Ripple Price (XRP) Rallies 5% While BTC And ETH Decline

Ripple price is gaining bullish momentum above the $0.2600 resistance area against the US dollar. The price is up around 5% and it recently broke the $0.2650 resistance area. There is a connecting bullish trend line forming with support near $0.2550 on the hourly chart of the XRP/USD pair (data source from Kraken). The price remains supported on dips and it could continue to rise towards the $0.2720 resistance. Ripple price is rallying towards $0.2720 against the US Dollar, while bitcoin and Ethereum are sliding. XRP price might continue to…

Ethereum (ETH) Price Approaching $160 While Bitcoin Settles Below $8K

ETH price is declining and it recently broke the $172 and $170 support levels against the US Dollar. The price is trading in a bearish zone and it could slide further towards the $160 support. There is a major bearish trend line forming with resistance near $174 on the hourly chart of ETH/USD (data feed via Kraken). The pair might correct a few points higher, but upsides might be capped near $172 and $175. Ethereum price is showing bearish signs versus the US Dollar, while bitcoin is declining. ETH price…

Bitcoin, Altcoin Prices Slip Downward While XRP Stays Stable

Sunday, Oct. 6 — Cryptocurrency markets are slipping downward today, with Bitcoin (BTC) trading under $8,000 and altcoins seeing notable losses on the day. Market visualization courtesy of Coin360 After slipping below the $8,000 price point, Bitcoin has continued to slide down and is now trading at $7,824.37, down 3.22% on the day. Bitcoin 7-day price chart. Source: Coin360 The largest altcoin by market capitalization, Ether (ETH), is seeing similar losses, down 3.13% on the day to trade at $169.83.  Yesterday, digital-collectibles marketplace OpenSea said that a hacker who stole…

South Korea Is Hoping for Regulatory Clarity as Crypto Laws Toughen

South Korean regulators seems to strongly favor blockchain over cryptocurrencies, and some recent events have further proven this hypothesis. As a result, as much as 97% of local digital assets exchanges are in danger of extinction, local reports suggest.  Meanwhile, local politicians and regulators have started lobbying a new set of regulations, which could finally bring some clarity into this complex but crucial cryptocurrency market. So, how likely are they to succeed, and what are the main obstacles? With the opening of Korean headquarters in Seoul, Cointelegraph looks deeper into…

Ethereum Price Weekly Forecast: ETH Approaching Next Crucial Break

ETH price started trading in a range after it failed to surpass the $185 resistance against the US Dollar. The price is currently trading below the key $180 and $185 resistance levels. There is a key contracting triangle forming with resistance near $180 on the 4-hours chart of ETH/USD (data feed via Kraken). The pair is likely to make the next crucial move either above $180 or towards the $160 support. Ethereum price is setting up for the next crucial break against the US Dollar and bitcoin. ETH may soon…

Bitcoin (BTC) Price Weekly Forecast: Bears Remain In Full Control

There was a steady decline in bitcoin below the $8,500 support against the US Dollar. The price is following a bearish path and it is facing many hurdles near $8,200 and $8,500. There is a key declining channel forming with resistance near $8,200 on the 4-hours chart of the BTC/USD pair (data feed from Kraken). The price could extend its decline towards the $7,850 support area before it could start a recovery. Bitcoin price is declining and is trading in a bearish zone below $8,500 against the US Dollar. BTC…