Price Analysis 17/08: BTC, ETH, XRP, BCH, LTC, BNB, EOS, BSV, XMR, XLM

Is the fall in Bitcoin over and should investors buy now, or will it plunge below $9,000? Let’s analyze the charts. The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk. You should conduct your own research when making a decision. Market data is provided by the HitBTC exchange. The global amount of debt with negative yields ballooned up to $15 trillion, according to Deutsche Bank. Though yields in the United States are…

Ripple Price (XRP) Showing Recovery Signs, Bitcoin Back Above $10.2K

Ripple price trimmed losses after it traded as low as $0.2336 against the US dollar. The price is currently trading above the $0.2500 pivot level with a few positive signs. A major contracting triangle pattern is forming with resistance near $0.2670 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair is likely to recover towards the $0.2800 resistance as long as it is above the $0.2500 support. Ripple price is showing signs of a decent recovery against the US Dollar, while bitcoin recovered 3%. XRP…

Ripple’s Xpring Gives $265 Mil in XRP to Content Platform Coil

Ripple’s infrastructure development and XRP adoption initiative Xpring announced a 1 billion XRP (roughly $265 million) grant to web monetization platform Coil on Aug. 15. Coil will reportedly use the funds to build an ecosystem of creators, developers, companies and nonprofits that use XRP through the Web Monetization open standard. Giving creators control over distribution and monetization Coil is a platform that provides an alternative method for creators to monetize their content on the internet. Users can post public and exclusive content on the platform, which is automatically enabled for…

XRP Could Fall 20% Says Trader Accusing Ripple of Manipulating Market

Altcoin XRP has received fresh claims its price is artificially high as a well-known cryptocurrency trader warns of serious losses.  Brandt: Ripple manipulated XRP for years In a series of tweets Aug. 14, Peter Brandt accused the issuer and largest holder of XRP tokens, Ripple, of price manipulation.  XRP had dropped to its lowest level against Bitcoin (BTC) in over two years, while XRP/USD circled 11-month lows. For Brandt, however, even current levels of $0.26 are the result of manual intervention on the part of Ripple, and not natural market…

XRP Could Fall 20%, Says Trader Accusing Ripple of Manipulating Market

Altcoin XRP has received fresh claims its price is artificially high as a well-known cryptocurrency trader warns of serious losses.  Brandt: Ripple manipulated XRP for years In a series of tweets Aug. 14, Peter Brandt accused the issuer and largest holder of XRP tokens, Ripple, of price manipulation.  XRP had dropped to its lowest level against Bitcoin (BTC) in over two years, while XRP/USD circled 11-month lows. For Brandt, however, even current levels of $0.26 are the result of manual intervention on the part of Ripple, and not natural market…

Ripple Price (XRP) Decline Could Accelerate: BTC and ETH Weakens Further

Ripple price declined sharply after it broke the key $0.2900 support area against the US dollar. The price is down more than 10% and even tumbled to test the $0.2350 level. A short term breakout pattern is forming with resistance near $0.2685 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair is likely to accelerate its decline once it breaks the $0.2580 and $0.2500 support levels. Ripple price is down and out against the US Dollar and bitcoin. XRP price is now trading in a…

Price Analysis 14/08: BTC, ETH, XRP, BCH, LTC, BNB, EOS, BSV, XMR, XLM

Bitcoin has broken down of a tight range. Will it weaken sentiment and drag a few major altcoins to new yearly lows? Let’s analyze the charts. The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk. You should conduct your own research when making a decision. Market data is provided by the HitBTC exchange. Nicholas Colas, co-founder of DataTrek Research, believes that the performance of Bitcoin in the past few days shows that…

Ripple Price (XRP) Targets Fresh Weekly Low After Bitcoin Nosedives

Ripple price is trading in a downtrend below the $0.3000 and $0.3050 resistances against the US dollar. The price is likely to extend its decline considering the recent decline in bitcoin price below $11,000. There is a major bearish trend line forming with resistance near $0.2980 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair is facing an uphill task and it could even break the $0.2900 support area in the near term. Ripple price is trading with a bearish angle against the US Dollar,…

XRP Price Crashes by 40% on Beaxy Exchange After Coordinated Sell-Off

Newly-launched cryptocurrency exchange Beaxy has suspended trading after some users deliberately crashed the price of altcoin Ripple (XRP).  XRP/BTC dips 40% According to a blog post and social media messages, beginning on Aug. 12, Beaxy experienced a sudden surge in XRP trading volumes, with a huge sell-off reducing XRP/BTC to 40% of its price on other exchanges. “As a result and precaution, we are temporarily halting all trading activity and withdrawals across the exchange as we investigate,” the blog post reads. XRP/BTC 3-day trade volume on Beaxy. Source: Beaxy Beaxy…

Ripple Price (XRP) Struggling To Recover Amid Negative Sentiment

Ripple price struggled to climb above the $0.3060 level and recently declined against the US dollar. The price is trading with a bearish angle below the $0.3020 and $0.3010 levels. XRP/USD is about to break a connecting bullish trend line with support near $0.2995 on the hourly chart (data source from Kraken). The pair is likely to accelerate losses if it settles below $0.3000 and the 100 hourly SMA. Ripple price is struggling to continue higher against the US Dollar, while bitcoin is ranging. XRP price might revisit the $0.2920…