The first target on the upside is $97.9733 and above it $121.427.XRP/USD. After record sales of $251.51 million worth of XRP in Q2 2019, Ripple has drastically reduced the sales in Q3 2019 to $66.24 million, which is a drop of 73.66%. The company said that the XRP sale rate is similar to the inflation rate in Bitcoin and lower than of Ether and Litecoin.
The XRP/USD pair broke above the 20-week EMA but is finding it difficult to sustain above it.
If the pair can sustain above the downtrend line, a new uptrend is likely.
Long-term traders can buy on a close above the downtrend line and keep the stop loss just below the recent low.
The BSV/USD pair has been holding above the $80 support for the past three weeks.
Conversely, if the bulls push the price above $107 and sustain it, the pair might extend its recovery to $138.950 and above it to $188.690.
We will wait for the pair to sustain above $107 before proposing a trade in it.
Aggressive traders can wait for the price to close above $1.05 before buying.
If the bulls can propel in the BNB/USD pair above the channel, it will be a positive sign and will point to a change in trend.
Contrary to our assumption, if the bulls fail to scale above the resistance zone, the bears will attempt to sink the pair below the critical support of $14.2555.
Top-5 Cryptos This Week: XMR, XRP, BSV, LEO, BNB
gepubliceerd op Oct 20, 2019
by Cointele | gepubliceerd op Coinage
Coinage
Recent nieuws
Alles zien
Another mainstream company is seeking approval to invest in crypto
Anthony Scaramucci's investment firm, SkyBridge, seeks approval from the SEC to invest in crypto.
COVID-19 popularized decentralization, but blockchain may not catch on
On Nov. 9, drugmaker Pfizer announced that its COVID-19 vaccine is 90-plus percent effective, and even though it may be premature to proclaim the pandemic's end - as the virus continues to rage in the United States and Europe - once can at least speculate: Where will blockchain adoption stand when the crisis abates?
Bitcoin hits new 2020 high at $16.7K -Traders expect bigger breakout
The price of Bitcoin hit a new yearly high at $16,717 on Binance.
The next big crypto market could be fantasy sports, says Messari
As "Digitally native" ecosystems like esports continue to synergize with blockchain technology, industries like fantasy sports could be primed for mass adoption, says digital research firm Messari.