Ripple price started a fresh increase above the $0.80 zone against the US dollar. The price is now trading above $0.7500 and the 55 simple moving average (4-hours). There is a major contracting triangle forming with resistance near $0.8200 on the 4-hours chart of the XRP/USD pair (data source from Bittrex). The pair could continue to move up if it clears the $0.8200 resistance level. Ripple price is trading in a bullish zone above $0.7000 against the US Dollar, like...
Read More »Ripple Price Analysis: XRP Skyrockets 9%, Here is The Next Target to Watch
XRP had seen a green week following a price increase of over 24%. Since yesterday, Ripple has surged by almost 9%. Key Support level: $0.70 Key Resistance levels: $0.96, $1 Ripple’s XRP continued higher during the weekend despite the lower volume and negative crypto sentiment. However, the XRP price has not yet managed to chart a higher high, and the key resistance at $0.96 remains the critical level to watch. In addition, the support at $0.70 has not been retested (and...
Read More »Crypto Price Analysis Feb-11: Ethereum, Ripple, Cardano, Solana and Shiba Inu
This week, we take a closer look at Ethereum, Ripple, Cardano, Solana, and Shiba Inu. Ethereum (ETH) ETH failed to push above $3,200 this week and fell back on the $3,000 support level yesterday, where the price is now consolidating. Despite this most recent pullback, the cryptocurrency had a stellar performance this week, with a 16% price increase in the past seven days. The big question is if ETH can hold above $3,000. If it manages to do so, then bulls might be in a...
Read More »Litecoin (LTC) Price Analysis: Bulls In Action Above $130
Litecoin price started a fresh increase above the $120 resistance against the US Dollar. LTC price is now trading above $130 and the 55 simple moving average (4-hours). There is a key bullish trend line forming with support near $130 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase). The pair could continue to rise if it stays above the $130 and $125 support levels. Litecoin price is gaining pace above $130 against the US Dollar, similar to bitcoin. LTC...
Read More »Ripple Price Analysis: Here’s the Next Target for Ripple After Breaking Above $0.7
Key Support levels: $0.70 Key Resistance level: $0.96, $1 Ripple’s XRP broke the critical resistance at $0.70 with significant volume yesterday, and the price rallied all the way to $0.91 (Bitstamp exchange). The previous resistance has now turned into support, and the next key levels to watch are at $0.96 and $1. After a sharp rally yesterday, XRP may consolidate or suffer from a temporary pullback in the next few days before testing the $1 level. Chart by...
Read More »Ripple’s XRP Shoots 20% after SEC’s ‘Fair Notice Defense’ Permission
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Read More »Ripple Price Analysis: Bulls Gain Strength Above $0.65
Ripple price started a fresh increase above the $0.60 zone against the US dollar. The price is now trading above $0.7000 and the 55 simple moving average (4-hours). There was a break above a key bearish trend line with resistance near $0.6680 on the 4-hours chart of the XRP/USD pair (data source from Bittrex). The pair could continue to move up if it clears the $0.7250 resistance level. Ripple price is trading in a bullish zone above $0.6000 against the US Dollar, like...
Read More »Ripple Price Analysis: XRP Rallies Above $0.65, But Massive Resistance Awaits
XRP managed to break above the key resistance at $0.65 on Friday, as the price has been consolidating above this level since then. The question is if $0.65 can be tested and confirmed as support so that XRP can continue even higher. Key Support levels: $0.65, $0.58 Key Resistance level: $0.70, $0.79 Ripple’s XRP had seen a green weekend so far, managing to hold above $0.65, which has now turned into support. There seems to be a break in momentum, indicating some indecision in...
Read More »Weekend Watch: Axie Infinity (AXS) Explodes 17%, Bitcoin Maintains $41K
After surging above $41,000, bitcoin has maintained its momentum and has remained above that level. The altcoins, which marked significant gains yesterday, have stalled now. Axie Infinity is among the few exceptions after a massive double-digit surge. Bitcoin Maintains $41K It was just a few days ago when the largest cryptocurrency struggled to remain above $37,000 and dipped below that level on a few occasions. The bulls attempted to push it north, which resulted in trading...
Read More »Crypto Markets Add $170 Billion in a Day as Bitcoin Explodes Above $41K (Weekend Watch)
After more than two weeks of trading below $40,000, bitcoin finally made a decisive move to reclaim that coveted level. The entire crypto market followed suit with massive daily price increases from Ethereum, Binance Coin, Cardano, Sollana, Polkadot, and many others. Bitcoin Surged $4K It was on January 20th and 21st when the primary cryptocurrency slumped below $40,000 for the first time in months. In the following few weeks, the asset failed to recover most of the losses...
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