Tag Archives: Ripple (XRP) Price

After marking a new yearly high of $16,500, BTC now seems to be retracing. The cryptocurrency dropped to as low as $15,750 and recovered to where it’s currently trading at $15,880. Most altcoins are following suit. The Correction Begins? There’s a saying for traders that goes – ‘what goes up, must come down.’ In other words, it’s completely typical and healthy market behavior for prices to correct. This gives buyers the opportunity to consolidate and continue accumulating....

Bitcoin Bitcoin saw another 4% price hike this week, which had it breaking above the $16,000 level to reach as high as $16,491 today. The coin has since dropped slightly to trade at $16,135 at the time of writing. Last week, the coin had surged into the $16,000 level, which caused it to roll over and drop into the $14,850 support last Saturday. Bitcoin managed to rebound higher from there as it started to climb on Sunday. The coin did not return to $16,000 until Wednesday,...

Bitcoin marches confidently towards new yearly highs while most alternative coins have failed in pursuit. Consequently, BTC’s dominance over the market has climbed above 65%. Red Dominates The Altcoins On a 24-hour scale, most alternative coins have either decreased in value or remained stagnant. Ethereum initiated a leg up towards $470, but the bears didn’t allow any further increases. In fact, they drove ETH’s price south, and the second-largest cryptocurrency struggles at...

XRP/USD – Coin Still Trapped In Consolidation Key Support Levels: $0.25, $0.245, $0.24.Key Resistance Levels: $0.261, $0.271, $0.28. XRP might be above the 100-days EMA this week, but it is still struggling to break the resistance at $0.261 (bearish .5 Fib Retracement). The coin has struggled to break this level since October and must push above to start the beginning of a bullish run higher. Additionally, the coin is also trapped within a symmetrical triangle pattern and is...

Bitcoin went on a wild ride yesterday when news of a COVID-19 vaccine broke out, but has calmed since then and currently trades at around $15,300. The leading alternative coins have also cooled down as Ethereum sits around $450 and Ripple at $0.25. Bitcoin Calms After Increased Volatility The primary cryptocurrency demonstrated high fluctuations in the past week. It topped at a new yearly high of about $16,000 on Friday but then nosedived a few days later to below $14,300....

XRP/USD – Bulls Failing to break $0.261 Resistance Key Support Levels: $0.25, $0.245, $235, $0.24.Key Resistance Levels: $0.261, $0.271, $0.28. Last Thursday, XRP managed to rebound from the support at a rising trend line as it pushed higher. On Friday, it penetrated above the resistance at the 100-days EMA to reach as high as $0.26 – where lies the resistance at a falling trend line. It failed to penetrate above this line over the weekend and it headed lower. It spiked as...

Bitcoin Bitcoin saw an extraordinary 15.3% price surge this week which allowed the cryptocurrency to scratch the $16,000 level today. It has since dropped slightly to $15,500 but is still very much bullish. BTC started the week at $13,200. From there it headed higher into the $13,800 resistance but stalled at the weekend. As the election started in the US, BTC started to surge. Initially, it found resistance at $14,190 but this was penetrated yesterday as Bitcoin surged all...

XRP/USD – Bulls Face Resistance At 100-days EMA Key Support Levels: $0.24, $235, $0.228.Key Resistance Levels: $0.251, $0.261, $0.271. XRP fell lower from resistance at a falling trend line toward the end of October. It initially found support at the 200-days EMA at $0.24 but broke beneath it in November. After that, XRP continued to drop into the support at $0.235 and held here over the past few days. The coin has since rebounded and it pushed higher today but is facing...

XRP/USD – Buyers Continue To Defend October Lows Key Support Levels: $0.235, $0.228, $0.22.Key Resistance Levels: $0.245, $0.251, $0.261. XRP fell beneath the symmetrical triangle pattern at the end of October and headed toward the 100-days EMA. It found support at the 200-days EMA but fell below it yesterday. Despite this, XRP remained supported at $0.228 (.618 Fib & October lows). A break beneath this level is likely to send XRP on a downward spiral toward  $0.20. On...

Bitcoin The Bitcoin price surge continued this week and it managed to increase by 4.5% to reach $13,60 at the time of this writing. The coin was trading slightly above $13,000 last Friday and moved sideways along this level over the weekend. On Tuesday, Bitcoin started to surge higher as broke resistance at $13,415, climbed above $13,500, and reached the resistance at $13,815 (1.272 Fib Extension). The bulls could not close a daily candle above this resistance, which led to...