ripple

Exchange Rates 30.09.2022 analysis

Green line - resistance trend line

Red lines- Fibonacci retracement levels

XRPUSD recently made a strong upward bounce from $0.33 to $0.55. Price has broken above the green downward sloping resistance trend line coming from the 2021 high. Price has so far retraced 38% of the decline from $0.9094. After last week's high at $0.55, price pulled back towards $0.41 and so far a higher low has been formed. Staying above the green trend line resistance is key for the medium-term trend. Forming higher lows and staying above the green trend line is key for the start of a new upward trend. Next upside target is at the 61.8% Fibonacci retracement at $0.67. Holding above $0.40 is critical. However there are still some possibilities that this entire upward move is just another counter trend bounce. This bearish scenario has not been cancelled yet.

 

Relevance up to 13:00 UTC+2 Company does not offer investment advice and the analysis performed does not guarantee results. The market analysis

(BTC) Bitcoin with a rise, (ETH) Ether gains as well, (XRP) Ripple probably doesn't feel that well today

(BTC) Bitcoin with a rise, (ETH) Ether gains as well, (XRP) Ripple probably doesn't feel that well today

FXStreet News FXStreet News 17.01.2022 15:56
Bitcoin price rejuvenates its uptrend as it bounces off a 4-hour demand zone, extending from $41,843 to $42,707. Ethereum price produces a higher high, signaling a continuation of its uptrend. Ripple price revisits the demand zone, ranging from $0.694 to $0.753, as bulls fail to kick-start a rally. Bitcoin price reveals a bullish outlook albeit a slow one, providing altcoins with an opportunity to run free. The past week is a testament to the recent gains witnessed among many altcoins. While Ethereum continues to remain bullish, Ripple struggles to hold on. Bitcoin price pushes forward Bitcoin price produced a lower low after the January 13 swing high at $44,439 but managed to set a higher low, keeping the uptrend somewhat intact. As BTC bounces off a 4-hour demand zone, extending from $41,843 to $42,707, investors can expect the pioneer crypto to make a run for the previous week’s high at $47,609. This hurdle is present below the 200-day Simple Moving Average (SMA) At $48,590. BTC’s upside potential, though, at least in the short-term, seems to be capped at the aforementioned level. BTC/USD 4-hour chart If Bitcoin price fails to see a bullish reaction off of the $41,843 to $42,707 demand zone, it will indicate weakness among buyers. This lack of interest could allow bears to take control and push BTC down to $41,762 – a four-hour candlestick close below there will then invalidate the bullish thesis. This development could lead Bitcoin price lower, to retest the $39,87 support level. Ethereum price shows strength Ethereum price is in a similar situation to Bitcoin as it produced a higher low but failed to set up a higher high. As long as BTC remains bullish, ETH will follow suit. Market participants can, therefore, expect the smart contract token to make a run for the 200-day SMA at $3,475. Clearing this hurdle will open the path for Ethereum price to revisit the daily supply zone, extending from $3,675 to $3,846. The upper limit of this hurdle coincides with the 50-day SMA, indicating that a further uptrend is unlikely. ETH/USD 4-hour chart Regardless of the optimistic scenario, Ethereum price needs to hold above the weekly support level at $3,061 to see a meaningful uptrend. A breakdown of this foothold will remove confidence and instill doubt among buyers. A four-hour candlestick close below the demand zone’s lower limit at $2,927, however, will create a lower low, invalidating the bullish thesis. Ethereum price finds stable support as ETH targets $4,000 Ripple price lacks motivation Ripple price has been teetering on a daily demand zone, stretching from $0.693 to $0.753 since the December 4, 2021 crash. One can assume that this barrier has been weakening. Due to its correlation with BTC, however, XRP price is likely to rally 12% to retest the 50-day SMA at $0.844. The weakened demand zone could face destruction by a short-term bearish momentum, however, so investors should exercise caution with the remittance token. In some cases, Ripple price could overcome the immediate hurdle and make a run for the 200-day SMA at $0.954. XRP/USD 1-day chart On the other hand, if Ripple price produces a daily candlestick close below $0.693, it will create a lower low, invalidating the bullish thesis. This development could trigger a crash, where XRP price could revisit the $0.604 support level. XRP price looks bullish, targets $1
Shiba Inu price set to crash by 70% as critical support weakens

Shiba Inu price set to crash by 70% as critical support weakens

FXStreet News FXStreet News 21.01.2022 16:06
Shiba Inu price sees bears drilling down on an important area of support. SHIB price could see a nose dive reaction later today should the US session see accelerated selloffs. A break below the 200-day SMA could hold 70% of losses before plenty of support is found. Shiba Inu (SHIB) price continues to be controlled by bears after the dead-cat bounce in stock markets yesterday evening. With the Nasdaq closing sharply lower, giving up earlier gains, cryptocurrencies are being dragged into a selloff on its coattails, and bearish headwinds persist. Expect a further continuation of downside tests, with $0.00002576, up next, and a break below that opening up the possibility of SHIB price being decimated towards $0.00000655 – a 70% devaluation. Shiba Inu hanging by a thread before price action could collapse Shiba Inu price is in a vortex along with other financial market assets, after the US session saw a180 degree U-turn to the downside. The ASIA PAC and European sessions are also sharply lower and with risk assets being slashed across the board. This is being reflected in cryptocurrencies where a selloff is also taking place. At the moment, SHIB price is drilling down to $0.00002482, a level where the 200-day Simple Moving Average (SMA) and the monthly S1 support level intersect.This should offer plenty of support, but with current market sentiment so negative, it is not a given that investors will want to step in and support the trade. A break lower would see price next pause at $0.00001623, the S2 monthly support. The level of the S2 does not hold any historical relevance, however, making it relatively weak, and the only key level further down looks to be $0.00000607, just above the S3 monthly support, and the starting point of a Fibonacci retracement. Depending on how the US session will unfold, expect this to be on the cards in the days to come if markets enter into correction territory or even into a recession. The result would be SHIB shedding 70% of its market value from where it is currently trading. SHIB/USD daily chart Often enough, markets see an uptick after a gloomy negative day like yesterday. Investors start to come in and pick up interesting assets at a discount, and markets finally get to a point where a revaluation trade is made. This could be the same for Shiba Inu, with the 200-day SMA holding its ground, supporting price action, and a bullish candle starting to form with a test at the 55-day SMA around $0.00003395.
Ripple (XRP) Price is ca. $0.6, BTC Wonders Where to Go, ETH is Now $600 Below Magic 3k

Ripple (XRP) Price is ca. $0.6, BTC Wonders Where to Go, ETH is Now $600 Below Magic 3k

Jason Sen Jason Sen 25.01.2022 10:42
Video analysis - Bitcoin collapsed as far as 33000, very close to the 100 week MA at 32000/31500. Clearly there were aggressive buyers waiting with a 4500 pip bounce, hitting the target 37600/800. A high for the day exactly here in fact. Ripple broke the rising 500 day moving average for a clear a sell signal & crashed another 200 pips. Ethereum broke important support at 3050/3000 & the January low at just above 2900 for a very significant sell signal, with 50% losses so far. Update daily at 07:00 GMT Today's Analysis Bitcoin bulls defend the 100 week MA at 32000/31500...for now leaving a bullish candle on the bounce to 37600/800. I would be surprised to see further gains but look for strong resistance at the 500 day moving average at 40100/40200. It is only above 41500 that I can feel more positive although we still have strong resistance at 41400/500. Obviously key support at 33000/31500 now. Longs need stops below 31000. A break lower targets 29000/28500. This is the last line of defence for bulls as a break lower could wipe off another 10,000. Ripple has crashed as expected hitting 5400. We have bounced to the 100 week moving average at 5900/6000 & are actually holding just above here. This gives bulls some hope although I do not think we will hold above here for too long. First resistance at 6560/90 not quite reached yet. Unlikely but further gains meet a sell opportunity at 7250/7350. Stop above 7500. A break higher is a nice medium term buy signal. Buy & hold!! Ethereum has crashed as far as the 500 day moving average at 2300/2250 & an over run to 2150. This is the only support of any importance now. First resistance at 2550/80. Above 2600 however allows a recovery to strong resistance at 2790/2820. A break below 2150 is obviously a significant set back for bulls to say the least - targets are 2200/2170 & 1950/1900. To subscribe to this report please visit daytradeideas.co.uk or email jason@daytradeideas.co.uk No representation or warranty is made as to the accuracy or completeness of this information and opinions expressed may be subject to change without notice. Estimates and projections set forth herein are based on assumptions that may not be correct or otherwise realised. All reports and information are designed for information purposes only and neither the information contained herein nor any opinion expressed is deemed to constitute an offer or invitation to make an offer, to buy or sell any security or any option, futures or other related derivatives.
Ripple (XRP), Ether (ETH) and Bitcoin (BTC) - Video Analysis

Ripple (XRP), Ether (ETH) and Bitcoin (BTC) - Video Analysis

Jason Sen Jason Sen 02.02.2022 14:11
Bitcoin edging very slowly higher but I am not convinced this is the start of a bull trend. Ripple seeing consolidation & narrowing ranges but I do not think this is a base building exercise. Same levels apply for today. Ethereum however is seeing a push higher. Update daily at 07:00 GMT Today's Analysis Bitcoin edging very slowly towards strong resistance at the 500 day moving average at 40400/40600. Above here meets 23.6% Fibonacci resistance at 41400/500. Minor support levels for scalpers are at 37900/700 & 36900/800. Further losses target 36200/36000. Ripple held first resistance at 6560/90 last week as predicted & holding 6300 so far this week. A break below the 100 week moving average at 6000/5900 obviously adds pressure for a retest of the low at 5600/5500. I would not bet on this holding on the next test & a break lower is an obvious sell signal. Look for a test of the last big swing low at 5100/5080. Again I doubt this will hold for long & a break below here is a disaster for bulls. Prices could go in to free fall!!! Gains are likely to be limited & I doubt we will beat resistance at 6560/90. A break higher however meets a sell opportunity at 7350/7450. Stop above 7550. A break higher is a nice medium term buy signal. Buy & hold!! Ethereum tests first resistance at 2800/2820 & holding here as I write. Shorts need stops above 2870. A break higher targets 2920, perhaps as far as strong resistance at 3000/3050. Shorts at 2800/2820 target 2660/20, perhaps as far as 2570/50. To subscribe to this report please visit daytradeideas.co.uk or email jason@daytradeideas.co.uk No representation or warranty is made as to the accuracy or completeness of this information and opinions expressed may be subject to change without notice. Estimates and projections set forth herein are based on assumptions that may not be correct or otherwise realised. All reports and information are designed for information purposes only and neither the information contained herein nor any opinion expressed is deemed to constitute an offer or invitation to make an offer, to buy or sell any security or any option, futures or other related derivatives.
Crypto Airdrop - Explanation - How Does It Work?

Bitcoin (BTC), (XRP) Ripple and Ethereum (ETH) Analysed

Jason Sen Jason Sen 03.02.2022 10:23
Bitcoin we wrote: edging very slowly higher but I am not convinced this is the start of a bull trend. Yesterday we reversed from the trend line - see the video. Outlook remains negative in the bear trend. Ripple seeing consolidation & narrowing ranges but I do not think this is a base building exercise. Same levels apply for today. Ethereum however is seeing a push higher. Update daily at 07:00 GMT Today's Analysis Bitcoin 3 month trend line around 39000 held the bounce - although I had thought we could make it as far as strong resistance at the 500 day moving average at 40400/40600. Above here meets 23.6% Fibonacci resistance at 41400/500. We have reversed to 36900/800. Further losses target 36200/36000 then 34300/34000 before a retest of 33000/32950. Ripple held first resistance at 6560/90 last week as predicted & holding 6300 so far this week. A break below the 100 week moving average at 6000/5900 (tested as I write this morning) obviously adds pressure for a retest of the low at 5600/5500. I would not bet on this holding on the next test & a break lower is an obvious sell signal. Look for a test of the last big swing low at 5100/5080. Again I doubt this will hold for long & a break below here is a disaster for bulls. Prices could go in to free fall!!! Gains are likely to be limited & I doubt we will beat resistance at 6560/90. A break higher however meets a sell opportunity at 7350/7450. Stop above 7550. A break higher is a nice medium term buy signal. Buy & hold!! Ethereum shorts at first resistance at 2800/2820 worked perfectly as we target 2660/20, perhaps as far as 2570/50 today. Further losses are certainly possible eventually to 2520/00 & 2400/2380. On a bounce & retest of resistance, shorts at 2800/2820 need stops above 2870. A break higher targets 2920, perhaps as far as strong resistance at 3000/3050. To subscribe to this report please visit daytradeideas.co.uk or email jason@daytradeideas.co.uk No representation or warranty is made as to the accuracy or completeness of this information and opinions expressed may be subject to change without notice. Estimates and projections set forth herein are based on assumptions that may not be correct or otherwise realised. All reports and information are designed for information purposes only and neither the information contained herein nor any opinion expressed is deemed to constitute an offer or invitation to make an offer, to buy or sell any security or any option, futures or other related derivatives.
Ethereum Price Prediction: ETH targets $3,000

Ethereum Price Prediction: ETH targets $3,000

FXStreet News FXStreet News 04.02.2022 16:06
Ethereum price made a false break below a short-term trend line yesterday.ETH price breaks above $2,695 and is set for a run towards $3,018.This would mean 13% gains for ETH and a more favourable outlook for next week.Ethereum (ETH) price is set to book the best gains it has made for the whole of 2022, as a bullish candle has now formed on the back of a significant support level. With that move, many bears are getting hurt as they probably fell in the bear trap with the false break below the supportive short-term trend line. Expect more upside to come with global markets enjoying the rally in Amazon shares, which is spilling over into cryptocurrencies and lifting sentiment in ETH towards $3,018.ETH bulls are stabbing bears in the back with a trapEthereum price was dangling below a short-term trend line and looked quite heavy after the slippage (https://www.fxstreet.com/cryptocurrencies/news/top-3-price-prediction-bitcoin-ethereum-ripple-crypto-sentiments-rolls-over-as-meta-shakes-nasdaq-202202031412) from META earnings. But that markets can change their minds overnight is proven yet again, after Amazon’s earnings fueled a booster rally which we are seeing today. This has spilled over into cryptocurrencies and is lifting sentiment in ETH prices with a firm break above $2,695, squeezing out bears in the process, who went short on the false break of the trend line, and it is now just a matter of time before they close out and take their losses.ETH price is thus set for a second rally today as those bears will need to revert to the buy-side volume (https://www.fxstreet.com/cryptocurrencies/news/ethereum-price-pushes-higher-eth-targeting-3-500-202202021800) to close and cut their losses. This will add a boost to ETH prices and could see Ethereum bulls hitting the price target at $3,018, taking out the $3,000 level, and setting the stage for next week. With that move, the red descending trend line could be broken, and with that, the downturn since December, finally (https://www.fxstreet.com/cryptocurrencies/news/ethereum-price-pushes-higher-eth-targeting-3-500-202202021800) breaking the chances for bears and setting the stage for a possible longer-term uptrend.ETH/USD daily chartNevertheless, there are still some earnings on the docket for today that could surprise to the downside and see those tailwinds (https://www.fxstreet.com/cryptocurrencies/news/top-3-price-prediction-bitcoin-ethereum-ripple-crypto-markets-to-favor-bears-soon-202202020838) as quickly fade as they came. Expect that with that lack of support, ETH price will collapse back to $2,695 and start to weigh further on the bulls. Should that spiral into equities, pushing them firmly in the red, and impacting safe haven flow – expect a dip back towards $2,600.
Bitcoin, Ethereum, Metaverse Tokens Sink After Holiday Crypto Rally

Top 3 Price Prediction Bitcoin, Ethereum, Ripple: BTC bears to go extinct beyond $53,000

FXStreet News FXStreet News 07.02.2022 16:06
Bitcoin price looks overextended as it grapples with the 50-day SMA and the weekly resistance barrier at $42,816. Ethereum price pierces through the bearish breaker and approaches the 50-day SMA at $3,242. Ripple price approaches the $0.757 to $0.807 supply zone that could cut the uptrend short. Bitcoin price has seen tremendous gains over the past three days as it attempts to overcome a massive hurdle. While altcoins like Ethereum and Ripple have corresponded to this bullishness, investors need to exercise caution with fresh investments as a retracement could be around the corner. Bitcoin price faces a decisive moment Bitcoin price has risen 18% over the past four days and is currently hovering below the 50-day Simple Moving Average (SMA) and the weekly resistance barrier confluence at $42,816. If this uptrend is a bull trap, BTC is likely to see rejection followed by a retracement to the immediate support level at $8,481. A breakdown of the said barrier will knock the big crypto down to $34,752. In an extremely bearish case, Bitcoin price could revisit the $30,000 psychological barrier and collect the liquidity resting below it. BTC/USD 1-day chart If BTC produces a daily candlestick close above the breaker’s upper limit at $44,387, however, it will invalidate the bearish thesis. While this development will alleviate the sell-side pressure, it does not mean that Bitcoin price has flipped bullish. A daily candlestick close above $52,000 will produce a higher high and suggest the possible start of an uptrend. Ethereum price slithers close to bearish thesis invalidation Ethereum price has followed the big crypto and pierced the bearish breaker, ranging from $2,789 to $3,167. Any further bullish momentum will push ETH to climb higher and retest the 50-day SMA at $3,242. Assuming BTC retraces, investors can expect Ethereum price to face rejection at $3,242, leading to a 25% pullback to the weekly support level at $2,324. In a highly bearish case, Ethereum price could revisit the $1,730 weekly support level and collect the sell-side liquidity resting below it. ETH/USD 1-day chart Regardless of the bearish outlook, the Ethereum price can invalidate the short-term bearish outlook if it produces a daily candlestick close above the $3,167 resistance zone. A bullish scenario could be kick-started, however, if buyers push ETH to produce a swing high at $3,413. Ethereum price gains momentum to breakout to $3,300 Ripple price faces a blockade Ripple price broke out of its consolidation and rallied 25% from $0.604 to $0.754. This impressive move is currently retesting the weekly resistance barrier at $0.740, which rests below another hurdle that extends from $0.757 to $0.807. Rejection at this multi-resistance zone seems likely considering the situation in which Bitcoin is in, and investors can expect the Ripple price to retrace 16%, returning to the consolidation zone at $0.628. XRP/USD 1-day chart A daily candlestick close above the supply zone’s upper limit at $0.807 will signal a resurgence of buyers and indicate their willingness to move higher. In this case, Ripple price could set up a higher high by rallying 12% to $0.911.    
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Did Cryptocurrencies Need A Rest Yesterday? Bitcoin Increased By 0.3%, ETH Lost 1.3%

Alex Kuptsikevich Alex Kuptsikevich 09.02.2022 08:27
On Tuesday, Bitcoin showed a growing momentum at the beginning of the day and reached five-week highs above $45,000. After a short-term rise above this level, a corrective decline began in the middle of the day. The benchmark cryptocurrency was losing more than $2,000 despite the rise in stock indices. There was a sharp rebound towards the end of the day and closed the day almost unchanged as a result. Recovery in institutional demand for stocks late in the day on Tuesday helped Bitcoin stay above the 50-day moving average as well. Continued buying on the decline to this level will keep the technical picture bullish as upside momentum develops to $49-50K. A sharp dip lower today or tomorrow will raise the issue of a false break and bring the sellers back into play, heading for $37-38K. It became known that at the end of last week, the Canadian exchange fund Purpose Bitcoin ETF bought 1.75 thousand BTC in two days, which could lead to a sharp increase in prices. In addition, Valkyrie Investments has received approval from the SEC to launch an exchange-traded fund (ETF) based on the shares of companies that receive at least 50% of their profits through mining. At the same time, the US authorities confiscated bitcoins stolen from the Bitfinex crypto exchange in 2016 for $3.6 billion and detained those involved in the hack. The Russian Federation government approved the concept of the Ministry of Finance for the regulation of cryptocurrencies: a joint bill should be ready by February 18. Overall, Bitcoin gained 0.3% on Tuesday, ending the day around $44,200. Ethereum was down 1.3%, while the other leading altcoins in the top ten were mixed from a 5.7% decline (Binance Coin) to an increase of 5.4% (XRP). The total capitalization of the crypto market decreased by 1.2% over the day to $2.09 trillion. The Bitcoin dominance index increased by 0.8% over the day, to 40%.  
Crypto Airdrop - Explanation - How Does It Work?

Top 3 Price Prediction Bitcoin, Ethereum, Ripple: Cryptos to retrace before the bull run

FXStreet News FXStreet News 09.02.2022 16:19
Bitcoin price slows down its ascent after flipping the $42,748 hurdle into a foothold. Ethereum price contemplates a retracement after facing the 50-day SMA at $3,208. Ripple price looks ready for consolidation after a 51% ascent over the past four days. Bitcoin price rally is slowing, allowing bulls to take a breather before the next leg-up. While some might argue the short-term outlook looks bearish – due to the flash crash in January, the bigger picture reveals cryptocurrency (https://www.fxstreet.com/cryptocurrencies) markets still have the potential to go higher. A Wells Fargo report published in February reveals that cryptocurrency adoption is growing exponentially and, in many cases, resembles the growth curve of internet adoption. The American financial corporation even goes on to state the crypto sector could soon exit the initial phases of adoption and enter “an inflection point of hyper-adoption.” Wells Fargo Report: Internet usage history vs crypto users Bitcoin price at a decisive moment Bitcoin price rallied 25% in the last four days and set up a swing high at $45,539.(https://www.fxstreet.com/cryptocurrencies/news/bitcoin-begins-correction-after-45k-rejection-where-can-btc-price-bounce-next-202202081914) The rally rippled out, triggering copycat moves in other altcoins and the cryptocurrency market in general. Yet BTC failed to produce a daily candlestick close above the breaker’s upper limit at $44,387. So, as a result, the bearish outlook is still in play. Investors should be prepared for anything between a minor retracement and a full-blow bear trap. An optimistic scenario will likely see BTC retest the weekly support level at $39,481 before triggering the next leg-up. A more pessimistic scenario, however, would speculate that Bitcoin price could crash to $34,752. A breakdown of this support floor could be the key to triggering a crash to $30,000 or lower. BTC/USD 1-day chart While things look on the fence for Bitcoin price, (https://www.fxstreet.com/cryptocurrencies/bitcoin) a daily candlestick close above $44,387 will invalidate the bearish thesis. A bullish regime, however, will only kick-start if BTC produces a daily candlestick (https://www.fxstreet.com/rates-charts/chart/candlestick-patterns) close above $52,000.   Ethereum price takes a breather Ethereum (https://www.fxstreet.com/cryptocurrencies/ethereum) price seems to be undergoing a pullback (https://www.fxstreet.com/cryptocurrencies/news/ethereum-price-holds-above-3k-but-network-data-suggests-bulls-may-get-trapped-202202090153) as it faces off with the 50-day Simple Moving Average (SMA) at $3,208 while still hovering inside a bearish breaker, extending from $2,789 to $3,167. A rejection here could lead to a retracement to $2,812, where buyers have a chance at restarting the uptrend. Assuming the bullish momentum picks up, there is a good chance ETH could slice through the $3,208 and make a run for the $3,413 hurdle. The local top for Ethereum price could be capped around the convergence of the 50-day and 100-day SMAs at roughly $3,600. ETH/USD 1-day chart On the other hand, if Ethereum price fails to stay above $2,812, it will indicate that buyers are taking a backseat. This development will invalidate the bullish scenario and trigger a crash to the weekly support level at $2,324. Ethereum price could liquidate bulls if ETH falls below $3,000 Ripple price to reestablish directional bias Ripple price broke out of its ten-day consolidation (https://www.fxstreet.com/cryptocurrencies/news/xrp-price-could-easily-return-to-1-under-one-condition-202202081437) and rallied 51% in just four days. This run-up sliced through the $0.740 and $0.817 hurdles, flipping them into support levels. While this climb was impressive, XRP price is likely to retrace as investors begin to book profits. The resulting selling pressure could push Ripple price down to the $0.740 support level where buyers can band together for a comeback. In some cases, the U-turn might not arrive until a retest of the $0.595 to $0.632 demand zone. Regardless, investors can expect XRP price to run up to $1 and collect the liquidity resting above it. XRP/USD 1-day chart On the contrary, if the Ripple price fails to stay above the $0.595 to $0.632 demand zone, it will reveal the lack of bullish momentum and hint that a further descent is likely. In this case, XRP price will sweep below the $0.518 support level to collect the sell-side liquidity resting beneath. XRP price could easily return to $1 under one condition
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BTC Wants To Let Us Forget About January's Lows. On Monday: BTC Decreased By 0.2%, ETH And LUNA Gained

Alex Kuptsikevich Alex Kuptsikevich 15.02.2022 09:28
The first cryptocurrency returned to growth on Tuesday morning, adding 3.3% and rising to 43,500. Technically, BTCUSD held above the 50-day moving average and received support from buyers after another touch of this level. At the same time, however, this average is directed downwards, emphasizing the general downward trend. Cryptocurrencies seem to be once again trying on the role of a safe-haven asset, becoming a little more like gold and a little less like stocks. Although US stock indices were under pressure on Monday, they decided to stop the sharp decline at the end of last week. However, the high-tech Nasdaq ended the day unchanged. European stock indicators showed a noticeable drop under the influence of tensions around Ukraine. On the same background, gold shot up 3% to highs since June last year. It should be understood that in the event of a massive sale of shares, only short-term government bonds will be the protective asset of last resort. Institutions invested $75 million in crypto funds last week, according to CoinShares. Over the past four weeks, net inflows to crypto funds amounted to $209 million. The head of Uber said that the company would definitely start accepting cryptocurrencies in the future. A British crypto investor has announced the creation of a city for crypto investors in the Pacific and expects thousands of supporters from around the world to join soon. The Ministry of Finance of the Russian Federation proposed to limit the investments of unqualified Russian investors in cryptocurrencies to 50 thousand rubles. The agency estimates tax revenues to the budget from the legalization of the cryptocurrency market at 10-15 billion rubles, and the main amount of payments will fall on the miners. Overall, Bitcoin was down 0.2% on Monday, ending the day at around $42,200. Ethereum added 0.1%, while other leading altcoins from the top ten showed mixed dynamics: from a decrease of 1.6% (XRP) to a rise of 2 .2% (Terra). The total capitalization of the crypto market, according to CoinGecko, grew by 0.5% per day, to $1.97 trillion. The BTC dominance index did not change during the day, remaining at the level of 40.7%. The Fear and Greed Index is up 2 points to 46 and is in a state of fear.
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Top 3 Price Prediction Bitcoin, Ethereum, Ripple: Investors spooked by renewed geopolitical tensions

FXStreet News FXStreet News 17.02.2022 16:10
Bitcoin price gets caught in a bearish triangle as tensions in Ukraine flare up again. Ethereum price returns to pivotal support, money repatriation goes into the second day. XRP price in pennant ready for a bearish breakout under the current sentiment. Cryptocurrencies are on the back foot as investors are getting worried about the escalating situation between Ukraine and Russia, as more reports come in from shots in the Donbas region near Luhansk. As the situation does not seem to de-escalate, investors are pulling their money out of what was believed to be the start of a solid and longer-term relief rally that is stalling at the moment. With more downside pressure to come, expect all significant cryptocurrencies to fall back to supportive pivotal levels. Bitcoin price falls into a bearish triangle, set to dip back below $40,000 Bitcoin (BTC) price is getting battered on Thursday after a fade on Wednesday that could still be attributed to some short-term profit-taking. The extension of the falls seems to confirm that sentiment is yet again dipping below zero towards risk-off. Investors pulling out their funds preemptively is reflected with the sharp decline in the Relative Strength Index, where the sell-side demand is outpacing the buy-side demand. In this context, Bitcoin price will remain under pressure for the rest of the week and could be set to slip below $40,000 in the coming days as the situation in Ukraine is set to deteriorate again, potentially inflicting further damage to the market mood. BTC price sees bulls unable to hold price action above $44,088 and in the process is forming a descending trend line that, together with the base at $41,756, is forming a bearish triangle. Expect Bitcoin valuation to decline further as the tensions around Luhansk increase by the hour. Once the $41,756 support is broken, the road is open for a nosedive towards $39,780 with the $40,000 psychological level broken yet again to the downside. BTC/USD daily chart A hail mary could be provided by the 55-day Simple Moving Average at $42,340, which already provided support on February 9 and February 15. With that move, a sudden breakthrough in the peace talks could become the needed catalyst to improve the situation and dislocate Bitcoin price action from the drag of the geopolitical news that is weighing. Bitcoin would see the demand on the buy-side blow up and see a big pop above $44,088. Ethereum bulls are breaking their jaws on the 55-day SMA as the price fades further Ethereum (ETH) price is getting crushed against the 55-day Simple Moving Average (SMA) around $3,143, with bulls unfit to push and try to close price action above it. After three failed attempts in a row, it is becoming clear that the bullish support is wearing thin as, on Tuesday, the daily candle closed above there, and even if the next day ETH price opened above again, it closed below the 55-day SMA. On Wednesday, finally, both the open and the closing price were below the 55-day SMA. This proves that sentiment has shifted in just three trading days and looks set to fade further away from the 55-day SMA on Friday. Expect going forward in the next coming hours that bulls will get squeezed against the wall at $3,018 with both a pivotal level and the $3,000 marker a few dollars below there. As tensions mount, expect some more negative headlines, a breach in defense of the bulls with even the monthly pivot at $2,929 getting involved in the crosshairs. Depending on the severity and the further deterioration of the political situation in Ukraine and the correction in the stock markets, it is possible to see a nosedive towards $2,695. ETH/USD daily chart Global market sentiment is hanging on the lips of Ukraine and the geopolitical situation. With that, it is clear that once the situation gets resolved or de-escalates, markets can shift 180 degrees in a matter of seconds. That same rule applies to cryptocurrencies where Ethereum could pop back above the 55-day SMA and even set sail for $3,391, breaking the high of February and flirting with new highs for 2022. Bulls joining the rally will want to keep a close eye and be mindful of the RSI, as that would start to flirt with being overbought and, from there on, limiting any further big moves in the hours or next trading days to come. Ethereum short squeeze could trigger a spike to $4,000 XRP price set to lose 10% of market value as headline news breaks down relief rally Ripple (XRP) price is stuck in a pennant and is close to a breakout that looks set to be a bearish one. As global markets are continuing the fade from Wednesday, XRP price is breaking below the recent low and sees bears hammering down on the ascending side of the pennant. As more negative headlines cross the wires, expect this to add ammunition for bears to continue and start breaking the pennant to the downside. XRP price will look for support on the next support at hand, which comes in at $0.78, and depending on the severity of the news flow, that level should hold again as it did on February 14. If that is not the caseany further downside will be cut short by the double bottom around $0.75 from February 12 and 13 and the 55-day SMA coming in at or around that area. With that move, the RSI will be triggering some "oversold" red flags and see bears booking profit. XRP/USD daily chart A false bearish breakout could easily see bears trapped on entering on the break to the downside out of the pennant as bulls go in for the squeeze. That would mean that price shoots up towards $0.88 and takes out this week's high. Bears would be forced to change sides and join the buy-side demand to close their losing positions, adding to even more demand and possibly hitting $0.90 in the process. XRP set to explode towards $1.00, bulls hopeful over SEC vs Ripple case
Top 3 Price Prediction Bitcoin, Ethereum, Ripple: Altcoins unpause rally as BTC bounces

Top 3 Price Prediction Bitcoin, Ethereum, Ripple: Altcoins unpause rally as BTC bounces

FXStreet News FXStreet News 21.02.2022 16:08
Bitcoin price is likely to retest $42,748 after bouncing off the $36,398 to $38,895 demand zone. Ethereum price follows BTC and eyes the retest of $3,200. Ripple price kick-starts another consolidation, foreshadowing an explosive breakout to $1. Bitcoin price has retraced after failing to make it over a crucial hurdle. The downtrend was cut short, though, due to the presence of a demand zone. A bounce off this zone is likely to provide Ethereum, Ripple and other altcoin traders a brief opportunity to go long. Bitcoin price to attempt a relief rally Bitcoin price faced intense rejection as it approached the weekly supply zone extending from $45,550 to $51,860. This encounter resulted in a 17% drop to a daily demand zone, extending from $36,398 to $38,895. A retest of this support area is crucial as it will allow Bitcoin price a chance to retry, invalidating the weekly hurdle. From a conservative standpoint, this relief rally is capped at $45,550. In some cases, the uptrend could preemptively stop at $42,748. BTC/USD 1-day chart If Bitcoin price produces a daily candlestick close below $34,752, it will invalidate the bullish thesis and suggest the possibility of further descent. In this case, BTC could slide lower and retest $29,100, collecting the liquidity resting below it. Ethereum price barely survives Ethereum price is in the same boat as BTC as it was rejected by a daily supply zone, extending from $3,188 to $3,393. The resulting correction pushed ETH to an immediate support area, ranging from $2,608 to $2,812. Ethereum price came close to breaching this barrier but managed not to invalidate it. Going forward, ETH will continue to follow BTC’s footsteps and attempt a relief rally. The upside for the smart contract token is capped at the 50-day Simple Moving Average (SMA) at $2,973 or the lower limit of the supply zone at $3,188. A daily close above $3,393 will forecast a possible retest for Ethereum price at the $3,600 level. ETH/USD 1-day chart The breaking point for Ethereum would come with a daily close below the $2,324; this development could crash ETH price to $1,730 to collect liquidity resting below. Ethereum continues to face massive resistance cluster near $3,300, ETH consolidation likely Ripple price coils up again Ripple price has been consolidating since February 12 and is primed for another explosive breakout. An upside move seems likely considering the recent bullish outlook for bellwether influencer BTC. Market makers are likely to push the XRP price to retest the $1 and collect the liquidity resting above it. However, if the bullish momentum flags, the remittance token could produce a local top below at $0.855. XRP/USD 12-hour chart A twelve-hour candlestick close beneath the $0.746 support level will indicate a bearish breakout is underway. This will invalidate the bullish thesis and likely see Ripple price knocked down to $0.679, thereby filling the fair value gap. XRP develops bullish continuation pattern before breakout to $1
Let‘s Try Again

Let‘s Try Again

Monica Kingsley Monica Kingsley 23.02.2022 15:53
S&P 500 had a wild swings day, and didn‘t rise convincingly – credit markets didn‘t move correspondingly either. The upswing looks postponed unless fresh signs of broad weakness arrive. Yesterday‘s session didn‘t tell much either way – the countdown to the upswing materializing, is on even though tech didn‘t take advantage of higher bond prices. That can still come.VIX though reversed to the downside, and the relatively calmer session we‘re likely going to experience today, would be consistent with a modest attempt for stocks to move higher. I‘m though not looking for a monstrous rally, even though we‘re trading closer to the lower end of the wide S&P 500 range for this year than to its upper border. The 4,280s are so far holding but as the Mar FOMC approaches, we‘re likely to see a fresh turn south in the 500-strong index. For now, the talk of raising rates is on the back burner – Europe is in the spotlight.Note that the flight to safety on rising tensions (Treasuries, gold and oil up) didn‘t benefit the dollar. Coupled with the yields reprieve, that makes for further precious metals gains – the bull run won‘t be toppled if soothing news arrives. Likewise crude oil isn‘t going to tank below $90, and remain there. Commodities can be counted on to keep running – led by energy and agrifoods, with base metals (offering a helping hand to silver) in tow. As I wrote weeks ago, this is where the real gains are to be found.Let‘s move right into the charts (all courtesy of www.stockcharts.com).S&P 500 and Nasdaq OutlookS&P 500 volume moved a little up, meaning the buying interest is still there – convincing signs of a trend change are though yet not apparent. Should prices prove to have trouble breaking lower over the next 1-2 days, this could still turn out a good place for a little long positon.Credit MarketsHYG continues basing, and keeps trading in a risk-off fashion, which is why I can‘t be wildly bullish stocks for now. Stock market gains are likely to remain subdued, noticeably subdued – as a bare minimum for today.Gold, Silver and MinersPrecious metals fireworks continue, but a little reprieve is developing – nothing though that would break the bull. The run is only starting, and would continue through the rate raising cycle.Crude OilCrude oil is fairly well bid, and doesn‘t appear to be really dipping any time soon. Oil stocks are preparing for an upswing, and would remain one of the best performing S&P 500 sectors. Tripple digit oil is a question of time.CopperCopper‘s moment in the spotlight is approaching as commodities keeps pushing higher, and base metals are breaking up. All of these factors are inflationary.Bitcoin and EthereumCryptos are attempting to move up today, and further gains are likely. I‘m though looking for the 50-day moving average in Bitcoin (corresponding roughly to the mid Feb lows in Ethereum) to prove an obstacle.SummaryS&P 500 didn‘t break to new lows overnight, and appears to be picking up somewhat today. The anticipated rebound might materialize later today, and would require bond participation to be credible. I‘m not looking for sharp gains within this upswing though – the correction looks very much to have further to run. It‘s commodities and precious metals where the largest gains are to be made, with the European tensions taking the focus off inflation (momentarily). The pressure on the Fed to act decisively, is though still on as various credit spreads tell – and the same goes for the compressed yield curve speaking volumes about the (precarious) state of the real economy.Thank you for having read today‘s free analysis, which is available in full at my homesite. There, you can subscribe to the free Monica‘s Insider Club, which features real-time trade calls and intraday updates for all the five publications: Stock Trading Signals, Gold Trading Signals, Oil Trading Signals, Copper Trading Signals and Bitcoin Trading Signals.
Top 3 Price Prediction Bitcoin, Ethereum, Ripple: Investors fleeing cryptocurrencies as residents flee Kyiv

Top 3 Price Prediction Bitcoin, Ethereum, Ripple: Investors fleeing cryptocurrencies as residents flee Kyiv

FXStreet News FXStreet News 24.02.2022 16:16
Bitcoin price drops 7% on geopolitical news but is close to offering a nice entry-level. Ethereum price deteriorates 10% for the day and still has 7% to go before some solid support is present. XRP price sees early price bounce-off but might be too soon as better entry levels are present further down the line. Cryptocurrencies are waking up to a shocker this morning as the whole Eastern border of Ukraine is under siege of missile attacks by Russia and Belarus. This afternoon, NATO and the EU are scrambling for emergency meetings to further retaliate with sanctions cutting off Russia entirely from the financial system. In the meantime, investors are hoarding cash and pulling out their money into safe havens, but in the process, offering some lovely entry levels for the longer term. Bitcoin price breaks below $36,709 and looks to test support at $32,650, below $33,000 The Bitcoin (BTC) price got slaughtered this morning as the Russian offensive started in early trading hours, shedding 7% of its market value. As it is looking for support, it will be vital for market participants to await the right time to execute any trades. It is too late now for both bears and bulls to get in as markets will or could go either way, and both parties are better off waiting for the right entry-level. BTC price will favour bulls with an entry below the $34,000 key-level as above, for now, no actual entry points are offered. At $32,650, a solid entry-level is offered, going back to June 25. With this, BTC price would need to shed another 5% on top of the 7% it has already lost in early morning trading. Expect this to unfold once the US sessions kicks in and further deterioration of asset prices happens across the board. BTC/USD daily chart Should Putin step up military action, expect to see further deterioration of price action in several asset classes, certainly when civilian casualties are reported. Expect $32,650 to be breached and see BTC further deepen its losses towards $31,322. Following that, the famous distribution zone will have been entered, and short-term bulls and long-term investors will be buying up bits and pieces of the price action for a rebound once the situation stabilises. Ethereum bulls should open up their wallets as price action is set to offer some great entry points Ethereum (ETH) price is nearing some interesting levels as price action dips to the downside in an accelerated move as Russian troops are attacking several important cities in Ukraine. Whilst Europe tries to deal with the situation, more reports have come in of several critical Ukrainian military installations being fired upon by missiles and mortars. Putin proclaimed conducting a military surgical operation to demilitarise the country and succeed. ETH price gets under pressure as investors hoard cash and kick out any risky asset in the process, as Ethereum already lost 10% in early morning trading. Expect more downside to come towards $2,148, losing 18% of its value in the process. At the same time, this is an excellent window of opportunity for investors to buy ETH coins at a very lucrative discount once the situation stabilises. ETH/USD daily chart As this story develops further into the trading day, expect to see a deterioration of ETH price action towards $1,928 or even $1,688 – breaching $2,000, should more reports come in from Russian troops entering mainland Ukraine and taking over control of key cities. That would mean that ETH is set to lose another 17% to 25% in the process as the US session will be expected to deepen the loss intraday. In the meantime, Ethereum price action has entered a distribution zone, offering an excellent opportunity for investors to start building a stake in for any upside potential to come. XRP price is at risk of losing another 25% as first support is being tested Ripple's (XRP) price sees an initial bounce off the $0.6264 level this morning as Europe awakes to some severe military threats spilling over into global markets with risk assets being slashed across the board. XRP price action already shredded 10% at the time of writing and is seen bouncing off technically and recovering back to more moderate levels – but still holding heavy losses. As the situation further develops, expect cryptocurrencies to react instantly in both directions as more headlines and news hit the wires today. Expect $0.6264 not to withstand further selling pressure since the situation remains fragile. As possible combat headlines start to accelerate, expect to see another dip lower in XRP to $0.5852 or even $0.5231, adding another 6% to 16% of losses to the price action. With this, the Relative Strength Index will be diving deeply into oversold territory, making this area an excellent entry level for investors going long once the situation dies down and the market falls back to a more normal level. XRP/USD daily chart In the worst case, XRP could dip below $0.50 and tick $0.48 in the process, the lowest level since June 2021. Depending on the situation expect to see bulls either waiting and holding, or taking the bounce off the historic $0.48 level and the monthly S1 support level, which they may use as a point of entry for going long if the situation calms down in the near future.
Reviewing Bitcoin (BTC), Ripple (XRP) And Ether (ETH)

Reviewing Bitcoin (BTC), Ripple (XRP) And Ether (ETH)

Jason Sen Jason Sen 28.02.2022 08:36
Bitcoin doing very little after holding 300 pips above my next target of 34000. Ripple trying a break above 7270/7370 for a buy signal targeting 7740/7800. Ethereum tests resistance at 2790/2810. Shorts need stops above 2870. A break higher is a buy signal. Update daily at 07:00 GMT Today's Analysis Bitcoin beat first resistance at 36300/400 to test second resistance at 39400/450 but struggling here. Bulls need a break above 40000 to target the 500 day moving average at 42000/200. Unlikely but if we continue higher look for strong resistance at 44100/400. Holding second resistance at 39400/450 targets 38000/37800. If we continue lower look for 36400/36000 & probably as far as 34400/34000. Do not be surprised to see a test of very strong support at 100 week moving average at 33000/800 (today's value). Ripple unexpectedly beat strong resistance at 7270/7370 for a buy signal targeting 7740/7800. If we continue higher look for quite strong resistance at 8000/8100. Shorts need stops above 8200 for a buy signal. Minor support at 7300/7280 but below here can target targets 7090/70, perhaps as far as support at 6890/6870. Ethereum runs as far as resistance at 2790/2810. A high for the weekend possible here but shorts need stops above 2870. A break higher is a buy signal targeting 2900/2920 & probably resistance at 3025/55. Strong support from 2660 down to 2560 should now hold the downside. To subscribe to this report please visit daytradeideas.co.uk or email jason@daytradeideas.co.uk No representation or warranty is made as to the accuracy or completeness of this information and opinions expressed may be subject to change without notice. Estimates and projections set forth herein are based on assumptions that may not be correct or otherwise realised. All reports and information are designed for information purposes only and neither the information contained herein nor any opinion expressed is deemed to constitute an offer or invitation to make an offer, to buy or sell any security or any option, futures or other related derivatives.
Crude Oil Climbs High. Is It Enough to Enjoy a Better View?

Crude Oil Climbs High. Is It Enough to Enjoy a Better View?

Sebastian Bischeri Sebastian Bischeri 07.03.2022 16:45
  The threat of sanctions caused a stir in the markets: WTI spiked above $130 and Brent is nearing the $140 mark. Where is crude oil going next? A possible Western embargo on Russian oil caused oil prices to soar again on Monday, as stock markets feared persistent inflation and a consequent economic slowdown. On the US dollar side, the continued rally of the greenback has propelled the dollar index (DXY) towards higher levels, as it is now approaching the three-figure mark ($100), even though it has not had a huge impact on crude oil, other petroleum products, or any other commodities in general. What we rather witness here is the greenback’s safe haven effect attracting investors, much like gold would tend to act in a “store of value” role. US Dollar Index (DXY) CFD (daily chart) On the geopolitical scene, Russia-Ukraine peace talks will be resumed today in Brest (Belarus) at 14:00 GMT, while another meeting is already scheduled at the Antalya Diplomacy Forum on Thursday in Turkey. Russian Foreign Minister Sergei Lavrov and his Ukrainian counterpart Dmytro Kuleba will talk there in the presence of the Turkish foreign minister. We might therefore expect some de-escalation in the Black Sea basin this week if the two parties involved were able to reach an agreement after further negotiations. WTI Crude Oil (CLJ22) Futures (April contract, daily chart) Brent Crude Oil (BRNK22) Futures (May contract, daily chart) RBOB Gasoline (RBJ22) Futures (April contract, daily chart) Henry Hub Natural Gas (NGJ22) Futures (April contract, daily chart) Regarding natural gas, the U.S. Energy Information Administration (EIA) published its Annual Energy Outlook (AEO) 2022 report, suggesting that even with non-hydro renewable sources set to rapidly grow through 2050, oil and gas-derived sources should still remain the top energy sources to fuel most of the United States. The agency is forecasting a rise in the production of Liquefied Natural Gas (LNG) – which mainly comes from shale gas – by at least 35%! In summary, the threat of sanctions has already wiped out almost all Russian oil – at least 7% of global supply – from the world oil market. In the weeks or months to come, we can see sanctions on Russian oil exports create a boomerang effect on European economies, decreasing world market supply, increasing prices for industry, as well as even more rising expenses, and thus cost of living through a ripple effect. Like what you’ve read? Subscribe for our daily newsletter today, and you'll get 7 days of FREE access to our premium daily Oil Trading Alerts as well as our other Alerts. Sign up for the free newsletter today! Thank you. Sebastien BischeriOil & Gas Trading Strategist * * * * * The information above represents analyses and opinions of Sebastien Bischeri, & Sunshine Profits' associates only. As such, it may prove wrong and be subject to change without notice. At the time of writing, we base our opinions and analyses on facts and data sourced from respective essays and their authors. Although formed on top of careful research and reputably accurate sources, Sebastien Bischeri and his associates cannot guarantee the reported data's accuracy and thoroughness. The opinions published above neither recommend nor offer any securities transaction. Mr. Bischeri is not a Registered Securities Advisor. By reading Sebastien Bischeri’s reports you fully agree that he will not be held responsible or liable for any decisions you make regarding any information provided in these reports. Investing, trading and speculation in any financial markets may involve high risk of loss. Sebastien Bischeri, Sunshine Profits' employees, affiliates as well as their family members may have a short or long position in any securities, including those mentioned in any of the reports or essays, and may make additional purchases and/or sales of those securities without notice.
The Internet of Money - Ethereum (ETH), Ripple (XRP) & Seesaw Protocol (SSW)

The Internet of Money - Ethereum (ETH), Ripple (XRP) & Seesaw Protocol (SSW)

Finance Press Release Finance Press Release 07.03.2022 15:18
Humanity has reached a time where you can literally create your own financial success. The Crypto metaverse has created a revolutionary impact by providing individuals with the opportunity to multiply the money that they have significantly. If you’re ready to dive into the internet of money, be sure to keep your eyes on these three goldmines: Ethereum (ETH), Ripple (XRP) & Seesaw Protocol (SSW). For millenia, institutions, democracy, banking and education have all been organised around hierarchical structures. In these hierarchies, these bureaucracies of people, all of our social relationships were organised by appeals to authority. The internet, on the other hand, brought about a change which led to us transitioning from institutions to platforms. To summarise, we use money to communicate value to one another, to express how much a product, a service, or a gesture means to us. – it’s an ancient technology. Decentralised Finance (DeFi) is a system that is completely international and borderless at the same time – and we've never had a money system like this before. It's a money system that moves at the speed of light, and is accessible to all. Firstly, a DeFi coin worth investing in is Ethereum (ETH). ETH officially launched in 2015 and managed to achieve a soaring 425% increase in value last year. Currently, it remains as the second biggest Cryptocurrency after Bitcoin (BTC). Ethereum can be used for more than just making payments – it's a marketplace of financial services, games and apps that won't steal your information or censor you. According to Coinpedia, ETH can potentially end 2022 between the value of $6,500 and $7,500 if the bullish trend that began in mid-2021 continues. Moving on, Ripple (XRP) is another noteworthy investment. XRP is a Crypto designed for business use that aims to provide a rapid and cost-effective way to move money across borders as tokens can be transferred without the use of a central middleman. Launched in 2012, Coinpedia now predicts that XRP will reach a value between $4 and $6 by 2025, which will illustrate a record level. In the past week, the price of XRP has increased by 8.69%. Furthermore, there's a good chance that market makers will continue to increase XRP’s price due to buy-stop liquidity above $0.85 and $0.91. The Game Changer Lastly, a coin that is highly recommended is Seesaw Protocol (SSW). SSW is a Fully Decentralised and Multi-Chain DeFi Platform that can be used for everyday transactions. The Seesaw Protocol (SSW) token can be swapped across several chains with a commission of less than 1%. Therefore, allowing all users to greatly benefit from this. In addition, users will be able to receive up to 5% pre-sale referral bonuses. Within the last month, the price of its value has increased by an incredible figure of 2000% and reached a spurt of 32% in the last 7 days alone. If you’re yet to invest, don’t worry as it’s not too late, because although we’re passing through pre-sale Phase 2, it’s still early to hop on board and invest in SSW – since it’s still in pre-sale! Investing early, even with a little initial commitment, can yield remarkable benefits. So now is an excellent time to purchase SSW tokens to receive the rewards the token could bring. Furthermore, experts estimate that by the end of the Pre-Sale in April this year, the price of Seesaw Protocol (SSW) will have risen from $0.11 to $0.40-0.45 – illustrating an outstanding expansion of 7000%! Thus far, it is logical for one to conclude that the value of SSW can only grow from here as it has already reached astonishing levels during pre-sale. Overall, the internet of money symbolises a technological innovation that many people fear because it involves such a fundamental change in money. However, it should be perceived with an optimistic approach as DeFi bridges the divide between those who are fortunate enough to have financial privileges and those who do not – there are no entry requirements to join the world of Crypto. Start creating your own financial success by investing in the rising star SSW, receive the bundle of benefits and watch the figures continue to boom. Enter Presale: https://presale.seesawprotocol.io/register Website: https://seesawprotocol.io/ Telegram: https://t.me/SEESAWPROTOCOL Twitter: https://twitter.com/SEESAWPROTOCOL Instagram: https://www.instagram.com/seesaw.protocol
US Inflation Report And Its Impact On The Cryptocurrency Market

It's Not A Surprise Many Investors Wonder Which Altcoins To Buy

Alex Kuptsikevich Alex Kuptsikevich 31.03.2022 08:53
Bitcoin has been losing 0.7% in the last 24 hours to $47K. Ethereum added 0.2%, while other leading altcoins from the top ten rose from 0.3% (XRP) to 8.6% (Solana). BTC is going lower According to CoinGecko, the total capitalization of the crypto market grew by 0.7% over the day, to $2.15 trillion. The dominance index immediately fell by 0.6 points to 41.5% due to the strengthening of altcoins. Cryptocurrency index of fear and greed by Thursday rolled back from 55 to 52 points and is now in a neutral state. Solana led the way with news from NFT platform OpenSea, which announced in April that they would add support for tokens on the SOL blockchain. Bitcoin continues to cautiously retreat lower from its 200-day moving average at $48,200, building up strength ahead of a likely move north. The decline in US stock indices on Wednesday after four days of growth also did not contribute to the positive dynamics. Investors are searching for new ideas The FxPro Analyst Team emphasised the outstripping growth of altcoins: it is worth paying attention to in order to understand that among cryptocurrency traders there are no fears for the sector, but there is a search for new ideas, away from institutional capital and the eyes of politicians. There is an influx of stablecoins to centralized platforms, which may indicate the interest of investors in the upcoming purchases of cryptocurrencies. According to a survey by blockchain company StarkWare, 50% of Americans see cryptocurrencies as the future of the financial system. According to Morning Consult, more than 91% of Americans have already heard about cryptocurrencies, of which 19% are owners of digital assets. Bitcoin miners made $3 billion in three months, according to Coin Metrics. ETH miners earned more in the same time period, about $3.7 billion.
Ethereum Co-Founder Buterin Has Urged Zcash To Switch To PoS

Is There Any Chance Of A Positive Ethereum Price Prediction? Cryptocurrency Ripple (XRP) Price Has Plunged!

Jason Sen Jason Sen 01.04.2022 12:27
Bitcoin bulls held prices above the 500 day moving average at 43600 for a buy signal targeting 46600/800 & the 200 day moving average at 48100/300. A high for the day exactly here & shorts here worked perfectly on the collapse from 48226 to 45800/600 & support at 44200/44000 for an easy 4000 pips. Ripple collapsed from just below very strong resistance at 9140/9160 & broke first support at 8450/00 yesterday to hit the next target of 8050/8000 before a low just 100 pips above support at 7700/7650. Ethereum made a high for the week exactly at key resistance 3450/3500. Shorts worked perfectly on the collapsed as far as support at 3210/3190. Longs need stops below 3150. Update daily by 06:00 GMT Today’s Analysis Bitcoin tests the best support for today at 44200/44000. Longs need stops below 43500. A break lower is a sell signal targeting 42000/41500. This is the last line of defence for bulls – a break below 41000 is a medium term sell signal, initially targeting 40000 & the March low at 37500/37000. Strong resistance at the 200 day moving average at 48100/300 over the weekend. Obviously bulls need a break above 48700 for a buy signal. Ripple holding above 8100 today allows a recovery to first resistance at 8400/8500. If we break higher look for 8730/50, perhaps as far as 8850. Further gains retest very strong resistance at 8950/90. Holding below 8050 tests support at 7700/7650. Longs need stops below 7600. A break lower is a sell signal targeting 7400/7350 then 7000/6950. Ethereum tests support at 3210/3190. Longs need stops below 3150. A break lower targets 312010 then very strong support at 3050/10. :ns 2950. A break below 2850 is a medium term sell signal. Key resistance at 3450/3500. Shorts need stops above 3550. A break higher is another buy signal targeting 3620/30 & 3710/40. Please email me if you need this report updated or Whatsapp: +66971910019 – To subscribe to this report please visit daytradeideas.co.uk or email jason@daytradeideas.co.uk
Bitcoin Is Still Under Strong Pressure From The Downward Trend

Top 3 Price Prediction (BTC) Bitcoin, (ETH) Ethereum, (XRP) Ripple: Official start to recovery rally

FXStreet News FXStreet News 04.05.2022 16:23
Bitcoin price prepares for its ascent to $42,100 after bouncing off a stable support level. Ethereum price needs to overcome the $3,000 barrier to have any chance at revisiting $3,500 or $4,000. Ripple price begins its journey to $0.70 after a recovery above the $0.60 support level. Bitcoin price has kick-started its attempt to move higher, picking up Ethereum and Ripple along with it. Investors can expect BTC to revisit Monday’s high and reevaluate directional bias from there. Bitcoin price begins its journey higher Bitcoin price bounces off the lower trend line of the ascending parallel channel, which is formed after drawing trendlines above and below three sets of higher highs and higher lows. Investors can expect BTC to slice through the 100-day Simple Moving Average (SMA) at $41,009, which is the first major hurdle. Doing so, will allow it to retest the 50-day SMA at $41,921, which coincides with the daily supply zone, extending from $43,981 to $41,921. This area of confluence is where the upside will be capped for the big crypto and would represent a 10% gain. BTC/USDT 3-day chart Regardless of the bullish outlook, a daily candlestick close below the $34,752 support level will invalidate the bullish thesis and trigger a crash to $30,000 or lower. Ethereum price to reverse the trend Ethereum price is in a medium-term ascending channel created by connecting its two higher highs and three higher lows since January 28. The third retest of the lower trend line has shown a bullish reaction – lead cryptocurrency BTC is recovering and influencing the rest of the market. Regardless of the bullishness, ETH needs to flip the 100-day SMA at $2,914 followed by the 50-day SMA at $3,069 to continue rising. This development is key to triggering a move that tags the 200-day SMA at $3,443. While a move to $3,500 is likely, a surge in buying pressure could extend the run-up to the $4,000 psychological level. ETH/USD 1-day chart On the other hand, a daily candlestick close below the weekly support level at $2,541 will indicate a resurgence of selling pressure and invalidate the bullish thesis. This could trigger a further crash to the $2,000 psychological level. https://youtu.be/hDdFa7mu7Jo Ripple price purges sell-side pressure Ripple price purged the downside pressure by collecting the liquidity resting below the $0.60 support after a 30% crash. XRP price has since moved back above the said foothold, indicating that buyers are in control. A resurgence of buying pressure is likely to propel XRP price up to the immediate hurdle at $0.696. Clearing this barrier will present two further resistance levels for Ripple bulls to overcome - the 50% retracement level at $0.735 and the 2022 volume point of control at $0.768. For now, the market structure looks uncertain due to the choppiness of Bitcoin. Therefore, investors can expect a local top to form around $0.768, representing a 25% ascent from the current position at $0.615. XRP/USD 1-day chart A daily candlestick close below the $0.601 support level will produce a lower low and invalidate the bullish thesis. In such a case, XRP price is likely to crash to the $0.548 support level. https://youtu.be/hBoG1pklXYI
Ripple (XRP) Moved Up But Bearish Scenario Has Not Been Cancelled Yet

Altcoins: Where Ripple (XRP) Price Could Bottom And How To Reenter The Market

FXStreet News FXStreet News 12.05.2022 16:35
XRP price is hovering around the $0.395 weekly support level, trying to discern the directional bias. A breakdown of this barrier could knock Ripple by 50% to the volume point of control at $0.186. If buyers manage to recover above the $0.621 barrier, it will invalidate the bearish thesis. XRP price shows an interesting outlook as it crashes below multiple support levels on a weekly time frame. This bearish outlook is inescapable as the LUNA-UST kingdom collapses. The domino effect is not just felt by BTC but also by the entire ecosystem. Despite the brutality witnessed over the past week, more could be around the corner, which could drive Ripple further down. XRP price at make or break levels XRP price has been producing lower highs since April 12 swing high at $1.96, with the swing lows forming a base around the $0.621 support level. This consolidation was seen for over a year before a decisive breakdown was seen in the second week of May. Read next: Stablecoins In Times Of Crypto Crash. What is Terra (UST)? A Deep Look Into Terra Altcoin. Terra - Leading Decentralised And Open-Source Public Blockchain Protocol | FXMAG.COM Since then, XRP price has crashed 32% to where it currently trades at $0.382. The massive downturn comes as the entire crypto market is in a selling frenzy after the 98% crash in LUNA price due to the instability of the UST peg. While the $0.395 weekly support level seems to have it under control, things are not as simple as they seem from the outside. As Bitcoin hovers around $28,200, the chances of a relief rally are high, especially since it has dipped into most of the 2021 liquidity pools. However, a further descent in the big crypto’s market value will cause XRP price to shatter the aforementioned support level. The remittance token could then crash by 53% to retest the volume point of control at $0.186 for the price action since 2017. Read next: Altcoins: What Is Polkadot (DOT)? Cross-Chain Transfers Of Any Type Of Asset Or Data. A Deeper Look Into Polkadot Protocol | FXMAG.COM This point is where the highest volume for XRP price was traded since 2017, making it a critical inflection point. Thus, the $0.186 level will likely serve as stable support and see accumulation come into the picture. Regardless, the point still stands – a 50% crash is on the cards for XRP price if it fails to hold above the $0.395 foothold. XRP/USD 1-week chart Further representing the grim and oversold nature of XRP price is the 365-day Market Value to Realized Value (MVRV). This on-chain metric determines the average profit/loss of investors that purchased XRP over the past year. A negative value indicates that the market participants are at a loss and are less likely to sell, representing an opportunity to accumulate for long-term holders. Historical data notes that the recent sell-off for XRP price puts the 365-day MVRV at -53%. These levels were last seen in October 2015, when Ripple was hovering around $0.0046. This outlook represents the massively unprecedented sell-off and, from a long-term perspective, could be a good place to accumulate. Still, a further crash in Bitcoin price could completely annihilate the current support level and knock the remittance token down by 50% XRP 365-day MVRV It is worth noting that if the bulls manage to kick-start a recovery at $0.395, pushing Ripple toward $0.621, it may encourage sidelined investors to reenter the market. Under these conditions, buyers would have to push XRP price above the $0.621 barrier on a weekly chart to invalidate the bearish thesis. This development could propel the remittance token to sweep the $0.917 equal highs formed on February 7 and March 28.  
Ripple (XRP) Moved Up But Bearish Scenario Has Not Been Cancelled Yet

Altcoins: Ripple Crypto - What Is Ripple (XRP)? Price Of XRP

Rebecca Duthie Rebecca Duthie 20.05.2022 13:37
Summary: What is the Ripple Platform and how does it work? Advantages of the Ripple exchange. Ripple’s past, present and future price positions. The Ripple Network Ripple was founded in 2012 and was based on the founder of the ripple ledger, Ryan Fugger. The ledger is a cryptographic ledger powered by a peer-to-peer network of nodes. The purpose of Ripple is to service the needs of the financial services industry. The XRP token consistently ranks in the top 10 cryptocurrencies in terms of market capitalization. Peer-to-peer networks refers to the direct exchange of an asset between individuals, the transaction does not involve a central authority. XRP is the native cryptocurrency of Ripple Labs Inc, a cryptocurrency payment system. XRP is Ripples digital asset used for global payments, the cryptocurrency allows the transferring of payments at very low cost which aims to attract the attention of banks and retailers. Ripples superpower is the combination of extremely low costs and completing the transaction in under 5 seconds. Read next: Altcoins: What Is Litecoin (LTC)? A Deeper Look Into The Litecoin Platform| FXMAG.COM What makes Ripple Unique? Ripple is a cryptocurrency platform that has been sharpened for over a decade. Ripple is known to be a cryptocurrency built for business use. Ripples enterprise-grade solutions are quicker, more cost-effective and more transparent than the more traditional form of financial assets. The Ripple users use these solutions to facilitate instant payments, find and buy crypto, engage audiences, grow their treasury, drive new revenue and lower capital requirements. Read next: Altcoins: What Is Monero? Explaining XMR. Untraceable Cryptocurrency!? | FXMAG.COM Ripple offers innovation for businesses, governments, financial institutions and more. The Ripple platforms allow for cross border payments to enhance payments with real-time settlement, liquidity management and better access to working capital. Ripple also creates crypto liquidity through the use of an all-in-one platform to hold, trade and buy digital assets, delivering the crypto services users’ customers want. CBDCs implement a scalable, secure, and sustainable central bank digital currency that meets the high security standards of a normal central bank. How does XRP work? Unique mining process: Ripple doesn’t mine, the XRP ledger was pre-mined. 100 billion XRP tokens were created and are released publicly periodically. This has raised concerns that if too many coins are released at once, diluting the value of XRP, this is because part of what gives XRP its value is its scarcity. Ripple owns a portion of XRP, this acts as an incentive to help the crypto grow and be successful over time. The maximum supply of XRP is 100 billion, the current circulating supply 48.34 billion tokens. The current market cap of XRP is around $20.742 billion. XRPs Ripple network somewhat centralizes the network and uses a consensus protocol. Anyone can download and use its validation software, it maintains a unique node list, users can select this list and use it to find participants who they believe are least likely to defraud them. Advantages of Holding XRP: Fast settlement: the confirmation of transactions is very fast, the average time is around 4-5 seconds per transaction. Very low fees: the cost to complete a transaction through the ripple platform is the equivalent of 0.00001 XRP. Versatile exchange network: Ripple platform users are not limited to transactions of only ripple, they can also process fiat currencies and other cryptocurrencies Used by large financial institutions: large enterprises have the opportunity to use Ripple as a transactions platform. Santander and Bank of America are 2 large financial institutions currently using the ripple platform, this is an indication that Ripple network has larger institutional adoption in the market than most cryptocurrencies. Past, present and future prices of Ripple In 2018, the price of Ripple XRP skyrocketed. After the sharp increase in price the value of the token fell drastically. Since then the price of the token has not seen any drastic movements. The price did start to increase again in early 2021 but has since seen some volatility and has not managed to find a particular trend. In the present economic conditions, the global markets, including the crypto market ,have seen a lot of volatility. It has become increasingly clear to market participants that inflation and wider market conditions affect the crypto market too. Read next: Altcoins: What Is Polkadot (DOT)? Cross-Chain Transfers Of Any Type Of Asset Or Data. A Deeper Look Into Polkadot Protocol | FXMAG.COM In the future some analysts predict that the price of XRP could reach more than $10 by 2030. However, the crypto markets are volatile and so it is difficult to make accurate predictions. XRP Crypto Price Chart How to buy XRP Users need to find an alternative cryptocurrency exchange to the popular ones, such as Coinbase, Gemini or eToro. Uphold could be an option or purchase outside the U.S or take chances on a decentralised exchange. Follow FXMAG.COM on Google News Sources: coinmarketcap.com, ripple.com, time.com, challengelly.com, forbes.com
Bitcoin Price (BTC/USD) Is In Tight Consolidation! Which Direction Will It Strike? | Geco.one

Bitcoin Price (BTC/USD) Is In Tight Consolidation! Which Direction Will It Strike? | Geco.one

Geco One Geco One 23.05.2022 14:45
Bitcoin fell between 5-12 May 2022 by over $13,000, i.e. over 33%. It increased the range of the ongoing from 28 March 2022 depreciation to over $21,000, i.e. 44%. In turn, counting from the peaks of November 2021, BTC decreased by over $42,000, i.e. 61%. Bitcoin Price (BTC/USD) Such a significant sale caused the exchange of the oldest virtual currencies to drop from $69,000 to below $27,000, which was the lowest level since December 2020. It is noteworthy that this trend did not stop around the critical level of support of $29,000, where various types of demand reactions have occurred many times in the past. It was no different now. This time, however, the rebound turned out to be extremely modest, and as a result, Bitcoin found itself in a horizontal trend. Considering that the consolidations are corrective formations, statistically, more often, the market will push out of this type of system in the direction consistent with the earlier move. This particular case increases the risk of a potential bottom breakout, which could signal a potential for further declines to the $24,000 region or even below $20,000. This scenario may also be supported by the fact that the upper limit of this system coincides with the measurement of 38.2% Fibonacci correction from an earlier downward impulse. Ethereum Price (ETH/USD)  The current situation on the Ethereum quotes is also identical. The price of this cryptocurrency fell between 3 April and 12 May this year by 52%, dropping to the Tech Support area of $1,750, the lowest level since July 2021. However, taking into account that the demand response that appeared around this support was much more modest than the rebound observed in this area already in May, June and July 2021, one can assume that in the end, it will turn out to be only a correction, after which the ETH rate will return to around $1,750. Read next: Altcoins: What Is Litecoin (LTC)? A Deeper Look Into The Litecoin Platform| FXMAG.COM A permanent drop below this price level could open the door for further declines to $1,400. There is another significant support around which we could expect a greater demand response. It is worth mentioning here, however, that although the consolidations are corrective formations, there is no rule determining when the market should break out of the system. This fact means that, although the statistics favour further declines before they happen, the ETH exchange rate may remain in the range of $1,900 to $2,150 for some time. (XRP) Ripple Price Looking at the XRP quotes, we can see that the price of this cryptocurrency fell between 28 March and 12 May this year by over 63%. This sell-off led to the breach of several important support zones and did not stop until around $0.36, where on 12 May this year, there was a demand response. Read next: Altcoins: Ripple Crypto - What Is Ripple (XRP)? Price Of XRP | FXMAG.COM However, the subsequent rebound did not last too long. As a result, the XRP price has remained in the horizontal trend for several years. It assumes a return to the vicinity of $0.36 seems more likely. If, however, this support was permanently defeated, then the quotations of this cryptocurrency could even move towards $0.20. Binance Coin (BNB) The current situation on Binance Coin's quotes is also very interesting. The price of this cryptocurrency fell between 7 November 2021 and 12 May 2022 by over 67%. This sale only stopped around $260 technical support - on Thursday, 12 May this year, there was a demand response. Due to the rebound that has continued since then, the BNB price has risen by more than 51%, thus returning to the area of ​​previously defeated support (now resistance) of $330. If a larger supply relationship is around this level, signalling its potential rejection, the BNB price could return to around $260 or even drop further to the $200 region. It’s finally time to get down to business. Start serious trading with Geco.one - top 20 cryptocurrencies, 1:100 leverage, staking, low fees, intuitive design, no KYC. Trading on derivatives has never been easier. Join us https://app.geco.one Follow FXMAG.COM on Google News
Crypto: Extreme Fear!? Bitcoin Price (BTC/USD) Is Stable, But Ether’s (ETH) Performance Reflects The Pressure. What About Ripple And Stellar? | FxPro

Crypto: Extreme Fear!? Bitcoin Price (BTC/USD) Is Stable, But Ether’s (ETH) Performance Reflects The Pressure. What About Ripple And Stellar? | FxPro

Alex Kuptsikevich Alex Kuptsikevich 26.05.2022 09:34
Bitcoin ignored the positive dynamics of US stock indices on Wednesday, further reducing the amplitude of its fluctuations. The first cryptocurrency has been moving in a $29.5-30.0K range since the start of active trading in New York. We caution that this reduction in volatility risks turning into an explosion in the near term, potentially setting off momentum for a few days or weeks. BTC Price A formal break of consolidation would be considered a consolidation beyond the previous local extremes, which are located at $30.2K and $29.3K. Going beyond those limits in a sharp move promises to trigger a wave of liquidation of positions that the bulls and bears have brought closer to the current price due to low volatility and bored speculators in recent days. Outside of Bitcoin, the situation is more worrying. The total capitalisation of the crypto market, according to CoinMarketCap, has fallen 1.6% in the last 24 hours to $1.25 trillion. Bitcoin’s dominance index is 0.4 points to 45.1%. Ether Price (ETH/USD) Ethereum lost 3%, dropping to 1915, the lower end of a steady trading range for the past two weeks. The daily candlestick chart clearly shows a sequence of increasingly lower local highs. This dynamic is a sure sign of a sustained sell-off in crypto, temporarily covered by Bitcoin’s stability. Read next: Altcoins: What Is Polkadot (DOT)? Cross-Chain Transfers Of Any Type Of Asset Or Data. A Deeper Look Into Polkadot Protocol | FXMAG.COM Bitcoin’s stability against such an external backdrop may be nothing more than a temporary consolidation of capital in the most liquid cryptocurrency and is supported by improved sentiment in stocks. Crypto Fear And Greed Index The cryptocurrency Fear and Greed Index was up 1 point to 12 by Thursday and remains in “extreme fear”. Ripple lawyer Stuart Alderoty criticised the stance of US Securities and Exchange Commission Chairman Gary Gensler and the SEC’s desire to seize administrative control of the cryptocurrency market. Stellar will provide its technology to the Central Bank of Brazil to develop the digital currency. Follow FXMAG.COM on Google News
Ripple (XRP) Moved Up But Bearish Scenario Has Not Been Cancelled Yet

How Have Ripple Price Changed? Trading (Ripple) XRP Amid Crypto Market Crash? Trading plan for Ripple for June 17, 2022

InstaForex Analysis InstaForex Analysis 17.06.2022 15:50
Relevance up to 15:00 UTC+2 Company does not offer investment advice and the analysis performed does not guarantee results. The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.   Technical outlook: Ripple dropped through the $0.29300 lows early this week before finding support again. The crypto confirmed a bullish Morning Star candlestick pattern after bouncing from the above and rose up to the $0.34600-700 mark thereafter. High probability remains for bulls to hold prices above $0.29300 and continue pushing higher towards the $0.41000 initial resistance in the near term. Ripple has been dropping since reaching the $1.91600 level, which was registered in April 2021. The above drop looks like a complex corrective structure, which was completed around $0.29300 early this week. A break above the initial price resistance seen through the $0.41000 mark would confirm that bulls are back in control in the near term. Ripple might continue its drop further but ideally after a meaningful corrective rally towards at least the $0.91500 level. Please note that it is passing close to the 0.382 Fibonacci retracement of the entire drop between the $1.91600 and $0.29300 levels respectively. Traders might be willing to initiate fresh long positions against the $0.29300 mark. Trading plan: Potential rally through $0.91500 against $0.29300 Good luck!   Read more: https://www.instaforex.eu/forex_analysis/280645
Ripple (XRP) Moved Up But Bearish Scenario Has Not Been Cancelled Yet

Cryptocurrency: (XRP/USD) Ripple - Technical Look And Expectations - 18/08/22

InstaForex Analysis InstaForex Analysis 18.08.2022 15:28
Relevance up to 11:00 2022-08-19 UTC+2 Company does not offer investment advice and the analysis performed does not guarantee results. The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade. Ripple was traded at 0.3757 at the time of writing. In the short term, the altcoin seems undecided. It continues to move sideways even though Bitcoin announced a potential deeper drop. XRP/USD is fighting hard to resume its leg higher but the near-term resistance levels stopped the bullish momentum. In the last 24 hours, Ripple has gone down by 0.62% and by 1.15% in the last 7 days. XRP/USD Extends Its Sideways Movement     XRP/USD is trapped between 0.3870 and 0.3592 levels. The buyers seem exhausted after failing to take out the near-term upside obstacles. Still, as long as it stays above the uptrend line, the altcoin can try to resume its growth. The descending pitchfork's upper median line (uml) represents dynamic resistance. Staying below it and making a new lower low may activate more declines. XRP/USD Forecast A new higher high and a valid breakout above the R1 (0.3920) may announce further growth and could bring new long opportunities. On the other hand, making a valid breakdown through the uptrend line and below 0.3592 could activate more declines.   Read more: https://www.instaforex.eu/forex_analysis/289059
Ripple (XRP) Moved Up But Bearish Scenario Has Not Been Cancelled Yet

The Ripple Rose, Will The XRP Price Trade Up?

InstaForex Analysis InstaForex Analysis 22.09.2022 13:52
The price of Ripple was trading in the green at 0.4265 at the time of writing and it seems determined to approach and reach new highs. Technically, the price action signaled exhausted sellers and a potential upside movement. XRP/USD increased by 27.58% from Monday's low of 0.3398 to 0.4335 yesterday's low. Ripple is up by 5.30% in the last 24 hours and by 26.09% in the last 7 days. Still, a larger growth needs strong confirmation. XRP/USD Downside Is Over! As you can see on the H4 chart, the price came back above the ascending pitchfork's median line (ML) and above the 0.4098 static resistance signaling strong upside pressure. Personally, I've drawn the ascending pitchfork hoping that I'll catch a long opportunity. The price retested the lower median line (LML) validating the pitchfork. Stabilizing above these broken levels mays signal further growth. XRP/USD Forecast! Coming back to test and retest 0.4098 and the median line (ML), registering false breakdowns could announce a fresh bullish momentum from above these broken resistance levels. This scenario could bring long opportunities. Also, a bullish closure above the R2 (0.4350) could activate further growth towards the upper median line (UML).     Relevance up to 13:00 2022-09-23 UTC+2 Company does not offer investment advice and the analysis performed does not guarantee results. The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade. Read more: https://www.instaforex.eu/forex_analysis/293842
Bitcoin Has Been Trading The Bottom Line, Will Be Further Rally?

Cryptocurrency: Bitcoin Up, Ethereum Price Found Support, Ripple Price (XRP) Jumped!

Alex Kuptsikevich Alex Kuptsikevich 23.09.2022 10:17
Ethereum plunged below $1300 Bitcoin has gained 3.8% in the last 24 hours to $19.4K. Quotes have stabilised near the lower bound of the three-month range. Ethereum gained temporary support after falling below $1300 and is up 6.7% in 24 hours. XRP jumped 28% overnight and 66% over the week to $0.54, posting the highest gain among top-100 cryptocurrencies. There are rumours that crypto whales have switched from ETH to XRP after the SEC and Ripple Labs asked the court to speed up hearings for their case. Other top altcoins are rising between 4.5% (BNB) and 7.1% (DogeCoin). Despite this upward move, the technical picture does not yet point to a break in the downtrend, and widespread monetary policy tightening leads us to expect further pressure on markets. On the other hand, we see precious metal prices rising with a 5% increase in crypto market capitalisation over the past 24 hours. This could be the start of a new trend, where investors are looking at alternatives as a safe haven for capital due to concerns over the solvency of countries. Cryptocurrencies amid macroeconomic realties Changpeng Zhao, CEO of the world's largest cryptocurrency exchange Binance, said bearish trends are common and healthy for the crypto market. He said the crypto industry still has room to grow, while inflation and rising energy prices have drawn attention to cryptocurrencies. According to Oklink, the recent drop in Ethereum resulted from miners' activation. Mining pools have dropped almost 17,000 ETH in the last seven days alone. Read next: Forex: Finally Bank Of Japan (BoJ) Intervened! Euro: Could Today's Speeches Support Euro?| FXMAG.COM The final version of the European Draft Crypto Asset Markets Act (MiCA) equates NFTs with securities. Technically, the MiCA is still open for amendments, but other reports suggest that the European Union has finalised the bill's full text.
Does Ripple (XRP/USD) Move As Expected This Time?

Does Ripple (XRP/USD) Move As Expected This Time?

InstaForex Analysis InstaForex Analysis 23.09.2022 14:23
Ripple extended its growth as expected in the short term. You knew from my previous analysis that XRP/USD signaled strong buyers and an upside continuation. Now, it is traded at 0.4868, far below 0.5582 today's high. The altcoin increased by 64.30% from Monday's low of 0.3398 to 0.5582 daily high. XRP/USD retreated which was natural after its amazing rally. It could test and retest the near-term support levels before jumping higher. XRP/USD Temporary Retreat? You knew from my previous analysis that XRP/USD could resume its upwards movement after coming back above 0.4098 and above the median line (ML). I've told you that a new higher high, a bullish closure above the R2 (0.4350) could activate more gains. Now, it has found resistance at the first warning line (WL1) of the ascending pitchfork. It has registered only a false breakout with great separation before crashing. XRP/USD Forecast! The sell-off could be only a temporary one. The upper median line (UML), R3 (0.4730), and 0.4639 represent downside obstacles. Testing and retesting these levels, registering only false breakdowns could signal new bullish momentum. This scenario could bring new long opportunities.   Relevance up to 14:00 2022-09-24 UTC+2 Company does not offer investment advice and the analysis performed does not guarantee results. The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade. Read more: https://www.instaforex.eu/forex_analysis/294017