Ripple (XRP)

Key Support level: $0.70 Key Resistance levels: $0.75, $0.96 This latest drop in XRP turned the indicators bearish. However, the key support at $0.70 has held well, and now the price appears to recover. It’s important to see how far it can go before facing resistance. Key levels to watch include $0.75 and $0.96. Chart by TradingViewTechnical Indicators Trading Volume: The volume during the last drop was high, but now buyers have come back in force, which pushed the price...

Attorney Joseph Hall, who previously worked at the US Securities and Exchange Commission, claimed there is a “pretty good chance” that the SEC “will lose all the merits” in the lawsuit against Ripple. The American went further, saying he does not quite understand why the watchdog decided to bring this case. The Never-Ending Battle The legal confrontation between the US Securities and Exchange Commission (SEC) and the blockchain company Ripple has been going on for more than a...

Key Support level: $0.70 Key Resistance levels: $0.96, $1 Despite high volatility and bears pushing the market in the red, XRP has managed to remains somewhat stable and continued to consolidate in the blue pennant (represented in blue on the below chart). Price remains in a key range between $0.70 as support and $0.96 as resistance. However, selling pressure is building up, and if XRP buyers can’t absorb it, then the cryptocurrency may fall to the critical support. Chart by...

The bears continue to put pressure on the crypto market as bitcoin dropped below $40,000 for the first time in two weeks. The altcoins are also deep in red once again, with Ethereum sliding beneath $2,800 and massive price drops from Solana, Avalanche, MATIC, and others. Bitcoin Struggles Around $40K It was just three days ago when the landscape around the largest cryptocurrency seemed significantly more bullish. The asset had recovered from its latest dips to $42,000 and...

Key Support level: $0.70 Key Resistance levels: $0.96, $1 XRP has been caught in a large range since a week ago between the key resistance at $0.96 and support at $0.70. After setting a local high at $0.91, the cryptocurrency has been consolidating without sufficient momentum to break away from this range. The current price action has formed a large pennant (represented in blue on the below chart), which is likely to resolve soon. Chart by TradingViewTechnical Indicators...

Litecoin failed to clear the $145 resistance and corrected lower against the US Dollar. LTC price is now trading below $132 and the 55 simple moving average (4-hours). There is a key bullish trend line forming with support near $125 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase). The pair could continue to rise if it stays above the $125 and $120 support levels. Litecoin price is struggling below $132 against the US Dollar, similar to bitcoin. LTC...

Ripple price started a fresh increase above the $0.80 zone against the US dollar. The price is now trading above $0.7500 and the 55 simple moving average (4-hours). There is a major contracting triangle forming with resistance near $0.8200 on the 4-hours chart of the XRP/USD pair (data source from Bittrex). The pair could continue to move up if it clears the $0.8200 resistance level. Ripple price is trading in a bullish zone above $0.7000 against the US Dollar, like...

XRP had seen a green week following a price increase of over 24%. Since yesterday, Ripple has surged by almost 9%. Key Support level: $0.70 Key Resistance levels: $0.96, $1 Ripple’s XRP continued higher during the weekend despite the lower volume and negative crypto sentiment. However, the XRP price has not yet managed to chart a higher high, and the key resistance at $0.96 remains the critical level to watch. In addition, the support at $0.70 has not been retested (and...

This week, we take a closer look at Ethereum, Ripple, Cardano, Solana, and Shiba Inu. Ethereum (ETH) ETH failed to push above $3,200 this week and fell back on the $3,000 support level yesterday, where the price is now consolidating. Despite this most recent pullback, the cryptocurrency had a stellar performance this week, with a 16% price increase in the past seven days. The big question is if ETH can hold above $3,000. If it manages to do so, then bulls might be in a...

Litecoin price started a fresh increase above the $120 resistance against the US Dollar. LTC price is now trading above $130 and the 55 simple moving average (4-hours). There is a key bullish trend line forming with support near $130 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase). The pair could continue to rise if it stays above the $130 and $125 support levels. Litecoin price is gaining pace above $130 against the US Dollar, similar to bitcoin. LTC...