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📈 Price Predictions
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Ripple (XRP), Binance Coin (BNB), Cardano (ADA), TRON (TRX) Price Analysis – How High Can Ripple Price Go?

  • Thomas Hughes
    📈 Price Predictions

    After breaking the long-term bearish trend line, XRP moved sideways for a while and just recently it managed to break the resistance at $0.35, which can now turn into support

Ripple (XRP), Binance Coin (BNB), Cardano (ADA), TRON (TRX) Price Analysis – How High Can Ripple Price Go?
Cover image via u.today

Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

Contents

Some have called the recent climb a knee-jerk reaction or a bull trap but facts are facts: the crypto market cap has climbed to more than 182 billion US Dollars from around 140 billion just 2 weeks. Less than 14 days ago Bitcoin was hovering near $4,000 and is now trading safely above $5,000 and most other altcoins are in the green. Are we witnessing the beginning of a bull market? You can never say for certain but it does look like one is brewing.

Ripple (XRP) Price Analysis

Currently trading above 0.35 against the US Dollar, Ripple’s XRP is up 1.77% during the last 24 hours and ranked 3rd on CoinMarketCap. XRP’s latest climb started on the last day of March and mostly fueled by the broader crypto market recovery we haven’t seen anything spectacular from this coming yet.

After breaking the long-term bearish trend line, XRP moved sideways for a while and just recently it managed to break the resistance at $0.35, which can now turn into support. If the current wave of buying continues we will probably see Ripple make an attempt to break the more important resistance at $0.40. For this to happen the pair must stay above the 100 days Exponential Moving Average, the good news is that MACD is crossed bullish supporting such a scenario.

XRP/USD chart by TradingView

Binance Coin (BNB) Price Analysis

Binance Coin is one of the best performing cryptocurrencies of the year thus far, valued at $18.44 and ranked number 7 according to its circulating supply. BNB is in a clear uptrend but the last 7 days have been bearish with the coin losing roughly 5% against the US Dollar.

However, this is normal and actually healthy for the uptrend because price action was showing signs of exhaustion and a pullback was both anticipated and needed. The MACD is crossed bearish which indicates the retracement is not yet over and that we may see a descent below 18.20 support. Once the pullback is complete, I expect a re-test of $22.00 - $22.10, which may happen in a few days.

BNB/USD chart by TradingView

Cardano (ADA) Price Analysis

Trading at 0.086 against the US Dollar, ADA is ranked 8th according to CoinMarketCap. The pair is currently on a pullback following a test of the key psychological level at $0.10. Its movement for the year to date is bullish, so as long as the price stays above the 100 days Exponential Moving Average, the move down is not a major reason of concern.

The MACD is just crossing bearish, but a bullish bounce at 0.082 support could easily “un-cross” it because this is a lagging indicator. The overall bias is bullish and once the retracement is over, I expect a climb towards 0.111 resistance.

ADA/USD chart by TradingView

TRON (TRX) Price Analysis

With a market cap of $2,016,535,561 and a price of $0.030 TRON occupies the 11th spot in CoinMarketCap rankings. The token has a positive track record over the last 7 days with a gain of 8.75%. TRON has yet to start a correction similar to the other cryptocurrencies analyzed thus far but the MACD lines are widely spread apart and the histogram is increasing which hints that we may see further upside before a retracement starts.

The first upper target and resistance is located at $0.035 (may differ depending on exchange), and it’s very likely to see that mark touched within a week or possibly sooner. Support sits at 0.028, which is a good place for upside action to resume.

TRX/USD chart by TradingView

 

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About the author

Thomas Hughes is an executive editor of U.Today. He is a skilled cryptocurrency trader and technical analyst deeply immersed into the cryptocurrency & blockchain technology area.

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Bitcoin in Danger as New Research Shows Google Has Achieved Breakthrough in Quantum Computing

  • Alex Dovbnya
    📰 News

    Google's quantum computer is still too primitive to pose a threat for Bitcoin's cryptography, but things could escalate quickly

Bitcoin in Danger as New Research Shows Google Has Achieved Breakthrough in Quantum Computing
Cover image via www.123rf.com
Contents

According to a new research paper published in science journal Nature, Google's quantum computer is able to perform calculations in just three minutes. To put this into perspective, it would take the fastest supercomputer about 10,000 years to perform the same operation, which signifies a major tech milestone for the search behemoth. 

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Google achieves "quantum supremacy"

Back in September, the Financial Times reported that Google has managed to achieve "quantum supremacy," which means that its beast is able to perform calculations that would be impossible to pull off with any other computer. 

However, technology is still way too fragile for commercialization, which is unlikely to happen anytime soon. There is hardly any practical application for quantum computers, but they do have great potential for disrupting a lot of industries, such as finance and transportation.   

Considering that the Trump administration has funneled a whopping $1.2 bln into the development of quantum computing, it might stop being just a buzz word. 

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Will Google's quantum success affect Bitcoin

There is also one notable application for quantum computing -- hacking Bitcoin. The headlines about Google's super-powerful juggernaut has made many wonder whether Bitcoin, whose value derives from the immutability of its Blockchain, is in danger. 

However, ex-Bitcoin Core developer Peter Todd reassured the confused crypto crowd that Google was nowhere near breaking the top coin's cryptography. On top of that, it's not even clear whether quantum computers could potentially be scalable enough for commercial use. 

Bitcoin evangelist Andreas Antonopoulos also opined that Google's quantum breakthrough would have no impact on the orange coin. 

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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with an extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

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