Amidst a decline in the price of bitcoin, the world’s most valuable cryptocurrency could find support at $7,500 – that is if it follows past patterns on the charts.
Bitcoin has faced selling pressure over the last few days, despite an impending golden crossover on the three-day chart – a bullish crossover of the 50- and 200-candle moving averages, as discussed last week. As of writing, the 50-candle moving average (MA) is on an upward trajectory and looks set to cross above the 200-candle MA in the next few days.
It is worth noting, however, that a similar golden crossover on the three-day chart was observed in early February 2016, when a bitcoin [...]
Although, things don’t seem good for Ripple; XRP price data analysis shows that the volatile market has sapped Ripple’s XRP by twenty percent (20.8%) from its last week’s closing price.
The Spanish banking group, Banco Santander has it’s One Pay Fxapp running things smoothly from the United Kingdom to Poland. xRapid being adopted by many of Ripple’s users is quite a handy tool and has the users’ eyes fixed on it.
The RippleNet is the house to over 200 banks using the xRapid, the xVia and the xCurrent but what Ripple aims to do is to bring all the banking institutions under the xRapid umbrella which unlike the predecessor tech isn’t inefficient and [...]
The current market scenario for all the cryptocurrencies is slow, and ADA token seems to be one of the worst hit of the fluctuations as the coin starts trading below $0.060. The coin has not shown any signs of recovery yet, and the current market performance is depressing and points towards the downward direction.Cardano Price Statistics:
The price of ADA token seems to be the worst hit with the plunging price of Bitcoin as the coin has started trading below $0.060 within a day. There has been a downtrend of over 16% noted since yesterday [...]
While other best-performing coins enjoy the ride against USD, Ripple’s XRP has suffered a bearish action on both the USD and BTC pair over the past weeks.Ripple’s XRP is likely to run a bearish retracement before the rally continuesXRP price is nearing the long-term falling trend-line (yellow in the chart provided below) with a possible bounceTechnical indicators turned bearish following the significant price reduction in the market
The past few days, trading has made the Ripple coin market to see a severe price reduction, which paints an ugly scenario as a result of enormous selling pressure in the market. As a matter of fact, the cryptocurrency had been down by 38% [...]