Cryptocurrencies price prediction: Bitcoin Cash, Ripple & Ethereum Classic - Asian Wrap 03 Sept


BCH/USD technical analysis: Bitcoin Cash breaks long term trendline from the on 4-hour chart

Bitcoin Cash is trading 4.4% higher today as general crypto sentiment carries all the major cryptocurrencies higher. The 4-hour timeframe has a trendline originating on 26th June, with a downtrend that spanned a full two months. 

Ripple market overview: PNC bank formally joins RippleNet, XRP/USD breaks above downward trending line

A division of PNC bank had officially joined RippleNet to tap its blockchain solution for cross-border payments and settlements. PNC Treasury Management will be using Ripple’s technology to process international payments. This is a prominent indication of the use of blockchain in mainstream finance.

ETC/USD technical analysis: Ethereum is trading nearly 8% higher as we head to the Asian session

Ethereum Classic is having a great session today rising nearly 8% in line with the general positive crypto sentiment (1-hour chart above). ETC/USD has stopped ahead of the psychological 7.000 level as sellers come in to slow momentum.

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Ethereum Classic is facing the ultimate correction following a massive bull-run that had it hit January highs around $12 from December lows at $3.41. The persuasive urge upwards has, however, ended in losses due to a lack of ...

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Ripple's CEO sees an era of IPO in cryptocurrency industry

Ripple's XRP, the third-largest digital asset with the current market value of $9.4 billion has lost over 5% in recent 24 hours and hit the low of $0.2136 on Friday. XRP/USD is moving within a clear bearish trend amid expanding volatility.

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The Crypto Sector in selloff mode searches a support zone

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The cryptocurrency market started the downside correction after a strong rally initiated by risk reversal play at the beginning of January and reinforced by various altcoin pumps...

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