Ripple (XRP) Poised For More Gains, Prices Rebound From Q1 Support

Ripple (XRP) is up 2.6 percent Footprints in the Middle East and Southeast Asia highlight Ripple’s advantages SWIFT is dominant, but Ripple’s progress is noticeable. Even though most of their partners use xCurrent, clarity in the future will ease their transition to xRapid. That will drive demand for XRP and therefore prices above the current 20 cents consolidation. Ripple Price Analysis Fundamentals Blockchain companies cannot flourish in isolation. It is even more challenging when the startup is ambitious. As per their statement, Ripple is one such company. Cementing its position…

The Case $7.5K Could Become Bitcoin’s New Price Support

Amidst a decline in the price of bitcoin, the world’s most valuable cryptocurrency could find support at $7,500 – that is if it follows past patterns on the charts. Bitcoin has faced selling pressure over the last few days, despite an impending golden crossover on the three-day chart – a bullish crossover of the 50- and 200-candle moving averages, as discussed last week. As of writing, the 50-candle moving average (MA) is on an upward trajectory and looks set to cross above the 200-candle MA in the next few days.…

Bitcoin Price (BTC) Breaks Key Support: $8,800 Bearish Target Could Be Real

Bitcoin price extended its declined and broke the key $10,800 support level against the US Dollar. The price even broke the last swing low and a major support area near the $10,500 level. There is a key bearish trend line forming with resistance near $10,650 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price remains in a strong target and it seems like the $8,880 bearish target seems real. Bitcoin price started a fresh decline below the $10,800 support against the US Dollar. BTC is…

Ethereum Price (ETH) Holding Crucial Support: Next Key Break Nearby

ETH price remained in a bearish zone after it settled below the $280 support against the US Dollar. The price declined heavily and recently tested the key support area near the $260 level. There is a crucial bearish trend line forming with resistance near $282 on the 4-hours chart of ETH/USD (data feed via Kraken). The pair is likely to recover as long as it is trading above the key $260 support area. Ethereum price is struggling to recover after a massive decline against the US Dollar and bitcoin. ETH…

Ethereum (ETH) Vulnerable, Prices Below A 3-Month Support Trend Line

Ethereum (ETH) is down 3.2 percent Omar Reyes, a candidate vying for a Congress seat in Florida, wants to issue an Ethereum token Props, an ERC-20 token, is compliant with a key regulation. As a result, investors can have a financial stake in the issuing company following SEC qualification. As of the time of writing, bears are in control after the July 11th’s breakout below the main support trend line. Ethereum Price Analysis Fundamentals Well, it appears as if blockchain is not immune from politics. The disruptive platform may have…

Bitcoin Price (BTC) Testing Crucial Support: Can The Bulls Stage Recovery?

Bitcoin price declined sharply below the $12,000 support area against the US Dollar. The price traded close to the $11,000 support and it is currently consolidating losses. There is a key bearish trend line forming with resistance near $11,400 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price could either recover above $11,400 or it might extend losses below the $11,000 support. Bitcoin price reached the key $11,000 support area against the US Dollar. BTC is currently consolidating and seems to be preparing for the…

BlockStream’s Green Wallet Announced Support for its LiquidNetword

Blockchain software development BlockStream announced that its mobile wallet, Green Wallet, now supports the firm’s Liquid Network sidechain in a blog post published on July 5. Per the announcement, users of the wallet can now store, send and receive Liquid Bitcoin (L-BTC) and Issued Assets on the Liquid sidechain. The Liquid Network project, first discussed in 2015 and launched in October 2018, aims to allow for faster transactions with Bitcoin (BTC) between businesses and individuals with the use of its features. Bitcoin transactions on to the sidechain, where it moves…

Electrum Will Support Bitcoin Lightning Network, Wallet’s Creator Reveals

Bitcoin (BTC) wallet Electrum will soon host support for the Lightning Network (LN), Russian cryptocurrency news outlet Forklog reported on Telegram July 5. In a social media update, the publication said founder Thomas Voegtlin had revealed the upcoming release at the ongoing BIP001 conference in Odessa, Ukraine.  Electrum, one of the oldest bitcoin wallets on the market since 2011, said LN functionality would come as part of an impending major upgrade. The most recent version of the wallet came earlier this week. Electrum will be one of the first major…

Bitcoin Price Tests $11,000 Support After Failing to Make Higher Highs

Bitcoin (BTC) was challenging $11,000 support July 5 after a slight downturn made it temporarily lose ground. Market visualization courtesy of Coin360 Data from Coin360 showed BTC/USD above $11,155 but still nursing 4.2% daily losses. The pair had climbed to over $12,000 on Wednesday, subsequently hovering at $11,700 before momentum waned. Friday’s low came in at $10,700.  The behavior continues a trend of volatility which has seen bitcoin fluctuate between $9,700 and $13,800 over the past ten days alone.  Keep track of top crypto markets in real-time here. Bitcoin 7-day…

Ripple Price (XRP) Testing Crucial Support Post Bitcoin’s Correction

Ripple price declined again after it failed to clear the $0.4070 resistance zone against the US dollar. The price is under a lot of pressure and it recently broke the $0.3950 support area. There is a key declining channel forming with resistance near $0.3920 on the hourly chart of the XRP/USD pair (data source from Kraken). The price could either break the $0.3840 support or bounce back above $0.3950 in the near term. Ripple price failed to continue higher above against the US Dollar after bitcoin declined from $12,000. XRP…