XRP Price Rejected at Resistance—Are Bears Taking Control?
XRP price started a fresh decline from the $2.50 resistance zone. The price is now recovering and might face resistance near the $2.42 level. XRP price started a fresh decline after it failed to clear the $2.50 resistance zone. The price is now trading below $2.420 and the 100-hourly Simple Moving Average. There was a break below a connecting bullish trend line with support at $2.440 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair might extend losses if it breaks the $2.350 support zone. XRP Price Dips Again XRP price failed to continue higher above the $2.50....
Related News
Bitcoin’s price action has been rather lackluster as of late, with bulls and bears reaching an impasse following its surge up to the mid-$11,000 region. Each dip is met with significant buying pressure, while each push towards $11,600 is rapidly rejected by bears. This has created a consolidation channel between $11,300 and $11,600. Although neither […]
The bitcoin price has risen by $21 since our last price piece. The joy is spreading throughout the digital currency community, and enthusiasts are feeling the love. Some analysts seem to think that the fall of the Chinese yuan is responsible for this most recent rally. One source explains: “Bitcoin price staged a strong rally to break past the short-term channel top and aim for the longer-term resistance… Buyers are taking control of bitcoin price action… Moving averages are in line with the 4-hour bullish channel support at $610, adding to its strength as a floor. Bitcoin seems to have....
Bitcoin has seen some rocky price action as of late, with bulls and bears battling for control over the cryptocurrency’s mid-term outlook. So far, this has resulted in the cryptocurrency seeing some bearish momentum, with sellers taking general control over its trend. This may soon change, however, as buyers are in the process of pushing […]
Bitcoin price turned upon hitting the resistance at $460 as hinted by the bearish divergence. The oscillators fell from the overbought regions to indicate a return in bearish momentum. RSI is nearing the oversold area so profit-taking might happen but stochastic has a long way to go, which suggests that sellers could be in control for a long while. However, the 100 SMA is still above the longer-term 200 SMA so a bounce is still possible. Bitcoin price is still on top of the trend line drawn to connect the lows since late January this year so the uptrend could resume from here. Volatility....
Bitcoin has been taking hit after hit from bears who want to see the price of the digital asset crumble to its lowest point. This has led to struggles on the part of bitcoin to keep up its price. However, with so many events working against the crypto industry and a large number of investors pulling out of the market, the digital asset has had a hard time maintaining its price above its last cycle high. Bitcoin Falls Below $20,000 Bitcoin’s price has now fallen below $20,000 for the third time this year with so many hurdles in between. After struggling to maintain $22,000, the bears had....