Ripple (XRP) Showing Signs of Weakness But $0.25 Holds The Key

Ripple failed to clear the key $0.3080 resistance and declined sharply against the US Dollar. XRP price is down 5%, but there are many key supports on the downside. Ripple price started a strong decline after it was rejected near the $0.3080 area against the US dollar. The price is down more than 5% and it is approaching the $0.2680 support area. There was a break below a key ascending channel with support near $0.2920 on the hourly chart of the XRP/USD pair (data source from Kraken). The price is…

Ripple (XRP) Recovery Facing Key Hurdles: Can Bulls Outsmart Bears?

Ripple started an upside above the $0.2850 resistance area against the US Dollar. However, XRP price is still facing a couple of key hurdles near $0.3000 and $0.3080. Ripple price is currently correcting higher from the $0.2677 swing low against the US dollar. The price is trading above $0.2850, but it is still facing many key resistances. There is a key bearish trend line forming with resistance near $0.3000 on the hourly chart of the XRP/USD pair (data source from Kraken). The price struggle to continue above the $0.3000 and…

Ethereum Smashes Key Resistance: Technicals Indicate Fresh Rally To $288

Ethereum remained well bid above the $240 support area against the US Dollar. ETH price started a fresh increase and it could soon revisit the $288-$289 resistance zone. Ethereum is recovering losses and it recently climbed above the $265 resistance against the US Dollar. The price is gaining pace and it could rise further above $270 and $275. Yesterday’s highlighted key bearish trend line was breached with resistance near $262 on the hourly chart of ETH/USD (data feed via Kraken). Bitcoin price is slowly recovering and it could test the…

Bitcoin Price Rally Over? Key $9.4K Support Zone Holds for Now

Bitcoin (BTC) price was unable to hold the psychological barrier of $10,000 and couldn’t break through the resistance of $10,400. This rejection caused a corrective move to $9,450, leaving a $400 CME gap behind. Following Bitcoin’s severe correction, many altcoins also retraced more than 10% over the weekend.  But does this mean the bullish momentum is over?  Crypto market daily performance. Source: Coin360 Rejection at $10.4K triggers a 10% selloff BTC USDT 1-day chart. Source: TradingView The price of Bitcoin couldn’t break through the resistance of $10,400 and therefore retraced…

Bitcoin Ready to Explode, According to This Key Metric

Crypto enthusiasts are still divided on whether the halving is already priced in. Google Trends data reveal that the search term “bitcoin halving” is gaining traction. Analysts believe that bitcoin will soar after the halving generates media hype. The highly-anticipated bitcoin halving is months away and many traders are still undecided whether the event is priced in or not. To provide some context, the top cryptocurrency is up by over 50% from the 2019 bottom. In the previous two halvings, bitcoin soared by at least 2,902%. It’s very unlikely that…

Ethereum Tumbles 8%: Here’s Key Support Turned Resistance For The Bulls

Ethereum started a sharp decline below the $265 and $260 support levels against the US Dollar. ETH even tumbled below $250 and it is currently correcting losses. Ethereum is down more than 8% and it even spiked below the $250 support against the US Dollar. The price traded as low as $236 and it is currently recovering losses. There is a major bearish trend line forming with resistance near $264 on the hourly chart of ETH/USD (data feed via Kraken). Bitcoin price is also under pressure and it is trading…

Despite Bitcoin’s Key Technical Correction, The 100 SMA Can Trigger A Fresh Rally

Bitcoin started a downside correction from the $10,500 area against the US Dollar. BTC declined below $10,200, but it is still holding the key 100 hourly SMA. Bitcoin price failed to climb above $10,500 and corrected lower against the US Dollar. There was a sharp dip below the $10,200 level before the bulls protected the 100 hourly SMA. There is a key contracting triangle forming with resistance near $10,290 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could either rally again above $10,300 or…

Ripple (XRP) Approaching Next Crucial Break: Here’s Why $0.35 Holds Key

Ripple surged higher and climbed above the $0.3200 resistance area against the US Dollar. However, XRP price is now facing a strong resistance near the $0.3400-$0.3500 area. Ripple price surged to a new 2020 high at $0.3399 before correcting lower against the US dollar. The price is now consolidating gains above the $0.3150 support area. There is a major contracting triangle forming with resistance near $0.3310 on the hourly chart of the XRP/USD pair (data source from Kraken). The price could either surge above $0.3400 or it might start a…

New Key Diagnosis Could Massively Spike Confirmed Coronavirus Cases

Official number of coronavirus cases in China is likely to spike in the coming days. A new category of diagnosis is now implemented by the government of China. Analysts believe real numbers are much higher than reported figures. China’s surprise announcement of 15,000 new confirmed cases of coronavirus on February 12 is only the start of what’s to come. Experts anticipate the number of cases to be reported in the short-term to spike due to the introduction of a new category for diagnosing the virus. Previously, the government of China…

Circle Founder: Digital Currencies at Key Growth Moment as Governments Take Notice

Throughout the seven volatile years during which Circle founder Jeremy Allaire has been developing crypto products, he has consistently warned there’s much work to do before the technology is ready for mass usage. Now, with governments starting to explore digital currencies, new stablecoin models emerging and big tech platforms like Facebook getting involved, he finally sees the potential for a tipping point that brings about mass adoption.  On the sidelines of the World Economic Forum in Davos, he spoke to Michael Casey about the convergence of forces leading to what…