Cryptocurrency & Blockchain breaking news

Buyers and sellers are unrelenting as the tussle for price possession continues unabated beneath the horizontal channel. Last week, the bearish trend was from a high of $152 to $140. The coin rebounded at $140 and moved up to $145.

Notwithstanding the price fluctuation, XRP has been trading consistently above the $0.22 price level. This is an added advantage for the bulls to bounce at this price level. This can be done by the introduction of more buyers at this price level.

Blockchain is one of the technologies that makes it possible today to design digital document management solutions, because, users have the possibility of safeguarding and tracking information or documents of extreme importance.

Despite its constant fluctuation, the price consolidation is concentrated near the support. It gives the impression that sellers have the upper hand over the buyers while the coin ranges. Secondly, the coin failed to rebound because buyers show no aggressiveness. Thirdly, the price movement has been insignificant since December 10.

Litecoin is still crawling as market forces seem to be at equilibrium. The bulls and bears have no overwhelming authority over each other. The coin is still trading in a tight range of $42 and $50.

In recent months, the race for the development of a central bank digital currency (CBDC) has been accelerating. The latest warning shot was launched by Chinese President Xi Jinping, who publicly stated the need to invest in a core technology like the blockchain.

Ethereum is heading southward after testing the $151 and $157 price levels. Ethereum may revisit or breach the previous low at $140.

Billionaire investor Tim Draper revealed that Bitcoin is the currency of the Future and a superior currency. The venture capitalist investor revealed during an interview that Bitcoin frees people and provides a cheaper and better way to transfer money worldwide.

Ripple (XRP) is fluctuating below the resistance at $0.23. The XRP stands the risk of depreciation if the price at $0.20 is broken.