Cryptocurrency Prices, News and Technical Analysis
- Ripple (XRP) bounces but traders scratch their heads.
- Bitcoin (BTC) remains dominant and continues to out-perform.
Cryptocurrency Market Still Under $200 billion
The cryptocurrency market remains negative despite mini-rallies from fresh year-to-date lows. The charts continue to highlight a series of negative lower highs and while this remains then lower prices are expected. Market leader Bitcoin remains the dominanat coin and will continue to out-perform others over a short- to medium-term.
Ripple (XRP) made the headlines Tuesday, jumping around 20% in an hour on no news. Volumes remain low in all of the cryptos and an aggressive small-to-medium sized order can still move prices sharply. It remains to be seen if XRP has made a low for the year as it nears an important zone between $0.35 and $0.41.
Ripple (XRP) One Hour Price Chart (August 12 – September 19, 2018)
Recent Cryptocurrency Articles:
We look at Bitcoin, and other cryptocurrencies, at our Weekly Cryptocurrency Webinar every Wednesday – you can click on the link to join us.
Cryptocurrency Trader Resources – Free Practice Trading Accounts, Guides, Sentiment Indicators and Webinars
If you are interested in trading Bitcoin, Bitcoin Cash, Ethereum, Litecoin or Ripple we can help you begin your journey. We have an Introduction to Bitcoin Trading Guide along with a Free Demo Account so you can practice trading this volatile asset class.
IG Sentiment Data show how retail are positioned in various cryptocurrencies and how changes in holdings can affect market sentiment.
What’s your opinion on the cryptocurrency market? Share your thoughts and ideas with us using the comments section at the end of the article or you can contact me on Twitter @nickcawley1 or via email at firstname.lastname@example.org.
--- Written by Nick Cawley, Analyst.