XRP price soars 50% in one week to new yearly high — Watch these levels next

XRP price soars 50% in one week to new yearly high — Watch these levels next

XRP price has been the best performer thus far this weekend gaining over 50% in the past week. Bitcoin (BTC) has been taking the spotlight in recent months, but altcoins have started to finally follow the number one cryptocurrency. Several large caps have been making double digits runs in the previous days, resulting in a mini altseason.Not only has Ether (ETH) soared above $500, but Litecoin (LTC) also gained 40% in the previous week. However, XRP (XRP) is currently taking the spotlight with a daily rally of more than 20% and a new yearly high after gaining more than 50% in the past week.....


Related News

Bitcoin Price Watch; This Week’s Key Levels

Here's a look at what we are focusing on in the bitcoin price this morning. So at the end of last week, our primary focus was the volatility that we had seen in the bitcoin price across the previous few days. Basically, last week started out relatively flat, but then over the middle of the week, price took a dive, and closed out trading somewhere in the region of the high 900’s. We weren’t sure whether price which remain there, and that the level would hold out as support, but we set up some levels heading into the weekend anyway, and crossed our fingers. As it turns out, price did dip a....

Can Bitcoin price conquer $16,000 as 'extreme greed' grips market?

Bitcoin price is undoubtedly in a bull market hitting $16,000 for the first time in years, but a correction may be in order as euphoria is setting in. Bitcoin (BTC) is still showing strength with multiple attempts to break through $16,000 on Nov. 12. A new yearly high was established throughout the day with BTC price peaking at $16,150. This yearly high is more than 300% higher than the yearly low in March at $3,800. This is impressive momentum, particularly as the life is being drained from altcoins.Even Stan Druckenmiller acknowledged this week that he bought Bitcoin, expecting BTC to....

Bitcoin Price Watch; Here’s What’s On For The Weekend

Here's a look at what we are focusing on in the bitcoin price this evening. So here goes, our final bitcoin price analysis of the week. It has been a pretty busy week, as we noted earlier today, and one that will likely end up influencing our trading for weeks to come. Why? Because action has been so volatile that it has carved out numerous key levels, and we can use these key levels to carry forward into our trading throughout the remainder of January. Exactly which of them will become effective remains to be seen, but no doubt some of them will, and when they do, we will be ready to take....

Bitcoin Price Watch; Here Are Tonight’s Key Levels

Here's a look at what we are focusing on in the bitcoin price this evening OK then. Here goes. Our final look at the bitcoin price for the day, and the penultimate day of the week. It’s not been an overly exciting week by any stretch of the imagination, but we’ve had plenty of opportunities to get in and out of the markets and drawn a few –albeit small – profits from the action we’ve seen, so we can’t really complain. With any luck we’ll get a big close out, and finish the week on a high. We’re not going to witter on about today’s action like we normally do here, as there’s not that much....

Bitcoin Price Soars! More to Come?

Late last night, we published the second of our twice-daily Bitcoin price watch pieces. In the article, we highlighted the fact that a symmetrical triangle was forming in the Bitcoin price, and that action had confined itself within this triangle for the past couple of days. We also noted that-in combination with our standard breakout strategy-we would use this triangle to help us get in and out of the markets overnight. Action has now matured throughout the Asian session, and as we head into today's European afternoon, what are the levels to watch, and where will we define our risk and....