Today, bitcoin is trading for roughly $11,700. This is slightly above where it was just 24 hours ago, but the big question that’s likely on the mind of virtually every crypto trader out there is, “When is $12K going to show up again?”Is Bitcoin Planning to Move Up Anytime Soon?Not too long ago, the world’s number one cryptocurrency by market cap rose all the way to $12,400 in what was easily the biggest spike the asset had seen in well over a year. However, the surge didn’t last long, which...
Read More »Is China Beating the U.S. When It Comes to Crypto Mining?
According to a new op-ed by Chris Larsen – the co-founder and executive chair of Ripple – the United States is losing the tech war against China and other nations.Chris Larsen: China Holds a Strong PositionRipple is presently the fourth-largest cryptocurrency by market cap after bitcoin, Ethereum and Tether. According to Larsen, nations such as China are way ahead when it comes to cryptocurrencies and are potentially putting lots of money into ensuring miners have everything they need to stay...
Read More »Ripple Price Analysis: Bulls Facing Uphill Task Near $0.295
Ripple price declined steadily, but it is holding the $0.2740 support zone against the US dollar.The price is currently attempting a decent recovery above the $0.2800 resistance zone.There was a break above a major bearish trend line with resistance near $0.2860 on the 4-hours chart of the XRP/USD pair (data source from Bittrex).The pair is facing an uphill task near the $0.2950 resistance and the 55 simple moving average (4-hours).Ripple price is slowly moving higher above $0.2800 against...
Read More »Ripple Price Analysis: Bullish Break Above $0.31 Seems Likely
Ripple price is trading nicely above the $0.2900 support zone against the US dollar.The price is currently consolidating below the $0.3080 and $0.3100 resistance levels.There was a break above a major declining channel with resistance near $0.2965 on the 4-hours chart of the XRP/USD pair (data source from Bittrex).The pair is likely to resume its upward move once it clears the $0.3080 and $0.3100 resistance levels.Ripple price is trading in a positive zone above $0.2900 against the US Dollar....
Read More »Ripple Price Analysis: Rally Could Resume If It Clears $0.30
Ripple price started a downside correction from the $0.3250 resistance zone against the US dollar.The price corrected lower, but it is holding the main $0.2800 support zone.There is a key declining channel forming with resistance near $0.2990 on the 4-hours chart of the XRP/USD pair (data source from Bittrex).The pair is likely to resume its upward move once it clears the $0.3000 and $0.3020 resistance levels.Ripple price is trading in a positive zone above $0.2800 against the US Dollar. XRP...
Read More »Ripple Price Analysis: Rally Could Gather Pace Again Above $0.30
Ripple price rallied significantly above the $0.3000 and $0.3100 levels against the US dollar.The price corrected lower sharply from $0.3260, but the bulls defended $0.2720.There are two key bullish trend lines forming with support near $0.2850 and $0.2785 on the 4-hours chart of the XRP/USD pair (data source from Bittrex).The pair is likely to resume its upward move once it clears the $0.2980 and $0.3000 resistance levels.Ripple price is trading in a strong uptrend above $0.2720 and $0.2800...
Read More »Ripple Price Analysis: Resistance Turned Support at $0.21
Ripple price rallied recently after a successful close above $0.2000 against the US dollar.The price tested the $0.2250 resistance zone and recently corrected lower.There is a crucial bullish trend line forming with support near $0.2140 on the 4-hours chart of the XRP/USD pair (data source from Bittrex).The pair is likely to resume its upward move as long as it is above $0.2140 and $0.2120.Ripple price is trading in a nice uptrend above $0.2000 and $0.2120 against the US Dollar. XRP price...
Read More »Steve Wozniak Sues YouTube Over Alleged BTC Scam
Steve Wozniak – the co-founder of Apple Computers – has filed a suit against popular video-streaming website YouTube for allowing bitcoin scammers to use his likeness in their fraudulent advertising.Steve Wozniak Takes Legal ActionThus far, the scam in question is believed to have garnered millions of dollars from users all around the world. While Wozniak is at the center of the lawsuit, the case is a class-action suit that also involves as many as 17 additional victims of the scam who claim...
Read More »Ripple Price Analysis: Bulls Aim Bullish Break Above $0.20
Ripple price is consolidating above the $0.1920 support zone against the US dollar.The price is currently facing resistance near the $0.2000 and $0.2020 levels.There is a crucial breakout pattern forming with resistance near $0.2005 on the 4-hours chart of the XRP/USD pair (data source from Bittrex).The pair is showing signs of an upside break as long as it is above the $0.1920 level.Ripple price is stuck in a contracting range below $0.2000 against the US Dollar. XRP price must stay above...
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...
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