XRP ‘Under Heavy Resistance’ After Key $1.50 Rejection – Is A Drop To $1 Next?
While XRP attempts to hold a crucial area, some analysts have pointed to key indicators that could dictate whether the recent pullback is temporary or marks the start of a deeper correction. Related Reading: Bitcoin Rally On The Line: Analyst Explains Why This Weekly Close Is Critical XRP Rally Faces Critical Resistance On Tuesday, XRP continued its recent decline, falling to the $1.35 area, its lowest level since late April. The cryptocurrency has been trading between $1.36 and $1.50 over the past month, attempting to break out of the upper boundary on multiple occasions. Last Thursday,....
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Ethereum could drop even lower than it has over the past few weeks as it faces strong resistance. Analysts say that the crypto asset is vulnerable to a drop under $300 in the coming weeks. The asset is running up against critical resistances around $360-375. The coin will need to surmount this region, then hold it if it is to confirm more upside. Ethereum Could Soon Drop Under $300, Analysts Fear Ethereum is primed to […]
After a rejection from $2.2 at the start of the weekend, the XRP price is now struggling to regain its momentum. This is especially hard given the fact that the altcoin saw the rejection from a major supply zone, and this has dealt a blow to the bullish momentum. This rejection doesn’t bode well for […]
Bitcoin has had a big week this past week. With the new all-time highs and the VanEck Spot ETF rejection, it is interesting to see how the market has reacted to these. VanEck had filed its ETF with the SEC and on Friday, it got back the dreaded rejection. The reason given for the rejection […]
Early in September, Bitcoin underwent a strong reversal that brought the coin to $9,800 from $12,500. The drop marked a crucial rejection of the $12,000 horizontal level on a weekly basis. There are some analysts that flipped bearish after Bitcoin formed that pivotal rejection. BTC is still in a positive spot on a macro frame, though, some have said. They point to how Bitcoin held the critical lows at $10,000s. $10,000 is a crucial psychological […]
The Bitcoin price is once again under heavy pressure in the market. An analyst has warned that the coin shows strong bearish signs after being rejected at a resistance level. The price has now fallen to a critical support area, where buyers are trying to hold the line. According to the analyst, if the level fails, the price could drop even lower, raising doubts about whether the key levels will remain safe. Analyst Says Bitcoin Price Turned Bearish After $121,000 Rejection The analyst explained that the bearish trend began when Bitcoin strongly rejected the $121,000 resistance level.....