Tag Archives: xrpusd

Bitcoin continued with its decisive move upwards, and the latest leg up drove the asset to nearly $48,000. The alternative coins have performed even more impressively, with ETH topping $3,300 and ADA exploding by another 10%. Bitcoin’s Impressive Run A lot can change in the cryptocurrency markets in a month or even less sometimes. The primary cryptocurrency is a prime example as it had dumped to a low of $29,200 on July 20th. As the bearish sentiment was taking over, though,...

Bitcoin Bitcoin saw a strong 13.9% price hike this week as the cryptocurrency continues the bullish run that started in late July when it penetrated above the descending wedge consolidation pattern. Last Friday, BTC was trading beneath $42,000 but eventually surged higher above the resistance by the end of the day. By the weekend, BTC managed to hit the 200-day MA level at around $44,750. It continued to surge higher on Monday to hit $46,500. However, BTC stalled there and...

XRP/USD – XRP Slips Back Below $1 Key Support Levels: $0.932, $0.88, $0.8282.Key Resistance Levels: $1, $1.10, $1.21. Since breaking the bullish flag pattern at the start of August, XRP climbed above the 200-day MA and the 2020 highs of $0.8282 to hit the 100-day MA. The 100-day MA was finally breached yesterday after Ripple announced a partnership with GME Remittance. The partnership caused XRP to surge beyond the 100-day MA at $0.88, break $1, and reach as high as $1.10....

XRP/USD – XRP Breaks Bullish Flag And Pokes Above 2020 Highs Key Support Levels: $0.8, $0.78, $0.7.Key Resistance Levels: $9.8282, $0.89, $1. XRP formed a bullish flag last week after retracing from the 200-day MA resistance at the end of July. The breakout of this flag pattern occurred over the weekend, which allowed it to break above resistance at $0.781 (bearish .236 Fib), climb above the July high, and poke beyond the 2020 high at $0.8282. The 4-hour chart shows the...

The weekend continues with impressive gains for bitcoin as the asset spiked above another coveted price line by reclaiming $45,000. Most altcoins are also well in the green, led by a massive surge from Dogecoin of over 25% in a day. Bitcoin Breaks Above $45K The positive developments in terms of USD price continue in the cryptocurrency market. The largest asset, bitcoin, has been on a roll since mid-July when it dropped below $30,000. Since then, though, the bulls have kept...

The bitcoin bulls came to play once more and pushed the cryptocurrency to a new near three-month high of around $44,000. Most alternative coins have seen gains as well, with ETH closing down to $3,000. The total market cap added another $100 billion in a day. Bitcoin Touched $44K Ever since the middle of the week, bitcoin’s price has been on a roll for most of the time. It recovered thousands of dollars in days and reached $40,000 on Thursday. At the time, though, the bears...

Bitcoin Bitcoin surged 8% today as it reclaims $40K but is just up 2% on the week. Last Friday, Bitcoin was trading inside an ascending price channel as it breached the January 2021 high at $42,000 to reach as high as $42,400 over the weekend. From there, BTC rolled over and broke beneath the ascending price channel on Monday. It then traded downward inside a descending wedge formation – best seen on the 4-hour chart. This wedge saw the price of BTC being driven lower until...

Just a few days after filing a motion to receive access to “obtain international discovery” of records belonging to Binance, US Magistrate Judge Sarah Netburn has approved Ripple’s request. The documents should shed some light on the company’s XRP sales made on the exchange. Through its legal team, Brad Garlinghouse, the CEO of Ripple, filed a motion in the Southern District of New York on Monday (August 2nd) to request documents relevant to the ongoing legal case against the...

XRP/USD – XRP Forms Bullish Flag Pattern. Key Support Levels: $0.7, $0.658, $0.6.Key Resistance Levels: $0.72, $0.828, $0.9. XRP performed well in the final weeks of July as it surged inside an ascending price channel, allowing it to reach the 200-day MA at $0.78. Unfortunately, it has since been unable to overcome the 200-day MA in August and has since started to retrace to $0.7. The market has now formed a bullish flag pattern as the buyers attempt to defend the lower angle...

XRP/USD – XRP Struggles With 200-day MA Resistance Key Support Levels: $0.71, $0.667, $0.638.Key Resistance Levels: $0.781, $0.828, $0.89. This week’s 21.5% surge for XRP saw the coin climb above the 20-day MA around $0.6 to reach the current $0.74 level. It broke above a descending wedge formation over the past fortnight and started to surge inside an ascending price channel. The price channel allowed XRP to break the 50-day MA last week, but the coin is now struggling to...