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Merry Christmas from Ripple and Binance: XRP as a quote currency

The cryptocurrency market has suffered losses, the biggest losers are IOTA and DASH; BTC falls below $ 8,000

The best 20 encrypted can be found today in the red area. The losers of the day are IOTA and Dash as they decreased by 7.62% and 7.12% consequently. Others also show negative tendencies. As for the fundamental background, it remains neutral.

There are some interesting news, which can attract investors' attention. The South Korean Customs Service will apply a Blockchain system to control all types of shipments. This software is currently being tested. To develop the system, South Korean customer service has hired companies from Singapore and Vietnam.

Another important change comes from Bitfinex. They announced that users will be required to provide their tax information. The received data will be transferred to the British Virgin Islands.

The problem here is that these statistics could become available to the tax authorities of the customer country at a later time.

BTC / USD

Bitcoins have set new local lows on the hourly chart yesterday. However, the bears were unable to develop their progress as a correction initiated by the support area at $ 7.941.

The price of BTC tested this area twice and jumped out, aiming to close the resistance zone at $ 8,128. BTC / USD stays here at the moment and checks this level from below. The price of bitcoin is far below the Ichimoku cloud, which means bears are dominating the market.

We have drawn a local downtrend trend line, which prevents Bitcoin from moving higher at the time of writing. The currency pair has lost 1.98 percent in the last 24 hours.

The possible scenarios for the currency pair are as follows:

  1. Bitcoin will cross the resistance area at $ 8,128 and will continue to grow toward the next resistance area at $ 8,366. However, the bulls will have to enter the Ichimoku cloud to reach the next targets.

  2. BTC / USD will miss the current resistance area at $ 8,128. The currency pair is likely to decline to the next support area at $ 7.941.

  3. The currency pair will remain close to the current level without significant changes.

Bitcoin has almost left the Ichimoku cloud on the daily chart, but there is no momentum in the sense that it will test the indicator again. The situation is not clear because at the moment there are no signs of trends.

Paper

LTC / USD

The currency pair declined yesterday and reached new lows. Litecoin jumped from the support area to $ 129.41 and headed for the next resistance, which is $ 134.34.

However, LTC / USD failed to reach it. Litecoin is still trying to move higher, but it seems that the bears are on guard at the moment, preventing the bulls from raising the currency pair.

Litecoin has lost 3.87% in the last 24 hours. The LTC price is far below the Ichimoku cloud, which means the bears are controlling the market.

The possible scenarios for LTC / USD are as follows:

  1. The LTC price will reach the next resistance area at $ 134.34 and test it. There is a high probability that Litecoin will reach the local downtrend (red) line there. If successful, the bulls will be able to drive the LTC / USD even higher, above these lines.

  2. Litecoin will move to the support area closer to $ 129.41 to test it. If successful, bears push the currency pair even lower.

  3. There will be no significant changes and the LTC price will remain close to current levels.

Litecoin has left the Ichimoku cloud on the daily chart, but there is no momentum and the currency pair seems to be testing the lower boundary of the Ichimoku cloud in the near future.

ETH / USD

The currency pair declined yesterday and reached the support area at $ 663.14. Ethereum leapt out of this level and started growing today. The TETH price is somewhere in the middle between two levels at the moment.

We have drawn a local downward trend line (red), which prevents the ETH / USD from moving higher. The price of Ethereum is lower than the Ichimoku cloud, which means that bears have control of the market. Ethereum has lost 2.72 percent in the last 24 hours.

The possible scenarios for ETH / USD are as follows:

  1. The currency pair will reach the local downtrend line and test it. If successful, buyers will be able to develop progress and reach the next resistance area for $ 695.52.

  2. Ethereum will reverse the support area closer to $ 663.14. The bears will try to overcome the level and push ETH / USD down.

  3. There will be no significant changes in the next few hours.

Ethereum still floats above the clouds of Ichimoku while the bulls control the situation. Currently there is no intermediate trend as the price remains within a narrow horizontal channel.

ZEC / USD

The currency pair reached the support area at $ 306.71 during the Asian session. Zcash jumped out later and moved higher. The currency pair passed the next resistance area at $ 325.54 and managed to develop its progress.

The bulls seem to drive ZEC / USD towards the next resistance area at $ 366.51, but there is an obstacle on their way since the price is still below the lower boundary of the Ichimoku cloud. Zcash has decreased by 1.90 percent in the last 24 hours.

The possible scenarios for ZEC / USD are as follows:

  1. Zcash will cross the Ichimoku and reach the next resistance area at $ 366.51. There is the local upward trend line near that area and ZEC / USD is able to reach it in this case. If the price skips on this line, Zcash will restore the uptrend on the hourly chart.

  2. ZEC / USD will jump from the lower Ichimoku cloud boundary and move to the support area closer to $ 325.54.

  3. The ZEC price will remain close to current levels without significant changes.

Zcash is jumped from the support area and the upper edge of the Ichimoku cloud on the daily chart. However, the medium-term situation remains unclear.

XRP / USD

Ripple has set new lows yesterday, but the bears have not been able to keep the price there. The XRP / USD has moved higher and has exceeded the resistance area closer to $ 0.6629.

Ripple managed to move a little higher but was stopped by the local downtrend trend line (red). The XRP price is far from the Ichimoku cloud, which means the bears are dominating the market. The currency pair has lost 3.18% in the last 24 hours.

The possible scenarios for XRP / USD are as follows:

  1. Ripple will try to test and cross the local downtrend (red) trend line. If successful, the bulls will be able to drive the currency pair even higher towards the next resistance area at $ 0.6900.

  2. Rejected by the red downtrend line, the price of Ripple will decrease towards the closing support is $ 0.6629 before. If the bears manage to overcome this level, the XRP / USD will fall even further down to yesterday's lows.

  3. There will be nothing interesting as the price will remain close to current levels without significant fluctuations.

The currency pair left the Ichimoku cloud while the XRP / USD crossed the lower boundary of this formation. However, there is still no moment and the fluctuations on the daily chart are sluggish.

IOT / USD

The cryptocurrency of the Internet of Things project is one of the two true "leaders" of the day as it has suffered a significant drop and lost about 7.62 percent in the last 24 hours. The currency pair has reached new local lows of $ 1.68.

IOTA removed this level of support later and almost touched the local downtrend (red) line. The IOTA price is far below the Ichimoku cloud, in the sense that bears have full control of the market at the time they write.

The possible scenarios for encryption are the following:

  1. IOT / USD will move upwards and test the red local downtrend trend line. If successful, the buyer will be able to reach the resistance area closer to $ 1.79.

  2. The IOTA will begin to decline and reach the support area closer to $ 1.68, which coincides with local lows, set yesterday.

  3. The currency will remain close to current levels without significant changes.

The currency pair has reached the highest edge of the Ichimoku cloud on the daily chart and the moment of truth has arrived. The bulls still have control over the market, but may lose their momentum if bears push the price below the indicator.

DASH / USD

DASH is the second "leader" of the day as the currency pair has lost about 7.12 percent in the last 24 hours. DASH / USD hit the local lows today and found support for $ 374.77. The currency pair jumped out of this line later.

DASH has almost reached the local descending trend line (red) but it is still below it. The price of DASH is lower than the Ichimoku cloud, which means that the bears are dominating the market.

The possible scenarios for the currency are the following:

  1. DASH will jump on the local downtrend line (red) and will move higher, towards the next resistance area at $ 400.30.

  2. The currency pair will jump from the downward trend line (red) and head towards the support area closer to $ 374.77.

  3. The price of DASH will remain unchanged and the fluctuations will be silent.

The cryptocurrency has left the Ichimoku cloud on the daily chart, but the fluctuations remain calm. There is no momentum at the moment. The price of a header is able to test the underside of the Ichimoku cloud.

EOS and Tron are leaders, Bitcoin, Ethereum in the green area
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