MRVL) Stock: The Hidden AI Powerhouse Wall Street Keeps Underestimating

December 5, 2025 No Comments

Marvell Technology (NASDAQ: MRVL) is quickly becoming one of the most important companies in the AI infrastructure space – even though many investors still aren’t sure what the business actually does.

While most headlines focus on Nvidia and its GPUs, Marvell builds the networking, optical, and custom silicon chips that help AI models move data faster and run more efficiently. In its latest earnings report, Marvell posted strong double-digit growth in its data center business and shared bold guidance for the next few years, sending MRVL stock higher.

2 Months Ago Oracle Stock (ORCL) Was Flying And Now… The Mood Has Flipped. Is A Comeback Still On The Table?

November 28, 2025 No Comments

Oracle is one of the biggest names in enterprise software and cloud services. They power databases used by governments, banks, hospitals, airlines, and global corporations. For years they were known for steady tech growth, not big surprises.

Then something wild happened.

Only two months ago Oracle stock was flying. Analysts cheered. AI deals stacked up. The company felt like it had finally stepped into a new era.

Now the mood has flipped.