XRP Price Finds Support Again, Though Resistance Threatens Rally Attempt
XRP price started a recovery wave above $1.4250 and $1.4320. The price is now consolidating and might aim for a fresh move if it clears $1.4620. XRP price started a recovery wave above the $1.4320 zone. The price is now trading above $1.4350 and the 100-hourly Simple Moving Average. There is a bearish trend line forming with resistance at 1.4620 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could continue to move up if it settles above $1.4880. XRP Price Holds Support XRP price remained supported above $1.4180 and started a recovery wave, like Bitcoin and....
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Bitcoin price is slowly crawling higher with the rising channel still intact, but a downside break and reversal might be looming. The 100 SMA is below the 200 SMA for now so the path of least resistance might be to the downside. However, an upward crossover appears to be taking place to show a pickup in bullish strength. If so, bitcoin price could make a stronger attempt to rally towards the channel resistance. Stochastic is making its way down from the overbought level to show a return in bearish pressure. RSI is also heading south so bitcoin price might follow suit. In that case, price....
Bitcoin price is struggling to gain pace above $63,500 against the US Dollar. BTC could start a fresh rally if it clears $63,500 and $64,000 in the near term. Bitcoin is facing resistance near the $63,500 and $64,000 levels. The price is now trading above $62,500 and the 100 hourly simple moving average. There is a major contracting triangle forming with support near $62,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start a fresh rally if there is a clear break above $63,500. Bitcoin Price Consolidates Bitcoin price made another attempt to gain....
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