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Category: NEWS

  • Ripple (XRP/USD) witnessing increased institutional inflows

    Ripple (XRP/USD) witnessing increased institutional inflows

    • XRP accumulation intensified in the first week of the year

    • Investors bank on Ripple’s win against the SEC

    • XRP has gained stability above $0.31, and the price could surge from here

    If you have been following Ripple (XRP/USD), you already know its case with the SEC continues to be important. Investors have priced XRP depending on the direction of the case. However, the latest CoinShares report shows that institutional investors are banking heavily on a Ripple win.

    According to CoinShares, the first week of 2023 saw $3 million in inflows into XRP. On the other hand, investors exited $6.5 million and $3 million from Bitcoin and Ethereum, respectively. This could be positive news as it shows how much trust the market has developed in XRP. According to CoinShares, the inflows reflected improved clarity on Ripple’s case with the SEC. But despite this positive development, XRP-associated investment products recorded $9.7 million worth of outflows.

    From a fundamental perspective, we could argue that it is still a double-edged sword for XRP as the case drags on. There are positives to pick from the latest institutional inflow, with the settlement expected in the current first quarter. The technical outlook also supports a potential XRP accumulation of around $0.31.

    XRP gains stability above support at $0.31

    XRP/USD Chart by TradingView

    A price outlook shows XRP is pushing higher after settling and consolidating above $0.31. The momentum has improved but remains weak. The MACD indicator is yet to cross above the neutral zone.

    However, the volume indicators would be a little bit exciting. A spike in buy-side volumes suggests that buying is ongoing for XRP above $0.31. The previous bullish pin bar acts as the buffer against the bear pressure for XRP.

    Will XRP become bullish?

    XRP has a chance to become bullish if the price holds steady at the current level. The upside is likely to continue in the short and medium term to the $0.4 resistance. The ongoing case with the SEC will determine if XRP price sustains the recoveries.

    Where to buy XRP

    eToro

    eToro offers a wide range of cryptos, such as Bitcoin, XRP and others, alongside crypto/fiat and crypto/crypto pairs. eToro users can connect with, learn from, and copy or get copied by other users.


    Buy XRP with eToro today

    Binance

    Binance is one of the largest cryptocurrency exchanges in the world. It is better suited to more experienced investors and it offers a large number of cryptocurrencies to choose from, at over 600.

    Binance is also known for having low trading fees and a multiple of trading options that its users can benefit from, such as; peer-to-peer trading, margin trading and spot trading.


    Buy XRP with Binance today

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  • A Whooping amount of Shiba Inu tokens burned in last 7 days

    A Whooping amount of Shiba Inu tokens burned in last 7 days

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  • IcelandToken – MEMECOIN EXCHANGE

    IcelandToken – MEMECOIN EXCHANGE

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  • Dogecoin surged by 9% in the last 7 days MEMECOIN EXCHANGE

    Dogecoin surged by 9% in the last 7 days MEMECOIN EXCHANGE

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  • SQUIDGROW – YEAR OF THE SQUID –

    SQUIDGROW – YEAR OF THE SQUID –

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  • BabyDogeCoin |BABYDOGE Price,News & Burns-10 January,2023-ME

    BabyDogeCoin |BABYDOGE Price,News & Burns-10 January,2023-ME

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  • SQUIDGROW – YEAR OF THE SQUID

    SQUIDGROW – YEAR OF THE SQUID

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  • Litecoin (LTC/USD) to $100 looks probable as a breakout at resistance gets underway

    Litecoin (LTC/USD) to $100 looks probable as a breakout at resistance gets underway

    • Litecoin is attempting to break above $80

    • The upcoming halving event is seen to boost the price

    • A successful breakout will see buyers eye the next resistance at $100

    If you have been eyeing Litecoin (LTC/USD), it is time to get even more curious, as the latest price action looks exciting. The area around $80 was a stumbling block to Litecoin during its bullish rally in November. Bears took the chance to push the price lower, retesting the $64 support but bulls resuscitated thereafter.

    In a tug-of-war between bulls and bears, the former is seemingly winning as Litecoin attempts to clear the $80 barrier. The cryptocurrency surged to $82, although it is not clear if the daily candlestick will close above to consider a breakout. Should a bullish market be confirmed, a journey to $100 looks very likely. Investors would better watch how the price action plays out next.

    If you might have missed it, you could refer to the CoinJournal analysis on how Litecoin’s halving event is influencing price. But aside from this critical event, Litecoin could draw from the slightly improved crypto sentiment to force a breakout. Most cryptocurrencies have staged recoveries as of press time. So how will you tell if a breakout has occurred in LTC price?

    LTC surges with higher momentums at $80

    LTC/USD Chart by TradingView

    On the daily chart technical outlook, momentum is very strong for LTC. The daily candlestick is piercing through the $80 resistance zone. There is a surge in the buy-side volumes, indicating buyers are very active on LTC. The price also stays clear of the moving averages and ascending trendline.

    When to consider a breakout?

    LTC must clear $80, with the daily candlestick closing above, to consider a successful breakout. If the price closes above this crucial level, buyers may get attracted. LTC could surge to nearly $100, the potential resistance zone. 

    On the contrary, if the LTC price closes below $80, the token could be due for a correction. We consider the former a more likely scenario but investors should be open to both.

    Where to buy LTC

    eToro

    eToro offers a wide range of cryptos, such as Bitcoin, XRP and others, alongside crypto/fiat and crypto/crypto pairs. eToro users can connect with, learn from, and copy or get copied by other users.


    Buy LTC with eToro today

    Binance

    Binance is one of the largest cryptocurrency exchanges in the world. It is better suited to more experienced investors and it offers a large number of cryptocurrencies to choose from, at over 600.

    Binance is also known for having low trading fees and a multiple of trading options that its users can benefit from, such as; peer-to-peer trading, margin trading and spot trading.


    Buy LTC with Binance today

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  • Ethereum (ETH/USD) price heading to $16,000? What could happen next

    Ethereum (ETH/USD) price heading to $16,000? What could happen next

    • Ethereum recovered by more than 4% on Monday

    • The cryptocurrency has maintained an uptrend

    • A break above $1,250 sets ETH to $16,000 with short-term corrections at $1,350 and $1,450

    Relief rallies are here, and even before we go further, Ethereum (ETH/USD) is back above $1,300. To a crypto native, this price level should inform you that Ethereum has overcome a resistance hurdle at $1,250. We have seen it happen before, cryptocurrencies breaking key levels and crashing below them afterward. That’s when you recognise how volatile digital assets are. But of course, you do not want to miss on slight opportunities as they emerge, and Ethereum could be one of them.

    Trading up 4.66% as of press time, Ethereum was again showing why investors should never lose hope. Ethereum has been regarded as the home of decentralised finance and non-fungible tokens. Analysts expect these two nascent sectors to continue growing despite getting it rough in 2022. So, timing your investment in Ethereum is all you need, both short and long-term. But is the recent rally an indication of the start of a bullish market?

    We would be too cautious about calling a bullish market for Ethereum and any other crypto now. However, as ETH price action shows, $16,000 could be the inevitable target only if…

    Ethereum price outlook and analysis

    ETH/USD Chart by TradingView

    Ethereum’s price outlook shows it has overcome resistance at $1,250. The momentum has increased significantly since the breakout. The moving averages now support the price, with the 20-day MA attempting to close above the 50-day MA. Ethereum has maintained movement above the short-term ascending trendline and trades with higher highs and higher lows.

    What next for ETH?

    Ethereum price is set for the $1,350 level in the current bullish run. A break above this zone will see buyers target $1,450 next. Still, we set a price target at or above $1,600, the established resistance. For ETH to hit the price level, bulls must keep price above the ascending trendline and moving averages. However, short-term corrections are expected at the near-term resistances of $1,350 and $1,450.

    Where to buy ETH

    eToro

    eToro offers a wide range of cryptos, such as Bitcoin, XRP and others, alongside crypto/fiat and crypto/crypto pairs. eToro users can connect with, learn from, and copy or get copied by other users.


    Buy ETH with eToro today

    Binance

    Binance is one of the largest cryptocurrency exchanges in the world. It is better suited to more experienced investors and it offers a large number of cryptocurrencies to choose from, at over 600.

    Binance is also known for having low trading fees and a multiple of trading options that its users can benefit from, such as; peer-to-peer trading, margin trading and spot trading.


    Buy ETH with Binance today

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  • Solana (SOL/USD) could maintain bullishness if this happens

    Solana (SOL/USD) could maintain bullishness if this happens

    • Solana token has added nearly 50% of value in a week

    • The gains come amid the BONK token launch

    • SOL has overcome a resistance and eyes higher level if it closes above key zone

    For the first time since the crash orchestrated by the FTX, Solana (SOL/USD) has recovered above the 50-day moving average. That comes as the SOL price has risen by nearly 50% in the past week, outperforming other major cryptocurrencies at the top. SOL has also recovered above the $15 resistance, giving buyers hopes of a further upside. The fundamentals are good too.

    Crypto analytics Token Termina shows that the daily active users on Solana continued to rise in January. Since the start of 2023, the number of active users has increased by 55.9% or 56,000 to 160,000. That suggests that users have not given up on the proclaimed Ethereum killer, which had a set of challenges last year. There are reasons for this rise in active users.

    Bonk Inu, or simply BONK, continues to attract fans. Launched just a week and a half ago, BONK has been a crypto sensation, with the dog-themed cryptocurrency rising by four digits in value. The token is based on the Solana network. On its Twitter page, Bonk regards itself as the “first Solana Dog Coin for the people and by the people.” The hype around this token’s launch has given Solana network airtime and attracted users.

    Moving averages joint support for SOL 

    SOL/USD Chart by TradingView

    Technically, Solana has crossed above a crucial resistance at $15. Bulls have failed to break above this key level since early November 2022. Also, the price has moved above the 20-day and 50-day moving averages for the first time since November. A RSI reading of 72 shows an intensified buying of SOL.

    Likely price action for SOL

    SOL is clearly overbought, as shown by the RSI reading of 72, and could correct downwards. However, we remain optimistic the upside will be maintained to the $18 level as momentum is strong. For the bullish surge to be maintained, SOL must overcome $18. That could set the cryptocurrency for longer-lasting rallies to the $28 zone.

    Where to buy SOL

    eToro

    eToro offers a wide range of cryptos, such as Bitcoin, XRP and others, alongside crypto/fiat and crypto/crypto pairs. eToro users can connect with, learn from, and copy or get copied by other users.


    Buy SOL with eToro today

    Binance

    Binance is one of the largest cryptocurrency exchanges in the world. It is better suited to more experienced investors and it offers a large number of cryptocurrencies to choose from, at over 600.

    Binance is also known for having low trading fees and a multiple of trading options that its users can benefit from, such as; peer-to-peer trading, margin trading and spot trading.


    Buy SOL with Binance today

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