• Advertise
  • Submit a Press Release
  • About Us
NewsBTC
Bitcoin & cryptocurrency news
Sensei Inu Logo
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
    • Research
    • Gambling
      • Crypto Casinos
      • Real Money Casinos
    • Casinos not on Gamstop
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Learn
    • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
    • Categories
  • Events
  • Play GamesTry
  • Win 8.88 BTCTry
  • Play Casino GamesTry
  • Play FinanceTry
No Result
View All Result
Breaking News: Fed Holds Interest Rates Steady, Bitcoin Awaits Trend Reversal Above $27,000
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
    • Research
    • Gambling
      • Crypto Casinos
      • Real Money Casinos
    • Casinos not on Gamstop
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Learn
    • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
    • Categories
  • Events
  • Play GamesTry
  • Win 8.88 BTCTry
  • Play Casino GamesTry
  • Play FinanceTry
No Result
View All Result
Bitcoin News
No Result
View All Result
Breaking News: Fed Holds Interest Rates Steady, Bitcoin Awaits Trend Reversal Above $27,000
Sensei Inu Logo

Crypto Markets Cool Off Following Yesterday’s Surge, Ripple (XRP) Drops Over 2%

Cole Petersen by Cole Petersen
5 years ago
in Cryptocurrency Market News, Ethereum, Ripple
Reading Time: 2 mins read

Yesterday was a positive day for the crypto markets, with many cryptocurrencies surging to recover some of their recent losses. Despite this, the markets were not able to maintain their upwards momentum, and all major cryptocurrencies have dropped today, with Ripple (XRP) surrendering a portion of its recent gains.

Many analysts believe that the crypto markets could see further gains in the near future, assuming that Bitcoin is able to maintain within the $3,400 region.

Analysts Claim Crypto Markets Could Climb as Bitcoin Ranges Between $3,400 and $3,500

After falling below $3,550 earlier this week, Bitcoin found support at $3,400, which was a surprise to many analysts who expected it to drop down towards its 2018 lows that are set at approximately $3,200.

After touching $3,400, Bitcoin bounced slightly towards its current price levels around $3,450. Although its inability to break back above $3,500 does appear to be negative, many analysts expect that the crypto markets could see further gains in the near future as Bitcoin ranges between $3,400 and $3,500.

Luke Martin, a popular cryptocurrency analyst, spoke about how he sees the markets unfolding in the near-future in a recent tweet, noting that the crypto markets may see some gains as long as Bitcoin can remain stable above $3,430.

“$BTC above 3430 is a good thing for alts as well. As long as price trades above this level or moves higher expecting majors that dumped this weekend to see turn around with mid caps following. Breaking below 3430 again invalidates,” he said.

$BTC above 3430 is a good thing for alts as well. As long as price trades above this level or moves higher expecting majors that dumped this weekend to see turn around with mid caps following.

Breaking below 3430 again invalidates. pic.twitter.com/mA1NVqXKK4

— Luke Martin (@VentureCoinist) January 30, 2019

Today, however, Martin also noted that Bitcoin’s chart currently looks “ugly,” which could lead to a drop below $3,430, which may lead altcoins to break downwards.

“The $BTC chart is ugly, to put it kindly. At least we get a new monthly tomorrow…”

The $BTC chart is ugly, to put it kindly. At least we get a new monthly tomorrow… pic.twitter.com/4L3BvKK7O7

— Luke Martin (@VentureCoinist) January 31, 2019

Mayne, another popular cryptocurrency trader on Twitter, shared a similar sentiment to Martin regarding various cryptocurrencies possibly climbing so long as Bitcoin stabilizes.

“$BTC… I like this daily close. I had a bunch of longs from 2 days ago that I closed yesterday foolishly… Only one left open was an $XRPUSD long from $28 cents. Opened a $BTC long on the first H4 close thru $3430, let’s see what happens,” Mayne explained yesterday afternoon.

$BTC

I like this daily close. I had a bunch of longs from 2 days ago that I closed yesterday foolishly.

Only one left open was an $XRPUSD long from $28 cents. Opened a $BTC long on the first H4 close thru $3430, let's see what happens. pic.twitter.com/iDwDQqH7a4

— Mayne (@Tradermayne) January 31, 2019

Crypto Markets Drop, Ripple (XRP) Falls 2%

 The general crypto markets have cooled off today following yesterday’s market surge that sent many cryptocurrencies up 4% or more.

Ripple (XRP) surged over 10% yesterday, and has since dropped slightly.

At the time of writing, Ripple (XRP) is trading down over 2% at its current price of $0.311. Yesterday, XRP surged from $0.29 to highs of $0.33, which proved to be a level of resistance for the cryptocurrency.

Bitcoin Cash, which also saw some decent gains yesterday, has dropped today, and is currently trading down 1.6%.

Ethereum has dropped just over 1% to its current price of $107.4. Ethereum is currently down significantly from its weekly highs of nearly $118.

Featured images from Shutterstock.
Tags: bitcoincryptoRipplexrp
Tweet123Share234ShareSend
Cole Petersen

Cole Petersen

Cole is a cryptocurrency analyst based in Los Angeles. He studied at the University of California Irvine and has been interested in Bitcoin and the crypto markets since 2013.

Related Posts

Wall Street Memes Enters Last Day of Presale Before Tier 1 Exchange Listing – Could This Be the Next Big Meme Coin?

Wall Street Memes Enters Last Day of Presale Before Tier 1 Exchange Listing – Could This Be the Next Big Meme Coin?

5 hours ago
Spot

What The Drop In Spot And Derivatives Volumes Means For The Price Of Bitcoin

6 hours ago
Base

Explosive 6-Week Growth Sees Base Hit New Milestone

7 hours ago
5 New Meme Coins to Watch: Wall Street Memes Could 10x on IEO, Meme Kombat Raises $50k

5 New Meme Coins to Watch: Wall Street Memes Could 10x on IEO, Meme Kombat Raises $50k

12 hours ago
Bitwise Ethereum ETF

Bitwise Withdraws Application, A Big Blow To Ethereum ETFs?

24 hours ago
Unleash the Power of Crypto Cloud Mining: TopHash

Unleash the Power of Crypto Cloud Mining: TopHash

1 day ago

Premium Partners

Play Finance

Top Casinos

BitStarz

BitStarz

Review · Visit
Punt Casino

Punt Casino

Review · Visit
Trust Dice

Trust Dice

Review · Visit
mBit

mBit

Review · Visit

Press Releases

  • Ibiza NXT 2023 – Heading toward a purpose-driven Web3...

    2 hours ago
  • The Financial Investment Expo Bangkok, Thailand

    3 hours ago
  • XRP Ledger Gets Massive Update, $XRP Pinned Below $0.55 As...

    5 hours ago
  • Recent BNB Updates: Investors Flock to Borroe.Finance and...

    7 hours ago
  • Bitcoin Metrics Show Long-Term Holders Refusing To Sell...

    8 hours ago

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Cryptocurrency news

  • Bitcoin
  • Ethereum
  • Ripple
  • Chainlink
  • Cardano
  • EOS
  • Tezos

Technical Analysis

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Ripple (XRP)
  • Chainlink (LINK)
  • Cardano (ADA)
  • Tezos (XTZ)

Company

  • Advertising
  • Comments Policy
  • Privacy Center
  • Sitemap
  • About Us
  • Contact

© 2023 NewsBTC. All Rights Reserved.

  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
    • Research
    • Gambling
      • Crypto Casinos
      • Real Money Casinos
    • Casinos not on Gamstop
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Learn
    • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
    • Categories
  • Events
  • Play Games
  • Win 8.88 BTC
  • Play Casino Games
  • Play Finance

© 2023 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.