Category: Cryptocurrency News

XRP price has met with selling pressure each time the bulls tried to move past the $0.48 price level. XRP declined by almost 1% over the last 24 hours. Over the past week, the altcoin depreciated more than 6%. The bulls could be back on the chart if the coin breaks past its immediate resistance level. The technical outlook for XRP signalled that the bears are in control as demand for XRP had fallen. For the bulls to power through, it is important that demand for the altcoin returns to the market. At the moment, all technical indicators have painted a bearish image for the altcoin. If buyers continue to remain low, a fall to $0.40 is just a matter of the next trading sessions. Once the coin pierces below the $0.40 mark, it could also trade at $0.38. XRP has made a significant recovery since last month, but buying strength has remained inconsistent, causing the coin to falter. XRP price is trading almost 87% lower than its all-time high of 2018. XRP Price Analysis: One-Day Chart The altcoin was trading at $0.46 at the time of writing. It tried to topple over the $0.48 price mark, but the bears took over. The coin has not been able to hold its recovery as demand for XRP continued to decline this month. Overhead resistance was at $0.48. However, the bulls would only take charge if XRP traded above the $0.48 price mark. Once the altcoin breaks above the $0.51 level, the bearish pressure will fade out. On the other hand, less demand will let the XRP price slip further to its closest support line of $0.44. Falling from the $0.44 mark will bring XRP down to $0.40 and then to $0.38. The amount of XRP that was traded in the last session experienced a fall, indicating low buying strength. Technical Analysis The recent rejection from the $0.48 level has caused the altcoin to witness low buying strength. The technical indicators point towards the same. The altcoin even formed a death cross where the 200-SMA (green) line is above the 20-SMA (red) line. This is considered quite bearish for the coin, and it means XRP might experience a further fall in price. The Relative Strength Index was below the half-line as sellers took over buyers. XRP price was below the 20-SMA line, which corresponded to fading demand and sellers driving the price momentum in the market. Related Reading: JPMorgan Taps Former Celsius Exec As Crypto Regulatory Policy Director The altcoin registered sell signal in accordance with the other indicators on its chart. The Awesome Oscillator reads the price direction and momentum. AO still displayed red histograms above the half-line, which was sell signal for XRP price. Bollinger Bands measure the price volatility and chances of fluctuation. The bands were parallel and that meant less chance of upcoming volatility. However, it also meant that XRP could move sideways in the next couple of sessions before it finally goes north or south. Related Reading: 2022: The Year Of Crypto Market Fear Featured image from UnSplash, Chart: TradingView.com

From privacy standards to consumer protection, the cryptocurrency industry needs to better regulate itself before governments crack down.

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Hey you. Yeah your why the fuck are you still here? Seriously the last few months have been a grind. I don’t care who your are or how many winters you’ve survived. Even John snow would be freezing his bollocks off right now. I know you’re all tough and you’re playing the long game but…
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In a recent interview Lil Baby talks about his fuck ups in life… cryptocurrency comes up. At around the 12:15 mark. “I feel like I’ma win with investing and stuff. I’m a gambler already. That's what I do on a way smarter level is gamble. To me, making investments is like a safer gamble. I…
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Acting Federal Deposit Insurance Corporation chairman Martin Gruenberg said the agency needs more information about crypto, and the crypto industry needs to understand the FDIC better.

SOL’s price struggles to hold above key support as price trades below the region of interest for more uptrend.  SOL continues to struggle as prices get rejected in a downtrend price movement after losing support to bears.  The price of SOL trades below $30 first the first time after a while as the price continues its movement below 50 and 200 Exponential Moving Averages (EMA) on the daily timeframe.  The price of Solana (SOL) hasn’t looked as strong as it should, as the price lost its key support and has tested this region on several occasions against tether (USDT). Although the uncertainty that surrounds the crypto market could be a huge factor as the price of Bitcoin (BTC) and other crypto assets such as Ethereum (ETH) have seen a slight setback in their price movement, the price of Solana (SOL) hasn’t seen its price show some sense of relief lately. (Data from Binance) Related Reading: Bitcoin Volatility Falls To Lowest Since Post-COVID Rebound Solana (SOL) Price Analysis On The Weekly Chart. Most projects have not fared well in the bear market, as most have seen more than 50% price declines, discouraging most traders and investors from stockpiling these assets. Despite massive support from great partnerships and a massive community that has continued to build and grow, the price of SOL has struggled to keep prices from falling as bulls were unable to defend key support zones. The last rally for SOL was a spectacle for many as most investors and traders witnessed firsthand the price action showed by SOL rallying from a low of $2 to a high of $250. After rallying to a high of $250, the price of SOL faced resistance to trend higher to a new all-time high as the price has struggled to replicate a glimpse of the rally as the price was rejected to a weekly low of $80. The price of SOL bounced off from this low to a high of $137 but was rejected as price continued its decline to a low of $30 as price struggled to defend this region.  Weekly resistance for the price of SOL- $45. Weekly support for the price of SOL – $24. Price Analysis Of SOL On The Daily (1D) Chart In the daily timeframe, the price of SOL continued to struggle as bulls could not defend the key support region of $30. After dropping to a low of $28, where the price formed good support, the price of SOL rallied to a high of $47, where the price was rejected and has continued to move in a range forming a descending triangle in an attempt to start its rally on a possible breakout. The price of SOL broke out to the downside of the trend signaling the bears taking over; if the bulls fail to reclaim $30-$35, we could see the price of SOL going lower to $24-$20. Daily resistance for the SOL price – $35. Daily support for the SOL price – $24-$20. Related Reading: Missed Aptos? Here Are 5 Projects That May Airdrop Featured Image From zipmex, Charts From Tradingview 

This idea has been bugging me for a while and I wanted to open a discussion here. We all dream about mainstream crypto adoption from time to time, don’t we? I know that every time I meet a skeptic I go into a full rant about all the different (and useful) applications crypto can have…
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The crypto market is giving investors no hope of recovery as the price of Bitcoin returns from its recent gain. In the meantime, futures trading remains the best way to gain from the crypto ecosystem. Experts in the crypto world revealed that the current market situation results from several macroeconomic factors. These factors include the ongoing war between Ukraine and Russia and inflation. In addition, governments’ expenses have also increased since the break of the Covid-19 up to now. Related Reading: Are There Any Chances Of Terra UST Victims Getting Refunded? Let’s Find Out Another notable factor is the interest rate hikes of the Fed and European Central Bank (ECB). Unfortunately, for now, only imagination can speak for most crypto investors. Charles Schwab’s Affect On Bitcoin Price Bitcoin has witnessed some gains in the past few days, which looked like a good sign for a green market. But in the last 24 hours, it dropped again by 1.39%. Bitcoin currently trades at $19,215.63 at the time of writing. According to Charles Schwab, this might be the beginning of another dip in the crypto market due to the anticipated recession. As a result, he warns investors that they should prepare for another bearish movement in the crypto market. Possibility of The Recession Charles Schwab’s Chief Global Investment Strategist, Jeffery Kleintop, revealed the possibility of the predicted recession. He stated that a significant global economic indicator has dropped to a critical level. He explained that the OECD leading indicator is currently at a dangerous area, below 99. This is a clear indication of a global recession. He pointed to some past instances when the index dropped below this territory. According to him, the global economic recession that took place in 2020 was a result of Covid-19. His instances dated far back to mid-1970 and 1974, late 1981 and 1990, and early 2002 and 2008. The leading indicator revealed significant unsteady business activity and a shift in the broader economy. The present level of the OECD indicator also shows that the consumer confidence index is worse than some past events. These include the subprime mortgage crisis in 2008 and the global pandemic in 2020. Related Reading: Aptos (APT) Ranges Just Above $8, Is It Time To Dump Those Airdrop Tokens? Some organizations, like the World Bank, have also predicted a recession in 2023. It stated that the expected recession is due to the hawkish policy of the European Central Bank and that of the Fed. BTC Performance During Recession There’s no confirmation regarding the possible movement of Bitcoin during the expected recession. However, chances are that it could appreciate as a result of quantitative easing. But this is only possible if the Fed pulls off a strategy to handle the demand slowdown. On the other hand, it’s also possible for BTC to dip even further due to the recession. The main reason is that stock markets barely perform well during the recession, and Bitcoin is no exception. Featured Image From Pixabay, Charts From Tradingview