XRP, like other major crypto assets Bitcoin and Ethereum, suffered a powerful collapse this week that turned sentiment from extreme greed to fear in a snap.

The altcoin called Ripple fell by over 30% from the 2020 high to the local low before rebounding. The fall also took the price per token to the very bottom of weekly Kumo support on the Ichimoku indicator – a potentially bullish signal that in the past led to all-time highs. Losing the cloud, however, could signal stormy days ahead for Ripple price.
Details: https://www.newsbtc.com/2020/09/07/xrps-30-decline-falls-to-bottom-of-cloud-stormy-days-ahead-if-support-fails/

As tempting as a Bitcoin sandwich may sound, its a stressful moment for investors who find the cryptocurrency at a pivotal level.

The asset is currently holding at $10,000, but two targets Bitcoin is sandwiched between mean this level won’t last long – one way or the other. But which way will it be?
Details: https://www.newsbtc.com/2020/09/07/bitcoin-is-sandwiched-between-two-important-short-term-targets/

After such a strong break of $10,000 and surge to above $12,000, Bitcoin investors are shocked to be back again at the key level rather than onward to more new highs. But with $10,000 acting as such strong resistance for so long, the market may be retesting this critical zone to confirm it as support.

At the same time, Bitcoin is retesting downtrend resistance as support and was rejected from a multi-year trend line, now acting as resistance. With the cryptocurrency at such a crossroads, what does passing beyond any of the clear lines drawn in the sand mean for the trend ahead?
Details: https://www.newsbtc.com/2020/09/07/bitcoin-crossroads-made-clear-by-two-remaining-lines-in-the-sand/