XRP Price Continues Grinding Lower As Buyers Stay On Sidelines
XRP price extended losses and traded below $1.450. The price is now consolidating losses and faces hurdles near $1.4330 and $1.4460. XRP price started another decline and traded below the $1.440 zone. The price is now trading below $1.4350 and the 100-hourly Simple Moving Average. There is a bearish trend line forming with resistance at $1.4520 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could continue to move down if it stays below $1.450. XRP Price Extends Decline XRP price failed to stay above $1.4680 and extended its decline, like Bitcoin and Ethereum.....
Related News
Uniswap’s UNI token has been slowly grinding lower over the past few days, with buyers being unable to gain control over its short-term trend as the hype surrounding the token’s launch begins fading. That being said, UNI’s buyers are now moving to establish its recent lows as a long-term base of support, as it has […]
Bitcoin is clearly in a full-blown bull market, with each dip being aggressively absorbed by buyers as it continues grinding higher Unlike BTC rallies of the past, this latest one has mainly been a slow grind higher, which is a testament to the crypto’s maturation as an asset It has seen a few strong pullbacks throughout the course of this recent push higher, but it is important to note that buyers have quickly reversed all […]
Key Highlights. It looks like Dogecoin price may not be able to break an important resistance area of 40.0-41.0. The price remains at a risk of a break lower, as there is no increase in the buying sentiment lately. If there is no push above 41.0 Satoshis, we may witness a decline in the price towards 36.0 Satoshis. Dogecoin price continues to struggle as buyers are finding it hard to break a crucial resistance area of 40.0-41.0 Satoshis, which possess a threat of a move lower. Trend Line and Resistance Area. We highlighted in yesterday's post that there is a major resistance area near 41.0....
Price at the time this article was written is: US$238.38. Last week the article began with: “The Bitcoin price continues to be range bound. This appears to be looking like the top of that range. Last week the price was ~$225 USD as of this writing and now its at $238 USD. It has attempted a few times to get above $240 USD, which is proving to be major resistance. This is where the 50-day exponential moving average now lies. In the last few days price has tried to stay above this level and hasn’t been able to.” There has been quite a bit of good news lately (itBit fully regulated, Goldman....
Ethereum price grinded lower a bit against the US Dollar, and it looks like the ETH/USD pair may continue to struggle in the short term. Key Highlights. ETH price remained in a minor bearish trend versus the US Dollar, and moved down slowly. There is a small channel pattern formed on the hourly chart (data feed via SimpleFX) of ETH/USD, acting as a catalyst for the downside move. If there is a minor rise, then the 100 hourly simple moving average may act as a resistance. Ethereum Price Resistance. ETH price started a downside move after trading as high as $11.08 against the US Dollar.....