Ripple (XRP) Price Trading Near Crucial Juncture, Can Bulls Make It?

Ripple price is currently correcting higher and is trading above $0.2520 against the US dollar. The price seems to be approaching a major resistance area near the $0.2600 level. This week’s crucial bearish trend line is intact with resistance near $0.2600 on the hourly chart of the XRP/USD pair (data source from Kraken). Ethereum is also correcting higher, but it is likely to face resistance near $180. Ripple price is gaining bullish momentum against the US Dollar and bitcoin. However, XRP price must break the $0.2600 resistance to move into…

Bitcoin (BTC) Diving, Can Bulls Protect $8.2K Support?

Bitcoin price is extending losses and it recently broke $8,375 support against the US Dollar. The price is currently correcting, but upsides are likely to be capped by $8,500. Morning’s key bearish trend line is active with resistance near $8,500 on the hourly chart of the BTC/USD pair (data feed from Kraken). Ethereum is still holding the $180 support area and ripple is trading in a range above $0.2520. Bitcoin price is showing signs of more losses below $8,500 against the US Dollar. BTC could drop towards $8,200 before a…

Bitcoin Price Risks Falling Under $8.4K If the Bulls Don’t Step Up Now

Bitcoin (BTC) price is still retracing from the massive rally two weeks ago, which leads the sentiment to turn bearish. Several signs indicate that the price needs to reverse quite soon, or the whole upwards move is deleted from the charts. Crypto market data. Source: Coin360 Bitcoin loses 200-Day MA and EMA for the second time in 2019 The daily chart shows that the price of Bitcoin once again can’t hold support on the 200-Day Moving Average (MA) and Exponential Moving Average (EMA). Such a move often leads to a…

Bitcoin Price Risks Drop Below $9K if Bulls Can’t Muster Rally Soon

View Bitcoin’s repeated failure to produce a strong bounce from key support indicates the bullish sentiment has fizzled somewhat. Failure to hold above a bearish MA on the longer-term chart indicates scope for a deeper drop. BTC risks falling to $8,800 in the short-term and may extend the decline to $8,500. A high-volume triangle breakout on a 4-hour chart would be bullish, although that looks unlikely at press time. Bitcoin is struggling to revive its stalled rally and could soon roll over to deeper support levels below $9,000. The top…

Ripple (XRP) Price Rips and Dips, Bulls Protecting Support

Ripple price surged recently above the $0.3040 and $0.3120 resistances against the US dollar. The price is currently trimming gains and trading near the $0.3000 support area. Yesterday’s major bullish trend line is active with support near $0.2990 on the hourly chart of the XRP/USD pair (data source from Kraken). The main support is near the $0.2980 level, below which the price could accelerate losses. Ripple price is swinging both ways against the US Dollar and bitcoin. XRP price must stay above the $0.2980 support area to start a fresh…

Ethereum (ETH) Bulls Eyeing Further Upsides, Bitcoin Facing Hurdles

Ethereum price is trading nicely above the $185 and $186 support levels against the US Dollar. Bitcoin is holding the $9,200 support, but it is facing hurdles near the $9,400 level. Yesterday’s highlighted key bullish trend line is active with support near $186 on the hourly chart of ETH/USD (data feed via Kraken). The pair is showing positive signs and it is likely to accelerate higher towards the $195 and $200 levels. Ethereum price is gaining pace above $186 versus the US Dollar, while bitcoin is facing hurdles. ETH price…

Bitcoin (BTC) Price Consolidating Gains, Bulls Eyeing Fresh Increase

Bitcoin price is currently consolidating above the key $9,000 support area against the US Dollar. The price is struggling to gain bullish momentum above the $9,600 and $9,720 resistance levels. There is a connecting bearish trend line forming with resistance near $9,560 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price must climb above $9,600 and gain pace above $9,720 to continue higher in the near term. Bitcoin price is likely setting up for the next major break against the US Dollar. BTC remains well…

Ripple (XRP) Bulls Are Quiet While Many Altcoins Rally Significantly

Ripple price is rising slowly and it is still below the $0.3150 resistance area against the US dollar. The price is facing a lot of hurdles on the upside near the $0.3120 and $0.3150 levels. There is a key bullish trend line forming with support near $0.2950 on the hourly chart of the XRP/USD pair (data source from Kraken). Many altcoins, including TRX, ONT, NEO, and VET are up more than 20% in the past three sessions. Ripple price is rising with a slower pace against the US Dollar, while…

Ripple Price (XRP) Upsurge Facing Key Resistance, Can Bulls Make It?

Ripple price remained in a positive zone and rallied another 5% above $0.2750 against the US dollar. The price is trading in an uptrend, but it is now facing a strong resistance near $0.2850. There is a rising channel forming with support near $0.2780 on the hourly chart of the XRP/USD pair (data source from Kraken). The price could correct in the short term, but it might find support near $0.2780 or $0.2750. Ripple price is up more than 5% against the US Dollar, and it recovered vs bitcoin. XRP…

Key Trading Indicator Suggests Bitcoin Bulls Are Steadily Accumulating

Bitcoin (BTC) closed the week with a selloff, pushing price below the $8k handle and printing a close down 2.5% for the week as a whole. Despite an ominous close to the bottom of the trading range, Bitcoin has rebounded higher this morning alongside other cryptocurrencies, with notable gainers XRP and Link breaking 10% gains for the day.  With that in mind and with Bitcoin sat at a crossroads, we will take a closer look at the key timeframes to try and determine if Bitcoin is nearing a bottom.   Daily…