Biggest Movers: SOL, XRP Snap Recent Losing Streak on Wednesday

Solana ended a two-day losing streak on Wednesday, as the token surged by as much as 7% in today’s session. The move came following a two-week low on Tuesday, as markets slipped after recent highs. XRP also edged higher, and currently hovers near a key price floor.

Solana (SOL)

Solana (SOL) recovered from a two-week low on Wednesday, as bulls took advantage of yesterday’s dip in price.

After slipping to a bottom of $22.86 on Tuesday, SOL/USD raced to an intraday high of $24.56 earlier in the day.

The token has mostly traded lower in recent weeks, after surging to an eight-month high above $30.00 on June 14.

Today’s rebound came as the relative strength index (RSI) bounced on a floor at the 52.00 mark.

As of writing, the index is tracking at 57.51, and looks set to be heading for a ceiling at 60.00.

Should it reach this point, there is a strong possibility SOL will be above $25.00.

XRP

XRP, formerly ripple, was trading close to a key support point during today’s session, as price continued to consolidate.

XRP/USD peaked at $0.7141 earlier in today’s session, after slipping to an intraday low of $0.6961 the day prior.

Since surging to $0.9479 earlier this month, XRP has mostly traded between a floor at $0.7000 and ceiling of $0.8200.

Following a brief move below the aforementioned support point, XRP bulls have reentered to push the price higher.

This coincided with price strength finding a stable zone at 57.00, helping increase bullish prospects.

The next target to maintain today’s slight rebound will be to capture the $0.7500 resistance level.

Register your email here to get weekly price analysis updates sent to your inbox:

Could XRP move above $0.7500 before the end of July? Let us know your thoughts in the comments.

from Bitcoin News https://ift.tt/Q7dB8TO

Comments

Deep Web Roundup: Dream Adds Monero and Bitcoin Tumbler “Chip Mixer” Launches

The darknet has been quiet of late, which is the way it’s meant to be. No news means no mega busts, honeypots, or mass market shutdowns. Even when it’s out of the spotlight though, the deep web is quietly making news, whether trialling the latest privacy coins or the newest coin mixers that promise to restore a little of the privacy that’s being stripped away from bitcoin users on a daily basis. Also read: U.S. Agency ICE Conducts Investigations That Exploit Blockchain Activity The Battle for Privacy Heats Up Privacy is all relative, but of late there’s been relatively little privacy to be enjoyed by bitcoin users. Blockchain monitoring software is becoming more sophisticated and more common, with U.S. law enforcement agencies using it to profile and hunt down deep web users. Chip Mixer is a relatively new bitcoin tumbler that’s designed to restore some of that privacy. Available on both the clearnet and darknet, the service uses a variety of techniques to obfuscate blockchain m

International Crypto Exchange Luno Adds Bitcoin Cash Trading

Luno exchange has added bitcoin cash trading to the platform following feedback from its client base. BCH is now only the third cryptocurrency available for trading on the exchange, in addition to BTC and ETH , but more options could be on the way once Luno determines that they are credible enough. Also Read: Bitflyer Adds Bitcoin Cash Trading Across Europe and the US Luno Adds Bitcoin Cash Trading Luno, the London-headquartered company formerly known as Bitx, recently announced that bitcoin cash was made available on its cryptocurrency exchange. Starting from Monday, September 23, customers at Luno are now able to store, buy and sell BCH on the platform. The reason given for adding BCH to the exchange is feedback from users in developing markets that convinced Luno to expand their offering from previously just BTC and ETH . Marcus Swanepoel, CEO of Luno, said , “We are in a new and exciting financial era. Developing economies are leading the large-scale adoption and appli

Ombudsman Receives Complaints About Crypto Investments in Spain

The Spanish ombudsman has been receiving complaints about cryptocurrency and how some Spanish citizens investing in these vehicles have lost everything. In his annual report, Angel Gabilondo recognized the rise of cryptocurrencies as a new problem due to the little or no regulation crypto sees in the country. In the same way, the EU has also warned about these assets recently. Spanish Ombudsman Gives His Take on Crypto Angel Gabilondo, the Spanish ombudsman, has given his take regarding cryptocurrencies and the effects they have on citizens investing in some of these projects. Gabilondo said in his yearly report that cryptocurrencies have become “a new problem” during the year examined, with many people having lost all of their funds invested. The report states : Cryptocurrency exchange companies or platforms are not regulated in the legal system, are not subject to any public supervision system, nor do they benefit from deposit guarantee systems. The affected users that sought

breaking news this december get instant daily breaking news

Search This Blog