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      Is the Russia-Ukraine War the Biggest Test for Bitcoin? Market Update

      Is the Russia-Ukraine War the Biggest Test for Bitcoin? Market Update

      Bitcoin ETFs could have the same result as CME group futures launch in 2017

      Bitcoin ETFs could have the same result as CME group futures launch in 2017

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      Crypto markets mirror Wall Street’s fall- Loses 100 billion in 24 hours and Delta Plus Variant creates extreme fear

      Crypto markets mirror Wall Street’s fall- Loses 100 billion in 24 hours and Delta Plus Variant creates extreme fear

      On-chain shows Divergence against Bearish Price-Action, But Bitcoin continues to stay in the Re-Accumulation Phase

      On-chain shows Divergence against Bearish Price-Action, But Bitcoin continues to stay in the Re-Accumulation Phase

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      Home Trade Signal

      XRP/BTC Analysis: When you should buy Ripple?

      Hitesh Malviya by Hitesh Malviya
      April 16, 2019
      in Trade Signal, Trading
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      XRP/BTC analysis Buy ripple

      XRP/BTC analysis Buy ripple

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      XRP/BTC is dropping since last 4 months, It has broken all important supports lately and now trading below 50,100 and 200 Daily MA. In this article, we will cover important levels where we think- XRP/BTC should find support.

      Technical Analysis

      XRP/BTC Daily (Bittrex)
      XRP/BTC Weekly (Bittrex)
      • The daily chart is super bearish at this moment, RSI is oversold, MACD is bearish, and the price is trading below 50,100 and 200 MA.
      • In the daily chart, we can see, The key support where the price bounced from last impulsive bearish wave is at 0.000041 BTC, Immediate Key support from where price bounced last time is at 0.000061BTC
      • Weekly chart is bearish as well, price is trading below 21,55 and 100 weekly MA.

      Key Support levels to watch out for

      There are three support level to watch out for possible bounce.

      • 0.000061 BTC
      • 0.000055 BTC
      • 0.000041 BTC

      As of now, we are approaching first key support area, if the price bounce from here, then a potential descending triangle would be formed, Breaking out from that triangle could open possibility for a bullish wave to 0.00012 BTC

      Join our telegram and twitter for more updates.

      Must Read – Mid term Trade Idea: POA/BTC
      Hitesh Malviya

      Hitesh Malviya is the Founder of ItsBlockchain. He is one of the most early adopters of blockchain & cryptocurrency enthusiast in India. After being into space for a few years, he started IBC in 2016 to help other early adopters learn about the technology.
      Before IBC, Hitesh has founded 4 companies in the cyber security & IT space.

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      We curate the best cryptocurrency projects with the intention of adding value for investors through the process of selecting, organizing, and looking after different projects available in the cryptocurrency market.

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