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XRP Fibonacci analysis135 Million More XRP Added By Whales; Is Next Pump Near? XRP, Ripple’s native crypto price took a hit on Saturday following the broad sell sentiment in the digital asset market. However, this price drop has also broken the XRP’s long gaining run. The price movement has allowed crypto whales to add more XRP coins to their wallets. Whales’ fav choice, XRP? As per data, XRP price is up by 46% in the last 30 days. However, the biggest digital assets like Bitcoin (BTC) and Ethereum (ETH) prices have dropped by 4% and 17% in the same period, respectively. Meanwhile, XRP price has dropped by around 4% in the last 24 hours. This price dip has spiked the interest of the whales. As per the Whale Alerts, more than 135 million XRO coins have been moved from several crypto exchanges to multiple unknown wallets. Over $66 million worth of XRP coins were bought by the whale wallets in the last 24 hours. The biggest transaction recorded by the tracker has been of a whale accumulating more than $19.1 million worth of XRP. The transaction took on the Bitstamp crypto exchange. However, more than 86 million XRP coins have been acquired by the whales from the same exchange. Whale Alert also reported that around 122 million XRP were moved from some unknown wallet to another. Meanwhile, $10.7 million worth of XRPs were moved from whale wallet to Bitstamp crypto exchange to sell. Is case rulings helping the coin? XRP is trading at an average price of $0.48, at the press time. It is 24 hour trading volume has dropped by 52% to stand at $1.02 billion. Despite facing the long runing legal battle with the SEC, Ripple’s XRP has managed to stay on the list of top 10 digital currencies. XRP is holding a market cap of $24 billion. However, the recent rulings in the crucial lawsuit have proved to be good for Ripple. It has pumped the investor’s sentiments in the favor of the XRP. Source: coingape
BITFINEX:XRPUSD
by MercaPlace
1
Litecoin Recovers the $50'sLitecoin tumbled through our support levels at the base of the $50 handle, testing $49, before a swift buy-back clawed back the $50 handle. We broke through our level at $50.64 and are currently testing $51.92. It appears as though we may recover the range it has been holding for the past month, between $51.92 and $55.84. We will need more momentum to come through before we can teset the upper bound again, where we expect resistance to hold. Otherwise, $50.64 should hold as a lower bound.
BITSTAMP:LTCUSDShort
by quantguy
Ethereum Claws Back the $1300'sEthereum dipped deep into the $1100's after US CPI indicated yet again that inflation remains high, beating expectations. The dip was swiftly bought back, and we recovered the $1200's almost immediately, breaking through our level at $1235. Currently, appear to be making a run for the high $1300's with $1341 a barrier for now. Readers should have been prepared for resistance here, as we have highlighted this level daily for a while. Red triangles on the KRI are confirming resistance at this level. If we break through, then the next target is $1424, but this is ambitious. If we retrace, $1235 should provide support.
BITSTAMP:ETHUSDShort
by quantguy
3
Bitcoin Recovers After SelloffBitcoin sold off sharply after US CPI showed that inflation was yet again hotter than expected. This confirms the Fed's rate hike trajectory, which some were hoping would pivot after signs of inflation cooling. Initially, Bitcoin sold off hard with the news, breaking through our level at $18.6K. But soon after the selloff, Bitcoin pivoted and recovered the losses. We quickly recovered back to the $19K's, breaking through $19.0K with ease and then $19.5K. Dedicated readers should have been prepared for resistance at $20K, as we have been highlighting this as a barrier for Bitcoin for a while. Sure enough, we are currently facing resistance here. We will need a lot more momentum to break through to recover the $20K's. Expect support in the $19K's, with $18.6K a floor price for now.
BITSTAMP:BTCUSDShort
by quantguy
Litecoin Breaks Support!Litecoin has slipped from support at $51.92, which has provided support all month. We are currently testing $50.64, which is a level we have mentioned many times here in these reports, and one dedicated readers should remember. This is our expectation for a lower bound, and if this does not hold the next support level is $45.48, deep in the $40 handle. If we are able to pivot from here, we must break through $51.92 again before considering $55.84 again, the upper bound of the range.
BITSTAMP:LTCUSDShort
by quantguy
Bitcoin Awaits Inflation DataBitcoin is looking weak, but is holding strong around $19.0K exactly. We have been holding a narrow range around this level all week, with green and red triangles on the KRI around the highs and lows of range, respectively, to provide confirmation of consolidation of volatility. The entire markets are hinging on this CPI print, and crypto is no different. If CPI comes out hot, then this will confirm the Fed's hawkish stance and the markets will likely reel back yet again. A cooler print may indicate a peak in decades high persistent inflation that will give the markets the green light to rally. If so, $19.5K is the next target, but we do not anticipate much more momentum after that, with $20K a likely ceiling. If we reject current levels then $18.6K is likely to provide support with $17.6K a likely floor.
BITSTAMP:BTCUSDShort
by quantguy
1
October 13 BTCUSD BingX Chart Analysis and Today's HeadlineBingX’s Bitcoin Chart According to the Crypto Losses Q3 2022 Report released by Immunefi, the crypto industry lost $2,328,917,230 so far in 2022. Bitcoin is up 0.63% over the last 24 hours and rose to an intraday high of $19,239.86. The producer price index increased 0.4% for September, compared with the Dow Jones estimate for a 0.2% gain. This suggests that inflation is yet to respond to the Fed’s monetary tightening. Investors will be focusing on Thursday's CPI report, which is expected to show annual inflation increasing 8.1%. If the CPI is worse than expected, the BTC/USDT pair could drop into the $18,125 to $17,622 support zone. Today’s Cryptocurrency Headline Yuga Labs Faces Investigation From the SEC Yuga Labs, creators of Bored Ape Yacht Club NFTs, is facing a probe by the U.S. Securities and Exchange Commission into whether sales of some of its offerings violate federal law. The regulator is investigating whether certain assets released by Yuga Labs could be treated more like stocks and therefore should follow the same rules as stocks. Yuga Labs said in an email that it is committed to fully cooperating with any investigation. The opening of the probe is not a foregone conclusion; Yuga Labs has not been accused of wrongdoing and the probe may not result in a legal battle. It sits within the concept of wider scrutiny by the regulator over crypto-related activities. Disclaimer: BingX does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company. BingX is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the article.
by BingX
💸ETH/USDT 90%+?💸In the current analysis, we look at eth/usdt. We see a cumulative trend since June 14, with the biggest rise to $ 2,000 per eth. Then we dropped to level 61.8 of the biggest implus. We've been accumulating on this level for several days and eth won't go any further. After applying the next two fibo levels, at the level of $2532, we created a cluster. 0.618 of the last largest downward impulse and 1.618 of the last downward impulse. Considering the low risk / reward level, this is an interesting investment opportunity in my opinion
Long
by InvestMate
1
Litecoin Hugs Lower BoundsLitecoin has found support at the lower bound of the range, with $51.92 holding nicely. We should anticipate further support at $50.64 if things turn south, but these two levels have provided consistent support over the past month, so we do not LTC falling much further. If so, there is a vacuum zone to the mid $40's. The level $55.84 should hold as the upper bound of the range. We will need to break this level if we wish to ever test the $60's again, but that is a highly unlikely right now or in the near future.
BITSTAMP:LTCUSDShort
by quantguy
Ethereum Attempts Recovery, Still WeakEthereum saw meager support and the price action has trended upward slightly. Our new level at $1280 has held nicely, but the range has consolidated immensely, and there is very little momentum in the markets. If we are somehow able to catch a bid then $1341 is the next target, with $1424 an absolute ceiling for now. We feel we may need to retest $1235, if not lower, before buyers are inspired to come to the table. After that, there is a vacuum zone to $1100 which is a likely floor price for now.
BITSTAMP:ETHUSDShort
by quantguy
Bitcoin To Bottom Out Soon?Bitcoin has tested $19K, edging below it and finding support before the next level at $18.6K. We are encountering resistance again, immediately above $19K, and it is unlikely we will get the momentum to seek higher values, but if so, then $19.5K is the next target. If we are somehow able to surpass this level, then $20K is will surely provide resistance. It is likely that $18.6K will hold as a low, but if not, $17.6K should be considered a floor price.
BITSTAMP:BTCUSDShort
by quantguy
10
October 12 BTCUSD BingX Chart Analysis and Today's HeadlineBingX’s Bitcoin Chart According to the State of Avalanche Q3 2022 report released by Messari, Avalanche’s network value increased by only 3.3% while its total revenue dropped by 94.1%. Bitcoin is up 0.3% over the last 24 hours and rose to an intraday high of $19,267.11. The largest cryptocurrency continues to trade in a tight range on Tuesday as the investors are now waiting for the release of the latest Consumer Price Index (CPI) inflation data on Thursday. The Crypto Fear and Greed Index shows that the market sentiment is in the extreme fear territory. If the CPI is worse than expected, the BTC/USDT pair could drop into the $18,125 to $17,622 support zone. Today’s Cryptocurrency Headline Portugal's New Draft Budget Proposes 28% Crypto Income Tax The government of Portugal proposed a 28% income tax on cryptocurrencies in its draft 2023 budget released on Monday. The tax only applies to cryptocurrencies owned for less than a year, and gains held for longer than that period remain tax-free. Free cryptocurrency transactions will also be taxed, and a 4% rate will apply to commissions charged by intermediaries. The budget will still need to be discussed and approved within parliament in the coming weeks. Given that the ruling party has an absolute majority, it has the power to decide the issue. Disclaimer: BingX does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company. BingX is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the article.
by BingX
1
Bitcoin Finds Support at $19KBitcoin has continued to establish weakness, breaking through our level at $19.5K. We are currently finding support at $19.0K, confirmed by green triangles on the KRI. We have added this as a new technical level on the chart. The Kovach OBV shows little signs of life, and if we break down from here, then $18.6K is the next target. We feel BTC needs to bottom out again before a signfiicant rally. If we do rally, then $19.5K will provide resistance and $20K is almost certainly a barrier for now.
BITSTAMP:BTCUSDShort
by quantguy