Tag: Analysis

Ripple Price Analysis: XRP at Potentially Key Turning Point

TradingBTC

Ripple price traded to a new weekly high at $0.3384 and later corrected lower against the US dollar. There was a break below a key bullish trend line with support at $0.3250 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair must trade above $0.3260 and the 100 hourly simple moving average to gain traction. Ripple price is showing a few bearish signs against the US Dollar and Bitcoin. XRP/USD must stay above $0.3170 to bounce back above $0.3260 and $0.3300 in the near term.…

Ethereum Price Analysis: ETH Stays Bullish Despite Constantinople Fork Delay

TradingBTC

ETH price trimmed most its recent gains and declined below the $121 support area against the US Dollar. There was a break below a connecting bullish trend line with support at $120 on the hourly chart of ETH/USD (data feed via Kraken). The pair still remains supported on the downside above the $113 and $114 levels. Ethereum price declined against the US Dollar and bitcoin after the Constantinople hard fork was postponed. However, ETH/USD could bounce back as long as it is above $113. Ethereum Price Analysis Yesterday, we saw…

Ripple Price Analysis: XRP Moon-sling Depend on Adoption Levels

TradingBTC

Ripple Price technically bullish Brad Garlinghouse confident of more bank “switch.” Transaction volumes low—averaging 26 million as XRP consolidate The CEO of Ripple the company is satisfied and expecting the total Bank tally to increase by year’s end. So far 200 banks use the network meaning Ripple controls two percent of SWIFT’s market share. Ripple Price Analysis Fundamentals The Ripple community might be over the top, excited about the progress. However, the truth of is, RippleNet—the underlying ledger that holds together xCurrent, xRapid and xVia—pales in comparison with SWIFT—a 40-year…

Crypto Market Gains Traction: EOS, Tron (TRX), Bitcoin Cash, ADA Price Analysis

TradingBTC

The total crypto market cap found support near $112.00B and recovered above $120.00B. EOS price is up more than 8% and it may extend gains above the $2.50 resistance. Bitcoin cash price is back above the $130 level and it could test the $135 and $138 resistances. Tron (TRX) price rallied close to 10% and cleared the $0.0250 resistance. Cardano (ADA) price found support above $0.0400 and recovered above $0.0430. EOS and Tron (TRX) are gaining bullish momentum as the crypto market recovers nicely. Bitcoin, BCH, Ethereum, and altcoins like…

Ripple Price Analysis: XRP Targets Fresh Weekly Highs Above $0.3500

TradingBTC

Ripple price found support above the $0.3100 level and recovered above $0.3300 against the US dollar. There was a break above a major bearish trend line with resistance at $0.3200 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could extend gains towards $0.3500 if there is a break above the $0.3360 resistance. Ripple price recovered nicely in the past few hours against the US Dollar and Bitcoin. XRP/USD may target the $0.3500 resistance if it breaks $0.3360 and $0.3400. Ripple Price Analysis Recently, we…

Ethereum Price Analysis: ETH Breaks Key Resistance As Sellers Lose Control

TradingBTC

ETH price rallied recently and recovered sharply above $121 and $126 against the US Dollar. Yesterday’s highlighted important bearish trend line was breached at $121 on the hourly chart of ETH/USD (data feed via Kraken). The pair tested the $130-132 resistance area and now it may correct a few points in the near term. Ethereum price jumped back above key pivot levels against the US Dollar and bitcoin. ETH/USD could continue to move higher towards $136 after a minor downside correction. Ethereum Price Analysis Yesterday, we saw a nasty decline…

Bitcoin, Ripple, Ethereum, Bitcoin Cash, EOS, Stellar, Litecoin, Tron, Bitcoin SV, Cardano: Price Analysis, Jan. 14

TradingBTC

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision. The market data is provided by the HitBTC exchange. After the two years of price-centric action in the cryptocurrency industry, 2019 might shift the focus towards the fundamentals. Until the community puts an emphasis on the foundational aspects of crypto, we believe that a sustained recovery is unlikely. The Winklevoss twins believe…

Bitcoin Price Analysis: BTC Exposed, ETF Hopes Dimming?

TradingBTC

Bitcoin Price slide, potential support at $3,400 or 78.6 percent Fibonacci level SEC may not approve Bitcoin ETF Reaction at $3,700 important for bulls In the short-term, sellers seem to be in charge and yesterday’s drop below our immediate support at $3,700 may lead to reductions towards $3,400. In the midst of this, we are net bullish because of buy pressures of week ending Dec 23. Bitcoin Price Analysis Events of the week ending Dec 23 and consequent follow through reinvigorated bulls. Regardless, the fact that prices reversed from the…

Ripple Price Analysis: XRP Find Support as Bears Slow Down

TradingBTC

Ripple price 3 cents from the primary support Exim bank set to adopt the xRapid system by the end of March 2019 Transaction volumes low but XRP is technically bullish Over and above everything, Sep 2018 rally guides our medium to long-term price projection. In the short-term, price drops below our support line at 30 cents could see XRP tumble below 25 cents invalidating our bullish stand. Before then, we recommend patience with an upbeat outlook. Ripple Price Analysis At current rates, XRP is down 11.6 percent from last week’s…

Crypto Market Update: Bitcoin Cash, Tron (TRX), ADA, IOTA Price Analysis

TradingBTC

The total crypto market cap declined heavily and broke the $115.00B support level. Bitcoin cash extended losses and traded below the $130 support level. Tron (TRX) started a downside move and traded below the $0.0250 support level. Cardano (ADA) is moving lower and it may soon test the $0.0400 support zone. IOTA (MIOTA) is down more than 7% and it recently broke the $0.3000 support. The crypto market is under a lot of selling pressure, dragging bitcoin (BTC) and Ethereum below key supports. Moreover, ripple, Litecoin (LTC), Tron (TRX), IOTA…