The XRP/USD pair has corrected to 0.4400, where it has been consolidating for the second week and cannot yet resume growth, despite the general market trend. The strengthening of XRP position continues to be constrained by the SEC lawsuit and new token sales by former Ripple Labs CTO Jed McCaleb, who continues to actively dump his holdings.In general, the potential of the downward movement does not seem to be exhausted yet. However, to continue t...
The pair is in a correction, a fall is possible.On the daily chart, the third wave of the higher level (3) formed, and a downward correction develops as the fourth wave (4). Now, the wave C of (4) is forming, within which the wave iii of C is developing. If the assumption is correct, the pair will fall to the levels of 1728.61–1622.21. In this scenario, critical stop loss level is 1876.65. ...
Current trendLast week, the BTC/USD pair was correcting downwards, reaching 43120.00 and having lost about 32.5% in value. Experts attribute the current decline to speculative activity, since the general positive factors for the market, associated with the soft monetary policy of global regulators and the probable inflation rise, remain in force.Observers note that large companies’ interest in BTC remains, but few are ready to invest in the ass...