XRP Price Fights Resistance—Breakout or Breakdown on Deck?
XRP price started a fresh decline below $2.080. The price is now struggling and faces resistance near the $2.040 resistance level. XRP price started a fresh decline below the $2.050 zone. The price is now trading below $2.050 and the 100-hourly Simple Moving Average. There is a bearish trend line forming with resistance at $2.040 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could continue to move down if it settles below $2.00. XRP Price Struggles Near Resistance XRP price attempted a recovery wave above $2.150 but failed to continue higher, like Bitcoin and....
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Bitcoin price could be due for a triangle breakout this week as there are top-tier catalysts on deck. Bitcoin Price Key Highlights. Bitcoin price is still stuck inside its symmetrical triangle consolidation pattern on the 4-hour time frame. Price is hovering close to the support around $450 for now, still deciding whether to make a bounce or break. A bounce could lead to a test of resistance at $455 while a breakdown could trigger a longer-term downtrend for bitcoin. Technical Indicators Signals. The 100 SMA is above the 200 SMA on the 4-hour time frame so a bounce seems more likely.....
Last Week we concluded with the following: We are turning short term Bullish here and are looking for prices to rise back to the vicinity of the breakdown level of US$250. When we get there, the most likely outcome would be more downside and if this downside has a quick reversal above US$200 we might be able to finally call the low. “Bitcoin does not need a Wall Street operated exchange, it just needs people to realize what Governments are doing to them economically, EU citizens are on deck.”
The XRP price has appreciated over the last 24 hours as market movers also witnessed the same price movement. The coin gained 1.6% in that time frame. It is, however, still safe to say that the asset is consolidating. In the past week, the XRP price has barely shown any movement, confirming sideways trading. The technical outlook for XRP shows that buyers are losing control of the market as selling strength continues to mount at press time. XRP has to move past its immediate resistance line, and then only then will buyers regain strength. The coin has also formed a symmetrical triangle....
Everyone is waiting for the next big breakout or breakdown before allocating again. Compressed historical volatility tells us that it’s right around the corner.
Bitcoin price is stuck in consolidation as a potential breakout looms with top-tier catalysts on deck. Bitcoin Price Key Highlights. Bitcoin price is still treading sideways as traders wait for more market clues after the recent selloff. Price seems to be trending slightly higher on the short-term time frames, hinting that bulls are intent to keep losses in check. Technical indicators on the 15-min chart also suggest that further gains are possible. Technical Indicators Signals. The 100 SMA crossed above the longer-term 200 SMA on the 15-minute time frame, indicating short-term upside....