According to COINOTAG news on September 23, monitoring data from @ai_9684xtpa revealed significant activity from a prominent whale address. This address recently withdrew 336 BTCB from Binance and subsequently borrowed
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Bitcoin’s Next Contender? This Altcoin Could See a 30,000% Rise by 2025!
As the crypto market continues its rollercoaster journey, Bitcoin remains a beacon for both seasoned investors and newcomers. However, alongside Bitcoin, several other altcoins are showing exceptional potential for explosive growth this year. Cryptocurrencies like Injective (INJ), Cardano (ADA), Chainlink (LINK), and Optimism (OP) are catching the eye of investors, each offering unique solutions and Continue Reading: Bitcoin’s Next Contender? This Altcoin Could See a 30,000% Rise by 2025! CoinOtag
XRP Price Could Soon Surge: Can Bulls Fuel the Rally?
XRP price is attempting an upside break above $0.600. The price is showing positive signs, but a weekly close above $0.600 is needed for a fresh surge. XRP price started another increase toward the $0.6050 zone. The price is now trading above $0.5880 and the 100-hourly Simple Moving Average. There was a break above a key bearish trend line with resistance at $0.590 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could gain bullish momentum if it clears the $0.5950 and $0.600 resistance levels. XRP Price Could Gain Bullish Momentum XRP price remained well-supported above $0.5750 and started a fresh increase like Bitcoin and Ethereum. The price was able to clear the $0.580 and $0.5880 resistance levels. There was a break above a key bearish trend line with resistance at $0.590 on the hourly chart of the XRP/USD pair. The bulls were able to push the price toward the 50% Fib retracement level of the downward move from the $0.6123 swing high to the $0.5784 high at $0.5950. The price is now trading above $0.5880 and the 100-hourly Simple Moving Average. On the upside, the price might face resistance near the $0.5950 level. The first major resistance is near the $0.600 level. The next key resistance could be $0.6050 or the 76.4% Fib retracement level of the downward move from the $0.6123 swing high to the $0.5784 high. A clear move above the $0.6050 resistance might send the price toward the $0.6120 resistance. Any more gains might send the price toward the $0.6280 resistance or even $0.6320 in the near term. Another Rejection and Drop? If XRP fails to clear the $0.600 resistance zone, it could start another decline. Initial support on the downside is near the $0.5880 level and the 100-hourly Simple Moving Average. The next major support is near the $0.580 level. If there is a downside break and a close below the $0.580 level, the price might continue to decline toward the $0.5720 support in the near term. The next major support sits at $0.5650. Technical Indicators Hourly MACD – The MACD for XRP/USD is now gaining pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now above the 50 level. Major Support Levels – $0.5880 and $0.5720. Major Resistance Levels – $0.5950 and $0.6050. CoinOtag