Thus, the crypto market lost a total of $50 billion in total market value in the past week, but further positive news have served to bolster the markets. It's great that XRP is now involved in this as it will also help spread the name of XRP across the Philippines, something that might prove vital for the Ripple team given that in some parts of the world, XRP is becoming more frowned upon by the day.
Ethereum is in major downtrend and is trading well below $390-400. After breaking below strong support at $0.425 - which now becomes strong resistance - recent price action shows a small rebound being sold-off.
Ripple is perhaps the biggest loser amongst the top 5 cryptocurrencies over the past 24 hours, after it lost more than 14% of its value over the past 24 hours.
The ups and downs in the prospects of a Bitcoin ETF have rocked cryptocurrencies.
Ripple price collapsed below $0.40 and is now holding the $0.32 support. Looking ahead at order books, BCH bulls need to surpass mega-resistance from now until $640 and after that, it may be easier to move northbound. More importantly, there was a break below a crucial bullish trend line with support at $6,800 on the same chart. In fact, in the last couple of weeks, it has soared to the highest level all year and it has hit about 48%. For instance, BTC/USD spot prices have dipped three times to the $5,600-5,800 region but have not dropped less than that yet. We're still gathering data and deciding on our level of support for XRP, ' said Mr. Goltra in a statement. Later, the price started an upside correction and traded above the $580 level.More news: Omarosa Really Does Have Secret Tapes of President Trump
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The past few days were extremely bearish on bitcoin price as it failed to surpass the $8,200 and $8,400 resistance levels. It represents the 38.2% Fib retracement level of the recent decline from the $712 high to $565 low.
Oddly enough, Lee made no mention of his controversial $25,000 price prediction during this Fast Money episode, so it remains to be seen if this prediction is still on his radar.
VeChain (VET) traded up 4.8% against the dollar and now trades at $0.0140 or 0.00000198 BTC.
XRP/USD: The ripple community traded weak, breaking previous support despite news that XRP has now been added to the list of cryptocurrencies by Bitcoin Superstore, allowing customers to purchase from over 200k online retailers via XRP and 5 other cryptocurrencies, Coingape reported recently. That's probably the catalyst, but we've seen BTC prices slide for months now and this is just another reason to see it go down. On the downside, a break below $0.3198 may well clear the path for more losses towards the $0.3000 and $0.2800 support levels.