Get the weekly summary of crypto market analysis, news, and forecasts! This Week’s Summary The crypto market ends the week at a total market capitalization of $2,17 trillion. Bitcoin continues to trade at around $62,300. Ethereum experiences no changes and stagnates at around $2,400. XRP is down by 2%, Solana by 1%, and Dogecoin by 3%. Almost all altcoins are trading in the red, with very few exceptions. The DeFi sector decreased the total value of protocols (TVL) to around…
XRP Forecast
Ethereum Needs to Surge Above 100 SMA; Ripple (XRP) is Ready to Move Below $0.18
ETH/USD Pair Price Analysis The ETH/USD pair declined steadily from $185 in the previous few sessions. It continued beneath the key $175 support as well as the 100 hourly SMA. It was able to test the $165 support zone and it is now consolidating losses. A look at the upside on the pair’s hourly chart shows the first barrier close to $173 which is the recent breakdown area. The initial major resistance is close to $175 since it is near the…
5 years ago
ETH is Likely To Move Towards $200 while XRP Is Ready $0.20 levels
ETH/USD Pair Price Analysis The ETH/USD pair incurred a steep increase over $165 and $175 barriers within the previous few days. The pair continued to the upside over $180 barrier and established itself over the 100 hourly SMA. It attained a fresh monthly high close to $188 prior to the beginning of a downside retracement. It incurred a retracement beneath $180, but the buyers defended the key $175 support zone. It appears that a powerful support base is being formed…
5 years ago
ETH Could Incur a Rally While XRP is Ready for one
ETH/USD Pair Price Analysis The ETH against the USD pair experienced a modest recovery over the barrier at $155 within the previous three sessions. The pair settled well over $155 pivot level as well as the 100 hourly SMA. As it continued to the upside, it was able to test the initial major barrier close to $160. Nevertheless, a look at the pair’s hourly chart shows two active declining trend lines in the week with barrier close to $160 and…
5 years ago
Ethereum Price Moving Towards a Major Resistance; XRP May Retrace To $0.165
ETH/USD Pair Price Analysis The ETH/USD pair was able to settle beneath $160 before it began a new bearish wave. This led to price levels beneath $155 into a short-term bearish area. The pair continued beneath $150 and established itself beneath the 100 hourly SMA, thereby attaining a fresh monthly low at $148. It started retracing after it broke the barrier at $152. Nevertheless, it is currently encountering some barriers close to area between $156 and $157. On the pair’s…
5 years ago
Risks of Bounce Increase for Ethereum; XRP is at Risk of a Huge Decline
ETH/USD Pair Analysis In recent times, the ETH/USD pair began a modest upsurge from the $150 support zone. The pair surged higher over the barriers at $155 and $160. A look at the pair’s hourly chart shows the formation of two major declining trend lines with barrier close to $161 and $165. The pair was able to form a swing high close to $163 and the pair fell heavily. The latest fall led to a break of the $150 support…
5 years ago
ETH May Test Levels Above $175; Possibility of Huge Decline For XRP
The $175 barrier mark was tested by the ETH/USD pair just before a subsequent minor correction. While the pair dropped below $170 as a result, it still was over $168. The latest high attained by the pair was close to $173 and it is now consolidating gains. Powerful support is however being formed at around $170. The hourly chart shows the formation of a key contracting triangle with the barrier near the $174 mark. If the ETH/USD pair can surge…
5 years ago
BTC Expects Further Gain Approaching $7.8k; XRP May Keep Rising
A downside dip began on the BTC/USD pair from its $7,447 monthly high. The price tested the $7k to $7.1k key demand area, having returned to the upside recently. Yesterday saw significant upswings over two barrier levels ($7k and $7.2k). Having cleared the $7.4k level, it was however can reach the $7.5k mark. While the pair broke the $7.2k support zone buyers protected the demand area between $7k and $7.1k and maintained over the 100 hourly SMA. The price has…
5 years ago
ETH Set For a Quick Rally as XRP Traders Keen on New Monthly High Above $0.20
Recently, the ETH/USD pair has tried to stabilize above the $145 barrier. However, it couldn't achieve that. It initially formed a swing high near the $ 146 level only to dip below $ 142. That notwithstanding both the Support at $140 support and 100 hourly SMA protected decline. Currently, the pair is experiencing an upside and is over $142. Curtailed Gains Examining the pair's hourly chart indicates a surge over a crucial selling trend line with a barrier near $142.…
5 years ago
XRP Faces A Rally Possibility in The Short Term
The XRP/USD pair is still dropping and showing signs of even bigger downtrends to below $0.2650. The pair hit the $0.2240 support zone, but there is also a likelihood of positive retracement in the near term. Recently, the asset dropped significantly from $0.265, breaking several support zones near $0.2500, and 0.2450 thus setting a short term plunging-trend. Later the pair continued to break beneath the 0.2350 support and settled below the 100 hourly SMA. This severe drop led to a…
5 years ago