“You may understandably ask what has changed in the past 12 months,” TrueLayer CEO Francesco Simoneschi said in the blog post. “We are now operating in a very different context and more challenging market conditions. TrueLayer, while being in a position of strength, is not immune to these broader factors.” Source
On Thursday, the cryptocurrency market experienced another roller-coaster day, with some coins declining. One such example is Bitcoin which fell 5.9% to $39,432 when writing these words. The bitcoin market is still bearish, with prices dipping below $40,000 today. This comes after a slew of positive news about US President Joe Biden’s executive order that will likely focus more on the crypto sector. The crypto markets were not looking very promising today, with Bitcoin declining heavily and many other coins dropping as well. For example, Ether, the second-largest cryptocurrency, fell…
Ripple failed to stay above $0.5550 and declined over 10% against the US Dollar. XRP price could accelerate lower if it fails to stay above the 100 SMA (H4) and $0.4850. Ripple started a fresh decline after it struggled to clear the $0.6500 resistance against the US dollar. The price is now trading well below $0.5500 and it is testing the 100 simple moving average (4-hours). There was a break below a major bullish trend line with support near $0.5300 on the 4-hours chart of the XRP/USD pair (data source…
Ripple price is currently declining from the key $0.2320 resistance area against the US dollar. The price is now trading below $0.2260 and it is showing a few bearish signs. Yesterday’s major bullish trend line was breached with support near $0.2280 on the hourly chart of the XRP/USD pair (data source from Kraken). Ethereum is also struggling and it is declining towards the $144 support area. Ripple price is under a minor bearish pressure against the US Dollar, similar to bitcoin. XRP price remains at a risk of a drop…
Ripple price declined recently after it failed to climb above the $0.3030 resistance against the US dollar. The price is currently trading below $0.2950, but it is holding the key $0.2850 support area. There was a break below a key bullish trend line with support near $0.2940 on the hourly chart of the XRP/USD pair (data source from Kraken). There could be a short term upward move, but the price might struggle to clear the $0.2950 resistance. Ripple price is correcting gains against the US Dollar and bitcoin. XRP price…
Ethereum price is currently struggling to climb above $178 and $180 against the US Dollar. Bitcoin price is declining and it seems like it failed to stay above $8,220 and $8,200. There is a short term bullish trend line forming with support near $172 on the hourly chart of ETH/USD (data feed via Kraken). The pair could recover to $180 as long as there is no close below the $170 support area. Ethereum price is showing a few bearish signs versus the US Dollar, while bitcoin is declining. ETH price…
Ripple price failed to break the $0.2620 resistance and declined recently against the US dollar. The price is currently trading near the $0.2450 support and is struggling to bounce back. There is a short term bearish trend line forming with resistance near $0.2510 on the hourly chart of the XRP/USD pair (data source from Kraken). The price is likely to extend its decline and it could revisit the $0.2350 support area in the near term. Ripple price is trimming yesterday’s gains against the US Dollar and bitcoin. XRP price is…
Ripple price failed to hold the key $0.4500 support and declined heavily against the US dollar. The price even broke the key $0.4220 support level and it is now trading below $0.4150. There is a short term contracting triangle forming with resistance near $0.4120 on the hourly chart of the XRP/USD pair (data source from Kraken). Ethereum price also declined heavily and it even broke the key $300 support area. Ripple price is facing a strong selling interest against the US Dollar, while bitcoin is trimming gains. XRP price could…