Ripple Price Analysis: XRP at Potentially Key Turning Point

Ripple price traded to a new weekly high at $0.3384 and later corrected lower against the US dollar. There was a break below a key bullish trend line with support at $0.3250 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair must trade above $0.3260 and the 100 hourly simple moving average to gain traction. Ripple price is showing a few bearish signs against the US Dollar and Bitcoin. XRP/USD must stay above $0.3170 to bounce back above $0.3260 and $0.3300 in the near term.…

This Price Resistance Level May Hold Key to Bitcoin Bull Market

That bitcoin (BTC) may be closing on a long-term bottom is generally accepted by now. After all, the leading cryptocurrency by market value has dropped by close to 70 percent over the last 13 months. The challenge now is to pick up early signs of a long-term bearish-to-bullish trend change, which may be possible with the help of the 10-week simple moving average (SMA). Acting as resistance, that moving average proved a tough nut to crack in the eight weeks to Nov. 14 – the day BTC reentered the bear…

Bitcoin Wallet Forced to Drop Key Privacy Features From Google Play App

Privacy-focused bitcoin wallet Samourai is having its hand forced by Google. According to a Samourai blog post, the wallet provider is disabling privacy features that are key to its design before its latest version, 0.99.4, hits the Google Play store tomorrow. The removed features include Samourai’s Stealth Mode, remote text message (SMS) commands, and SIM Switch Defense (a measure to protect against sim swaps). The privacy restrictions only affect the version of the wallet available on Google Play. To bypass these restrictions, users can also download what Samourai calls the…

Breakout Ahead? Bitcoin Closes on Key Price Hurdle

Bitcoin’s (BTC) bears would be put on the back foot if prices climb past key resistance lined up at $4,140. The leading cryptocurrency jumped to a two-week high of $4,090 earlier today, as expected, ending a weeklong period of low volume consolidation near $3,800. Notably, the break above $4,000 has added further credence to the short-term bearish-to-bullish trend change signaled by the three-day chart on Dec. 20. The job, however, is only half done for bulls, as prices are yet to take out the resistance at $4,140 – the neckline…

Overstock Makes Key Executive Change at Blockchain Subsidiaries

Medici Ventures, the blockchain investment arm of Overstock, is reassigning a top executive to focus on revenue generation at its most prominent portfolio company, tZERO. Steven Hopkins, the chief operating officer of Medici, planned to resign from that job to become chief revenue officer at tZERO, a regulated exchange for security tokens, according to a December 28 Securities and Exchange filing by Overstock. The appointment was to follow the conclusion of a deal in which tZERO would buy 67 percent of the crypto wallet startup Bitsy from Hopkins and his…

Ethereum Price Analysis: ETH Holding Key Support, Could Bounce Soon

Key Highlights ETH price corrected lower recently and traded below the $150 support against the US Dollar. There is a major bullish trend line formed with support at $145 on the hourly chart of ETH/USD (data feed via Kraken). The pair seems to be preparing for an upward move above $152 and $156 in the near term. Ethereum price is holding key supports against the US Dollar and bitcoin. ETH/USD is likely to bounce back above $155 as long as it is above $140. Ethereum Price Analysis Yesterday, ETH price…

Bitcoin Eyes Test of Key Price Hurdle in First Since November

Bitcoin (BTC) could test a key resistance line for the first time in nearly two months. The widely followed 50-day simple moving average (SMA) line is currently located at $3,940 – $100 above bitcoin’s current price of $3,840 – according to Bitstamp data. The crucial SMA line was last put to test on Nov. 8. Back then, the SMA was located at $6,450 and was serving as a stiff resistance. On Nov. 14, BTC nosedived below $6,000, putting the bears back into the driver’s seat.  As a result, the gap…

Bitcoin Price Weekly Analysis: BTC Holding Key Uptrend Support

Key Points Bitcoin price declined recently towards the $3,560 support area against the US Dollar. There is a key bullish trend line formed with support $3,680 on the 4-hours chart of the BTC/USD pair (data feed from Kraken). The pair is currently holding a crucial support and it could bounce back above $3,800 and $3,900. Bitcoin price is holding the key uptrend support near $3,600 against the US Dollar. BTC/USD is likely to resume its upward move above $4,000 in the near term. Bitcoin Price Analysis This past week, bitcoin…

Ripple Price Analysis: XRP Broke Key Support, More Losses Ahead

Key Highlights Ripple price traded lower recently and broke the $0.3550 and $0.3440 supports against the US dollar. There is a major bearish trend line formed with resistance at $0.3560 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair may correct a few points in the near term, but it could face sellers near $0.3550 and $0.3600. Ripple price extended the recent decline against the US Dollar and Bitcoin. XRP/USD is now in a bearish zone and it could decline further towards the $0.3100 level.…

Ripple Price Analysis: XRP Testing Key Uptrend Support, Bounce Ahead?

Key Highlights Ripple price rallied above the $0.4250 and $0.4400 resistance levels recently against the US dollar. There is a key bullish trend line formed with support at $0.3750 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair must stay above the $0.3750 support and the 100 hourly simple moving average to bounce back. Ripple price made a nice upward move against the US Dollar and Bitcoin. XRP/USD may bounce back if it stays above the $0.3750 or $0.3600 support. Ripple Price Analysis Recently, there…