Bitcoin Surging While Ripple Price (XRP) Struggles Below Key Resistance

Ripple price is holding the $0.4580 support, but struggling to climb higher against the US dollar. The price seems to be consolidating below the $0.4800 and $0.4850 resistance levels. The bulls are attempting a convincing close above yesterday’s bearish trend line with resistance near $0.4700 on the hourly chart of the XRP/USD pair (data source from Kraken). Similarly, Ethereum price is facing an uphill task close to the $320 resistance area. Ripple price is trading in a tight range against the US Dollar, while bitcoin is surging. XRP price needs…

Crypto Market Holding Key Support: Bitcoin Cash, EOS, TRX, ADA Analysis

The total crypto market cap surged higher and tested the $325.0B level before correcting lower. Bitcoin price spiked above the $11,000 resistance level and it is currently consolidating gains. EOS price is back below the $7.200 level and it might test the $7.050 or $7.000 support. BCH price rallied significantly in the past few days and it is currently trading near $475. Tron (TRX) price broke the key $0.0350 resistance and it is currently near $0.0370. Cardano (ADA) price is slowly climbing higher towards the key $0.1000 resistance area. The…

Ripple (XRP) Price Analysis: Recovery Facing Key Hurdles

Ripple price started a major downside correction after a strong rally above $0.4600 against the US dollar. The price tested the $0.4175 support area and it is currently recovering above $0.4300. There is a rising channel forming with support near $0.4300 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair is likely to face a strong resistance near the $0.4400 and $0.4450 levels in the near term. Ripple price is currently moving higher against the US Dollar, but consolidating vs bitcoin. XRP could gain momentum…

Ripple (XRP) Price Approaching Key Supports: Can Bulls Regain Strength?

Ripple price started a downside correction after rallying towards $0.4630 against the US dollar. The price declined sharply and broke the $0.4400 and $0.4300 support levels. This week’s followed bullish trend line was breached with support near $0.4365 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair is currently holding the $0.4200 support level and is trading near a key resistance area. Ripple price is currently struggling to hold gains against the US Dollar and bitcoin. XRP is likely to climb higher again as long…

Ethereum (ETH) Price In Corrective Decrease: $260 Support Holds Key

ETH price started a downside correction after it failed to clear $275 against the US Dollar. The price declined below the $265 support level, but it is holding the $260 and $262 supports. Recently, there was a break above a declining channel with resistance at $264 on the hourly chart of ETH/USD (data feed via Kraken). The pair is likely to climb higher again as long as it is trading above the $260 support area. Ethereum price is showing signs of a correction versus the US Dollar, and remains bearish…

Ethereum (ETH) Price Testing Key Support: $250 Holds The Key

ETH price started a downside correction after trading towards the $265 level against the US Dollar. The price declined below the $255 level, but the $250 support area is acting as a support. There is a key bullish trend line forming with support near $253 on the hourly chart of ETH/USD (data feed via Kraken). The pair must stay above the $250 pivot level to start a fresh increase in the near term. Ethereum price corrected lower below $260 and $255 versus the US Dollar, but it was stable vs…

Bitcoin (BTC) Price At Risk Of Additional Weakness: $8,000 Holds Key

Bitcoin price started a major downward move below the $8,200 and $8,000 supports against the US Dollar. The price even broke the key $7,600 support level and it is currently recovering higher. There are two major bearish trend lines forming with resistance near $7,950 and $8,200 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair is likely to struggle near the $8,000 and $8,200 resistance levels in the near term. Bitcoin price is facing an increase in selling pressure against the US Dollar. BTC might…

Ethereum (ETH) Price Showing Signs of Weakness: $250 Holds Key

ETH price recovered recently, but it struggled to clear the $275 resistance against the US Dollar. The price is currently under pressure and it could decline below the $260 support area. There was a break below a major bullish trend line with support at $270 on the hourly chart of ETH/USD (data feed via Kraken). The pair is currently showing bearish signs and it could decline towards the $250 support area. Ethereum price is slowly moving lower versus the US Dollar and bitcoin. ETH price could decline towards the $250…

Ethereum (ETH) Price Holding Gains: Key Resistances Nearby

ETH price recovered nicely after declining towards the $240 support area against the US Dollar. The price traded above the $270 level, but it seems to be struggling near $278 and $280. There is a short term breakout pattern forming with resistance near $270 on the 4-hours chart of ETH/USD (data feed via Kraken). The pair remains well supported on dips as long as there is no close below the $250 support area. Ethereum price jumped back after correcting sharply versus the US Dollar, similar to bitcoin. ETH must gain…

Ripple (XRP) Price Crashes Below Key Support: More Losses Possible

Ripple price traded to a new monthly high at $0.4777 and recently declined sharply against the US dollar. The price broke the key $0.4570 and $0.4400 support levels to enter a bearish zone. This week’s crucial ascending channel was breached with support at $0.4500 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair traded as low as $0.3999 and it remains at a risk of more losses in the near term. Ripple price declined sharply against the US Dollar, similar to bitcoin. XRP broke the…