Tag Archives: xrpusd

Bitcoin continues its recovery attempts by touching $59,000, while most of the altcoins have remained stagnant since yesterday. Avalanche is once again the most significant gainer. AVAX charted a new all-time high (again) and is close to surpassing Dogecoin in terms of market cap. AVAX on a Roll Most altcoins plummeted in value in the past week or so and tried to bounce off yesterday. Ethereum, for example, went below $4,000 for the first time in over a month shortly after...

Following a few days of price nosedives, bitcoin finally bounced off and added more than $2,000 of value. Most altcoins are also well in the green, with Shiba Inu adding double-digit percentages and Avalanche registering a new ATH. Bitcoin Reclaims $58K The past several days didn’t go well for the primary cryptocurrency. Shortly after tapping $69,000 for its latest price peak, the asset headed straight down and lost $9,000 in days. This culminated in a drop to $60,000 on...

This week the market took a downturn which resulted in most cryptocurrencies suffering significant losses. We take a look at Ethereum, Cardano, Ripple, Binance Coin, and Solana. Ethereum Ethereum broke below the ascending wedge this week and corrected all the way to $3,958. Compared to last week, ETH registered a -11.3% correction and fell under $4,000 for the first time in November. The first sign that such a correction could take place was given by the daily MACD that did...

Key Support levels: $1; $0.96 Key Resistance level: $1.2 The market is thirsty for discounts, and XRP was not spared. After the drop from $1.2, the cryptocurrency found good support at $1. However, the bears do not seem satisfied, and they are attempting another push lower at the time of this writing. Should they be successful, the bulls have another line of defense at $0.96. Chart by TradingViewTechnical Indicators Trading Volume: The volume has remained considerable since...

Key Support levels: $1 Key Resistance level: $1.2 Unfortunately, the bulls were unable to sustain the XRP price above $1.2, and it was pushed lower towards the support level at $1 during today’s market downturn. For this reason, the previous support at $1.2 has turned into resistance. $1 remains a strong level, and it would be quite surprising to see the price close below it in the near term. Chart by TradingViewTechnical Indicators Trading Volume: Volume increased on this...

Following the past few days of enhanced volatility, bitcoin has calmed around $64,000. Most alternative coins have also remained untypically stagnant on a 24-hour scale, with the apparent exception of Avalanche, which went on a roll and registered a new ATH. Bitcoin’s Consolidation Rolls On Last week was going quite well for the primary cryptocurrency as it had recovered from its dip to $60,000 and went on to chart new records. It broke the October peak of $67,000 on Tuesday...

The bears continued to push bitcoin south in the past 24 hours, and the asset dropped to a weekly low of just over $62,000. Most altcoins are also in the red, with Litecoin losing the most value in a day. Bitcoin Saw a Weekly Low Just a few days ago, the primary cryptocurrency broke its previous ATH two times in a row, and the latest peak came at $69,000. As the community was anticipating another run up to $70,000, the entire landscape changed. Instead of going upwards,...

This week was very intense in terms of price action and we take a look at Ethereum, Ripple, Cardano, Binance Coin, and Polkadot. Ethereum Ethereum has set another all-time high this week at $4,868 and increased slightly. ETH is currently sitting on a clear uptrend and has formed a large bearish wedge which appears to end just above $5,000 (in blue). This is also the place where ETH has key resistance at $5,075. Therefore, the current rally may be stopped by the bears at that...

San Francisco-based blockchain company Ripple recently announced that it will launch a product that will allow financial services companies to offer their clients access to crypto trading. Ripple Liquidity Hub In an official blog post, the company noted that the new product, dubbed the “Ripple Liquidity Hub,” will grant enterprise clients access to digital assets from a wide range of providers, including market makers, exchanges, and over-the-counter (OTC) trading desks. The...

Key Support levels: $1.13; $1.06 Key Resistance level: $1.2; $1.4 As predicted in our last analysis, XRP rallied to $1.2 but was then quickly rejected by the bears and pushed lower to the support at $1.13. This shows that the bulls still do not have enough strength to sustain a rally. For now, the support level holds and may lead to another attempt from bulls to break above $1.2. If successful, this can push XRP higher towards $1.4. Chart by TradingViewTechnical Indicators...