XRP Price Walks a Tightrope As Downside Threat Persists
XRP price failed to surpass $1.4650 and started another decline. The price is now correcting gains and might struggle to stay above $1.320. XRP price started a downside correction and declined below $1.40. The price is now trading below $1.380 and the 100-hourly Simple Moving Average. There is a declining channel forming with resistance at $1.3880 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could start another increase if it stays above $1.30. XRP Price Dips To Support XRP price failed to stay above $1.4650 and started a downside correction, like Bitcoin and....
Related News
Prolonged but fruitless efforts to get regulators on the firm’s side seem to have exhausted Ripple’s patience as it eyes a potential IPO and fights a lawsuit.
Bitcoin price has reversed from a bull-trap as the reality of a hardfork with the potential to destroy coins and time locked transactions persists. Nevermind the asset damage, the fundamental consensus breach of Classic(TM) is devaluing Bitcoin and incumbent businesses every day that the threat persists. The past two days’ analysis had acknowledged the bullish activity in the chart but warned that a reversal was imminent. Yesterday’s push to the vicinity of the corrective high of late-February caused RSI to reverse diverge to both the said high, as well as the February 21 wave top. This....
Bitcoin price trend remains up but a downward correction prior to the next wave of advance remains likely. We’re waiting for price to either surge higher or make a surprise downward correction but the market’s uncertainty to choose a direction keeps price action on a tightrope. Overhead is the 1hr 200MA and below a support zone near $600. We have MACD ready to pop above zero and its signal line (magenta circle) – a bullish indication. The stochastics (blue circle, top) are rising from their minimum which is also bullish. Of course, we’d like to see an explosive upward price move here, but....
Huobi, one of the biggest and most liquid bitcoin exchange, stands accused of “intentionally pull[ing] off the network cable” whenever “the market is hot.” The site is so slow during market moves, the accuser says, “traders can’t do anything but shed tears.” In the first public threat of violence in this space, the individual, who says he has lost all his money due to “Huobi’s trickery,” states he will go to “Huobi Beijing company… wait by the door… [and] knife every guy who walks out.” A Translated Excerpt From Hxtop, a Small Chinese Bitcoin Media Site. This space prides itself in....
Bitcoin continues to face strong resistance as it struggles to reclaim higher supply levels, with price action stalling below the $105,000 mark. The market remains caught between cautious optimism and lingering fear, as selling pressure persists but downside momentum appears to be fading. According to on-chain data from Arkham Intelligence, whales have continued to offload […]