Bitcoin Price Watch: BTC Approaching Next Significant Break

Bitcoin price is consolidating losses above the $3,560 support area against the US Dollar. There is a short term contracting triangle formed with resistance at $3,625 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price may soon make the next move either above $3,650 or below $3,540 in the near term. Bitcoin price is preparing for the next key break above $3,650 against the US Dollar. A close above $3,650 could trigger bullish moves towards $3,720 and $3,800. Bitcoin Price Analysis After trading above the…

Ripple Price Analysis: XRP Eyeing Upside Break Above $0.37

Ripple price tested the key support near $0.3600 and later recovered against the US dollar. There is a crucial breakout pattern forming with resistance at $0.3680 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair is likely to make the next move either above $0.3700 or below $0.3580 in the near term. Ripple price corrected lower towards major supports against the US Dollar and Bitcoin. XRP/USD is now preparing for the next move either above $0.3700 or towards $0.3400. Ripple Price Analysis Recently, ripple price…

Bitcoin Price Weekly Analysis: BTC Approaching Significant Break

Key Points Bitcoin price failed to gain momentum above $3,900 and declined recently against the US Dollar. There is a major contracting triangle formed with support at $3,765 on the 4-hours chart of the BTC/USD pair (data feed from Kraken). The pair is approaching the next significant break either above $3,850 or below $3,750. Bitcoin price is trading near important support levels against the US Dollar. BTC/USD may soon make the next move either above $4,000 or below $3,500. Bitcoin Price Analysis This past week, bitcoin price moved higher above…

Bitcoin Price Watch: BTC Primed To Break $4K

Key Points Bitcoin price is grinding higher and it recently broke the $3,900 resistance against the US Dollar. There is a key ascending channel formed with support at $3,850 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price may decline a few points before it makes an attempt to clear the $4,000 resistance. Bitcoin price is showing positive signs above $3,800 against the US Dollar. BTC remains well supported on the downside for more gains above $4,000. Bitcoin Price Analysis Yesterday, we discussed that bitcoin…

It’s Time for Local Governments to Break Blockchain’s Regulatory Gridlock

Politician Won Hee-ryong is the current governor of South Korea’s Jeju province. The following is an exclusive contribution to CoinDesk’s 2018 Year in Review. It has been translated to English from Korean.  Although there are issues with blockchain that need to be solved, there is a growing consensus about the technology’s great potential. Blockchain is a disruptive technology that is not limited to any particular field, and it has a wide range of applications including finance, logistics, medicine and intellectual property rights. Combining blockchain with cryptocurrencies is an inevitable step to…

Ripple Price Analysis: XRP Buyers Sighting Bullish Break Above $0.40

Key Highlights Ripple price traded in a range and struggled to clear the $0.4000 resistance against the US dollar. There was a break above a major bearish trend line with resistance at $0.3650 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair is eyeing an upside break above the $0.3950 and $0.4000 resistance levels. Ripple price is currently consolidating gain against the US Dollar and Bitcoin. XRP/USD may soon break the $0.4000 resistance and extend gains above $0.4200. Ripple Price Analysis This past week, there…

XRP Bullish, Break Above 40 Cents Vital For Bulls

Latest Ripple News Aside from government regulators, companies are monitoring the space.  Crypto as a Bank of International Settlement representative said is an “evil spawn of a crisis”. By design, coins are meant to supplement and even replace traditional government-issued currencies. Ravaged by hyperinflation and a total lack of trust for fiat, Venezuelans are using crypto to pay for their day to day expenses. On the other hand, Ripple is banking on xRapid, xCurrent, and xVia to replace the SWIFT of which majority of the global banks are using. The…

Ripple Price Analysis: XRP Poised For Next Bullish Break Above $0.40

Key Highlights Ripple price is currently consolidating gains below the key $0.3900-0.4000 resistance against the US dollar. There is a key breakout pattern forming with resistance near $0.3840 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair remains well supported on dips near the $0.3600 and $0.3410 levels. Ripple price is likely preparing for the next bullish break against the US Dollar and Bitcoin. XRP/USD could surge towards $0.4500 once there is a close above $0.4000. Ripple Price Analysis Yesterday, we saw a solid upward…

TRON Arcade Wants to Break Open the Gaming Industry for Blockchain

Tron Blockchain platform TRON announced today its plans to establish a $100 million fund known as “TRON Arcade.” The fund is the fast-rising network’s newest effort to drive higher adoption of its platform and to finally unlock the gaming sector, which is worth billions, for blockchain technology. Until this point, the blockchain-based gaming field has experienced mixed results in terms of market penetration. Several projects have emerged, each of which seek to disrupt the nearly $138 billion industry, although adoption and retention have posed major challenges for early entrants. Unlike…

Ripple Price Analysis: Break Below $0.2900 Could Speed Up XRP Losses

Key Highlights Ripple price seems to be struggling to clear the $0.3100 resistance area against the US dollar. There is a key bearish trend line formed with resistance at $0.3025 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could decline heavily if there is a break below the $0.2900 and $0.2880 supports. Ripple price is under pressure against the US Dollar and Bitcoin. XRP/USD failed to move past $0.3100 and now it could decline further towards $0.2650. Ripple Price Analysis There was a decent…