Ripple Price Analysis: XRP’s Trend Overwhelmingly Bullish Above $0.3200

Ripple price rallied recently and broke the $0.3000, $0.3150 and $0.3250 resistances against the US dollar. There was a break above two bearish trend lines with resistance near $0.2920 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair traded above the $0.3320 level and it is currently correcting gains towards the $0.3210 support. Ripple price jumped back sharply in the bullish zone against the US Dollar and Bitcoin. XRP/USD is trading with a positive bias and dips remain supported near $0.3200. Ripple Price Analysis After…

Centralized Exchanges Still Overwhelmingly Dominate Market, New Report Shows

Despite a significant uptick in the creation of decentralized crypto exchanges (DEX) in 2018, their centralized counterparts continue to control the lion’s share of global industry trade volumes. The finding was reported in the 2018 Cryptocurrency Exchange Annual Report from crypto and blockchain research organization TokenInsight, shared with Cointelegraph Jan. 21. TokenInsight’s report, which has reportedly analyzed data from over 400 global crypto exchanges, indicates that DEX account for just 19 percent of the global exchange ecosystem. Further, the trading volumes on DEX amount to less than 1 percent of…

Bitcoin Price Watch: BTC’s Trend Overwhelmingly Bearish Below $3,600

Bitcoin price failed to break the $3,750 resistance and declined sharply against the US Dollar. There was a break below a crucial bullish trend line with support at $3,620 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price is currently recovery, but it likely to face a strong selling interest near $3,560 and $3,600. Bitcoin price fell significantly below the $3,600 support against the US Dollar. BTC is currently trading in a downtrend and it could resume its decline if it fails to surpass $3,600.…

Bitcoin Price Watch: BTC Breaks $4,000, Trend Overwhelmingly Bullish

Key Points Bitcoin price extended gains and broke the $4,000 and $4,050 resistances against the US Dollar. Yesterday’s key bullish trend line is in place with support at $3,850 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price is currently consolidating gains above $3,770 and it may continue to rise in the near term. Bitcoin price broke the key $4,000 resistance and later corrected lower against the US Dollar. BTC is in an uptrend and dips remain supported near $3,850 or $3,770. Bitcoin Price Analysis…

Bitcoin Price Watch: BTC/USD’s Trend Overwhelmingly Bullish

Key Points Bitcoin price surged higher and broke a crucial resistance near $6,380 against the US Dollar. There is a new key bullish trend line forming with support at $6,480 on the hourly chart of the BTC/USD pair (data feed from Kraken). The BTC/USD pair is currently correcting lower, but it is likely to find support near $6,640 and $6,600. Bitcoin price surged above $6,700 against the US Dollar. BTC/USD is now placed in an uptrend with supports near $6,600 and $6,540 on the downside. Bitcoin Price Analysis Bitcoin price…

Bitcoin Price Watch: BTC/USD Trend Overwhelmingly Bearish

Key Points Bitcoin price declined further and broke a key support at USD 6,300 against the US Dollar. There was a break below a contracting triangle with support at $6,310 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair is currently under pressure and it remains at a risk of more losses below $6,200. Bitcoin price dropped significantly below $6,300 against the US Dollar. BTC/USD is accelerating losses towards the next supports at $6,100 and $6,050. Bitcoin Price Analysis Bitcoin price started a short-term correction…