Ripple is the weakest coin out of the top 3, as its rate is falling faster than of BTC or ETH. XRP has lost almost 2% over the last 24 hours, and the price is moving according to our prediction made a few days ago when the last point of a decline is $0.2890. Analyzing the 30-minute graph, XRP is located in the descending channel from May 4, and there are no...
The most popular altcoin has not taken an advantage of the market growth, as its price remains at the positions of Friday, May 3. However, as we said in our Ethereum price prediction, the $168 mark was reached, but then it rolled back to $165 and even deeper. On the hourly chart, the Head and Shoulders pattern was formed, as well as, the new level at $164 was...
Usually the crypto market ’’relax’’ at weekends, however, the previous week was the exception from the rule. On Saturday, the BTC’s rate could rise above $5,800, however, then a fast correction happened to the $5,600-$5,700 zone, as we predicted few days ago. Taking into consideration the current situation, new support and resistance levels have been settled at...
Fortunately, our prediction made earlier did not come true, as BTC neglected the $5,500 mark without a correction. Despite the fact that, that the trading volumes have increased over $4 billion over the last day, traders should get rid of euphoria, as the asset is overbought according to the RSI indicator. Currently, the crypto market is growing only due to...
The XRP price has changed the least over 24 hours compared to other top coins. Currently, Ripple is trying to finally get out from the $0.3030-$0.3040 area and reach $0.3050, as outlined yesterday in our analysis. On the 30-min chart, there are no crucial changes and one can only guess what should happen to push XRP’s rate up or down. If the situation remains...
In terms of Ethereum, reaching the $160 level has happened according to our yesterday prediction. Besides the total market growth, ETH has its own reasons for price rise. One of such causes is the released update for the desktop Opera browser, which now has a crypto wallet for tokens of the standard ERC20 and ERC721. It is crucial to hold the $160 support level...
For now, May has started positively for BTC, as its rate is located in the uptrend; however, it is still early to judge about reaching $6,000 in a few days. Our yesterday Bitcoin price prediction came true, as the $5,500 was broken at some crypto exchanges. Currently the quotes are trying to consolidate and hold this important level. Analyzing the hourly graph,...
On the 6-hour chart, the quotes are trading in the descending channel, and it looks there is no hope to rescue. In order price to keep trading at their high levels, XRP should touch the $0.2890 support zone before it can go up to the resistance one at $0.346. Such a rate can be achieved until the end of May 2019.
In terms of the technical point of view, our yesterday price analysis is still relevant, as sellers could not push down the $0.30. On the other hand, bulls also show no interest in XRP taking into account the trading volumes. Taking into consideration, the indicator, RSI (Relative Strength Index) is neither overbought no oversold, while MACD is located is a...
Although Ripple does not usually follow the market mood, however, it has already lost around 2% of its price which is much more than most of the top altcoins. Even though the rate of XRP has plummeted, our yesterday price analysis remains relevant, as the support at $0.30 has not been broken. Analyzing the 30-minute chart, the possible short-term scenario is...
Our yesterday Ethereum price prediction partially came trues, as the asset reduced not to $167 but much less, to the $160 area. If we look at the Ethereum hourly chart, the coin has not still shown its full potential, as its price has rolled back to the positions of the beginning of April. Applying the Fibonacci retracement to the graph, the quotes are trading...
Fortunately, the price of the leading cryptocurrency has not declined as the rate of altcoins and remains at yesterday positions. Based on this, the community recognizes Bitcoin as the only store of value. Moreover, there are reasons for that, as the network keeps rising and developing. Our prediction made few days ago came true according to which BTC’ price would...
However, in the long-term analysis, one can neglect the current rollback, as the the bullish tendencies will keep dominating. Such a scenario is backed by the MACD indicator which shows uptrend. Overall, reaching a resistance at $0.36 traders may expect in the middle of May.
Out earlier Ripple prediction remains actual and XRP remains trading above the $0.30 support zone. However, at the time of the writing the coin is located in the descending channel, having lost around 3% by a short period of time. Concerning the short-term scenario the quotes will keep trading above $0.30, as the general trend has not changed to bearish.
The recent days thrilled Ripple holder, as no one could predict how XRP would affect positive news against the background of the market stagnation. Yesterday, Nasdaq announced adding Ripple's XRP Index (XRPLX) to its Global Data Platform. Fortunately, both, fundamental and technical reason pushed XRP’s rate up. Among the top 3 coins, Ripple is growing better...
Ethereum is doing even better than Bitcoin, as its rate has soared by more than 3% just over the day. Such growth is not just the following BTC’s example, but also the result of the community on the tweet of Elon Musk. Our yesterday’s prediction came true and the price could get to $160 and fix there. On the hourly chart, ETH managed to break a resistance at...
If the fall of Bitcoin on Friday 26 was caused by the situation against the Bitfinex exchange and Tether, however, today’s growth was not backed by any significant fundamental factors. Moreover, yesterday Tether confirmed that 26 % of its USDT supply is not backed by fiat. Fortunately, the market just ignored this piece of news. As we predicted yesterday, the...
Concerning the short-term price prediction, the price is trying to come back to the positions of the previous week. Such a scenario may happen, which is backed by the Fibonacci retracement, and ETH can achieve $160 (78.6%). The price of ETH is trading at $159.71 at the time of writing.