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...
Read More »Bitcoin Dropped To $9,050 Following Stock Market Tumble: Friday Price Watch
Bitcoin and most altcoins have retraced slightly in the past 24 hours, after a few days of gains. Interestingly, similar price fallbacks are visible in the traditional stock markets, as the Dow Jones is down by 1.4%.Bitcoin’s False BreakoutAfter the unsuccessful attempt to conquer $9,500, Bitcoin hovered above the significant 50-MA level at $9,300. However, the primary cryptocurrency has since slipped below it as it went from $9,440 to its current position at $9,150 in a few hourly candles....
Read More »Ripple’s XRP 57,000 Times More Environmentally Friendly Than Bitcoin
Ripple Labs has said XRP is much more energy-efficient than Bitcoin as it was designed with sustainability in mind.Ripple Labs has indicated that XRP is 57,000 times more environmentally friendly than Bitcoin (BTC). The company said this in a recent blog post titled: “The Environmental Impact: Cryptocurrency Mining vs. Consensus”.It comes as XRP prices gained over 3% in the last 24 hours. At the time of filing this report, XRP price was at $0.206573 (+3.71%).In the report, Ripple considered...
Read More »Litecoin (LTC) Price Analysis: Fresh Rally To $50 Seems Likely
Litecoin price started a fresh increase from the $40.50 and $40.00 support levels against the US Dollar.LTC price is now trading nicely above the $44.00 level and the 55 simple moving average (4-hours).There was a break above a significant bearish trend line with resistance near $42.30 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase).The pair is currently consolidating near the $45.50 resistance and it could continue to rise.Litecoin price is rising again and trading above...
Read More »XRP Price Jumps 7% as Ripple Executive Confirms XRP Remittance Platform Live in Europe
Marcus Treacher says that Ripple is working hard to expand its On Demand Liquidity (ODL) platform to offer more corridors this year. XRP price is up.XRP price has shot up by over 7%. This is happening as a Ripple Labs executive has confirmed that an XRP remittance platform has gone live in Europe. Sources say that Ripple Vice-President of customer success Marcus Treacher revealed this XRP related news in a recent interview.In the interview, Marcus alluded to the fact that Ripple has shut down...
Read More »Ripple Price Analysis: XRP Pushes Above $0.20 as Bulls Chart Another 8% Daily Increase
XRP saw a serious 8.3% increase today as it returned to the $0.2 level.The latest price rise allowed XRP to climb above the 100-day EMA as it attempts to start a recovery.Against Bitcoin, XRP finally rebounded from 1900 SAT to climb toward 2160 SAT.Key Support & Resistance LevelsXRP/USD:Support: $0.196, $0.192, $0.175.Resistance: $0.21, $0.215, $0.225.XRP/BTC:Support: 2100 SAT, 2070 SAT, 2000 SAT.Resistance: 2200 SAT, 2250 SAT, 2360 SAT.XRP/USD: XRP Bulls Reclaim $0.2XRP started July off...
Read More »The Altcoins That Skyrocket Despite Bitcoin: Wednesday Price Watch
Numerous alternative coins are booming during the past 24 hours, while Bitcoin remains stable. Consequently, this has raised the question of whether or not the cryptocurrency market is entering another altcoin season.Altcoins PumpingThe majority of the market is well in the green today, with some impressive gains from altcoins. Yet, none has increased its value from the top 100 coins by market cap more than Dogecoin (DOGE).Its surge of over 50% means that DOGE is now trading at $0.0043 and 46...
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Ripple (XRP)
