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…

An Old Resistance Hurdle Is Back and Could Stall Bitcoin’s Price Rally

View Bitcoin clocked highs above $4,000 over the weekend and closed last week on a positive note, strengthening the short-term bullish outlook. The ongoing recovery rally, however, could pause around $4,000 or fall back to key support levels lined up at $3,775 and $3,658, as the bearish (downward sloping) 21-week simple moving average (SMA) is currently lined up at $4,073. That SMA served as a stiff resistance last year. Bitcoin’s outlook as per the daily chart would turn bearish if prices see a UTC close below the Feb. 27 low of…

Three Price Resistance Levels to Beat for Bitcoin’s Bulls

View Bitcoin’s bull revival, as signaled by the weekly chart indicators, is still in the nascent stage and will likely become more entrenched if and when prices clear the resistance levels at $4,190, $4,236 and $4,388. A high volume break above the three resistance levels could be followed by a rally to highs above $5,000. Bitcoin could challenge resistance at $4,190 in the next few days, as a strong bounce from the ascending 5-week moving average (MA) seen earlier this week has restored the short-term bullish view signaled by a…

Crypto Market Rally Facing Resistance: Litecoin (LTC), BNB, BCH Price Analysis

The total crypto market cap rallied recently and tested the key $128.0B resistance level. Litecoin (LTC) price gained more than 12% and it broke the $52 resistance level. Bitcoin cash price recovered and traded above the $130 and $132 resistances. Tron (TRX) price found support near $0.0220 and it recovered above $0.0230. Binance coin (BNB) price extended gains and settled above the $13.00 resistance level. The crypto market rallied recently before bitcoin (BTC) and Ethereum (ETH) faced strong resistances. Ripple, litecoin, bitcoin cash, TRX, XLM and BNB are trading with…

Bitcoin Price Weekly Analysis: Cautiously Bullish BTC, $3,900 Presents Resistance

Bitcoin price corrected lower sharply after trading towards the $4,200 resistance against the US Dollar. The price declined below the $3,860 support area and tested the $3,620 support zone. There is a short term ascending channel or bear flag formed with resistance at $3,900 on the 4-hours chart of the BTC/USD pair (data feed from Kraken). The pair could slowly move higher as long as it is above the $3,760 and $3,720 supports. Bitcoin price started consolidating losses below $3,860 against the US Dollar. BTC/USD could rise again as long…

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…

Ethereum Price Analysis: ETH Recovery Facing Significant Resistance

ETH price traded lower and broke the recent swing low to form near low near $126 against the US Dollar. The price bounced back sharply above the $130 resistance after trading to a new weekly low. There is a significant bearish trend line in place with resistance at $137 on the hourly chart of ETH/USD (data feed via Kraken). The pair is still facing many strong hurdles near the $137, $138 and $141 resistance levels. Ethereum price declined further and later recovered against the US Dollar and bitcoin. However, ETH/USD…

Ripple Price Analysis: XRP’s Rally Runs Into Resistance But More Gains Likely

Ripple price rallied sharply above $0.3200 against the US dollar after the Coinbase listing announcement. The price traded above the $0.3220 and $0.3300 resistance levels before it faced sellers near $0.3400. There is a crucial connecting bearish trend line formed with resistance at $0.3360 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair may correct a few points, but dips remain supported above $0.3200. Ripple price climbed higher sharply against the US Dollar and bitcoin after the positive news of Coinbase listing. XRP/USD tested the…