Price Analysis Mar 30: BTC, ETH, XRP, BCH, BSV, LTC, EOS, BNB, XTZ, LEO

Most cryptocurrencies have bounced off their immediate support levels, a positive as this shows demand at lower levels. BitMEX Research recently pointed out that the correlation between the S&P 500 and Bitcoin (BTC) has reached a new high, eclipsing the previous high recorded in March 2018. This shows that with all the money being printed to support the economy, a tiny bit might be finding its way into the crypto space, which is a huge positive. Over the long-term, only a fraction of the total stimulus packages announced around the…

Bitcoin, Ether, and XRP Weekly Market Update March 30, 2020

The total crypto market cap added $7 billion to its value for the last seven days and now stands at $174 billion. The top 10 currencies were all in green for the same time frame with XRP and Litecoin (LTC) being the best performing assets with 13.3 and 7.9 percent of gains respectively. By the time of writing bitcoin (BTC) is trading at $6,300 while ether (ETH) climbed to $130. Ripple’s XRP moved up to $0.173. BTC/USD Bitcoin suffered a drop to $5,812 on Sunday, March 22 after it was…

Ripple (XRP) Turned ‘Sell’ On Rallies: Key Resistance Levels To Watch

Ripple is down close to 5% and it broke the key $0.1680 support zone against the US Dollar. XRP price is currently correcting higher, but it is likely to face hurdles near $0.1700. Ripple price declined below the $0.1720 and $0.680 support levels against the US dollar. A low is formed near $0.1620 and the price is currently correcting higher. There is a key bearish trend line forming with resistance near $0.1685 on the hourly chart of the XRP/USD pair (data source from Kraken). The price is likely to face…

Top 5 Cryptos This Week (Mar 29): CRO, XMR, XRP, ADA, XLM

Most top performers are attempting to climb back after a sharp sell-off. If they can sustain above their immediate overhead resistance levels, a bottom is likely to be confirmed. The coronavirus pandemic has only worsened this week and has engulfed almost the whole world. Several countries in Europe and the US have been the worst affected outside of China where the virus started. While the world attempts to tackle the spread of the virus by lockdowns, it is having a huge negative impact on the economy.  In order to support…

Price Analysis Mar 27: BTC, ETH, XRP, BCH, BSV, LTC, EOS, BNB, XTZ, LEO

Most cryptocurrencies have turned down from their overhead resistance levels suggesting a minor correction or period of consolidation will occur in the next few days. The coronavirus pandemic and the economic crisis that it has brought along is the first of its kind in this generation. For weeks now, global equities markets have been swinging wildly due to the uncertainty. However, compared to the traditional markets, Bitcoin has been holding up quite well and its volatility has been gradually reducing in the past few days. Pantera Capital Founder and CEO…

Ripple (XRP) Rallies 10% and Poised To Test $0.20: Here’s Why

Ripple is up around 10% and it broke the key $0.1650 resistance zone against the US Dollar. XRP price remains in a nice uptrend and it could continue to rise towards $0.2000. Ripple price started a strong rise above the $0.1640 and $0.1650 resistance levels against the US dollar. The bulls were able to push the price above $0.1750 and a high was formed near $0.1808. There is a short term contracting triangle forming with resistance near $0.1780 on the hourly chart of the XRP/USD pair (data source from Kraken).…

Ripple (XRP) is Primed For a Rally And Only 1 Thing is Holding it Back

Ripple is struggling to gain momentum above the $0.1640 and $0.1650 resistances against the US Dollar. XRP price must stay above the $0.1580 support to continue higher in the near term. Ripple price is facing a lot of hurdles near the $0.1640 and $0.1650 levels against the US dollar. The bulls could gain strong momentum if there is a clear break above $0.1650. There is a major bullish trend line forming with support near $0.1600 on the hourly chart of the XRP/USD pair (data source from Kraken). The price could…

Pullback In Ripple (XRP) Remains Attractive To Bulls In Short Term

Ripple gained traction above $0.1550 and tested the $0.1640 resistance region against the US Dollar. XRP price is currently correcting lower, but dips remain attractive in the short term. Ripple price is currently correcting gains from the $0.1645 swing high against the US dollar. The bulls are in control and they are likely to protect the $0.1580 support area. There is a key connecting bullish trend line forming with support near $0.1580 on the hourly chart of the XRP/USD pair (data source from Kraken). The price is likely to remain…

YouTube Scam Impersonates Ripple CEO Garlinghouse for Fake XRP Airdrop

Despite YouTube’s many aggressive actions against cryptocurrency-related content, the world’s most popular video-hosting website is apparently having trouble discovering a major scam account involving crypto. On March 23, the crypto community spotted a bogus YouTube account impersonating Brad Garlinghouse, CEO of major blockchain company Ripple, in order to promote a fake airdrop scam.  Video containing fake XRP airdrop description was uploaded on YouTube on March 19 The apparent scam account has around 277,000 subscribers and contains only one video, which promotes a fake giveaway in the third-biggest cryptocurrency, XRP. Uploaded…

Ripple (XRP) Breaking This Single Level Will Spark a Sharp Rally

Ripple is showing a few positive signs above the $0.1550 resistance against the US Dollar. XRP price is likely to surge further if it clears the $0.1620 resistance area. Ripple price is up more than 6% and it traded above the key $0.1550 resistance against the US dollar. The bulls are now fighting to clear the $0.1620 and $0.1625 resistance levels. There was a break above a major bearish trend line with resistance near $0.1520 on the hourly chart of the XRP/USD pair (data source from Kraken). The price is…