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.
Buy the Higher Low, Sell the Lower High
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:
Bitcoin Cash and Ethereum Price News: Further Falls Ahead
Bitcoin and Ethereum Price Analysis – Flat Balls Won’t Bounce
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
If you are interested in trading Bitcoin, Bitcoin Cash, Ethereum, Litecoin or Ripple we can help you begin your journey with our Introduction to Bitcoin Trading Guide.
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 nicholas.cawley@ig.com.
--- Written by Nick Cawley, Analyst.
