Day: January 30, 2020

Ripple started a fresh decline after it failed to surpass the $0.2400 resistance against the US Dollar. XRP price might revisit the $0.2250 support area before a new bullish wave. Ripple price is declining and it seems like the bears protected the $0.2400 resistance against the US dollar. The bulls failed to keep the price above the $0.2350 support area. There was a break below a key triangle support at $0.2365 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair remains at a risk of…

A greater share of value is being transferred via stablecoins over the ethereum network than its own native cryptocurrency ether (ETH), according to research conducted by crypto data aggregate Messari. In a recent tweet, research analyst at Messari, Ryan Watkins said stablecoin transfer value had “flipped” ethereum’s native currency, ETH. “This is largely the story of Tether (USDT) transitioning to Ethereum. On a weekly basis, the flip occurred mid-2019. Since then the change is striking,” Watkins said. The outstripping of ETH by stablecoins on its own network signifies a major…

Bitcoin’s firm 2020 uptrend has allowed major altcoins to incur some much-needed momentum, with many major cryptos currently pushing up against key multi-year resistance levels that have been suppressing their price action for years. This positive price action over the past month may be enough to break the firm bear market that altcoins have been caught within and lead some major cryptocurrencies – like Litecoin and others – to see some massive momentum. Altcoins Begin Breaking Key Resistance Levels as the Crypto Market Shows Signs of Bullishness Most major cryptocurrencies…