Cryptocurrency Price Analysis – Ether and Ripple on Edge

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Ether (ETH) and Ripple (XRP) on Guard Ahead of SEC Developments

The cryptocurrency market is currently building a trading range, with a slight upside bias, testing and breaking resistance levels along the way. Volatility and volume remain low in the main due to a lack of fundamental market-moving news. In the case of Ether (ETH) and Ripple (XRP) that may be about to change if talk that the SEC is studying the pairs classification is correct. If either, or both, are seen as securities under SEC regulations, then volatility will return in short order with prices expected to fall. The unregulated exchanges which currently host ETH and XRP may be unwilling to continue to keep trading the tokens if they are seen as securities as heavy regulatory scrutiny and fines would follow. Ripple is predominantly traded in Korea while Ether has mass adoption across a range of exchanges.

Ethereum Drifting Ahead of Any News Flow – (September 2017 – May 9, 2018)

Ripple (XRP) Chart Breakdown Points to Further Losses

Ether (ETH) Price Stall; Rattled by Ongoing SEC Talk

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— Written by Nick Cawley, Analyst

To contact Nick, email him at nicholas.cawley@ig.com

Follow Nick on Twitter @nickcawley1

Mycryptonext.com is a completely independent publication covering cryptocurrency, the Blockchain, decentralized applications, the Internet of finance and the next generation Portal. We offer the latest news, prices, breakthroughs and analysis with emphasis on expert opinion and commentary from the digital currency community. The world of digital currencies flourishes with the greater fervor with each passing day. With an increasing number of businesses, entrepreneurs, startups and consumers adopting this technology, we are proud to spend every day at work and play increasing awareness of the many intricacies and advantages offered by these innovations. About one thing we are certain: it is increasingly important to educate oneself in and be aware of new financial and technological innovations.

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