Daily, May 09, ’18

Winklevoss, Cardano, Ripple, Casper, Galaxy Crypto Index

  • Winklevoss IP company got a patent for the method of calculating the exchange products (ETP), tied to the rate of cryptocurrency.
  • One of the leading South Korean mobile payment platforms Metaps Plus, will accept Cardano (ADA) as a means of payment.
  • Ripple announced a partnership with Korea’s Coinone Transfer.
  • The creators of Ethereum published the first version of the Casper update code.
  • The Bloomberg Galaxy Crypto Index (BGCI), created by Bloomberg and Galaxy Digital Capital Management LP, founded by the investor Mike Novogratz, entered the market.

XRP

0.4543 USD
-4.39%

ADA

0.09184 USD
-7.41%

Related news

Ripple Price (XRP) Signaling Fresh Increase While Bitcoin Still Below $10K

Ripple price found support near the $0.2830 level and recovered recently against the US dollar. The price traded above the $0.2940 resistance and the $0.3000 pivot level. This week’s followed bearish trend line was breached with resistance near $0.3040 on the hourly chart of the XRP/USD pair (data source from Kraken). The price is now trading with a few positive signs above the $0.3050 support area. Ripple price is currently trading with a bullish angle against the US Dollar and bitcoin. XRP price could extend its recovery if there is an upside break above the $0.3230 resistance area. Ripple Price Analysis Yesterday, we saw a strong drop in bitcoin and Ethereum, but dips were limited in ripple price against the US Dollar. The XRP/USD pair broke the $0.2940 support level and traded to a new monthly low. A swing low was formed near $0.2833 and recently the price started an upside correction. There was a break above the $0.2940 and $0.3000 resistance levels to start a recovery. Moreover, this week’s followed bearish trend line was breached with resistance near $0.3040 on the hourly chart of the XRP/USD pair. It opened the doors for more gains above the $0.3150 resistance. However, the upward move is facing hurdles near the $0.0.3230 and $0.3240 resistance levels. As a result, the price corrected gains below $0.3150 and the 100 hourly simple moving average. Besides, there was a break below the 23.6% Fib retracement level of the recent wave from the $0.2833 low to $0.3248 high. However, there are many supports on the downside near the $0.3050 and $0.3040 levels. The 50% Fib retracement level of the recent wave from the $0.2833 low to $0.3248 high is also near the $0.3040 level. There is also a connecting bullish trend line forming with support at $0.3045 on the same chart. Therefore, the price is likely to find bids near the $0.3040 or $0.3050 level. Below the trend line and $0.3040, the price may perhaps test the $0.3000 pivot level. On the upside, the main resistance is near the $0.3230 and $0.3240 levels. If there is a convincing break above $0.3240, the price could accelerate gains in the near term. Looking at the chart, ripple price remains well bid above the $0.3040 level. As long as there is no close below $0.3000, the price is likely to continue higher. A clear break above $0.3240 might push the price to $0.3450. Technical Indicators Hourly MACD – The MACD for XRP/USD is likely to gain strength in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is currently above the 50 level, with a bullish angle. Major Support Levels – $0.3050, $0.3040 and $0.3000. Major Resistance Levels – $0.3230, $0.3240 and $0.3320. Ripple Price (XRP) Signaling Fresh Increase While Bitcoin Still Below $10K was last modified: July 18th, 2019 by Aayush JindalThe post Ripple Price (XRP) Signaling Fresh Increase While Bitcoin Still Below $10K appeared first on NewsBTC.
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Cardano Price Prediction Today: Daily (ADA) Value Forecast – July 17

The price of ADA trades below the $0.1000 overhead resistance. The ADA/USD pair has reached the oversold region of the market  and buyers are expected to emerge. ADA/USD Medium-term Trend: Ranging Resistance Levels: $0.1000, $0.1100 ¸ $0.1200 Support levels: $0.0800, $0.0700, $0.0600 Yesterday, July 9, the price of ADA was in a bearish trend after […]
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