Hackers Demand $6.3 Million in Bitcoin From Malaysian Media Giant
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Hackers Demand $6.3 Million in bitcoin From Malaysian Media Giant
Ransomware creators have attacked Malaysian media giant Media Prima Bhd and are demanding bitcoins before they can allow access to the company’s compromised computer systems. According to The Edge Markets, which initially broke the news, the hackers struck on November 8 consequently denying the company’s employees access to the email system. The hackers are now
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Ripple price extended declines and moved below the $1.80 support against the US Dollar.
Yesterday’s highlighted crucial bearish trend line with current resistance at $1.85 is still in place on the hourly chart of the XRP/USD pair (data source from Kraken).
The price continues to move down and it could soon break the 1.60 low to for more losses.
Ripple price faced a lot of selling pressure against the US Dollar and bitcoin. XRP/USD could accelerate declines and it may soon test or break the $1.50 level.
Ripple Price Decline
It seems like the is here to stay on Ripple price below $2.00 against the US Dollar. The price was under a lot of pressure and it moved below the $1.80 and $1.70 support levels. The downside move is strong and the price is now below the $1.65 level. Recently, there was a recovery from the $1.6062 swing low with a break of the 23.6% Fib retracement level of the last decline from the $2.38 high to $1.60 low.
However, the upside move was capped by the $2.00 handle. Moreover, the 50% Fib retracement level of the last decline from the $2.38 high to $1.60 low also acted as a resistance. More importantly, yesterday’s highlighted crucial bearish trend line with current resistance at $1.85 is still in place on the hourly chart of the XRP/USD pair. It may continue to act as a strong barrier for buyers above $2.00. As long as the price is below the $2.00 handle, it of more losses below $1.60.
A break below the $1.60 level could open the doors for a test of the $1.50 level. Below the $1.50 level, there is a chance an extension towards the $1.40 level.
Looking at the technical indicators:
Hourly MACD – The MACD for XRP/USD is now placed in the bearish zone.
Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is heading lower towards the 25 level.
