Jan 16, 2020 at 12:08 // News
Ripple made an unexpected move above the overhead resistance at $0.23. Unfortunately, the bulls failed to hold the price at that level as the coin slumped to the low of $0.22. Sellers are still having the upper hand over buyers. Buyers made their way to the $0.24 price level but were pushed down to the low of $0.22. In a nutshell, XRP will need more buyers at the upper price level.
In the meantime, the price falls to the support of $0.22. An upward movement is expected for the coin to retest the $0.23 and $0.24 price levels. A downward movement is expected if the bulls fail to hold $0.22 support. This will make the coin slide down to $0.21.
Ripple (XRP) Indicator Analysis
The bullish momentum is ongoing as XRP trades above the 75% range of the daily stochastic. As price finds support, XRP will pick up momentum to retest the $0.24 price level. The EMAs are maintaining the bullish crossover as the price sustains its move.
- Hacker News
Key Resistance Zones: $0.35, $0.40, $0.45
Key Support Zones: $0.25, $0.20, $0.15
What Is the Next Move for Ripple (XRP)?
Ripple’s rally above the $0.23 resistance is inconclusive as the price fell to its previous low. XRP has the possibility of price moving up as the price bars are above the moving averages. As the coin retraces the bearish candlestick has a lower shadow which represents the buying power. As the bears push the price downward, the bulls overcome them .
Disclaimer. This analysis and forecast are the personal opinions of the author are not a recommendation to buy or sell cryptocurrency and should not be viewed as an endorsement by CoinIdol. Readers should do their own research before investing funds.
If reproduced, please indicate the source: https://www.uucj.net/ripple-rallies-breaking-key-resistances/
Published on February 5th, 2020 by BTCMedia,Feb 5, 2020
Virgin Galactic Holding Inc (SPCE) shares rose by $3.35, approximately 25.83% yesterday. The rise is attributed to the positive rating by Morgan Stanley analyst Adam Jonas. Virgin Galactic Holdings Inc (NYSE: SPCE) shares jumped more than 25% yesterday after wiping out all the gains previously made early in the year. The SPCE shares rise is being attributed to an upgrade in ratings by Morgan Stanley analyst Adam Jonas. He upgraded the stocks from equal weight to overweight, despite lowering the price target from $30 to $24. Jonas said: “Despite the modest adjustment to our space tourism, the company maintains a healthy cash position, $500 million, and its expected, $16 million per month cash burn, position it well to navigate any near-term headwinds.” Despite Virgin Galactic shares having fallen over 60% in the past few weeks, Jonas is positive on the stocks as the company’s balance sheet remains intact. Today in the premarket, SPCE was 5.64% up. Its price reached $17.24. Yesterday, it closed at $16.23. Coronavirus has significantly affected the tourism sector which also relies on air travel for transportation….Mar 25, 2020
Freebitco.in Gaming Site Launches Covid-19 Relief Fund – Donating 20% House Edge to Healthcare Efforts
The owners of the website Freebitco.in have announced a coronavirus relief fund following the myriad of other crypto companies donating funds to help fight the covid-19 pandemic. Freebitco.in is an extremely popular gaming website that saw more than 40 million visitors last month in web traffic and the site ranks #2,379 globally according to Alexa ratings. The website is donating 20% of the house edge to an organization that will be coordinating with public health authorities in order to provide protective equipment. Also read: Coronavirus Relief: Cryptocurrency Aid Programs Launched to Combat Covid-19 Outbreak Freebitco.in Launches Coronavirus Relief Effort The coronavirus outbreak has massively disrupted the world’s economy and a lot of people are in need of food and healthcare resources. This has caused a lot of firms in the private sector to start providing much-needed supplies and relief funds to those affected by the financial calamity. News.Bitcoin.com recently reported on a slew of crypto companies donating funds to coronavirus relief efforts during the last few weeks. For instance, the organization Binance Charity designated $5 million toward a covid-19 aid…Apr 5, 2020
Ethereum (ETH/USD) reversed some early weakness during today’s North American session as the pair appreciated to the 206.64 area after trading as low as the 201.69 area, just above the 201.29 level that represents the 50% retracement of the recent appreciation from 191.27 to 211.30. The pair is orbiting the 206.57 area, representing the 23.6% retracement of the appreciating range. Traders continue to monitor multiple trading ranges, including the recent appreciation from 176.43 to 216.99. The 201.50 and 196.71 areas represent the 38.2% and 50% retracements of this range, and ETH/USD bulls are looking to see if the market is able to derive some technical support from these levels. Additional appreciating ranges that are technically significant include the move from 148.08 to 227.50, the move from 123.72 to 227.50, and the appreciation from 90.00 to 227.50. Important technical levels related to those ranges include the 208.76, 203.01, 197.16, 195.10, 187.79, and 175.02 levels, and traders are very interested to observe how price activity reacts around these levels. Below current market activity, traders continue to monitor the 196.56 and 177.39 levels…May 24, 2020
HEX is a new financial tool and cryptocurrency launching on the Ethereum network via a Bitcoin UTXO snapshot on December 2. Critics are questioning HEX’s legitimacy, calling it a colossal cash grab and privacy compromise. Devout fans can’t wait to claim their tokens and start staking. So who’s right and who’s wrong? Richard Heart, the outspoken man behind HEX, sat down with Cointelegraph to talk about the upcoming launch and counter a few of the criticisms surrounding the project. Heart explained that HEX is the world’s first high-interest blockchain certificate of deposit (CD), letting users stake their tokens in return for interest. Users can enjoy interest payments ranging from 3.69% if 99% of the total supply is staked, up to an improbable and enormous payout of 369% if only one percent of the total supply is staked — paid out in HEX tokens. It’s worth noting that the monetary value of such a payout depends entirely on the market value of HEX at the time of maturity. “It’s the world’s first blockchain CD that attacks the largest market in the…Dec 1, 2019
May 19, 2020 at 08:31 // News Recent research by a group of scientists has stated that blockchain technology could be used to enhance collaborative exploration and development in response to global pandemics such as COVID-19 through well-timed research collaborations, decentralization, and anonymity of essential information among governments. COVID-19 outbreak gives scientists and the world a hard time When the novel coronavirus outbreak first emerged in Wuhan, China, countries and the World Health Organization (WHO) had very little or absolutely no idea how to approach it. Until now, the whole world is still puzzled as to how to better deal with the virus, with many countries pointing fingers at China for their poor handling of initial cases. But that never helps anymore, we just have to find a way out of this problem and prevent future outbreaks. Nevertheless, scientists are relentless—they have been exploring ways of containing the pandemic but guess what? Most of them have come back to believe in the power of blockchain technology in such attempts. Effective use of blockchain technology could prevent future pandemics A group…May 19, 2020
Twitter Facebook reddit Pinterest Hacker News LinkedIn Tumblr Google+ VKontakte Bitcoin saw a 9.5% price decline this week as the cryptocurrency slipped below $9,000 to reach as low as $8,500. It recently broke beneath a 2-month-old rising trend line as the market outlook starts to look ever more bearish. Bitcoin dropped by 9.5% this week as the sellers start to take control over the market momentum. It dropped beneath $9,000 a few days ago to reach the current support level at around $8,672. The cryptocurrency has spiked even further lower but has managed to rebound back above $8,600 to close each day. It also recently broke beneath a rising trend line as the outlook starts to turn bearish. Bitcoin Price Analysis BTC/USD – Daily CHART – SHORT TERM Twitter Facebook reddit Pinterest Hacker News LinkedIn Tumblr Google+ VKontakte Twitter Facebook reddit Pinterest Hacker News LinkedIn Tumblr Google+ VKontakte BTC/USD – Source: TradingView Market Overview Looking at the daily chart above, we can clearly see Bitcoin breaking beneath the rising trend line over the past 24-hours of trading. It is currently…Mar 1, 2020
Kingdom Hearts 3 Re: Mind has finally been announced at Sony’s State of Play address. The DLC is coming out on Jan. 23, 2020 for PS4 and Feb. 25, 2020 for Xbox One. This DLC is going to suck for several different reasons. The hype train can be difficult to avoid. While it’s a lot of fun to anticipate something, it’s also pretty easy to wind up disappointed. That’s certainly how I feel right now about Kingdom Hearts 3 re: Mind. I’ve been waiting for more Kingdom Hearts 3 to play, and now that I’ve got it I’m not sure I want it anymore. It’s not that the DLC doesn’t look…alright. It’s just that it’s already being presented in such an annoying way that I don’t even want to give Square Enix any more of my money. Let me explain what I mean before you lynch me. Why Re: Mind Will Suck One of the first things we’re greeted with during the State of Play trailer for the DLC is some truly stunning voice acting from Riku. It sounds like he…Dec 10, 2019
Twitter Facebook reddit Pinterest Hacker News LinkedIn Tumblr Google+ VKontakte A few months ago, the office of the US Trade Representative (USTR) started an in-depth inquiry into South Africa’s copyright policies and plans. The US Government launched this official review following complaints from the International Intellectual Property Alliance (IIPA). The coalition of prominent rightsholder groups, including the MPA and RIAA, informed the USTR that they’re not happy with how South Africa addresses copyright issues. Lacking enforcement of online piracy was prominently mentioned, as well as the country’s approach towards fair use. The fair use angle has triggered a wide range of responses from stakeholders who sent their thoughts to the USTR a few days ago. South Africa plans to introduce a fair use provision into law that is largely based on the US model. According to the IIPA, this is dangerous, as the country can’t rely on 150 years of existing case law. In addition, the new provisions are even broader than the US variant while they arrive on top of the existing ‘fair dealing’ system, the group warns. The…Feb 1, 2020
“What happens if the internet goes down?” You’ve heard it, I’ve heard it — we’ve all heard the refrain. It’s a favorite of FUDster journalists like Frances Coppola and David Gerard, and they treat it like the ultimate trump card when debating Bitcoin’s value. Correct! If the internet goes down across the globe, Bitcoin would be in trouble. But so would the global banking sector, the healthcare industry, the food industry and basically the entire fabric of our hyper-connected existence. If the internet is kaput, then you should probably be worried about stocking supplies and ammo, because it’s going to get wild. But what if I told you that, in the event of a mass internet outage, there’s a good chance that Bitcoin would survive? That chance is real and growing thanks to the promise of mesh networks. Put simply, mesh nets are networks of peer-connected nodes that offer “offline” connectivity by means of radio signals. Depending on the bandwidth of the network, you could do things like send a bitcoin transaction or download the Bitcoin blockchain. When coupled with…Mar 3, 2020