XRP Price Climbs to $1.60 — Downside Seen Limited by Strong Support
XRP price started a major increase above $1.50. The price is now consolidating gains and might aim for more gains above the $1.60 zone. XRP price started a steady upward move above the $1.50 zone. The price is now trading above $1.50 and the 100-hourly Simple Moving Average. There is a key bullish trend line forming with support at $1.5220 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could continue to move up if it settles above $1.580. XRP Price Extends Its Surge XRP price started a major upward move above $1.450 and $1.480, like Bitcoin and Ethereum. The....
Related News
On the 4-hour time frame of BTC/USD from Bitstamp, it can be seen that price is forming a huge reversal pattern and may be due for more losses. A head and shoulders formation has been completed, with bitcoin price testing the neckline of the pattern. Technical indicators on the same chart seem to favor a downside break, even as bitcoin price is currently consolidating above the neckline support. A break below the $235 level could mean a drop all the way down to $150, which would be roughly the same height as the pattern. Stochastic is on middle ground but is pointing lower, reflecting a....
Bitcoin price exploded through resistance at $10,000 and has flipped it into support that’s thus far held strong. The support level has proven just as unbreakable as it was on the way up, fending off three major negative news events in one week. But despite the lack of downside, there’s also been limited upside, taking […]
Ripple started a strong recovery wave above the $0.2500 and $0.3000 levels against the US Dollar. XRP price is currently facing a strong resistance, but dips might be limited below $0.2500. Ripple started a fresh upward move after forming a support base near $0.2150 against the US dollar. The price is now trading well above […]
Ethereum started a downside correction after trading to a new all-time high at $1,480 against the US Dollar. ETH price is currently approaching the $1,300 and $1,275 support levels. Ethereum started a fresh downside correction from the $1,480 resistance zone. The price is down around 10%, and it is trading close to the 100 hourly […]
Ethereum price registered solid gains versus the US Dollar yesterday and currently correcting lower to gain bids on the downside. Key Highlights. ETH price surged higher against the US Dollar and broke many important resistance levels on the way up. After trading as high as $12.50, the price corrected lower. Yesterday’s highlighted bullish trend line on the hourly chart (data feed via SimpleFX) of ETH/USD provided support during the downside and protected losses Ethereum Price Correction. Ethereum price ETH as mentioned climbed as high as $12.50 against the US Dollar where it found sellers....