Crypto Market Holding Uptrend Support: Bitcoin Cash, XLM, EOS, TRX Analysis

The total crypto market cap is holding the key $248.0B and $245.0B support levels. Bitcoin price is up more than 1% and it recently broke the $8,200 resistance area. Bitcoin cash price gained a strong bullish momentum and settled above $400. EOS price is correcting lower towards the $6.40 support area. Stellar (XLM) price is positioned above the $0.1200 support, but it is facing hurdles near $0.1300. Tron (TRX) price is slowly moving lower towards the $0.0320 support area The crypto market cap is holding an important support, with bullish…

Ripple (XRP) Price Trading Near Make-or-Break Support Zone

Ripple price started a short term downside correction after trading towards $0.4100 against the US dollar. The price declined below the $0.4000 support and recently tested the $0.3940 support area. There is a key bullish trend line forming with support near $0.3945 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could either break the $0.3940 support and extend losses or start a fresh increase. Ripple price is currently trading near key support levels against the US Dollar, similar to bitcoin. XRP is likely to…

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 Investors Harmed After Coinroom Closure, BTC Support at $7,500

Bitcoin under pressure, down 3.4 percent in 24 hours Another exchange disappears with user funds Coinroom clients are counting losses after the exchange abruptly closed. Some clients had more than 2 BTCs in their accounts. Meanwhile, Bitcoin is stabilizing, down 3.4 percent in the last day. Bitcoin Price Analysis Fundamentals Losing funds, either through theft of lost private keys, is a traumatic experience. Should a regulated exchange suffer a hack and funds stolen, there is always a legal route for a possible recompense. However, in extreme cases like QuadrigaCX, where…

Coinbase Adds Support for EOS Cryptocurrency on Retail Site and Apps

Coinbase has added support for the EOS cryptocurrency for its retail customers. The exchange announced in a blog post on May 30 that the option would be available on Coinbase.com and its Android and iOS apps, allowing users to buy, sell, convert, send, receive or just store EOS. The token was added to its Pro platform back in April. While the EOS option is now available for customers in “most” of Coinbase’s served jurisdictions, the U.K. and the U.S. state of New York are not included initially. “Additional jurisdictions may be…

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…

Ethereum (ETH) Price Reversed Gains: Support Turned Resistance

ETH price traded to a new 2019 high close to $290 and declined heavily against the US Dollar. The price reversed most its gains and traded below the $260 and $250 support levels. There was a break below a major bullish trend line with support at $266 on the hourly chart of ETH/USD (data feed via Kraken). The pair tested the $240 level and it is currently correcting higher towards the $260 and $264 resistances. Ethereum price declined heavily below $260 versus the US Dollar, but remained flat vs bitcoin.…

Ripple (XRP) Price Holding Key Support: Downside Thrust Before Higher?

Ripple price corrected lower, but the $0.4200 area acted as a strong support against the US dollar. The price bounced back above the $0.4340 and $0.4400 levels to move back in a positive zone. Yesterday’s highlighted crucial ascending channel is intact with support at $0.4380 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair is likely to correct lower once again before a fresh increase above the $0.4600 resistance area. Ripple price is gaining bullish momentum against the US Dollar and bitcoin. XRP might dip…

Ethereum (ETH) Price Approaching Key Support: Buy Dips?

ETH price topped near the $280 level and recently started a downside correction against the US Dollar. The price is slowly moving lower towards a couple of important supports near $265. Yesterday’s highlighted key ascending channel is intact with support near $266 on the hourly chart of ETH/USD (data feed via Kraken). The pair is likely to find a strong buying interest near the $266 and $265 support levels. Ethereum price is currently correcting recent gains versus the US Dollar, but declining vs bitcoin. ETH could bounce back as long…

Ethereum (ETH) Price Holding Uptrend Support: Bulls Eyeing $300

ETH price recently climbed higher and settled above the $265 resistance against the US Dollar. The price gained traction and spiked towards the main $280 resistance area. There is an ascending channel forming with support near $266 on the hourly chart of ETH/USD (data feed via Kraken). The pair is trading nicely above the key $265 support and it may continue to rise in the near term. Ethereum price is showing positive signs versus the US Dollar, but struggling vs bitcoin. ETH is likely to accelerate higher and it might…