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XRP (Ripple) Price Analysis: Resistance Gets Tested β€” Bearish Prediction Could See It Slip Even Further with $0.28 Possible

  • Jack Thomas
    🀷 Opinions

    XRP’s price has once again fallen through a level of resistance as the $0.30 mark is now in danger as the market turns bearish for Ripple. Hovering between $0.30 and $0.33, XRP has been stuck in a price vacuum while other altcoins have been growing through the cryptocurrency spring, the fear being that $0.28 could be the next level of resistance


XRP (Ripple) Price Analysis: Resistance Gets Tested β€” Bearish Prediction Could See It Slip Even Further with $0.28 Possible
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Despite much positive news surrounding XRP and Ripple, the cryptocurrency has struggled to break out of a price vacuum around $0.30 and $0.33, often testing different resistance points on the cent. The latest move from the cryptocurrency now sees it flirting with that low bottom of $0.30.

The cryptocurrency market has, in general, been very amenable to altcoins with the likes of Dash doubling their value since 2019 began. However, Ripple and its native token have not been doing so well on the general market.


In contrast to other altcoins, XRP began the year at $0.35 and has now lost five cents despite Ripple making advancements, suggesting that while the crypto spring may be in full bloom, XRP is actually still stuck in a bearish cycle.

Slowly slipping

XRP’s price has been in decline as it heads towards the $0.30 mark, even falling below it briefly on some exchanges. There was a strong decline in the price from the $0.3100 resistance. The price failed to hold the $0.3080 and $0.3060 support levels and entered a bearish zone.

There was a sharp decline below the $0.3040 support, and the price settled well below the 100 hourly Simple Moving Average. There seems to be pressure on the $0.30 mark, but as it holds currently, XRP could survive this bearish push. However, if it was to fall below that, $0.28 is a high possibility of being the next mark.

Panic stations?

It is not all doom and gloom for XRP and Ripple in general as an investable asset – the advancement being done as a project should outweigh the small market pressure. There is only positive news emanating from Ripple as they push for bigger adoption, thus the project is in a good space even if the market is under pressure.

One could argue that the release of IBM and JP Morgan’s cross-border cryptocurrency projects are hurting the startup and its token, but that would be short-sighted as it would rather indicate that other companies are noting the need for what Ripple is doing.

While 2019 has continued to be bearish for XRP, and other tokens have actually profited, the long run should be better for Ripple as the market power alone could help it stay up and push past resistance barriers going back up again.

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Binance Coin Price Surge Indicates Huge Support for Binance Chain Mainnet β€” Is This the Future?

  • Jack Thomas
    🀷 Opinions

    Binance Coin has once again surged, and it is off some big news that could well cause major competition for Ethereum.


Binance Coin Price Surge Indicates Huge Support for Binance Chain Mainnet β€” Is This the Future?
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On a day where the markets are predominantly in the red, but only slightly, it is interesting to note that Binance Coin is surging. The exchange token is up fiver percent, but it is totally understandable as to why there is so much positivity around the company.

The biggests news, which comes off the back of its decentralized platform, Binance DEX, is that the Binance Chain mainnet has been launched and that they will be executing their Mainnet Swap on April 23rd.


This means that Binance Coin will be shifting away from Ethereum, leaving questions open as to what this means for Ethereum, which has been under the pump to stay relevant in today’s crypto and blockchain space. This move will result in a migration of $3 billion worth of BNB being moved away from the Ethereum blockchain and onto the new Binance chain.

A positive investment

All the good news emanating out of Binance has not only helped the coin to climb in price when the rest of the market settles down – it is helping it head towards a new all time high. Binance, like many altcoins, reached its ATH in January of 2018 in that parabolic stage.

Binance Coin hit $24 back then, and now, it is at $21 and rising with the thoughts being that when the mainnet move takes place, there could well be an even bigger surge. It is also interesting to note that just a few months ago, at the end of last year, it hit lows of $4.50.

Competing with Ethereum?

The mainnet move is obviously good news for Binance, as the markets are suggesting, but is it equally bad news for Ethereum, which was the holder of $3 billion thanks to the exchange. Many people have speculated that this new blockchain platform will pose competition to Ethereum, but ultimately it will help diversify Binance Coin’s use cases while also increasing its utility.

So perhaps rather than being a direct competition to ETH, it is only going to strengthen Binance Coin and in doing so perhaps spell out the future of cryptocurrencies as there is good reason to believe that this token, with its added utility and use cases, will be a viable token for the world going forward.

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