Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Litecoin, Cardano, Stellar, IOTA, TRON: Price Analysis, July 20

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision. The market data is provided by the HitBTC exchange. Have cryptocurrencies bottomed out? This is the first question to pop up in any crypto investor’s mind following the recent pullback from the lows. Arthur Hayes, a Bitcoin bull and co-founder of one of the largest crypto exchanges Bitmex is not convinced that…

Crypto Market Slightly Struggles After Mini Bull Run, Ripple Down 5%

Subsequent to demonstrating a mini-rally on July 18, the crypto market has declined by $12 billion, triggered by a large drop in the value of tokens. Ripple’s Downtrend Since Wednesday, bitcoin, the most dominant cryptocurrency in the market, has performed relatively well against the US dollar. Its volume, which remained below $3.5 billion last week, has rebounded to $5.2 billion, and tripled on the global market’s largest crypto exchange Binance. As of July 20, the price of bitcoin remains above the $7,470 mark, down less than 1.5 percent from its…

Ripple Price Analysis: XRP/USD Turned Bearish?

Key Highlights Ripple price broke a major support area near $0.4750 to move into a bearish zone against the US dollar. There is a key bearish trend line in place with resistance at $0.4700 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair must move back above $0.4750 and the 100 hourly simple moving average to recover. Ripple price is under significant pressure against the US Dollar and Bitcoin. XRP/USD is likely to extend declines if it fails to move back above $0.4750. Ripple Price…

Ripple Price Analysis: XRP/USD Testing Key Support

Key Highlights Ripple price made a nice upside move before facing sellers near $0.5245 against the US dollar. There was a break below a crucial bullish trend line with support at $0.4950 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair is currently trading near a major support zone at $0.4750 and the 100 hourly simple moving average. Ripple price is correcting lower against the US Dollar and Bitcoin. XRP/USD must hold the $0.4750 support to bounce back in the near term. Ripple Price Support…

Ripple Price Analysis: XRP/USD Accelerating Above $0.5200

Key Highlights Ripple price rocketed higher and broke the $0.5000 and $0.5200 resistance levels against the US dollar. There is a major bullish trend line in place with support at $0.4920 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair is currently correcting lower, but it remains supported near $0.5100 and $0.5000. Ripple price broke key resistances against the US Dollar and Bitcoin. XRP/USD is now placed in a bullish trend with supports above $0.5000. Ripple Price Trend There was a sharp upside move in…

Ripple Price Analysis: XRP/USD Primed for More Gains

Key Highlights Ripple price is surging higher and it recently broke the $0.4500 resistance against the US dollar. There is a key connecting bullish trend line formed with support at $0.4750 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair is placed nicely above the $0.4700 support area for more upsides in the near term. Ripple price gained bullish momentum against the US Dollar and Bitcoin. XRP/USD broke the $0.4500 resistance and it could continue to move higher towards $0.5000. Ripple Price Upward Move Yesterday,…

Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Litecoin, Cardano, Stellar, IOTA, TRON: Price Analysis, July 16

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision. The market data is provided by the HitBTC exchange. When a new asset class resists even after facing numerous hurdles, it forces the asset managers to pay attention and recognize it. We have seen JP Morgan, Goldman Sachs and a few others have already walked down that path. The latest to consider investing…

Ripple Price Analysis: XRP/USD Struggling Near $0.4500

Key Highlights Ripple price recovered recently, but it is facing a significant resistance near $0.4500 against the US dollar. There was a break above a key bearish trend line with resistance at $0.4400 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could correct lower, but it is likely to make another attempt to clear the $0.4500 resistance. Ripple price jumped sharply against the US Dollar and Bitcoin. XRP/USD must clear the $0.4500 resistance to accelerate gains towards the $0.5000 level. Ripple Price Trend Recently,…

Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Litecoin, Cardano, Stellar, IOTA, TRON: Price Analysis, July 13

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision. The market data is provided by the HitBTC exchange. Recommending investors to sell their Bitcoin in December of last year was against the general consensus, especially considering the lofty numbers that we were seeing back then. Similarly, telling investors to buy Bitcoin now, during sharp declines and in batches is against the…

Ripple Price Analysis: XRP/USD Recovers Sharply

Key Highlights Ripple price traded to a new weekly low below $0.4250 before recovering against the US dollar. There is a new major bearish trend line in place with resistance near $0.4450 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair is recovering nicely, but it has to break the $0.4450 and $0.4500 resistances to gain further. Ripple price bounced back from lows against the US Dollar and Bitcoin. XRP/USD is now facing a crucial resistance near the $0.4450 level. Ripple Price Upside Hurdle There…