Tag: Price

XRP Price Recovery Fails – Is It Doomed for Another Collapse?

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Aayush Jindal, a luminary in the world of financial markets, whose expertise spans over 15 illustrious years in the realms of Forex and cryptocurrency trading. Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis. From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked…

Ethereum Price Recovery Faces Test – Will Resistance Stop the Rally?

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Ethereum price started a fresh recovery wave above the $4,350 zone. ETH is now facing hurdles near $4,500 and might struggle to continue higher. Ethereum is still struggling to recover above the $4,500 zone. The price is trading above $4,400 and the 100-hourly Simple Moving Average. There was a break above a key bearish trend line with resistance at $4,385 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a decent increase if there is a close above the $4,500 level in the near term.…

Crypto Exchange Reveals When XRP Price Will Cross $2,000

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The XRP price remains a major focus in the crypto market, with analysts and traders often debating its long-term trajectory. A fresh report from crypto exchange Changelly has provided a new perspective, offering detailed projections for XRP’s future performance. The report reveals when the cryptocurrency could finally surpass the $2,000 milestone, alongside expectations for short- and long-term price action.  XRP Price Forecasted To Surpass $2,200 By 2040 According to Changelly’s latest price analysis released on September 2, XRP is projected to surpass $2,000 in November 2040. Analysts at the exchange…

XRP Price Eyes 77% Rise to $5 Next: Here’s Why

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Key takeaways: XRP (XRP) price printed a bull flag pattern on the daily chart, a technical pattern associated with strong bullish momentum following an upward breakout. Is this the start of XRP’s rally to $5? XRP price bull flag targets $5 The daily chart shows XRP trading within a bull flag, with the price facing resistance from the pattern’s upper trendline at $3. A bull flag is a bullish continuation pattern in technical analysis, forming a small falling rectangle after a sharp price rise, signaling consolidation. It typically resolves with…

Bitcoin Traders Adopt ‘Defensive’ Stance as Price Reclaims $110K

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Key takeaways: Bitcoin price recaptures $110,000, but bearish pressure persists.  BTC must flip the $110,500-$112,000 zone into new support to avoid a deeper correction toward $100,000.  Bitcoin (BTC) price was up on Tuesday, rising 2.4% over the past 24 hours to trade above $110,000. Still, while some indicators pointed to a local bottom, other metrics suggested the BTC market structure remained “fragile,” according to Glassnode. Bitcoin traders adopt “defensive stance”  Bitcoin’s spot demand was subdued over the past week, with trading volume falling to $7.7 billion from $8.5 billion, a…

XRP Price Recovery in Focus – Can It Overcome Selling Pressure?

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Aayush Jindal, a luminary in the world of financial markets, whose expertise spans over 15 illustrious years in the realms of Forex and cryptocurrency trading. Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis. From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked…

Bitcoin Price Stabilizes – Is This the Start of a Comeback?

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Bitcoin price is still showing bearish signs below $112,000. BTC is now attempting to recover and might face hurdles near the $110,500 level. Bitcoin started a fresh decline below the $112,000 zone. The price is trading below $110,500 and the 100 hourly Simple moving average. There was a break above a short-term contracting triangle with resistance at $108,800 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might start another decline if it stays below the $110,500 zone. Bitcoin Price Starts Consolidation Bitcoin price attempted…

XRP Price Action Turns Bearish, Analyst Says Crash Below $1 Is Coming

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XRP has struggled to maintain momentum over the past seven days and has had repeated failures to reclaim higher ground above $2.8. The weekly performance shows a decline of over 4%, and intraday movement in the past 24 hours has shown swings between $2.71 and $2.85.  This price movement is part of a selling pressure that has been building up since XRP lost its grip above $3 on August 28. Interestingly, a technical outlook suggests that this selling pressure might eventually cause XRP’s price action to crash down to $1.…

Protocol upgrades and Google Cloud integration lift EOS price 245% in 2021

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On April 16 EOS price soared to a new high at $8.49 and the current market structure for the altcoin suggests there is room for further upside. EOS initially made headlines during the ICO craze of 2018 when its parent company Block.one raised a record $4 billion in funding to create the EOSIO software and in the past three months, the altcoin has nearly tripled in value.  Data from Cointelegraph Markets and TradingView shows that since trading at a low of $2.43 on Jan. 27, the price of EOS has…

Bitcoin hash rate hits record 200 EH/s in fresh BTC price bull flag

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Bitcoin (BTC) has seen a classic indicator of a coming bull run pass a historic milestone as miners commit more and more resources to its future. According to data from on-chain monitoring resource Glassnode on Friday, Bitcoin’s network hash rate has passed total exahashes per second for the first time in its history. Hash rate underscores miner commitment Coming as a spike in a long-term uptrend, crossing the significant boundary means that the hash rate has doubled in under nine months.  Bitcoin average hash rate chart. Source: Glassnode An estimate…