January 5, 2018. Market Review. Results of the Day. Ripple Is in Flames

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Market Review.

• R3 lawsuit to Ripple is approaching $ 20 billion.
• Coinbase and GDAX will not include Ripple in the listing.
• Wirex, TenX and Bitwala reported that all Visa cards they received from WaveCrest has been suspended.
• National Bank of Poland started the campaign against cryptocurrency.
• Bitcoin is 'forbidden by Islam', says the chief mufti of Egypt.
• The central bank of Austria believes that Bitcoin should be taxed.
• Ripple and Ethereum are correcting, the number of transactions has slightly increased.
• Bitcoin and Bitcoin Cash are growing, activity is declining.
• It is fair to say that the hype of the beginning of the year is slowly vanishing.

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Changes (24h):

BTC 16 114 $

ETH 953.06 $

XRP 2.56 $

BCH 2 437.10 $

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Gainers (24h):

Bitcoin + 11.5%

Litecoin + 7.6%

Bitcoin Cash + 2.6%

 

Losers (24h):

Ripple -17%

IOTA -4.55%

Ethereum -2.5%

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Technical view.

XRP has completed the reversal pattern, which we mentioned in yesterday's review.

Today we should pay attention to the range of 2.20 $ -2.40 $. If the price goes below this range, the long-term growing trend can be considered complete, and the possibility of a deeper correction will increase significantly. Today technical factors pointing to the continuation of the fall of XRP. They are backed up by a news background, which is adding some "fire" and boosting the signal for sale.

 

The BTC makes a second attempt over the month to secure above $ 16,000. If this attempt would become successful, and the price subsequently would go above $ 17,000, you can hope for the resumption of the growth. In the case of a reversing and going below a support level of $ 15,000, the possibility of dropping below $ 13,000 is increasing.