Ripple Price Prediction: XRP/USD Trades in the Range Around $0.73

Ripple Price Prediction – August 4

As the daily chart reveals, the Ripple price has not been able to develop the upside momentum above the $0.75 level.

XRP/USD Market

Key Levels:

Resistance levels: $0.90, $0.95, $1.00

Support levels: $0.60, $0.55, $0.50

XRPUSD – Daily Chart

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At the opening of the trading today, XRP/USD is seen trading near the resistance level of $0.75. Unfortunately, the coin failed to hold the ground above this level as it quickly retreated towards the support of $0.65. Moreover, XRP/USD has been following a sideways movement for the past few weeks. Therefore, the coin may now remain at a tight range which could limit its bullish movement towards the upside.

Ripple Price Prediction: Ripple Price May Escalate

The Ripple price commences an intriguing recovery towards a $0.80 resistance level and the initial break above the upper boundary of the channel may boost the … Read more

Bitcoin (BTC) Price Prediction: BTC/USD Retraces as Bitcoin Targets $36,000 Low

Bitcoin (BTC) Falls to the Range- Bound Zone as Bitcoin Targets $36,000 Low – August 3, 2021

On July 31, BTC/USD faced rejection from the $42,400 high as Bitcoin targets $36,000 low. This has compelled Bitcoin to decline to the downside. Bitcoin bulls have failed to sustain the bullish momentum above the $42,451 resistance. The implication is that the king coin is likely to resume the range-bound move between $30,000 and $42,451.

Resistance Levels: $45,000, $46,000, $47,000
Support Levels: $40,000, $39,000, $38,000

BTC/USD – Daily Chart
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Bitcoin (BTC) has resumed a downward move after the failure of the bulls to continue the upside momentum. The BTC price will only continue the upside momentum when the $40,000 to $42,451 resistance zones are cleared. In the meantime, BTC’s price is likely to fall and extend the downtrend to the low of $36,000. However, the selling pressure will persist … Read more

#1 Cryptocurrency Trader to Follow – ‘ETH will flip BTC by end of 2022’

Perhaps the best cryptocurrency trader to follow on Twitter, Pentoshi trades with millions of dollars and passed the 200k follower mark after predicting the $64k top (posting the chart above in February) and then selling at it.

On his handle @Pentosh1 he alerted Crypto Twitter – or CT as it’s known – of several red flags on multiple timeframes:

  • On the daily chart the Bitcoin price broke out after consolidating for 50 days, but quickly fell back into the range
  • The weekly candle was looking ugly – at the time forming a bearish gravestone doji
  • The monthly candle was also potentially forming a doji

Selling the Top

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Bitcoin Price Prediction: BTC/USD Retraces Above $38,500

Bitcoin Price Prediction – July 30

As reveals by the daily chart, the Bitcoin price is making a come-back after touching the daily low of $38,342.

BTC/USD Long-term Trend: Ranging (Daily Chart)

Key levels:

Resistance Levels: $44,000, $46,000, $48,000

Support Levels: $36,000, $34,000, $32,000

BTCUSD – Daily Chart

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At the time of writing, BTC/USD is teetering at $40,258. There have been instances when BTC has exchanged hands above $42,000 sustaining the bullish price action is an uphill task. However, the path of least resistance is still ranging as the daily chart shows that the king coin remains below the upper boundary of the channel.

Bitcoin Price Prediction: Would Bitcoin Break Above $40,000?

If pennant support gives way on the daily chart, even $38,000 may not be held as support. Therefore, after a pit stop at the support level of $38,342 within the channel, the Bitcoin price is … Read more