XRP Price Regains Traction as Whales Return and Volatility Rises
XRP price started a decent increase above $2.350. The price is now consolidating and might aim for more gains above the $2.50 level. XRP price stayed above $2.120 and started a recovery wave. The price is now trading above $2.35 and the 100-hourly Simple Moving Average. There was a break above a key contracting triangle with resistance at $2.33 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could continue to move up if it clears $2.50. XRP Price Starts Recovery XRP price started a recovery wave above $2.20 and $2.250, like Bitcoin and Ethereum. The price gained....
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Finally, it looks as though we are getting a return to the volatility we are used to in the bitcoin price. Over the last twenty four hours, action looks to have returned to the up-down momentum we have seen over the last month or so (with the exception of the last few days) and as a result, we are able to effectively bring our breakout strategy in to play. As we head into the European afternoon, where are we looking in the bitcoin price now, and how can we take advantage of the return to volatility in our quest to draw a profit from the bitcoin market this afternoon? Take a quick look at....
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The bitcoin options market looks to be predicting a pick up-in price volatility following the U.S. presidential election.
According to a number of different data points, bitcoin whales saw last week’s volatility and price declines as a chance to accumulate.
The Bitcoin price, which saw a 32% increase in value from May 20th to May 26, has slowed to a halt. On May 20th one Bitcoin was worth $444, and on May 26th one was worth $587. This volatility has not been uncommon in Bitcoin's history. Bitcoin has seen numerous rises and falls in value. Speculations have arisen about the cause of this increase. Volatility. [dropcap size="small"]Bitcoin has seen numerous rises and falls in value over short periods of time. The roller coaster value is often attributed to good or bad news. For example, the value drops when people believe that China will ban....