The cryptocurrency market volatility never went up as a lot of assets are still “stuck” within their respective sideways channel.Dmitriy Gurkovskiy, a senior analyst at foreign exchange broker RoboForex, provides his vision of the possible tendencies in price changes for Bitcoin as well as for other major cryptos.Of course, any serious movement will start only after the assets break these sideways ranges. However, one can already see the formation of signals in favor of further downtrends on...
Read More »Ripple Price Analysis: When Will XRP Break $0.2 And Join The Altcoin Party?
XRP has traded sideways today as it rises by a small 0.15% to reach $0.1985.The coin is currently battling to climb back above the $0.20 level.Against Bitcoin, XRP is starting to grind lower after reaching 2200 SAT last week.XRP/USD: XRP Bulls Defending 100-day EMAKey Support Levels: $0.192, $0.18, $0.175.Key Resistance Levels: $0.20, $0.21, $0.215.XRP managed to reach as high as the 200-days EMA last week, as the coin hit the $0.21 level. From there, XRP started to slowly grind lower over...
Read More »Chainlink Is Exploding in Price as of Late
It looks like Chainlink (LINK) is today’s big gainer. Despite mediocre activity amongst some of the leading cryptocurrency assets – i.e. bitcoin, Ethereum, Ripple, etc. – the asset has shot up by more than 1,000 percent since May of last year.Chainlink Is on a Serious RollMany of the primary cryptocurrencies within the space have been hit hard by the coronavirus-induced global market crash, which ultimately caused assets like bitcoin to temporarily lose as much as 70 percent of their values...
Read More »Crypto Fans in Japan Have Increased Their Stashes
People holding cryptocurrency in exchanges based in Japan apparently increased their holdings of bitcoin, Ethereum and Ripple over the past few months. BTC, ETH and XRP are the three largest cryptocurrencies in the industry by market cap.Japan Is Still a Major Crypto HubThe surge in holdings appears to stem from the spread of the coronavirus, which has led to the shuttering of the global economy and the ravaging of global financial tools. The virus first began to spread in late 2019, but by...
Read More »Ripple’s XRP Integration Boosts Shopping at Uquid Digital Shop
Uquid Digital said that XRP integration has encouraged more customers to confidently opt for international transactions. The recently launched online digital marketplace praised the XRP infrastructure for its instant transactions and scalability features.Uquid Digital, the online digital marketplace has gone out all praises for Ripple‘s XRP cryptocurrency. The company has said that the adoption of Ripple’s XRP token has made shopping more easier and convenient for its users.Uquid Digital also...
Read More »Ripple Price Analysis: Following 10% Weekly Gains, XRP Bulls Battling to Defend An Important Support
XRP surged by a strong 9.5% over the past week as the coin reclaims $0.20.The cryptocurrency is facing strong resistance at the 200-day EMA at around $0.21.Against Bitcoin, XRP has started to recover as it attempts to break the 2200 SAT resistance.XRP/USD: XRP Buyers Holding Above $0.2Key Support Levels: $0.192, $0.18, $0.175.Key Resistance Levels: $0.215, $0.225, $0.235.Last week, XRP bounced from the $0.175 (.5 Fib Retracement) support as it climbed above the 100-day EMA to break $0.2. It...
Read More »A Massive Expected Bitcoin Price Move Could End The Ongoing 2020 Alt-Season
Cryptocurrency markets have remained in consolidation over the weekend with little movement from the high cap coins. Total market capitalization has increased slightly to $274 billion, but in general, things have remained in consolidation.Bitcoin prices dipped to a weekend low of $9,150 (Bitstamp), but things had recovered slightly during Monday’s first hours of trading. At the time of writing, prices were nudging $9,240, but the overall outlook for BTC was still range-bound.Bitcoin Price...
Read More »Ripple Price Analysis: Uptrend Intact In XRP Above $0.19
Ripple price rallied above the $0.2000 resistance before correcting lower against the US dollar.The price is currently trading above the $0.1980 support and the 55 simple moving average (4-hours).There is a crucial breakout pattern forming with resistance near $0.2000 on the 4-hours chart of the XRP/USD pair (data source from Bittrex).The pair is showing signs of more gains above the $0.2000 and $0.2020 resistance levels.Ripple price is trading in a positive zone above $0.1980 and $0.1900...
Read More »Crypto Price Analysis & Overview July 10: Bitcoin, Ethereum, Ripple, Cardano,and Doge
BitcoinBitcoin saw a small 1% increase this week as it continued to trade sideways within the confines of a symmetrical triangle pattern. BTC has been trapped within this triangle since the start of June 2020, and a breakout will dictate the next direction.Looking ahead, if the buyers can rebound from the lower boundary of the triangle and push above the upper boundary, the first level of resistance will be located at $9,815. This is followed by additional resistance at $10,000, $10,226, and...
Read More »Bitcoin Volatility Makes Comeback as Gold Rallies
Bexplus provides BTC, ETH, LTC, EOS and XRP perpetual contracts for futures trading as well as 100x leverage. With its intuitive interface and demo account, beginners can learn to trade and improve their skills. As the crypto world anxiously waits for Bitcoin to make a move, whether upward or downward, the lackluster cryptocurrency finally broke the $9,400 resistance, a level it has not visited since June 24. This gives hope to bulls who believe Bitcoin could return to $10,500 or even...
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