XRP/USD – XRP Hits 50-day MA. Key Support Levels: $0.6, $0.556, $0.5.Key Resistance Levels: $0.69, $0.71, $0.77. XRP was trading inside a descending price channel since the start of June. However, the coin finally managed to break toward the upside last Thursday and hit the 20-day MA around $0.6 on Friday. Over the weekend, XRP battled with the 20-day MA but could not overcome it until today, when XRP surged 10%. The coin reached as high as $0.696 but found resistance at the...
Read More »Bitcoin Spikes to 18-Day High, Crypto Market Cap Nears $1.5 Trillion (Market Watch)
The bulls have resumed control over the market in the past few days and have pushed bitcoin to a near three-week high at almost $35,000. The alternative coins have also benefited from these developments, with ETH closing down to $2,200 and DOGE sitting at $0.20. Bitcoin Taps an 18-Day High Ever since bitcoin bottomed at $29,200 on July 20th, the cryptocurrency has been on a roll. It bounced off immediately and reclaimed $30,000 in just a few hours. Shortly after, more...
Read More »Ripple-backed Tranglo Working on Something to Stir Up Fintech and Payment Industry
Founded back in 2008, Tranglo has grown to an international payment processing company with 1,300 payout partners.Tranglo, Asia’s leading cross-border payment hub, has announced it has a new exciting feature in the pipeline that will transform the payment and the fintech industry. Through a Twitter post, Tranglo noted that the upcoming release will feature XRP. Furthermore, Ripple acquired a 40 percent stake in the company earlier this year.We're working on something exciting that is going to...
Read More »Crypto Price Analysis & Overview July 23rd: Bitcoin, Ethereum, Ripple, Cardano, & Polygon.
Bitcoin Bitcoin saw a slight 2.3% price hike this week as it trades near $32,500. The cryptocurrency saw a very interesting week in which it spiked lower and produced a daily candle beneath $30K. It quickly rebounded from there and broke back above 30K to reach the 20-day MA at around $32,700. In doing so, BTC is now above a long-term descending wedge that it has been trading inside since mid-May. The coin was trading inside a descending triangle pattern at the start of the...
Read More »Bitcoin Hit a Weekly High Around $33K: Crypto Markets Gained $230B in 3 Days (Market Watch)
After charting a $3,000 surge in a day, BTC continued slightly upwards again in the past 24 hours and reached a weekly high at approximately $33,000. Most alternative coins are in the green as well, with ETH nearing $2,100 and Polkadot registering a 7% increase. Bitcoin Touched $33K After the Monday crash in which the primary cryptocurrency dumped below $30,000, the bulls have kept complete control over the market. They firstly pushed the asset above that coveted level before...
Read More »Ripple Price Analysis: XRP Bulls Regroup to Retest $0.6, Recovery Inbound?
XRP/USD – XRP Breaks June Price Channel Key Support Levels: $0.556, $0.515, $0.5.Key Resistance Levels: $0.61, $0.7, $0.757. XRP fell as low as $0.515 this week during the BTC spike beneath $30K. It quickly rebounded from there to break above the 2018 high at $0.556 yesterday. Today, the price hike allowed XRP to break the upper angle of a descending price channel. The cryptocurrency has been trading inside this price channel since the start of June. It made numerous attempts...
Read More »Litecoin (LTC) Price Analysis: Chances of Steady Recovery Above $120
Litecoin price extended its decline below the $110 support zone against the US Dollar. LTC price is now trading below $120 and the 55 simple moving average (4-hours). There was a break above a crucial bearish trend line with resistance near $114 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase). The pair could start a decent increase above the $118 and $120 resistance levels in the near term. Litecoin price is attempting a recovery above $110 against the...
Read More »A Review of VDollar — The Global BTC Trading Platform
Platform Name: VDollarURL: https://www.vdollar.io/Company: VDollar Exchange LTDLocation: Colorado, USALicense: FinCEN Money Services Business (MSB)Offerings: Crypto Exchange, Crypto CFDs, Wallet ServiceSupported Cryptocurrencies: BTC, ETH, DOGE, XRP, LINK, BCH, ADA, DASH,LTC, EOS, SHIB, FIL, TRX, YFII etc. Overview VDollar Exchange LTD is registered in Colorado, USA, and has the registration of MSB. It is under the jurisdiction of the United States and has three...
Read More »Ripple Price Analysis: XRP Crashes Below 2019 Highs With a 6% Daily Loss
XRP/USD – XRP Rejected At Price Channel Upper Angle Key Support Levels: $0.5, $0.478, $0.331.Key Resistance Levels: $0.55, $0.62, $0.7. The 6% price fall today caused XRP to break beneath $0.55 (2019 highs). It has been trading inside a descending price channel since the start of June. Last week, the coin was rejected at the upper angle of this channel on numerous days. Today, XRP dropped below a short-term falling wedge established at the start of July. As a result, it can...
Read More »Ripple Price Analysis: Risk of a Larger Decline Below $0.50
Ripple price is slowly moving lower below the $0.6200 support zone against the US dollar. The price is now trading well below the $0.6000 resistance and the 55 simple moving average (4-hours). There is a major declining channel forming with resistance near $0.5900 on the 4-hours chart of the XRP/USD pair (data source from Bittrex). The pair could start a major increase if it clears the $0.6000 and $0.6200 resistance levels. Ripple price is struggling to recover above...
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