Ripple Price Analysis: XRP Flirts With Key Resistance Amid Sell-off

Ripple price failed once again to break the $0.3200 resistance and declined sharply against the US dollar. The price broke the key $0.3125 and $0.3100 support levels to move into a bearish zone. There is a major bearish trend line formed with resistance at $0.3110 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair is currently correcting higher, but it is facing a solid hurdle near the $0.3100 pivot level. Ripple price declined heavily and turned bearish against the US Dollar and bitcoin. XRP/USD may…

Bitcoin Struggles to Pass Key Price Resistance Over $4K

View Bitcoin could rise to recent highs near $4,200 in the short-term if prices validate the bullish outside reversal or “engulfing” candle created in the three days to March 16 with a convincing break above $4,040 (high of the engulfing candle). Any spike to $4,200, however, would likely be short-lived as long as the 21-week simple moving average (currently located at $4,073) is sloping downwards. A break below $3,927 (triangle low on the 4-hour chart) could yield a pullback to support lined up at $3,850. Bitcoin’s (BTC) bulls need to…

Bitcoin Price Trapped in Key Make-or-Break Trading Range

View Bitcoin is trapped in a trading range defined by the 200-week simple moving average and the 200- week exponential moving average, currently at $3,404 and $4,106, respectively. Therefore, the outlook as per the weekly chart is neutral. A weekly close (Sunday, UTC) above $4,106 would confirm a longer-term bearish-to-bullish trend change and could fuel a rally toward $5,000. A weekly close (Sunday, UTC) below $3,404 could revive the sell-off from November highs above $6,500 and allow a drop to levels below $3,000. The odds of a drop to the…

4 Crypto Assets Break Above Key Moving Average, Leaving Bitcoin Behind

Several well-known cryptocurrencies are trading above their 200-day moving averages, a development typically considered a sign of a healthy market. A moving average (MA) is simply an ongoing calculation of the closing prices of an asset over a specified period of time, but is also a tool traders use to gauge the asset’s trend direction as well as support and resistance levels. While a moving average of any length can be used, the 200-day moving average is a standard in financial analysis. Put simply, if an asset trading above the 200-day…

Bitcoin (BTC) Price Watch: Key Reversal Could Trigger Additional Losses

Bitcoin price failed to hold the key $3,860 support and traded lower against the US Dollar. The price even broke the $3,840 support and settled well below the 100 hourly simple moving average. There was a break below a crucial ascending channel with support at $3,830 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could accelerate declines if there is a break below the $3,800 support area. Bitcoin price is under pressure below the $3,860 support against the US Dollar. BTC could reverse gains…

Ripple Price Analysis: XRP Buyers To Defend Key $0.3000 Support?

Ripple price failed to recover and extended losses below the $0.3100 support against the US dollar. The price settled below the $0.3100 support and the 100 hourly simple moving average. Yesterday’s major contracting triangle was breached with support at $0.3095 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could decline towards the $0.3000 support where buyers are likely to emerge. Ripple price is grinding lower towards key supports against the US Dollar and bitcoin. XRP/USD is likely to find a strong buying interest near…

Ripple Price Analysis: XRP at Major Crossroads But 100 SMA Holds Key

Ripple price failed to surpass the $0.3200 resistance and started a downward move against the US dollar. The price traded below the $0.3140 support and it is now approaching the key $0.3080 support. There is a new declining channel formed with resistance at $0.3125 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair is under pressure and it seems like it could tumble if there is a break below the 100 hourly SMA. Ripple price is slowly grinding lower against the US Dollar and bitcoin.…

Bitcoin Seeking Gains After Retaking Key Price Support

View The immediate outlook on bitcoin will remain neutral while prices are trapped in the range of $3,658-$3,900. A repeated failure to beat the 5-week MA support at $3,703 could invite buying pressures and yield a rally above $4,000, as that average is reporting bullish conditions for the first time since August. A UTC close below $3,658 (Feb. 27 low) would revive the bearish view put forward by the high-volume sell-off on Feb. 24 and open the doors for a drop to levels below $3,400. Bitcoin (BTC) has returned above…

Bitcoin Price Watch: BTC Confined In Tiny Ranges Below Key Resistance

Bitcoin price spiked above the key $3,860 resistance level, but it failed to gain pace against the US Dollar. The price is trading in a range below the $3,860 and $3,900 resistance levels. There is a short-term ascending channel in place with support at $3,800 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could dip towards the $3,740 support level before a fresh rebound towards $3,860. Bitcoin price is stuck in tiny ranges below the $3,860 resistance against the US Dollar. BTC could correct…

Crypto Market Facing Key Resistance: BNB Rallies, EOS, Bitcoin Cash, TRX Analysis

The total crypto market cap is facing a lot of hurdles near the $126.0B and $128.0B resistances. EOS price is currently consolidating above the $3.50 support and preparing for the next move. Binance Coin (BNB) gained more than 10% and broke the $10.80 resistance area. Bitcoin cash price is struggling below the $135 resistance level. Tron (TRX) price broke the key $0.0240 support level to move further into a bearish zone. The crypto market recovered nicely, but bitcoin (BTC) and Ethereum (ETH) faced many hurdles. However, Binance coin (BNB) rallied…