Connect with us

Blogs

XRP, Tron Price Analysis: What’s Happening?

Published

on

XRP
READ LATER - DOWNLOAD THIS POST AS PDF

After crossing the resistance at $0.45 yesterday, XRP is again showing a bearish trend.

Tron, after kicking up a bullish trend is again showing downtrend so far today.

Ripple (XRP/USD)

Chart courtesy of trading view.com

Price Analysis

  • High: $0.4833 USD
  • Low: $0.4696 USD
  • Major Resistance Level: $0.50
  • Hourly MACD: Placed slightly in the Sell region.

Yesterday, Ripple had experienced a surge from approximately $0.446 USD to nearly $0.482 USD. The price of XRP/USD however, had fallen today, 17th July 2018 so far. At the time of writing the price of Ripple (XRP) is showing $0.4740 USD. This has created a pressure among the sellers and placed the crypto coin in the Sell zone slightly. But, the good thing is that at the time of writing, the XRP/USD pair had not yet fallen below the $0.4700 support area of yesterday.

Ripple (XRP) had been trading in the green since 13th July 2018 but was unable to break the major resistance level at $0.4500. Yesterday the cryptocurrency had crossed that level and the high was approximately $0.4834 USD (coinmarketcap.com). The moving average indicator (the blue line), at the time of writing, is showing approximately $0.4536.

Tron (TRX/USD)

Chart courtesy of trading view.com

Price Analysis

  • High: $0.0376 USD
  • Low: $0.0360 USD
  • Major Resistance Level: $0.40
  • Hourly MACD: Placed slightly in the Sell region.

The TRX/USD pair on 16th July had shown a slight stronger uptrend movement with the price ranging from nearly $0.0342 USD to $0.0374 USD. But, today on 17th July 2018, the price action of Tron (TRX) is showing a bearish trend so far. The price of the crypto coin, at the time of writing, is showing approximately $0.0367 USD. Yesterday, as the coin was showing a slightly stronger uptrend, there was a pressure on the buyers and it was placed in the Buy zone. However, today, the decline so far has created a pressure on the sellers and the crypto coin has slightly moved into the Sell region.

Tron had broken through the resistance levels $0.035 and $0.036 yesterday itself and as of yet has maintained its position slightly above these two resistance lines. However, the moving average line (blue) at the time of writing marks 0.0344. Let’s take the major resistance level at $0.04 and wait and see whether the pair crosses it by gaining a little stronger uptrend (like the one yesterday).

Yesterday the price of the XRP/USD and TRX/USD had probably seen such a rise because of the BlackRock news regarding Bitcoin and other cryptocurrency markets. BlackRock has formed a working group to look into the blockchain infrastructure and the cryptocurrencies. Otherwise, both the coins mentioned here were showing slight green signals but were unable to form a strong uptrend. So, it is not surprising that XRP and Tron are both showing bearish signs today so far.

Happy Trading!!

For the latest cryptocurrency news, join our Telegram!

Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

Image courtesy of Pexels

Charts courtesy of tradingview.com

Blogs

Reasons Why You Are Much Safer When Crypto Trading on Dexes

Published

on

DEXes
READ LATER - DOWNLOAD THIS POST AS PDF

While many cryptocurrencies aim to bring the change to the world by bringing full decentralization, one aspect of the crypto space still remains mostly centralized, and that is the way they are exchanged. Most crypto exchanges are centralized companies, where traders and investors need to deposit their coins for safekeeping. This is a risky way to handle the funds, as exchanges remain susceptible to hacks and theft, as many realized recently, after the hack of the world’s largest exchange by trading volume, Binance.

During the hack, around 7,000 BTC (over $40 million) was taken, and sent to multiple wallets, never to be seen again — for now, at least. The hack also came as quite a shock, as Binance was known for its efficiency, security, and high levels of confidence. It also made people realize that their coins are not really theirs if they need to rely on third parties, such as exchanges, to keep them safe. As a result, many are now turning away from centralized exchanges, and are heading towards decentralized ones — also known as DEXes.

Here are some reasons why you might want to consider doing the same.

1. True ownership of your coins

The crypto community has a saying: “not your keys, not your coins.” The saying is now more relevant than ever, but it does not apply on DEXes. Decentralized exchanges

Continue Reading

Blogs

Crypto Billionaire Predicts Massive Price Growth by 2021

Published

on

crypto billionaire
READ LATER - DOWNLOAD THIS POST AS PDF

Crypto prices are once again going up, and Bitcoin has just passed a major resistance level at $6,000. With a situation like that, it is not surprising that everyone in the crypto community is looking forward to the future, wondering what to expect in years to come. Many experts have already given their predictions, some more optimistic than others, but almost all bullish.

Crypto billionaire Mike Novogratz has always been very supportive of cryptocurrencies, and very bullish on Bitcoin. He recently stated that he sees the coins’ prices triple in the following 18 months, meaning that Bitcoin’s return to $20,000 might not be far away, according to him.

He noted that Bitcoin is back to $6,000 after its price hit as low as $3,100 only a few months ago. These days, Novogratz does not believe Bitcoin will return to such lows unless there is a devastating exchange hack or a major shift in regulations. Of course, there was a big hack that had the potential to damage the coin’s price, only days ago. The world’s largest crypto exchange by trading volume, Binance, saw a significant security breach which resulted in a theft of 7,000 BTC.

However, so far, the coin did not react negatively to this incident. While Novogratz believed that such an event would shatter the new confidence in BTC, it simply did not happen. However, he…

Continue Reading

Altcoins

TokenRoll (TKR) Platform Will Take Online Casinos to the Next Level

Published

on

TokenRoll
READ LATER - DOWNLOAD THIS POST AS PDF

Corporate executives are turning to blockchain technology more than ever in an attempt to revolutionize the business world.  Although blockchain is still a relatively new concept, that hasn’t stopped more and more companies from jumping on the bandwagon.  This hot new technology has quickly gained a reputation for providing greater transparency, enhanced security, improved traceability, increased efficiency, and low costs.  One industry that could certainly benefit from decentralization is the online gambling market, specifically, online casinos.  TokenRoll (TKR) has developed a platform that appears to offer a promising alternative to centralized casinos.

Problems with Centralized Casinos

The primary reason why blockchain technology is being implemented so quickly is because it solves a lot of the problems typically associated with the traditional business model.  And online casinos are no different.  It still needs to be said that centralized casinos have proven that there is a great demand for online gambling.  The market is growing faster than anyone could have predicted, and future opportunities appear very promising and lucrative.  But industries are continually evolving and this one is no different.

A few of the problems facing centralized casinos include the following:

  • Little to no transparency
  • Consumer lack of confidence
  • Privacy concerns
  • 48-72 hour wait time for withdrawals

These are four monumental issues that need to be addressed quickly given the global growth of the market.  Casinos need to…

Continue Reading

Elite