Key Highlights Ripple price fell heavily and broke the $0.3200 and $0.3000 support levels against the US dollar. There is a major bearish trend line in place with resistance at $0.3200 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair remains in a major downtrend and recoveries remain capped near…
After being unable to stabilize above the important psychological price level of $4,000, Bitcoin has continued to sell-off and is now approaching its 2018 lows. Bitcoin’s latest leg down has led to a widespread market drop that has seen many altcoins drop 3% or more over a 24-hour trading period. At the time of writing,…
Key Highlights Ripple price declined and revisited the $0.3380 support area against the US dollar. Yesterday’s highlighted important bearish trend line is in place with resistance at $0.3500 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair must stay above the $0.3380 and $0.3360 support levels to bounce back in…
Key Highlights Ripple price failed to recover above the $0.3600 resistance level and declined against the US dollar. There is a major bearish trend line formed with resistance at $0.3550 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair is currently at a risk of a downside break below the…
Following a weekend of choppy trading action, the cryptocurrency markets have established a fresh leg down, erasing most of their gains incurred through the recent relief rally that sent the markets up 10% or more from their recently established 2018 lows. At the time of writing, Bitcoin is trading down 7% at its current price of…
After a couple days of upwards trading, the cryptocurrency markets have continued to sell-off, led by Bitcoin, but are still sitting above their recently established lows. Today’s drop could be the result of traders taking profits on short-term long positions, according to one research firm. At the time of writing, Bitcoin is trading down 6.5% at…
The cryptocurrency markets have rallied, halting their persisting downturn and possibly establishing their recent lows as a bottom. Despite this, a bottom will only be validated contingent upon whether or not the markets, and Bitcoin in particular, can sustain their current rally long-term. At the time of writing, Bitcoin is trading up 13% at its current…
Key Highlights Ripple price formed a decent support near $0.3380 and recovered recently against the US dollar. This week’s important bearish trend line was breached with resistance at $0.3550 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair is now trading with a positive bias and it could trade towards…
The cryptocurrency markets have held steady today and have given investors a welcome reprieve from what seems like a constant downturn, with the overall markets trading sideways after experiencing nearly two weeks of consistent price plunges. At the time of writing, Bitcoin is trading down 1.1% at its current price of $3,730, trading choppily over…
Key Highlights Ripple price fell sharply, traded below the $0.3500 support area, and later recovered against the US dollar. There is a major bearish trend line in place with resistance at $0.3750 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair is likely to struggle to clear the $0.3900 and…