XRP Price Weakens Again, Key Demand Area Tested After Steady Downmove
XRP price started a fresh decline below $2.150. The price is now attempting to recover and faces resistance near the $2.15 pivot level. XRP price started a fresh decline below the $2.10 zone. The price is now trading below $2.150 and the 100-hourly Simple Moving Average. There is a bearish trend line forming with resistance at $2.150 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could continue to move down if it settles below $2.020. XRP Price Faces Resistance XRP price attempted a recovery wave above $2.20 but failed to continue higher, like Bitcoin and....
Related News
The Bitcoin price continues its long steady decline. Last week we said: “Bitcoin price has continued experiencing downside pressure and as of this writing the price looks headed for a retest of the 200 area. Last week’s recap: If US$240 doesn’t hold, the US$220 area could provide minor support, but U$200 would more likely be an area to watch for bigger support. If it fails to hold, a retest of the lows (US$165-180) will certainly be the next area to watch […].” The price proceeded downward as we stated to reach US$210 before it rallied back up above minor support at US$220. As of this....
Ethereum declined heavily and it even tested the $2,000 support zone against the US Dollar. ETH price is attempting a recovery and it must clear $2,800 for a steady rise. Ethereum is down over 40% in a week and it even tested the $2,000 support zone. The price is now well below the $3,000 level […]
Dogecoin Price Key Highlights. Dogecoin price fell and traded close to our first sell target of 76.0 Satoshis as anticipated in yesterday's analysis. There was a buying interest noted around 71.0 Satoshis where sellers stepped back. The bearish pressure remains intact, as there are many hurdles formed on the upside for buyers. Our forecast of a move lower was right, as there was a downside reaction Intraday taking the price towards 71.0 Satoshis. What's next? Yesterday, the price broke a critical support area of 76.0 Satoshis, which was one of the main reasons we thought that the price....
Bitcoin is trading below key weekly demand levels, forming new lows as market uncertainty continues to dominate. The ongoing correction has led to increased speculation about US trade war fears and potential obstacles for Bitcoin’s adoption as a US reserve asset. These macroeconomic concerns have added pressure to an already fragile crypto market, causing investors […]
Our highlighted break for Litecoin price on the 30-min chart via the data feed from Bitfinex was true as the price continued to move down. The price even broke the $3.44 low and formed a new low of $3.42. Now, if we look at the hourly chart via the data feed from Bitfinex, then there is a contracting triangle pattern formed. However, one critical point to note is the fact that the price is now below the 100 hourly simple moving average. The price already tested the triangle support area on a couple of occasions, but buyers managed to prevent a downside break. There is a chance that sellers....