Tag Archives: xrpusd

After a 24-hour hiatus below the coveted $50,000 mark, bitcoin has bounced off and reclaimed it. Most altcoins are also slightly in the green, while Cardano and Polkadot have stolen the show with impressive 8% gains on a daily scale. Bitcoin Reclaims $50K It was just several days ago – before Christmas – when the primary cryptocurrency struggled at $48,000 after unsuccessful attempts to overcome $50,000. The landscape changed at that point when the bulls initiated an...

After nearing $52,000 earlier this weekend, bitcoin has lost some ground but still stands around the coveted $50,000 mark. The altcoins are untypically calm, with ETH close to $4,000. In contrast, MATIC is up by more than 6% on a daily scale. Bitcoin Down to $50K Just days before Christmas, the primary cryptocurrency had dropped to $48,000 after failing to overcome $50,000. However, the bulls came to play at this point and pushed the asset north. In the following hours,...

Despite retracing after the latest two-week high by several hundred dollars, bitcoin has remained above $50,000. Most altcoins are also slightly in the red following yesterday’s gains, with a few exceptions, such as Bitcoin Cash ABC, which is up by 50%. Bitcoin Maintains $50K Following a few consecutive weeks of consistent price drops, bitcoin finally initiated an impressive leg up yesterday, in which it broke above $50,000. Moreover, the cryptocurrency kept going upwards in...

This week, we take a closer look at Ethereum, Ripple, Solana, Luna, and Avalanche. Ethereum (ETH) Ethereum has reclaimed the $4,000 level and appears ready to move higher towards the next key resistance at $4,400. The battle for the $4,000 level was intense, and it took almost a week until the buyer side prevailed. The price dropped to the former support at $3,700 several times, and the outlook on Monday was grim. But this quickly changed as the market turned back up. As...

Visa – the leading payment processing company – has completed the acquisition of CurrencyCloud for a whopping 700 million British pounds, worth around $925 million. In a press release from December 20th, the payment processing mogul Visa announced that it had completed the acquisition of CurrencyCloud. The latter is a platform that allows banks and fintech companies to provide foreign exchange solutions for cross-border payments. The acquisition is worth 700 million British...

Over the past few days, XRP has been consolidating inside a tight range, but finally, there are some early signs it is about to attempt a breakout of the range. Key Support levels: $0.75, $0.70 Key Resistance level: $0.89, $1 XRP’s price recently maintained its trading range between the support line at $0.75 and the resistance at $0.89. This has allowed the price action to settle and consolidate, giving buyers more confidence in a possible bullish reversal, following months...

Following another sub-$46,000 dip, bitcoin has bounced off and currently sits above $47,000. The altcoins are also slightly in the green, with Terra outperforming the rest after a substantial double-digit surge. LUNA Surpasses DOT The altcoins have suffered quite a lot since the start of December, and especially since the massive crash two weeks ago. Ethereum went from nearly $4,700 to $3,500 in a day, and even though it has recovered a lot of ground since then, it still...

Key Support levels: $0.75, $0.70 Key Resistance level: $0.89, $1 Despite the low volatility during the past week, XRP has achieved one important thing. It stopped the downtrend and managed to find good support on the $0.75 level. The key resistance at $0.89 continues to hold, but this may come to an end as there’s a bullish crossover potentially in the making. Chart by TradingViewTechnical Indicators Trading Volume: Volume continues to drop, and this may anticipate a major...

Key Support levels: $0.75, $0.70 Key Resistance level: $0.89, $1 The bulls managed to stop the downtrend, at least for now, but they are not yet strong enough to attempt a breakout. For this reason, XRP’s price is consolidating between the key support ($0.75) and resistance ($0.89). The first attempt to break above the key resistance last Thursday was rejected by bears, and the price continues to be stuck within a tight range. The longer XRP sits within this range, the more...

Yesterday’s inflation news from the US pushed bitcoin to $50,000 once more, but the asset failed and dropped by several thousand dollars. Most altcoins are also in the red on a daily scale, as ETH slid to $4,000. Bitcoin Rejected at $50K The past several days didn’t go all that well for the primary cryptocurrency. It tried to recover from last week’s massive crash and challenged the $50,000 mark on several occasions but to no avail. Its inability to break above had driven it...