Ripple (XRP)

XRP is approaching a key support level after losing most of the gains from last week. Key Support levels: $0.75 Key Resistance level: $0.89, $1 XRP broke below the critical level at $0.89 on Tuesday when most of the crypto market took a downturn, as Bitcoin plunged below $50K. Now, the key level – $0.89 – has immediately turned into key resistance. On the other hand, the next support is lies at $0.75. As long the overall market sentiment remains bearish, XRP is likely to...

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Key Support levels: $0.89 Key Resistance level: $1 Buyers got excited to see the XRP rally, and there was a short-lived attempt to move the price above $1 last Thursday. However, a day later, the cryptocurrency dropped by 10% and is now back just above the support level at $0.89. This first attempt to move higher failed but shows that interest in XRP is coming back, and another attempt may be successful later on. Chart by TradingViewTechnical Indicators Trading Volume: The...

After a 24-hour hiatus below the coveted $50,000 mark, bitcoin has bounced off and reclaimed it. Most altcoins are also slightly in the green, while Cardano and Polkadot have stolen the show with impressive 8% gains on a daily scale. Bitcoin Reclaims $50K It was just several days ago – before Christmas – when the primary cryptocurrency struggled at $48,000 after unsuccessful attempts to overcome $50,000. The landscape changed at that point when the bulls initiated an...

Ripple price started a fresh increase above the $0.800 zone against the US dollar. The price is now trading above $0.90 and the 55 simple moving average (4-hours). There was a break below a key bullish trend line with support near $0.9320 on the 4-hours chart of the XRP/USD pair (data source from Bittrex). The pair could continue to move up if there is a clear break above the $0.950 resistance. Ripple price is gaining pace above $0.900 against the US Dollar, like...

After nearing $52,000 earlier this weekend, bitcoin has lost some ground but still stands around the coveted $50,000 mark. The altcoins are untypically calm, with ETH close to $4,000. In contrast, MATIC is up by more than 6% on a daily scale. Bitcoin Down to $50K Just days before Christmas, the primary cryptocurrency had dropped to $48,000 after failing to overcome $50,000. However, the bulls came to play at this point and pushed the asset north. In the following hours,...

[PRESS RELEASE – London, United Kingdom, 21st December 2021] Flare, the blockchain infrastructure pioneers bringing EVM compatible smart contracts to simple payment chains like XRP, Doge and others, has announced a new partnership with Fan Controlled Football (FCF) to power the league’s collectible NFTs & set the stage for a DAO voting platform which would create the first professional sports team controlled by a DAO on a blockchain. FCF will mint and issue the league’s...

Despite retracing after the latest two-week high by several hundred dollars, bitcoin has remained above $50,000. Most altcoins are also slightly in the red following yesterday’s gains, with a few exceptions, such as Bitcoin Cash ABC, which is up by 50%. Bitcoin Maintains $50K Following a few consecutive weeks of consistent price drops, bitcoin finally initiated an impressive leg up yesterday, in which it broke above $50,000. Moreover, the cryptocurrency kept going upwards in...

This week, we take a closer look at Ethereum, Ripple, Solana, Luna, and Avalanche. Ethereum (ETH) Ethereum has reclaimed the $4,000 level and appears ready to move higher towards the next key resistance at $4,400. The battle for the $4,000 level was intense, and it took almost a week until the buyer side prevailed. The price dropped to the former support at $3,700 several times, and the outlook on Monday was grim. But this quickly changed as the market turned back up. As...

Litecoin price is facing resistance near the $160 zone against the US Dollar. LTC price is now trading above $155 and the 55 simple moving average (4-hours). There is a major bearish trend line forming with resistance near $160 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase). The pair could start a fresh increase if it breaks the $160 resistance zone. Litecoin price is consolidating below $160 against the US Dollar, similar to bitcoin. LTC price could...