2023-1-16 23:44 |
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After enduring a two-month-long consolidation alongside lacklustre on-chain activity, Bitcoin recoiled upon tapping the $25,000 resistance level on August 15, once more affirming to bulls that there was still a lot of work to be done.
2022-9-2 22:20 | |
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The top three cryptocurrencies by market cap — Bitcoin, Ethereum, and XRP — made headlines after breaking out of a two-month-long stagnation period. While prices seem to be trading up,...
2020-7-28 17:52 | |
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CryptoNinjas - Bitcoin, Cryptocurrency & Blockchain Asset SourcebloXroute Labs, a technology start-up developing a ‘Blockchain Distribution Network (BDN)’ to scale all blockchains, announced today the results from their two-month-long Bitcoin Cash mining test performed live on the BCH testnet.
2019-7-11 18:58 | |
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While XRP retests a crucial support area, some analysts have suggested that the altcoin is preparing for a massive expansion in the coming months, as a potential trend reversal begins to form and its 2017 formula repeats.
Ripple CEO Brad Garlinghouse has commented on the latest CPI data, which shows that inflation has remained steady in the U. S. Garlinghouse highlighted the potential impact that the pro-crypto policies may have had on the soft inflation data.
XRP is consolidating above the $2 mark after a volatile stretch, as the market begins to wake up and traders watch for the next directional move. While price action remains relatively stable, on-chain data suggests that selling pressure from large holders may be easing, creating a more constructive short-term backdrop for bulls.
A crypto analyst has announced that the XRP price has just entered a neutral state and could be gearing up for a major rally. He explains how this phase has historically appeared before strong rallies and outlines what the current market structure may signal for XRP moving forward.
Market analyst Egrag Crypto said the XRP price structure remains largely bullish despite the cryptocurrency’s recent struggles to break above $2. The analyst has presented a chart analysis showing XRP slowly approaching a key decision zone that could determine its next upward move and push it firmly out of its current consolidation.
XRP is tightening up at a critical breakout level, with price action suggesting the market is coiling for its next decisive move. While short-term volatility has cooled, the broader structure remains constructive, pointing to a potential expansion phase as compression builds near key resistance.
Despite its slow momentum over the past few weeks, XRP is still on analysts’ radar as they look beyond its dollar price action and into its performance against gold. One analyst has said that the long-term XRP/Gold ratio has just reached a historical support zone, signaling a familiar technical setup that could determine its next move.