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#Daily Price Analysis

Ripple Price Analysis XRP/USD Can Regain Strength above $0.45, 12 July.

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Ripple price influenced a pleasant upside to move before confronting venders close $0.5245 against the US dollar with support at $0.4750.

Ripple Price Key Highlights

  • Ripple price is exchanging a range beneath a key resistance at $0.4500 against the US dollar.
  • Yesterday’s featured major declining channel is as yet dynamic with resistance at $0.4480 on the hourly diagram of the XRP/USD combine (information source from Kraken).
  • The match is probably going to clear the $0.4480 and $0.4500 resistances as long as it is above $0.4380.

Ripple price is combining in a little range against the US Dollar and Bitcoin. XRP/USD faces intense resistances close $0.4500 and $0.4520 for a not too bad recuperation.

Ripple Price Resistance

As of late, we saw a major drawback move beneath the $0.5000 rotate level in Ripple price against the US Dollar. The XRP/USD combine tumbled and settled underneath the $0.4500 support. It exchanged as low as $0.4394 and is as of now uniting misfortunes. There was a minor upside move over the $0.4400 level, yet upsides were topped. The 23.6% Fib retracement level of the last drop from the $0.4879 high to $0.4394 low went about as a resistance.

Ripple price is gradually moving lower and is as of now exchanging close $0.4450. It appears as though yesterday’s featured major declining channel is as yet dynamic with resistance at $0.4480 on the hourly outline of the XRP/USD match. A break over the channel resistance could drive Ripple price toward the $0.4500 and $0.4510 resistance levels. Over these, there are odds of more picks up in XRP. The following significant resistance is at $0.4640 and the 100 hourly straightforward moving normals.

Ripple Price XRP to USD Chart 12 July

Ripple Price XRP to USD Chart 12 July

Taking a gander at the outline, Ripple price may maybe keep on trading in a range above $0.4400. For whatever length of time that the $0.4400 and $0.4380 support levels are unblemished, ripple could move over the $0.4500 resistance. On the other side, a break underneath $0.4380 may well clear the way for more decreases towards $0.4200.

Taking a gander at the specialized pointers:

Hourly MACD – The MACD for XRP/USD is at present nonpartisan in the bullish zone.

Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is still beneath the 50 level.

Major Support Level – $0.4380

Major Resistance Level – $0.4500

#Bitcoin Price Analysis

Bitcoin Price Analysis: Will BTC Rise Again?

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Bitcoin price improved more than 8% yesterday after the successful bitcoin cash hard fork completion. Bitcoin price fell down from $6500 to a whopping low of $5190 before the BCH hard fork. The price started to experience improvements after the hard fork and went above the $5770 mark but the market could not sustain the bullish momentum for a long time and fell down up to $5555. BTC is currently trading at $5615 (at the time of writing).
The bitcoin market volume has decreased and the bull run is expected not before the upcoming week. The support level of the BTC lies around $5598 and the resistance around $5622. Bitcoin price needs to break the resistance level in order to move above the desired $6000 mark.

 

BTCUSD 5 day chart

BTCUSD 5 day chart

 

BTC is currently trading at the year’s lowest price range where the traders are worried about further losses. However financial analysts believe that bitcoin price is likely to rise a little at the end of 2018 up to the start of 2019. Traders also believe that 2019 end and 2020 will be the year of a major cryptocurrency bull momentum because of the predicted financial crisis of 2020. Investors and financial analyst believe that people will be forced to move towards assets such as gold and cryptocurrencies with the predicted downfall of the US dollar.

 

BTCUSD 24 hour chart

BTCUSD 24 hour chart

 

Looking at the 24-hour chart bitcoin price fell down from $5750 up to $5555. The price is currently trying to tackle the bear attack but is experiencing hurdles. Bitcoin price may likely improve up to $5700 today but the major improvement is predicted when the volume increases, most likely next week.

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#Bitcoin Cash Price Analysis

Bitcoin Cash Price Analysis: BCH post fork downfall

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Bitcoin cash price exchanged beneath the key $400 support. BCH/USD could amend higher, however, dealers are probably going to show up close $420 or $450. 

MACD – Set in the bullish zone.

Relative Strength Index – Cose to the 40 level.

Significant Support Level – $360

Significant Resistance Level – $405

 

Key Points

  • Bitcoin cash price expanded misfortunes and exchanged beneath the $400 level against the US Dollar.
  • There are two key bearish pattern lines set up with resistance at $420 and $450 on the hourly diagram of the BCH/USD pair (information feed from Kraken).
  • The pair stays at a danger of more misfortunes underneath the $360 level in the close term.

Bitcoin cash price exchanged beneath the key $400 support against the US Dollar. BCH/USD could amend higher, however, dealers are probably going to show up close $420 or $450.

 

Bitcoin Cash Price Analysis

Recently, we examined that bitcoin cash price could broaden misfortunes beneath $400 against the US Dollar. The BCH/USD pair remedied a couple of focuses as of late, yet it neglected to break the $450 resistance. Afterwards, there was a sharp drawback move and the price declined underneath the $420 and $400 supports. A new low was shaped at $360 and the price is currently exchanging admirably beneath the 100 hourly basic moving normal.

Right now, the price is solidifying misfortunes around the $380 level. It appears as though the 23.6% Lie retracement dimension of the last slide from the $451 high to $360 low is going about as a resistance. In addition, there are two key bearish pattern lines set up with resistance at $420 and $450 on the hourly outline of the BCH/USD pair. The principal bearish pattern line concurs with the half Lie retracement dimension of the last slide from the $451 high to $360 low. Consequently, the $400-405 zone could forestall gains in the close term.

 

BCH USD 1 day chart

BCH USD 1 day chart

 

Taking a gander at the diagram, Bitcoin cash price could rectify a couple of focuses above $390. Notwithstanding, purchasers are probably going to battle close $400, $405, $420 lastly $450. On the drawback, the following focus for sellers could be $350.

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#Daily Price Analysis

Cryptocurrency Market losers of the day: BCH, XLM, IOTA, ETC and ADA

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The Cryptocurrency market faced huge bearish momentum in the last 24 hours with the upcoming bitcoin cash hardfork on the head.

The Cryptocurrency market faced huge bearish momentum in the last 24 hours with the upcoming bitcoin cash hardfork on the head. All major cryptocurrencies fell at least 15% to 20% in just a few hours.

Bitcoin Cash Price Analysis

BCHUSD 1 day chart

BCHUSD 1 day chart

Bitcoin Cash Price fell down from $534 to a sliding price of $421 falling more than 23% in the last 24 hours. The price fall is probably because of the upcoming hardfork of the cryptocurrency. BCH has major support at $426 and the major resistance at around $450. BCH is currently trading at $439.4 (at the time of writing). The price is expected to rise after the hardfork is successful.

 

Stellar Price Analysis

XLMUSD 1 day chart

XLMUSD 1 day chart

XLM Price showed massive bearish momentum in the last 24 hours with the cryptocurrency falling from $0.262 up to $0.222. The cryptocurrency is currently trading around $0.2318 with the major support at $0.2258 and the resistance at $0.2374. XLM price may experience some more bearish momentum before gaining bullish pace again.

 

IOTA Price Analysis

IOTAUSD 1 day chart

IOTAUSD 1 day chart

IOTA Price fell massively ranging between $0.51 up to $0.405 showing a massive downfall of more than 19% in the last 24 hours. The cryptocurrency is currently trading at around The major support is $0.406 with the major support at $0.4 and the resistance at around $0.416. A little bullish momentum is foreseen in the upcoming few hours.

 

Ethereum Classic Price Analysis

ETCUSD 1 day chart

ETCUSD 1 day chart

ETC Price fell more than 18% in the last 24 hours with the cryptocurrency trading at $9.42 yesterday falling up to $6.8 today. The cryptocurrency is currently trading at $7.77 (at the time of writing) with the major support at $7.56 and resistance at $8.22.

 

Cardano Price Analysis

ADAUSD 1 day chart

ADAUSD 1 day chart

Cardano also followed the market downtrend with ADA Price falling over 17% in the last 24 hours. The coin experienced massive bearish attack with the price falling from $0.074 up to $0.054. The cryptocurrency is currently trading around $0.059 with the major support at $0.058 and the resistance at $0.064. The coin is expected to rise and settle at a better price in the upcoming few hours.

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