Ripple price declined heavily after it broke the $0.3000 support area against the US dollar. The price broke the $0.2920 and $0.2850 support levels, and traded close to $0.2800. Yesterday’s highlighted key bearish trend line is intact with resistance at $0.2980 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair…
ETH price failed to stay above the $158 and the $160 support levels against the US Dollar. Tether drama sparked a strong declined below the $155 and $150 support levels. Yesterday’s highlighted key bearish trend line is intact with resistance near $162 on the hourly chart of ETH/USD (data feed via Kraken). The pair is…
Ripple (XRP) recover after Apr-24 hammering Bitstamp reminds users of Ripple’s decentralization strategy Critics claim Ripple (XRP) is nothing more than an “airdrop” whose absence wouldn’t affect operations. However, XRP proves to be useful for speed, and after Cobalt, firms using xRapid will enjoy settlement times of one second. Price wise and XRP bulls are…
Bitcoin price corrected lower recently and traded below $5,500 and $5,480 against the US Dollar. The price traded close to the $5,370 level and it is currently trading with a bearish bias. There is a key bullish trend line formed with support at $5,405 on the hourly chart of the BTC/USD pair (data feed from…
The total crypto market cap is currently declining and broke the $170.0B support level. Binance coin (BNB) price is rebounding and it is currently up around 4% to $23.20. Litecoin (LTC) price broke the $76.00 and $75.00 support levels to move into a bearish zone. Bitcoin cash price is under a lot of pressure below…
Ripple price declined further below the $0.3040 and $0.3000 support levels against the US dollar. The price remained in a bearish zone below $0.3200 as discussed in yesterday’s analysis. There is a major bearish trend line in place with resistance at $0.3060 on the hourly chart of the XRP/USD pair (data source from Kraken). The…
ETH price extended losses and traded to a new weekly low near the $160 level against the US Dollar. The price is currently trading below the key resistance levels near $167 and $169. There is a major bearish trend line in place with resistance near $167 on the hourly chart of ETH/USD (data feed via…
Ethereum (ETH) prices drop 5.5 percent from $170 The development of Ethereum 2.0 will reinforce ETH Despite competition and the threats of Binance Chain, Ethereum will leverage on their first mover advantage as a time-tested platform and recover. Besides, the promise of Ethereum 2.0 and implementation of EIP 1234 means scarcity and ETH holders would…
ETH price struggled once again to gain strength above the $176 resistance against the US Dollar. The price declined sharply and broke the $172 and $170 support levels. There was a break below a major bullish trend line with support at $173 on the hourly chart of ETH/USD (data feed via Kraken). The pair could…
Tron (TRX) prices stable at 2.5 cents Critics claim Tron cannot scale and SUN side chains is a cover for that deficiency By default, Tron claims to be scalable with high throughput. However, critics are back arguing that the SUN Network is a cover for the network’s inability to scale and handle BitTorrent’s requirements. In…