Ripple (XRP) Price Analysis (February 19)

Key Highlights

  • The US dollar has now forced the XRP price value into a range trading condition.
  • The XRP/USD price now hovers around $0.30 and $0.28 zones.
  • The $0.30 value, again seen as a strong-line retarding free upward ride of the XRP/USD bulls.

Major supply zones: $0.32, $0.34, $0.36
Major demand zones: $0.26, $0.24, $0.22

Ripple (XRP) Price Analysis

After a notable downward price movement in the XRP/USD trade operations, the US dollar has now forced the crypto’s value into a range trading condition. The crypto fell from a high point at $0.34 down to around $0.28 price value.

During trading sessions on February 16, the pair averaged lower towards the major demand zone at a $0.26 mark. Currently, the pair’s value is trading in a range outlook around price zones at $0.30 and $0.28 points.

Ripple Technical Indicators Reading

There has been an interception of the bigger SMA trading indicator by the smaller SMA from the top. And, the 50-day SMA is of more trending flat over the 14-day SMA trading indicator as they both point towards the east direction.

Price also trades around a small space between them. Above all, all these are happening around range price zones of the $0.30 and $0.28 marks of the XRP/USD market.

Conclusion

The XRP/USD market bulls have to make every recuperating move against the bears. But, in the course of that, they have revisited a noted pressurizing point at $0.30. Hence, the reason for the current choppy price movements of the crypto-trade. The $0.30 value has lately observed as a strong-line retarding free upward ride of the bulls in this market. And, as at now, there is no profound indication that the bulls will be sustainably breakthrough it northwardly.

Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (bitcoinexchangeguide.com) holds any responsibility for your financial loss.

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Author: Ben Jordan

Chainlink (LINK) Price Analysis (February 18)

Key Highlights

  • LINK/USD market has predominantly featuring variant degrees of relative increases
  • The LINK/USD market is now trading around its previous high point at $4.5.
  • All the trading indicators yet signify more potential long positions in the LINK/USD market.

  • Major distribution territories: $5, $5.5, $6
  • Major accumulation territories: $3.5, $3, $2.5

Chainlink (LINK) Price Analysis

The price valuation of LINK has predominantly featuring variant degrees of relative increases alongside the trend-line of the 14-day SMA toward the north direction. At a point in time, the crypto’s value retraced a bit downward to touch a low point around $4 mark on February 17.

The LINK/USD market line is now seen back trading around its previous high point at $4.5. From that price point, the crypto may have to wobble its position to the north furthermore.

Chainlink (LINK) Technical Indicators Reading

There has been a long space kept between the two SMA trading indicators. The 50-day SMA trend-line is underneath the 14-day SMA indicator. And, they both trend more towards the north direction to back the current ongoing bullish movements.

Additionally, the Stochastic Oscillators have moved past range 60 briefly to point northwardly. That suggests the pace at which the price has been on an increase as regards the LINK/USD trading stance.

Conclusion

Conclusively, the LINK/USD market operations have over the time dominated by the bulls’ force. The $4.5 price value shows clearly that the LINK/USD market bulls have that point to contend with in their bullish trading cycle. On the contrary, the bears will have to checkmate any eventual uptrend from or a bit lower trade point at $5 mark.


Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (bitcoinexchangeguide.com) holds any responsibility for your financial loss.

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Author: Ben Jordan

Ripple (XRP) Price Analysis (February 17)

Key Highlights

  • XRP market is under a falling force by the US dollar price valuation.
  • XRP/USD pair’s value now averages a low point at $0.26.
  • The XRP/USD traders need to exercise some levels of caution in exerting more sell order presently.

Major resistance levels: $0.32, $0.34, $0.36
Major support levels: $0.24, $0.22, $0.20

Ripple (XRP) Price Analysis

The XRP has been under pressure by the US dollar since February 15 until now. The cryptocurrency started falling while it was unable to push northward beyond $0.34 price level.

The US dollar has brought down the pair’s value towards averaging a low point at $0.26. And, that price line may be broken southward to find a foundation around the immediate major support level at $0.24 mark.

Ripple (XRP) Technical Indicators Reading

In the course of falling price movements, the 14-day SMA trend-line has also curved southward to touch the 50-day SMA trading indicator. The two SMAs are now over the current market/s trading region. That suggests that the XRP/USD trade is yet under bearish pressure,

The Stochastic Oscillators are now consolidating within and around range 20 closer to the oversold region.

Conclusion

The XRP/USD market now appears to regain its lost momentum to an upward price swinging as it trades around a previous low before January 12. A possible crossing-down of the 50-day SMA trading indicator at $0.30 mark by the 14-day SMA will put the pair to a further falling pressure. The bears may not be having the capacity to sustain their positions through the major support levels of $0.24, $0.22, $0.20.

Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (bitcoinexchangeguide.com) holds any responsibility for your financial loss.

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Author: Ben Jordan

Bitcoin Cash (BCH) Price Analysis (February 16)

Key Highlights

  • Lately, there was a slow-increasing mote in the BCH/USD trade worth.
  • As at the time of writing, the crypto’s value looks being under a falling pressure.
  • Neither the bulls nor the bears of the BCH/USD market have had a stronghold of the crypto-trade.

Major distribution territories: $520, $560, $600
Major accumulation territories: $400, $360, $320

Bitcoin Cash (BCH) Price Analysis

Initially, the trade worth of the BCH/USD line had been in a slow-increasing mote until about the last trading sessions on February 14. In a weak appearing manner, on February 15, the crypto’s price begun to fall gradually against its trading SMA indicators.

The crypto’s valuation, to a degree, seems to be an under selling pressure as it is presently traded below the trading indicators.

Bitcoin Cash (BCH) Technical Indicators Reading

The 50-day SMA trend-line lies underneath the 14-day SMA indicator more pointing towards the north-east direction. The 14-day SMA has seemingly bent down towards the bigger SMA. That shows the pace at which an upward price movement has lost lately in the BCH/USD market.

The downward movement of the pair has affirmed by the Stochastic Oscillators as they are now a bit below range 40. And, presently, they attempt to close the hairs around the range region. That may eventually lead to witnessing a level of variant range price movements for a while.

Conclusion

The BCH/USD market operations have not been in an actual sense see a high level of up rise or being in a severe falling mode. The BCH/USD market bulls have only in the recent past succeeded in pushing the value faintly and closely around the buy signal line of the smaller SMA trading indicator. Like wisely, as at the time of writing, the bears are seemingly making a reversal formation at a $440 market territory. That suggests that the BCH/USD market may have to experience a chain of range price movements further.

Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (bitcoinexchangeguide.com) holds any responsibility for your financial loss.

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Author: Ben Jordan

MONERO (XMR) Price Analysis (February 15)

Key Highlights

  • There have been long series of relative up rises in the XMR/USD market activities.
  •  The XRM/USD market has maintained a range interval of $10 point in its current major trading zones until the present.
  • The crypto’s worth is most likely now prone to face retracement below or around the $100 market line.

Major supply zones: $110, $120, $130
Major demand zones: $60, $50, $40

Monero (XMR) Price Analysis

There have been long series of small price up-running in the XMR/USD market conditions over the time. In other words, the crypto has been quite gaining the advantage of the trade at the low weakness of the US dollar.

In the long run-term, so far, the market has maintained a range interval of $10 point in its current major trading zones until the present. The US dollar now looks like getting $100 price line to relatively have the market’s possession.

Monero (XMR) Technical Indicators Reading

The 50-day SMA trend-line is underneath the 14-day SMA trading indicator. And, they are notably separated by a wide space. The two SMAs yet point towards the north to signify the bullish status of the XMR/USD trade may have not completely exhausted.

Even in its consolidation moving mode over a couple of trading day sessions, the Stochastic Oscillators have equally kept to tightly move the hairs within the overbought region. And, it has been in the favor of the bulls.

Conclusion

There has seemingly been a systematic upswing in the valuation of XMR as traded against the worth of the US dollar over a number of trading sessions. The crypto’s worth is most likely now prone to face retracement below or around the $100 market line.

Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (bitcoinexchangeguide.com) holds any responsibility for your financial loss.

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Author: Ben Jordan

Binance Coin (BNB) Price Analysis (February 15)

Key Highlights

  • BNB/USD trade operations have somewhat been on an increase.
  • The US dollar, at this point, has to place the crypto’s price under slow-moving forces around $24 market point.
  • The BNB/USD market bulls may not be having it further smoother against the bears in the movement pathway to the north.

Major supply zones: $32, $36, $40
Major demand zones: $16, $12, $8

Binance Coin (BNB) Price Analysis

BNB/USD trade operations have somewhat been on an increase in valuation for quite a while. Around January 14, until the present, the market worth of BNB has continued to trade through the buy signal trend-line of its smaller SMA indicator.

On February 6, the crypto successfully broke through a supply zone at $20 mark to set a sustainable stance in the market, to now trade closer to a high value at $28 point. The US dollar, at this point, has to place the crypto’s price under slow-moving forces around $24 market point.

Binance Coin (BNB) Technical Indicators Reading

The 14-day SMA trading indicator has over time being on top of the 50-day SMA to supply the crypto with the bullish signal needed in the north direction. The 50-day SMA trend-line maintains a point over $16 mark to solidify its sitting of the major demand zone at that line.

The SMA trading indicators yet point northward to signify the possibility of not seeing a quick downturn in the BNB/USD market. The Stochastic Oscillators are now moving in a consolidation mode within the overbought region. That suggests that the BNB/USD market is now facing an indecision trading situation.

Conclusion

After a long and relative up rises in the BNB/USD market operations, the bulls have to stably push past $28 mark to the north to gain a stance for more ups against a falling price movement from that line. It is equally envisaged that the bulls may not be having smoother against the bears in the movement pathway to the north.

Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (bitcoinexchangeguide.com) holds any responsibility for your financial loss.

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Author: Ben Jordan

Ripple (XRP) Price Analysis (February 14)

Key Highlights

  • XRP/USD market now trades in a correctional moving mote around $0.32 value.
  • Trading around $0.34 and $0.32 price values may generate into seeing line of further range market movements.
  • More bullish upward movements are imminent in this crypto market operation.

Major distribution territories: $0.36, $0.38, $0.40
Major accumulation territories: $0.28, $0.26, $0.24

Ripple (XRP) Price Analysis

As at the time of writing, the XRP/USD market is traded in a correctional moving mote around $0.32 value. The US dollar may have to continue losing relative to the valuation of the crypto.

The present main trading territories are now found around $0.34 and $0.32 points. And, that may generate into seeing line of further range market movements.

Ripple Technical Indicators Reading

The 14-day SMA trading indicator has separated from the 50-day SMA And, the space between them appears wide to the extent that it may not close in the near time. The 50-day SMA trend-line is a bit over $0.28 price line indicates the degree of having the first major accumulation territory at that point.

The Stochastic Oscillators have briefly bent in its current consolidation moving mode. And, they have slightly crossed to point to the north below range 80. That suggests further bullish trend expectation in the offing.

Conclusion

The smaller SMA’s trend-line path to the north direction yet signifies that the XRP/USD market bulls may restraint any attempt that the bears will be attempting to stage a come-back. The crypto pair has the probability to witness a line of choppy price movements around market values at $0.34 and $0.32.

Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (bitcoinexchangeguide.com) holds any responsibility for your financial loss.

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Author: Ben Jordan

Ripple (XRP) Price Analysis (February 13)

Key Highlights

  • XRP/USD market has managed to spring northward to hit a high resistance point at $0.34 mark.
  • As at the time of writing, the US dollar cannot ensure a quick come-back in this trade.
  • The market lines between $0.34 and $0.30 are prone to witnessing variant formations of trading activities for some hours or a few days.

Major resistance levels: $0.36, $0.38, $0.40
Major support levels: $0.28, $0.26, $0.24

Ripple (XRP) Price Analysis

XRP/USD price valuation has eventually strived to surge upwards to touch a high resistance market line at a $0.34 mark today. A vital resistance point at $0.30 has been pushed-off over northwardly to now serve as the first main point that any downward price movement will have a breakthrough before probably thinking of the crypto’s possibility of losing momentum in the present upward swings.

The USD hasn’t had a strong stance to presently suggest its gaining of grand against the base cryptocurrency.

Ripple Technical Indicators Reading

The 14-day trading indicator still points to the north direction below the current market position. There is a space between the 14-day SMA and the 50-day SMA while the latter is located a bit over the current major support level at $0.28 price line. That adds more to the validation of setting the first support line at that price point.

The Stochastic Oscillators still consolidate around the overbought region and range 80. But, the bulls are being in favor of the hovering moves.

Conclusion

The XRP/USD market bulls are still to some extent being in the control of this crypto market until now. However, another strong resistance line has just been hit at a $0.34 mark. And, that price line and $0.30 point are potentially prone to witnessing variant formations of trading activities for a number of hours or a few days.

Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (bitcoinexchangeguide.com) holds any responsibility for your financial loss.

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Author: Ben Jordan

Ripple (XRP) Price Analysis (February 12)

Key Highlights

  • There have been notable sequential increases in the valuation of the XRP/USD trade.
  • Most indications support that the XRP/USD bulls are still relatively in the control of this crypto market.
  • The XRP/USD market’s upswing is facing a critical line around $0.30 mark.

  • Major supply zones: $0.32, $0.34, $0.36
  • Major demand zones: $0.26, $0.24, $0.22

Ripple (XRP) Price Analysis

XRP price has been significantly witnessing sequential increases in valuation against the US dollar trade stance in the crypto-market. The rises occurred while the fiat money lost its value after a light push downwards the bigger SMA trend-line a bit over the current immediate demand zone at $0.26 mark.

From a careful looking point of the current XRP/USD market situation, the cryptocurrency has been mustering up energy at the weakening line of the fiat currency.

Ripple Technical Indicators Reading

The two trading SMA trend-lines were almost conjoined, but they have slightly separated and bent a little towards the north. They are both underneath the present market trading point.

The SMA indicators now still show that the bulls; are to a degree capacity have control of the XRP/USD market. The Stochastic Oscillators have also begun to consolidate around range 80. That indicates a kind of small ups and downs to be experienced in no time.

Conclusion

XRP price has to now move further upwards above its present long-standing critical zone of $0.30 mark to affirm a sound bullish market continuation movement of this crypto-trade. Notably, safe bullish entries of this crypto-trade, are most of the time, lie in the reversal of low downward price movements.

Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (bitcoinexchangeguide.com) holds any responsibility for your financial loss.

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Author: Ben Jordan

Ripple (XRP) Price Analysis (February 10)

Key Highlights

  • XRP market valuation had been on an increase to outweigh the US dollar price worth.
  • XRP/USD pair has the potential ability to build up the energy between the $0.28 and $0.26 price levels.
  • The XRP/USD market bears may lack sustainability at any possible breakdown move of $0.26 mark.

Major resistance levels: $0.30, $0.32, $0.34

Major support levels: $0.24, $0.22, $0.20

Ripple (XRP) Price Analysis

The market value of XRP had been an increase to outweigh the US dollar price until early trading sessions on February 5. Since then, the pair has been chopping around $0.28 mark until the present.

The crypto trade has the potential ability to build up the energy between the $0.28 and $0.26 price levels. That may only be in the womb of time before seeing another round of variant rises in the XRP/USD market activities.

Ripple Technical Indicators Reading

The 14-day SMA trend-line has over the time been on top of the 50-day SMA indicator. Meanwhile, the smaller SMA indicator now maintains a perfect flat posture tightly to the $0.28 price line.

Price has been trading around a small space between the two SMA trading indicators. The Stochastic Oscillators have crossed downward in an attempt to make a reversal cross a bit above range 20. That calls for a caution against the backdrop of seeing the XRP/USD trade value declining more.

Conclusion

Indications now have had it that the XRP/USD market operations will still undergo more price range movements. The bears have seemingly appeared unable to push the market line southwards past the 50-day SMA. In the meantime, the $0.30 mark remains major resistance level of the XRP/USD market bulls.

Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (bitcoinexchangeguide.com) holds any responsibility for your financial loss.

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Author: Ben Jordan