Bitcoin Price Weekly Analysis: BTC Approaching Significant Break

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

Bitcoin Price Watch: BTC Primed To Break $4K

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

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

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

XRP Bullish, Break Above 40 Cents Vital For Bulls

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

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

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

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

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

Bitcoin Price Watch: Break Above $3,700 Could Push BTC Higher

Key Points Bitcoin price recovered recently and moved above the $3,500 resistance against the US Dollar. There is a key bearish trend line in place with resistance at $3,590 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price must break the $3,590 and $3,650 resistance levels to gain bullish momentum. Bitcoin price is facing a solid resistance near $3,600-3,700 against the US Dollar. BTC must move past the $3,700 pivot zone to accelerate gains towards $4,000. Bitcoin Price Analysis There was a decent support base…

Bitcoin Price Watch: Break Below $6,390 Could Accelerate Losses

Key Points Bitcoin price is trading above the important $6,390 support area against the US Dollar. Yesterday’s highlighted major bullish trend line is intact with support at $6,390 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price must stay above the $6,390 support to avoid a downside break. Bitcoin price is struggling to stay above $6,390 and $6,400 against the US Dollar. BTC/USD must clear the $6,430 and $6,450 resistance to climb higher. Bitcoin Price Analysis There was a slow and steady decline from the…

Ripple Price Analysis: Break Above $0.4550 Could Push XRP Higher

Key Highlights Ripple price is struggling to clear the $0.4540 and $0.4550 resistance levels against the US dollar. There is a major bearish trend line in place with resistance at $0.4540 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair must clear the $0.4540, $0.4550 and $0.4610 resistance levels to accelerate higher. Ripple price is preparing for the next break against the US Dollar and Bitcoin. XRP/USD remains supported on dips near $0.4410 for an upside break. Ripple Price Analysis There were mostly range moves…

Bitcoin Cash Price Analysis: BCH/USD Primed To Break $530

Key Points Bitcoin cash price is trading with a positive structure above the $510 support against the US Dollar. There is an ascending channel in place with support at $520 on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair is likely to move higher above the $530 and $540 resistance levels in the near term. Bitcoin cash price is consolidating above $520 against the US Dollar. BCH/USD could accelerate higher once buyers clear the $530 resistance area. Bitcoin Cash Price Analysis Yesterday, we saw a…