XRP Price Hits Target Of $0.5, But Can It Break This Key Resistance?
The XRP price has been swimming against the tide and continues to show strength against larger cryptocurrencies, such as Bitcoin and Ethereum. A potential settlement between the U.S. Securities and Exchange Commission (SEC) and Ripple might continue to prompt this cryptocurrency to the upside. Related Reading: Weekly Round-Up On Shiba Inu, Where Will Price Be Headed? At the time of writing, the XRP price trades at $0.52 with sideways movement in the last 24 hours and a 17% profit in the last week. As NewsBTC reported last week, the cryptocurrency broke out of a major downside trendline....
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While Bitcoin explodes past $17,000, Ethereum has seen only tempered momentum That being said, the crypto was able to break above a crucial resistance level today, and is trying to gain a footing above $470 This has led one analyst to expect significantly further upside in the near-term He believes that $480 is the next key level that ETH will target, with a break above here being vital for it to see a strong push […]
Here's what we are looking to trade in today's bitcoin price European morning session. Just as we did yesterday evening, we’re going to kick our bitcoin price analysis off this morning with a chart. The chart below shows the action seen in the bitcoin price throughout yesterday evening, and during the night. It’s a fifteen-minute candlestick chart, with the framework that we outlined in the second of yesterday’s analyses still overlaid. As the chart shows, shortly after we published our analysis, we got a break to the upside through in term resistance. The close that came after this break....
The price of Bitcoin has cut through another critical resistance range putting $100,000 in play, on-chain data suggests. The Bitcoin price (BTC) has surpassed the $21,000–$22,000 resistance range to rise above a new high of $23,000 on Dec. 17. Meanwhile, on-chain analyst Willy Woo now says $100,000 is a “ridiculously low” target.BTC/USD weekly chart (Bitstamp). Source: TradingviewThe $21,000 level was particularly important for Bitcoin to continue its rally in the near term. Exchange heatmaps showed stacked sell orders at around $21,000 to $21,500, which meant BTC price had to break....
Last week’s article stated: The price ran right up into that resistance area, reaching a high of ~US$295 before retreating to its current price of ~US$285. It should find near term support at US$280. As price has risen, a bullish crossover occurred between the 50 & 100 day EMA’s, which gives further support the bullish trend. Although to get really bullish, the 50 day EMA needs to be above the 100 day EMA, which needs to be above the 200 day. That’s a real bull trend in the making. “If price gets back above US$270 and takes out US$273, a run for the US$290-$300 area is the next target.....
Yesterday's action in the bitcoin price saw the BTCUSD spent the majority of the day ranging between in term support around 240 flat and resistance just ahead of 243. In our twice-daily bitcoin price technical analysis piece, we highlighted these as the levels to keep an eye on heading into the US afternoon, and suggest a break of either would offer up a medium-term bias and validate a target in the direction of the break. Now action has matured overnight, how did the bitcoin price respond to the levels we watching, and what should we be looking at as we head into Thursday's European....