Day: August 12, 2019

Ripple Price (XRP) Could Recover While BTC and ETH Facing Hurdles

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Ripple price started an upside correction after trading to a new monthly low at $0.2897 against the US dollar. The price is trading above the $0.3000 level, with a few positive signs. There was a break above a crucial bearish trend line with resistance near $0.2990 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair is likely to continue higher once it breaks the $0.3060-$0.3075 resistance area. Ripple price is currently correcting losses against the US Dollar, while bitcoin is facing hurdles. XRP price could…

Ethereum Price (ETH) Near Inflection Point With Bearish Angle

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ETH price started a short term upside correction from the $201 low against the US Dollar. Ethereum price is currently trading near the key $215 resistance area and is showing bearish signs. There is a key ascending channel forming with support near $212 on the hourly chart of ETH/USD (data feed via Kraken). The pair could either continue to rise above the $215 resistance or it might resume its downward move. Ethereum price is trading near a major resistance versus the US Dollar and bitcoin. ETH price is likely to…