Ripple (XRP) Rally Remains Attractive To The Bears If Price Surges To $0.31

Ripple found support near $0.2680 and recovered slightly against the US Dollar. XRP price could continue to rise, but the bears are likely to protect the $0.3100 resistance area. Ripple price is slowly correcting higher from the $0.2677 swing low against the US dollar. The price is back above the $0.2800 area, but it lacks bullish momentum. Yesterday’s two connecting bearish trend lines were breached with resistance near $0.2865 on the hourly chart of the XRP/USD pair (data source from Kraken). The price could recover towards the $0.3000, $0.3050 and…

Ethereum Smashes Key Resistance: Technicals Indicate Fresh Rally To $288

Ethereum remained well bid above the $240 support area against the US Dollar. ETH price started a fresh increase and it could soon revisit the $288-$289 resistance zone. Ethereum is recovering losses and it recently climbed above the $265 resistance against the US Dollar. The price is gaining pace and it could rise further above $270 and $275. Yesterday’s highlighted key bearish trend line was breached with resistance near $262 on the hourly chart of ETH/USD (data feed via Kraken). Bitcoin price is slowly recovering and it could test the…

Bitcoin Price Rally Over? Key $9.4K Support Zone Holds for Now

Bitcoin (BTC) price was unable to hold the psychological barrier of $10,000 and couldn’t break through the resistance of $10,400. This rejection caused a corrective move to $9,450, leaving a $400 CME gap behind. Following Bitcoin’s severe correction, many altcoins also retraced more than 10% over the weekend.  But does this mean the bullish momentum is over?  Crypto market daily performance. Source: Coin360 Rejection at $10.4K triggers a 10% selloff BTC USDT 1-day chart. Source: TradingView The price of Bitcoin couldn’t break through the resistance of $10,400 and therefore retraced…

Trump’s NASCAR Campaign Rally Precedes #Daytona500 Washout

Donald Trump’s appearance at the Daytona 500 yesterday was mired by the race’s postponement, due to rain. Fans blame Trump for pushing back the start of the race. The incident is representative of Trump’s presidency as a whole. Donald Trump has postponed the Daytona 500. Yes, the 45th President kicked off the NASCAR season in Daytona Beach, Florida yesterday. But while he served as grand marshal for the race, he turned the event into a glorified campaign rally. And now, fans blame him for effectively calling the race off, since…

Bitcoin Holding This Essential Level Will Lead to 20% Rally

Bitcoin has seen quite the turn of events over the weekend; the price of the leading cryptocurrency has whipsawed between $9,700 and $10,500, failing to establish a short-term trend due to an endless tug of war between buyers and sellers. While many analysts and investors have attributed this indecisive price action to a potential topping in the Bitcoin market, some are sure the asset is poised to continue even higher in the coming weeks, citing the fact the cryptocurrency maintained the $9,500 price point — a level that has been…

Ethereum Gearing For Another Lift-Off to $300: Rally Isn’t Over Yet

Ethereum started a downside correction from the $288 high against the US Dollar, similar to bitcoin. ETH price is now forming a strong support above $260 and it could climb higher again. ETH price is trading with a solid bullish sentiment above the $260 level against the US Dollar. The price corrected lower recently, but the bulls defended $260 and $255. There is a major contracting triangle forming with resistance near $274 on the 4-hours chart of ETH/USD (data feed via Kraken). The pair could surge again if it breaks…

Analysis That Predicted Ripple XRP’s $0.17 Bottom: 200% Rally is Coming

XRP has been on an absolute tear over the past 60 days. Since bottoming at $0.17 in the middle of December, the cryptocurrency, currently the third-largest by market capitalization/value, has surged by just under 100%, hitting $0.336 just minutes ago as the time of this article’s writing. Related Reading: This Bitcoin Metric Is Over 100% Higher in 2 Months, and It’s Critical for Bulls This move has caught many traders off guard; indeed, after the asset’s -50% performance in 2019, some cryptocurrency investors were sure the asset was on a…

The Highly Accurate Ethereum Golden Cross is Forming, Is a Major Rally Incoming?

Ethereum’s stellar performance of late has seen it gain 113% in the six weeks since the start of the year. This achievement reversed a six-month downtrend and helped to inject a sense of anticipation for the rest of 2020. Buying pressure from this looks to be forming a golden cross on the price charts. Which may well signal a further spike that could take the number two cryptocurrency on an extended bull run. Ethereum/USD daily chart with 50-day and 200-day moving averages. (Source: tradingview.com) Golden Cross Forming On the Ethereum…

Bitcoin Closing on Daily Golden Cross That Could Bring Boost to 2020 Price Rally

Bitcoin may see a move higher in coming weeks, courtesy of two major daily moving averages heading for a collision dubbed a golden cross. The cross occurs when a short-term moving average (MA) crosses above a longer-term one, typically the 50-day and 200-day MAs, hinting at strong upward momentum in an assets price. The last time such an instance occurred was back in April 2019, when the price of BTC rose 175 percent to create a yearly high of around $13,880 after a temporary pullback to $4,995, Bitstamp data shows.…

Despite Bitcoin’s Key Technical Correction, The 100 SMA Can Trigger A Fresh Rally

Bitcoin started a downside correction from the $10,500 area against the US Dollar. BTC declined below $10,200, but it is still holding the key 100 hourly SMA. Bitcoin price failed to climb above $10,500 and corrected lower against the US Dollar. There was a sharp dip below the $10,200 level before the bulls protected the 100 hourly SMA. There is a key contracting triangle forming with resistance near $10,290 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could either rally again above $10,300 or…