XRP Posts 6% Gains as Japan and Brazil Adopt Ripple Tech for Payments

Twitter Facebook LinkedIn Ripple’s XRP token has a posted a 6 percent profit to establish a fresh weekly high towards $0.534. The bullish behavior also got the coin close to replacing Etherum as the second-largest cryptocurrency by market cap. SOURCE: TRADINGVIEW.COM The XPR/USD value appreciated from 0.506-fiat to 0.535-fiat on Monday. The price action underwent a weak downside correction later. It found support at 0.516-fiat and is since hinting a further upside bias. The pair is now trading at 0.532-fiat, looking to reclaim the weekly high, followed by a breakout towards…

Smallcap Token Cobinhood (COB) Gains 14.26% in Wider Market Downturn

Twitter Facebook LinkedIn The COBINHOOD token ‘COB’ has been reported across various sources such as CoinMarketCap as having appreciated significantly over the past 10-12 hours at the time of writing, when compared to the same trading values from the previous 24 hours. Current token value stands at $0.024001, a reported 6.81% increase in average trading price compared to the previous 24hrs. One Day Chart The highest price seen so far has been at 23:04:07 PM (UTC), where the coin rose to 0.027935 USD value from a low of 0.021245 at…

Bitcoin Erases Weekend Gains & Struggles to Break Out of Bear Trend

Twitter Facebook LinkedIn Bitcoin kicked off the week by erasing gains made during the weekend, falling 1 percent against the US Dollar. Bitcoin Relinquishes Hard-Fought Gains The BTC/USD pair stayed depressed despite an upside attempt, printing intraday lows near 6319-fiat against the high at 6384-fiat. The breakdown action in the European forex market helped the dollar establish its 16-month high. Due to the US bank holiday today, Wall Steet is bound to post lower volume, but its relevance to the overall intraday health of the greenback could surface tomorrow when the…

Cardano Price Analysis: ADA/USD Could Resume Gains Above $0.080

Key Highlights ADA price corrected lower recently and tested the $0.0738 support area against the US Dollar (tethered). There is a major bullish trend line formed with support at $0.0755 on the hourly chart of the ADA/USD pair (data feed via Bittrex). The pair is likely to climb higher once again above the $0.0780 resistance in the near term. Cardano price is holding key supports against the US Dollar and Bitcoin. ADA/USD could break the $0.0780 resistance as long as it is above $0.0735. Cardano Price Analysis After trading above…

XLM/USD, ADA/USD Gains Setting Pace for Inevitable Altcoin Price Recovery

Even with ball park +75 percent losses from 2017 highs, the altcoin market is ripe for a reversal as XLM/USD and ADA/USD reject lower lows. Meanwhile, EOS/USD and LTC/USD are near important support levels and today could determine short term price trajectory. Let’s have a look at these charts: EOS/USD Price Analysis Back to back losses mean none of our trade conditions are live. However, a glance at the chart indicate that sellers are in charge and could drive prices below $5 triggering aggressive sellers into action aiming at $4.…

Ripple Price Analysis: XRP/USD Correcting Gains Toward Key Supports

Key Highlights Ripple price traded as high as $0.5626 and later corrected lower against the US dollar. There was a break below a major bullish trend line with support at $0.5300 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could correct further lower towards the $0.5080 or $0.4940 support level in the near term. Ripple price is correcting recent gains against the US Dollar and Bitcoin. XRP/USD remains nicely supported on the downside near the $0.5080 level. Ripple Price Analysis Yesterday, there was a…

Bitcoin Price Watch: BTC/USD Accelerating Gains Toward $6,700

Key Points Bitcoin price traded further higher and broke the $6,515 resistance area against the US Dollar. There was a break above a key contracting triangle with resistance at $6,440 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price is likely to accelerate gains above the $6,550 and $6,600 levels in the near term. Bitcoin price is placed nicely above the $6,480 support against the US Dollar. BTC/USD is likely to grind higher towards the $6,700 level in the near term. Bitcoin Price Analysis Yesterday,…

Bitcoin Cash Price Analysis: BCH/USD Extending Gains Above $600

Key Points Bitcoin cash price rallied above the key $600 resistance against the US Dollar. There is a major bullish trend line formed with support at $580 on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair may correct lower, but dips towards the $580 zone remain supported in the near term. Bitcoin cash price is placed heavily in an uptrend above $550 against the US Dollar. BCH/USD traded as high as $629 before it started a downside correction. Bitcoin Cash Price Analysis Yesterday, we discussed…

Ethereum Price Analysis: ETH/USD Primed For More Gains

Key Highlights ETH price tested the $205 support area and recovered later against the US Dollar. There is a major breakout pattern formed with resistance at $209 on the hourly chart of ETH/USD (data feed via Kraken). The pair is likely to break to the upside above the $209 and $210 resistance levels. Ethereum price is holding key supports against the US Dollar and bitcoin. ETH/USD could resume its upside move once there is a break above $209-210. Ethereum Price Analysis Recently, ETH price started a downside correction after trading…

Ripple Price Analysis: XRP/USD Rally Gains Pace Above $0.50

Key Highlights Ripple price surged higher recently and broke the $0.4700 and $0.5000 resistances against the US dollar. There is a short term connecting bullish trend line formed with support at $0.5000 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair is currently placed nicely in a bullish zone and it could accelerate above $0.5140. Ripple price rallied recently against the US Dollar and Bitcoin. XRP/USD is currently correcting, but dips remain well supported near $0.5000 and $0.4950. Ripple Price Analysis Yesterday, we discussed that…