15 hours ago
XRP price started a fresh decline below the $2.650 resistance. The price is now consolidating losses and might face resistance near the $2.550 zone. XRP price started a fresh decline below the $2.650 zone. The price is now trading above $2.40 and the 100-hourly Simple Moving Average. There is a short-term rising channel forming with support at $2.40 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair might continue to move down if it remains below the $2.550 resistance zone. XRP Price Faces Resistance XRP price started a fresh decline from the $3.00 resistance, like Bitcoin and Ethereum . The price dipped below the $2.80 and $2.60 levels. The bears were able to push the price below the 50% Fib retracement level of the upward move from the $1.95 swing low to the $3.00 high. Finally, the bulls appeared near the $2.20 support zone. A base is forming and the price is now attempting to recover above $2.30. The price is now trading above $2.40 and the 100-hourly Simple Moving Average. There is also a short-term rising channel forming with support at $2.40 on the hourly chart of the XRP/USD pair. On the upside, the price might face resistance near the $2.550 level. The first major resistance is near the $2.650 level. The next resistance is $2.750. A clear move above the $2.750 resistance might send the price toward the $2.80 resistance. Any more gains might send the price toward the $2.880 resistance or even $2.920 in the near term. The next major hurdle for the bulls might be $3.00. Another Decline? If XRP fails to clear the $2.550 resistance zone, it could start another decline. Initial support on the downside is near the $2.40 level. The next major support is near the $2.320 level. If there is a downside break and a close below the $2.320 level, the price might continue to decline toward the $2.20 support and the 76.4% Fib retracement level of the upward move from the $1.95 swing low to the $3.00 high. The next major support sits near the $2.120 zone. Technical Indicators Hourly MACD – The MACD for XRP/USD is now losing pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now above the 50 level. Major Support Levels – $2.40 and $2.320. Major Resistance Levels – $2.550 and $2.750.
NewsBTC
You can visit the page to read the article.
Source: NewsBTC
Tags :
XRP Ripple XRPBTC XRPUSD xrpusdt
Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of BitMaden. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.
WonderFi mulls bringing derivatives trading to Canadian crypto exchanges Bitbuy, Coinsquare
WonderFi is considering partnerships that would bring derivatives trading to its platforms, Bitbuy and Coinsquare, in Canada and Australia. Vancouver-based WonderFi Technologies Inc. is exploring a new partnership to bring derivatives trading to its crypto platforms, Bitbuy and Coinsquare, in Canada and Australia . The company revealed in a March 5 press release that it entered a non-binding letter of intent with Australian broker Eightcap and Embedded, its trading-as-a-service solution, that would give users of Bitbut and Coinsquare access to derivatives products, including foreign exchange, indices, oil, metals, and select stocks. These products will be offered as contracts for difference, which are regulated over-the-counter derivatives, allowing users to speculate on asset price movements without owning the underlying assets, the press release reads. You might also like: BlackRock debuts Bitcoin ETF on CBOE Canada Eightcap will provide trading technology and liquidity for Bitbuy and Coinsquare, opening offerings in Canada and for Bitbuy in Australia. WonderFi chief executive Dean Skurka says the collaboration marks a “significant step forward, setting out a framework that we believe will empower our users with greater access to global financial markets, all within the trusted ecosystems they already know and love.” The rollout of the new products is expected in late 2025 as it’s still pending final agreements and regulatory approvals. In May 2024, WonderFi announced the consolidation of its trading platforms, Coinsquare and Bitbuy, making it the largest crypto trading platform in Canada regulated by the Canadian Investment Regulatory Organization. Read more: Bitcoin miner Bitdeer acquires $21.7m power plant in Canada NewsBTC
AERO and WLD are available for trading!
We’re thrilled to announce that AERO and WLD are now available for trading on Kraken! Funding and trading AERO and WLD trading will be live as of 15:00 UTC today, Mar 5, 2025. To add an asset to your Kraken account, navigate to Funding, select the asset you’re after, and hit ‘Deposit’. Make sure to deposit your tokens into networks supported by Kraken. Deposits made using other networks will be lost. Trade on Kraken Please note: Trading via Kraken App and Instant Buy will be available once the liquidity conditions are met (when a sufficient number of buyers and sellers have entered the market for their orders to be efficiently matched). Geographic restrictions may apply. Here’s some more information about these assets: Aerodrome Finance (AERO) Aerodrome Finance (AERO) is a next-generation Automated Market Maker (AMM) and liquidity hub built on the Base network. It enables efficient token swaps, incentivized liquidity provision, and decentralized governance through a dual-token system. With epoch-based rewards and a vote-lock governance model, Aerodrome optimizes liquidity incentives while maintaining decentralization. WorldCoin (WLD) Worldcoin (WLD) is a decentralized identity and financial network designed to provide global economic access. The project aims to enable secure identity verification, decentralized finance participation, and AI-driven universal basic income (UBI). Users can store cryptocurrencies, verify identity on third-party apps, and participate in governance through WLD tokens. Ready to trade but don’t have a Kraken account yet? Sign up today ! Get Started with Kraken Will Kraken make more assets available? Yes! But our policy is to never reveal any details until shortly before launch – including which assets we are considering. All of Kraken’s available tokens can be found here , and all future tokens will be announced on our Listings Roadmap and social media profiles . Our client engagement specialists cannot answer any questions about which assets we may be making available in the future. The post AERO and WLD are available for trading! appeared first on Kraken Blog . NewsBTC
