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Tag Archives: Analysis

Ripple Price Analysis: XRP/USD Showing Positive Signs

Key Highlights Ripple price gained upside momentum as it managed to hold the $0.5000 support against the US dollar. There is an ascending channel forming with support at $0.5400 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair is likely to move higher above the $0.5800 and $0.5900 resistance levels […]

Ripple Price Analysis: XRP/USD Approaching Next Break

Key Highlights Ripple price declined recently and tested the $0.6350 support level against the US dollar. There is a major breakout pattern forming with resistance near $0.6550 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair may soon make the next move either above $0.6550 or below $0.6350 in the […]

Bitcoin Price Weekly Analysis: BTC/USD Could Accelerate Gains

Key Points Bitcoin price is trading with bullish moves above the $7,000 level against the US Dollar. There was a break above a major bearish trend line with resistance at $7,610 on the 4-hours chart of the BTC/USD pair (data feed from Kraken). The pair is now facing another important barrier near the $7,700 level […]

Cardano Price Analysis: ADA/USD Could Accelerate Declines

Key Highlights ADA price remains in a major downtrend below the $0.2000 and $0.2200 resistance levels against the US Dollar (tethered). There was a break below a major declining channel with support at $0.1820 on the hourly chart of the ADA/USD pair (data feed via Bittrex). The pair remains at a risk of more declines […]

Thomson Reuters Launches Real Time Rates for Six Cryptocurrencies

Thomson Reuters is launching a cryptocurrency real-time rates data feed. The new service is expected to provide “reliable, real-time information” for six digital coins across major crypto exchanges. The stated goal is to encourage efficiency and transparency for cryptocurrency investors within the global market place. Also read: Thomson Reuters and Marketpsych Launch Bitcoin Sentiment Index […]

Cryptocurrency Market Loses $50 Billion as South Korean Exchange Is Suspected of Fraud

The cryptocurrency market turned upside down on Friday, having lost about $50 billion market capitalization overnight. With the exception of only Augur, Nuls, and Tether, the whole list of top 100 digital currencies are on the red. The dreadful sentiment seems to be a reaction to reports that South Korea’s exchange Upbit is suspected of fraud. […]

Ethereum Classic Price Technical Analysis – ETC/USD Remains in Uptrend

Key Highlights Ethereum classic price is placed nicely above the $21.00 support level against the US dollar. There is a key connecting bullish trend line forming with support at $21.10 on the hourly chart of the ETC/USD pair (Data feed via Kraken). The pair is trading above the 100 hourly simple moving average and it […]

Ripple Price Technical Analysis – Can XRP/USD Break 100 SMA?

Key Highlights Ripple price formed support near the $0.7500 level and recovered recently against the US dollar. There was a break above a declining channel with resistance at $0.8000 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair must clear the 100 hourly simple moving average and $0.8600 resistance to […]

Crypto Markets Hit 6 Week High at $400 Billion

The bullish momentum has continued throughout the day and total market capacity has topped $400 billion as we start another week in crypto land. This marks the first time that markets have been back over this level since March 8, over six weeks ago. The Crypto Rally Continues Six weeks is a long time in […]

Cardano Price Technical Analysis – ADA/USD Remains Supported

Key Highlights ADA price corrected lower from the $0.2745 level, but downsides were limited against the US Dollar (tethered). There is a major bullish trend line forming with support near the $0.2400 level on the hourly chart of the ADA/USD pair (data feed via Bittrex). The pair is likely to find a strong buying interest […]