XRP Price Struggles to Keep Pace: What’s Holding It Back?
XRP price struggled to continue higher above the $2.75 zone and dipped. The price is showing a few bearish signs below the $2.60 level. XRP price started a strong upward move above the $2.50 level. The price is now trading below $2.60 and the 100-hourly Simple Moving Average. There is a connecting bearish trend line forming with resistance at $2.60 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair might start a fresh increase if it clears the $2.60 resistance zone. XRP Price Recovery Could Soon Fade XRP price started a recovery wave above the $2.00 support zone,....
Related News
Coinbase co-founder Fred Ehrsam recently appeared on the 1776 Podcast, where he was asked about the adoption of Bitcoin in the United States and international markets. While there has been a lot of noise related to merchant acceptance and use cases in developing countries, the reality is there still aren’t as many people using Bitcoin today as some expected. Ehrsam noted that there probably aren’t that many Bitcoin users in the developing world, which is often touted as one of the technology’s major demographics. He then covered two of the current roadblocks to greater Bitcoin adoption:....
Bitcoin price is holding the $55,000 support zone against the US Dollar. BTC must clear the $57,000 resistance and the 100 hourly SMA to move into a positive zone. Bitcoin is somehow holding the $55,000 and $54,500 support levels. The price is now facing a strong resistance near $57,500 and the 100 hourly simple moving […]
Ethereum gained pace above the $1,300 level against the US Dollar, but it struggled near $1,375. ETH price is approaching a major support and it is likely to bounce back above $1,350. Ethereum faced a strong selling interest near $1,375 and corrected lower. The price is approaching the $1,300 support zone and the 100 hourly […]
The king of cryptocurrency, Bitcoin, has slumped below its price support following crucial development on EPA environmental issues and other factors. Bitcoin price is now at $38,832.74 as of this writing. Now, many bitcoin experts are worried that Bitcoin’s price could plummet further as it struggles to hold onto the $38,000 price level. Suggested Reading | What’s In A Name? Ethereum Domain Name Sales Climb 2,300% Profit-Taking Culprit For Bitcoin Slump More so, profit-taking may have some impact on why Bitcoin is straining to breach the $40,000 mark. Support at the $38,000....
Bitcoin price started a fresh increase from the $14,380 swing low against the US Dollar. BTC is back above the 100 hourly SMA, but it must surpass $15,600 for more upsides in the near term. Bitcoin started a strong upward move after trading as low as $14,380. The price climbed back above $15,200 and the […]