Over the past five hours, cryptocurrencies across the board, from Bitcoin to XRP, have not performed well.
Since the daily peak at $6,700, the price of BTC has fallen as low as $6,050, a drop of 10% in a matter of a few hours. This loss has been reflected throughout the rest of the asset class; Ethereum, for instance, has collapsed by 9% from its daily high, while XRP has drawn down by 8%.
Related Reading: Crypto Tidbits: Bitcoin Holds $6,000s, Federal Reserve To Do “QE Infinity,” U.S. Digital Dollar Proposed
While this move caught many traders with their pants down, so to say, one anticipated this bearish reversal, at least in XRP. Here’s what he thinks comes for the popular altcoin next.
Analyst Who Called XRP’s Retracement to $0.16 Is Bullish
On March 26th, the price of XRP suddenly shot up out of nowhere, rallying by more than 10% within a few hours’ time out of nowhere, leaving Three Arrows Capital’s CEO, Su Zhu, to remark: “XRP looks like it wants to retrace months of underperformance in a few days now.”
In the wake of this surge, trader Credible Crypto said that before a further rally, he expects the asset to retrace to ~$0.168, as it has today, before continuing to trend higher in a wave-like fashion to $0.20 and beyond.
My thoughts on $XRP. We can move up to .20-.21 and still be in a corrective channel. A break out from this channel on increasing volume could indicate that this is something more than just a typical corrective structure. Exciting times ahead. pic.twitter.com/FeXspl6Njj
— Credible Crypto (@CredibleCrypto) March 27, 2020
With XRP having retraced to the level he expected by the time he expected, the cryptocurrency tracing out his forecast in full will see it rally to $0.21 — 25% higher than the current price — before the month ends.
Not All Bullish
Although Credible Crypto currently sees a bullish chart, some fear that XRP’s prospects aren’t as bullish as he is painting them out to be.
Per previous reports from NewsBTC, veteran commodities trader Peter Brandt recently shared the below chart and message online:
I said I would never again post a chart of XRP. But, I thought you all might be interested in what it means to have ‘White Space below’.
While he didn’t convey a price prediction for the cryptocurrency, the comments in response to this chart filled in the gaps; what he depicted was that there is seemingly no price support for XRP until it crashes to prices far below $0.15, where it trades at now, as the cryptocurrency has fallen below a number of key moving averages and important technical levels.
On the side of fundamentals, MoneyGram, one of Ripple’s flagship partners, revealed that it liquidates all XRP it receives as part of the partnership, which is a deal that sees the remittance provider leverage ODL to increase the speed of settlement of transactions.
Featured Image from Shutterstock origin »
The last 24 hours have been the worst the cryptocurrency markets have seen since the 24 hours prior. Things have been looking grim for weeks in fact, but on Nov. 19 the situation went from bad to critical as BTC fell below $4,500, dragging the rest of the market down with it.
The price of bitcoin briefly dropped below $5,000 as 2018’s bear market refuses to quit. As we go to press, bitcoin’s price sits at $5,045, a drop of 8. 9% over the last 24 hours. Last week, bitcoin was sitting at $6,400.
FOMO Moments Markets suffer 15% drop in a week; Bitcoin Cash getting smashed, BNB, Nano also hurting. More losses have been recorded on crypto markets over the past 24 hours as the weekend sees digital currencies continue their downward slide.
Only 14 Cryptocurrencies Now Have a $1 Billion Market Evaluation As the global crypto sector continues to face an ongoing meltdown, there have been numerous altcoins that have seen a massive drop in their value over the course of the past 72 hours.
In the last 24 hours, the cryptocurrency market suffered one of its worst single-day sell-offs in all of 2018, as Bitcoin (BTC) plunged 11 percent. The substantial short-term drop in the price of Bitcoin (BTC) demonstrated the sheer intensity of the sell-off on Nov.
Bitcoin hits a historic 12 month low of $5400. The pre-eminent cryptocurrency has cratered 11 percent just within the last four hours. The enormous drop in price appears to be driven by major Bitcoin and derivatives exchange BitMEX, representing 34 percent of 24-hour market volume.
Bitcoin has had a bearish start to the week recording three consecutive losing days. Today it is recording the most bearish movements of the week with Bitcoin losing about 2% over the past 24 hours.
Monday’s drop ended the two weeks of low-volume consolidation for Bitcoin. It has steadily increased since then, but altcoins have outperformed this week. Bitcoin’s hard fork competitor Bitcoin Cash is up over 7% in the last 24 hours amid news that Binance will be supporting a hard fork of Bitcoin Cash.
Although it seemed as if there was some positive momentum brewing yesterday, most markets are subdued once again. VeChain is no different in this regard, as its value is still heading own. In fact, there is a good chance VET will drop below $0.
TRON (TRX), Cryptocurrency–On Monday, investors of TRON’s TRX currency watched as the coin fell nearly six percent over the course of two hours, a significant drop to continue the bear cycle that has been established throughout 2018.
Bitcoin ended two weeks of low-volume consolidated trading yesterday when it dropped approximately 3% over the space of two hours. It has since returned to trading sideways on low volume, with a Doji candle being priced in today.
A market-wide ‘flash crash’ caught the sector off-guard this morning, as some thought cryptocurrency prices had begun to stabilize. Crypto prices dived suddenly at approximately 10:30 GMT on Monday morning.
Binance Coin has seen a small 0. 22% price increase over the past 24 hours of trading. The cryptocurrency is currently exchanging hands at a price of $9. 76 after suffering a small price drop totalling -1.
The stablecoin USD Tether, USDT, has dropped significantly against the asset that it is meant to be pegged to over the past 24 hours. The drop has resulted in a significant premium to the assets listed on the Bitfinex exchange as these are priced against USDT as opposed to USD.
After the market surged over the weekend, HODLers of XRP were slightly shocked as they were carrying the third biggest digital currency with them. When the surge peaked, the coin was reflecting a growth of over 10%, on par with the biggest gainer in the market, Ethereum.
It was only hours ago that the cryptocurrency market was stagnant after the price dip last week. Now, it looks like in a matter of hours the overall cryptocurrency market cap gained roughly $15 billion causing most cryptos to rise.
The crypto market has experienced a selloff back on Thursday that affected most of the virtual currencies in the market. Indeed, the total market capitalization of cryptocurrencies reached $200 billion dollars, losing $25 billion dollars in just a few hours.
After the market crash on Thursday, the future of a further drop in Bitcoin seems to be a bit brighter according to CoinDesk. The biggest digital currency in the world has been staying relatively steady over the past month but on Thursday there was a massive drop bringing the price down below the $6,500 mark and to the $6,200 level confirming a range breakdown.
The past 48 hours have been brutal for the crypto sector as a whole, with the price of almost all the top 10 altcoins dipping quite substantially within the aforementioned timeframe. In this regard, Bitcoin is currently trading at $6,337, thus showcasing a drop of nearly 5% since the day before.
In a drastic turn of events, Ethereum, the world’s second largest cryptocurrency by total market capitalization, has seen a drop of more than 11% in its relative value during the past 24-hours. As is clear from the chart below, Ether’s downward slide started yesterday afternoon when within a couple of hours the currency stooped from […]
The post Ethereum Price Watch: Bitcoin Drops by 5% Overnight, Drags Ether Below the $200 Mark Along With It appeared first on NullTX.
FOMO Moments Markets are bleeding again; XRP, Bitcoin Cash, and Tron dropping double digits. A movement in the markets has been long overdue and it came today as the crypto bears dumped $15 billion.
According to CoinTrendz, over the past day, there were over 2,000 tweets related to Bitcoin which tops the list of most crypto mentions and beats the other leading digital currencies, Ethereum and XRP and with NANO at the bottom of the top ten with over 450 tweets.
At press time, the father of cryptocurrency remains in the $6,600 range. This is good news for all those who choose to see the glass as half full. Bitcoin hasn’t necessarily travelled anywhere in the last 24 hours, but any day is positive granted the currency doesn’t drop.
Nano coin has seen a small 0. 57% price drop over the past 24 hours of trading. It is currently exchanging hands a t a price of $2. 27 after suffering a further 7. 39% price drop over the past 7 trading days.
Bitcoin BTC Technical Analysis – Speculators Continue to Debate if BTC is Showing Bullish Trend Signs; Meanwhile the 100 DMA crosses below the 200 DMA. Bitcoin has seen a 3% price drop over the past 24 hours of trading.
Last week saw bullish movements in the market leader Bitcoin and Ether outperformed for the first time since it’s sharp drop to yearly lows near $170. However, with Bitcoin undergoing bearish movements this week, Ether is back to recording sharp depreciation.
Tron has seen a small price drop totalling 3. 19% over the past 24 hours of trading. The cryptocurrency is currently exchanging hands at a price of $0. 0228 after seeing a remarkable 20. 48% price increase over the past 7 trading days.
Verge has seen a 2. 49% price drop over the past 24 hours of trading. The cryptocurrency is currently trading…
The post Verge Price Analysis: XVG Down 94% From ATH — Strong Support Expected at $0.
Monero has seen a 1. 93% price drop over the past 24 hours of trading. The cryptocurrency is currently exchanging hands at a price of $105 after experiencing a 18. 79% price drop over the past 7 trading days.
Ethereum’s market cap has fallen below $20 billion for the first time since July 2017 on low volumes of just $1.4 billion during the past 24 hours. The drop below...
The post Ethereum Falls Below $20 Billion appeared first on Trustnodes.
At press time, the father of crypto is trading for just over $6,300. This is about $200 higher than where it stood 24 hours ago. Previously, the currency was trading at the $6,100 mark – a drop of over $1,000 from where it was at the beginning of the week.
QASH has seen a relatively muted price drop over the past 24 hours of trading, totaling 1.10%, as the…
The post QASH Price Analysis: QASH Remains Stable as the Rest of the Cryptocurrency Market Tumbles appeared first on Invest In Blockchain.
EOS has seen an 11. 90% price drop over the past 24 hours of trading. This price drop comes as BTC falls back under $7,000 as the bears step up the pressure and considering that the majority of the altcoins are BTC driven their dollar value erodes as BTC drops.
Bitcoin Tumbles By 5% To $6,900 Following a week of positive price action, the cryptocurrency market has finally seen a pullback, with a majority of crypto assets falling by 5% or more. As reported by Ethereum World News just hours ago, on Wednesday morning, trader awoke to a worrisome sight, with Bitcoin (BTC) falling to just […]
The post Bitcoin (BTC) Falls To $6900 In Market Drop, Analysts Call For Lower Prices appeared first on Ethereum World News.
Bitcoin price action falls off a cliff over the last few hours as it fails to get above resistance around $7400 to $7500. Price action has been looking bullish for the past few days as it continued to edge upwards forming higher highs and higher lows.
There can be multiple reasons on the Bitcoin sudden drop. After having recovered from a slow month and penetrating the $7,000 USD mark, Bitcoin is again on a downward slump. Late this afternoon, in a timespan of 2 hours, bitcoin has lost $400 USD from its value.
At press time, the largest cryptocurrency by market cap is trading for roughly $6,800. This is about $200 less than where it’s been over the past 48 hours, and a drop of roughly three percent. One analyst claims that short sellers still have plenty of control in the cryptocurrency market. Lennon Sweeting – director of […]
Ethereum has seen a 0. 75% price drop over the past 24 hours of trading. The cryptocurrency is currently exchanging hands at $289 after experiencing a well received 4. 67% price hike over the past 7 trading days.
Nano has suffered a 8.76% price drop over the past 24 hours of trading — however, this comes after…
The post Nano Price Analysis: NANO Making Strong Gains During the Week — Can the Bulls Push Price Above $4 next? appeared first on Invest In Blockchain.
Crypto has taken another tumble: the SEC’s rejection of nine Bitcoin ETFs sent the markets plunging in value. Around $10bn was wiped from the total value; bitcoin (BTC) saw a $300 drop over the few hours before and after the announcement.
Binance Coin has experienced a small 3. 85% drop over the past 24 hours of trading. The cryptocurrency is currently exchanging hands around $9. 50 after experiencing a small 4. 97% price hike over the past 7 trading days.
The cryptocurrency market has shown a marked recovery from its bearish mood which saw Bitcoin drop below $6,000 to a near 2018 low. While Bitcoin stands at $6,500 today – an increase of over 2% in 24 hours, crypto analysts say that only an upward movement above key resistance at $6,675 would indicate a bullish.
Even if prices are fair off from seven days ago, still bears are in charge. The daily chart specifically displays a ball park five percent drop over a 24 hours span in coins as Tron, IOTA and EOS.
Stellar has seen a price decline totalling 4. 09% over the past 24 hours of trading. This comes after Stellar, and the rest of the cryptocurrency market, managed to rebound over 10% over in one trading session, yesterday.
XRP stood firm as crypto markets took a beating on Tuesday. Most coins fell hard, but XRP avoided hitting new lows. Market watchers now wonder if the altcoin might recover faster than other cryptos.
Renowned trader and market commentator Jacob Canfield (@JacobCanfield) has identified XRP as the standout performer among altcoins, sharing a price chart on X that underscores the token’s recent momentum.
Analysts continue to believe in the potential price surge of XRP, predicting that it is still feasible that the crypto will hit the $3 mark. Related Reading: No Sweat! Dogecoin Will Hit $5 ‘Very Easy’ In 2025 – Analyst A market observer even claimed that XRP is on track for a massive price rally in the ongoing digital asset bull market as many cryptocurrencies are hitting all-time highs due to the positive outlook on the industry.
The XRP price recently surged to a three-year high of $1. 6, marking a significant milestone in the cryptocurrency’s recent bullish rally. This remarkable price movement has garnered the attention of many analysts as investors continue to project the trajectory of the price.
Crypto analyst Dark Defender (@DefendDark) has issued a bullish forecast for XRP, projecting a price surge above $5. 85 based on a confluence of technical indicators and chart patterns. Despite recent market stagnation, the analyst highlights several key factors—including the application of Elliott Wave theory—that suggest a significant upward movement is imminent.
On-chain data shows the XRP whales have been making deposits to exchanges recently, something that could be bearish for the asset’s price. XRP Whales Have Made Several Large Moves In The Past Day According to data from the cryptocurrency transaction tracker service Whale Alert, several large moves have been spotted on the XRP network during the past day.
On-chain data shows the total number of sharks and whales on the XRP network has seen a sharp increase recently, a sign that could be bullish for the asset’s price. XRP Sharks & Whales Have Witnessed Their Count Go Up Recently According to data from the on-chain analytics firm Santiment, the shark and whale wallets have registered a notable jump over the past five weeks.
