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Analysis

Ripple price analysis: XRP/USD down 9%, $0.70 gave way, despite all the buzz about spectacular Ripple Community Night

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  • Ripple feels pain as the price dips below $0.70.
  • Ripple Community Night failed to pump XRP. 

Ripple has lost over 9% over one trading day. The third largest coin by market cap dropped below $0.70 handle and reached early Asian low of $0.66 before recovering to $0.6724.

Ripple developers team has released  Ripple 1.0 protocol, which is supposed to bring a number of improvements and new features. The news was announced at Ripple Community Night, a VIP event that featured Snoop Dogg performance.

While both events were supposed to have a positive effect on Ripple price, the coin chose to drift lower with the rest of the cryptocurrency market.

Ripple’s technical picture

Currently, Ripple is changing hands at $0.6724 handle, well below all short-term MA levels and below $0.700 handle. The support is created by $0.66 (Asian low). Further down, $0.6310 (May 12 low) will come into focus. On the  upside, the key short-term resistance is created by $0.70 followed by $0.7170 (50-SMA, hourly chart).

XRP/USD, the hourly chart

XRP/USD, the hourly chart

 

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Analysis

EOS Technical Analysis: AUGUST 20, 2018

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EOS Technical Analysis

From the News

  • Huobi Global resumes EOS withdrawal after earlier suspension citing insufficient CPU resources.

Technical Analysis

EOS Technical Analysis

EOS Daily Chart by Trading View

Two days after the conclusion of that three-bar reversal pattern we mentioned in our last EOS trade plan, upsides are unexpectedly limited.

Notice that EOS prices are still consolidating inside Aug 17 bullish engulfing high low but are likely to edge higher this week providing opportunities for short traders to load up positions at $7, our immediate resistance line and previous break out level.

Remember, despite these higher highs, bears are overwhelmingly in charge considering the last two or three months trend.

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Analysis

Crypto News Flash: Bitcoin (BTC), Ethereum (ETH), Ripple and XRP, VeChain (VET), Cardano (ADA), IOTA

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From Bitcoin’s expansion in North America to a new crypto conference on Capitol Hill, here’s a look at some of the stories happening in the world of crypto.

Bitcoin (BTC) and Ethereum (ETH)

Square’s Cash App now supports Bitcoin in all 50 states across the US, which means all 33.5 million users can now use the platform to buy and sell BTC.

Meanwhile, a new partnership is bringing more than a million people to a zero-fee trading platform for Bitcoin and Ethereum. The new pact brings BRD’s 1.2 million customers to Canada’s crypto trading platform Coinberry.

Ripple and XRP

Republican Congressman Warren Davidson has invited Ripple and 32 leaders in the crypto space to talk about ICO regulations. The list of invites includes NASDAQ, Kraken, CME Group, Circle and Intercontinental Exchange (ICE), which is forming Bakkt, a new crypto trading platform.

The meeting is scheduled to happen on Capitol Hill on September 25th.

Cardano (ADA)

Cardano has released its latest weekly. Th report highlights progress on the platform’s IELE testnet and Daedalus wallet. The company has also listed new job openings.

IOTA 

IOTA’s lead developer has dropped a new update on IOTA’s Trinity wallet, announcing that the desktop release is on the horizon.

VeChain (VET)

VeChain CEO Sunny Lu is gearing up for a Q&A. The YouTube link is already live, with the session scheduled for 6:00 a.m. PST Monday.

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Analysis

EOS price analysis: Trapped in a triangle; some time before a breakout

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  • EOS stuck in a triangle on the medium term chart.
  • Retraces from upper end.

EOS is stuck in a triangle that is slopinhg on the downside and the price has started retracing from upper end of the triangle on the medium term chart, although it is still some time before the breakout of this traingle occurs.

EOS/USD is up nearly 3 percent at $5.07 just around high point of the day. On the 480-minute chart, this crypto has got itself stuck in a downward sloping channel and the price is retracing from the upper end of the triangle.

Next move is on the downside where the lower end of the triangle will come at the rescue and then comes probably a breakout point – most likely on the upside.

EOS/USD 480-minute chart:

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