Ripple (XRP)

Litecoin price failed to continue above the $150 resistance zone against the US Dollar. LTC price is now trading below $140 and the 55 simple moving average (4-hours). There was a break below a key bullish trend line with support near $136 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase). The pair could continue to move down if it breaks the $132 and $130 support levels in the near term. Litecoin price is slowly gaining pace below $140 against the US...

XRP/USD – XRP Remains Inside June Falling Price Channel. Key Support Levels: $0.6, $0.556, $0.5.Key Resistance Levels: $0.7, $0.72, $0.781. XRP is down 5% this week as it struggles to break the 20-day MA near $0.7. It is also trading inside a falling price channel that was established at the beginning of June. Each time XRP attempted to break the price channel, the upper boundary rejected it. The volume remains low for XRP, and an increase in the volume would be required to...

XRP/USD – XRP Falls Short At 20-day MA Key Support Levels: $0.6, $0.556, $0.5.Key Resistance Levels: $0.7, $0.72, $0.781. XRP has been trading inside a falling price channel since the start of June. However, the cryptocurrency bounced from the lower boundary of this price channel at the end of the month and hit $0.7 at the start of July. Unfortunately, XRP has been unable to close a daily candle above $0.7 in July. Alongside the resistance provided by the upper boundary of...

Following the positive weekend in terms of trading action, bitcoin has retraced by a few thousand dollars to just above $34,000. Most altcoins have also failed to continue upwards as ETH has dipped below $2,300, and BNB is close to breaking beneath $300. Bitcoin’s Trading Volume Drops as BTC Retraces Bitcoin proved most assumptions wrong in the past few days. There were concerns that history is to repeat itself and the asset could lose traction during the weekend as it did in...

Ripple price started an upside correction above the $0.6500 resistance against the US dollar. The price is now trading nicely above $0.6500 and the 55 simple moving average (4-hours). There is a key bullish trend line forming with support near $0.6700 on the 4-hours chart of the XRP/USD pair (data source from Bittrex). The pair could start a major increase if it stays above the main $0.6500 support zone. Ripple price is slowly recovering above $0.6500 against the US...

Bitcoin’s weekend struggles seem to be nowhere near as the cryptocurrency initiated another leg up and reclaimed $35,000. Most of the altcoins have charted gains as well, with Ethereum jumping above $2,300 for the first time since mid-June. Bitcoin Reconquers $35K After the volatile week in which BTC reached a multi-day high of $36,600 and then retraced to below $33,000, all eyes were on the weekend as recent history showed that the asset tends to head south when the workweek...

Although most previous weekends started with adverse price movements for bitcoin, this time, BTC added more than a grand and reclaimed $34,000. Most altcoins have also reclaimed some ground since yesterday, with Cardano (ADA) rising 7% after news from Grayscale. Bitcoin Tops $34K CryptoPotato reported previously that the primary cryptocurrency tends to head south at the start of the weekends. Consequently, there were concerns about similar developments this time as well. So...

Unfortunately, we had another week of particularly choppy price action where most of the cryptocurrencies are trading in the red. Ethereum is an exception with a rather insignificant gain over the past seven days. Bitcoin Bitcoin is down a total of 4.7% over the past week as it breaks back beneath $33,000. The cryptocurrency started the week looking promising after double bottoming around $31,600. From there, it started to surge higher as it formed a short-term rising price...

SBI’s report also mentioned NFTs as a use case for the art community, pointing out Beeple’s $69 million record-breaking auction sale in March.SBI (Strategic Business Innovator Group) Holdings (TSE: 8473), has expressed great optimism in the NFT sector as an opportunity for XRP Ledger (XRPL). Notably, SBI, a Japanese financial conglomerate – the largest external investor (8.76%) in Ripple Labs – released a report on this opinion Tuesday.Entitled “Current Management Information Briefing”, the...

Litecoin price started an upside correction above the $120 zone against the US Dollar. LTC price is now well above the $130 level and the 55 simple moving average (4-hours). There was a break above a crucial bearish trend lien with resistance near $128 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase). The pair must clear $145 and $150 to start a fresh rally in the near term. Litecoin price is slowly gaining pace above $130 against the US Dollar, unlike...