25 July - Crypto Technical & Market Watch
Ripple Sold Over $250 Million in XRP in the Second Quarter of 2019
Ripple, the company behind XRP, the third-largest cryptocurrency by market cap, has revealed that it sold $251.51 million in XRP in the second quarter of 2019. Ripple published its Q2 report on July 24.Ripple, the company behind XRP, the third-largest cryptocurrency by market cap, has revealed that it sold $251.51 million in XRP in the second quarter of 2019. Ripple published its Q2 report on July 24.
Bitcoin (BTC) has dipped back to the critical support zone of $9,727.55 to $9,080.If this zone breaks down, the uptrend will be over and the price can tumble to the next support zone of $6,933.90–$7,451.63.If the BTC/USD pair bounces off the immediate support and breaks out of $11,100, it will indicate strength. The next level to watch will be above which a retest of $13,973.50 is likely.
We will wait for the price to sustain above $267 before recommending a position in it. The profit objective will be a rally to $320.840 and the stop loss will be below the recent low of $192.945.If the bulls fail to defend the uptrend will end and the pair can drop to $150.We will wait before recommending any trade.
XRP has been stuck inside a large range of $0.27795 to $0.45 for over seven months. This shows a lack of interest among traders to own it.Buyers emerge when the price dips to $0.27795 and sellers come to the fore just above $0.45.We will wait for bulls before suggesting a trade in it.
Bitcoin Cash (BCH) is falling and in descending mode.Its next support is at $251.23.If this support broken, the BCH/USD pair can drop to $227.70.If bears pull the price below $227.70, the fall can extend to $166.98. We will wait before suggesting any trade.
Disclosure: The author holds no cryptocurrency at the time of writing.
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