3 hours ago
XRP price started a downside correction from the $2.50 zone. The price is now consolidating gains and might aim for a move above the $2.4650 resistance zone. XRP price started a fresh increase above the $2.425 zone. The price is now trading above $2.350 and the 100-hourly Simple Moving Average. There is a short-term bullish trend line forming with support at $2.380 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair might start another increase if it clears the $2.465 resistance. XRP Price Holds Support XRP price started a decent upward move above the $2.35 level, like Bitcoin and Ethereum . There was a move above the $2.40 and $2.420 resistance levels. The price even spiked above $2.50 before the bears appeared. A high was formed at $2.530 and the price is now consolidating gains. There was a minor decline below $2.4650. The price is now consolidating and trading below the 50% Fib retracement level of the downward move from the $2.53 swing high to the $2.354 low. The price is now trading above $2.350 and the 100-hourly Simple Moving Average. There is also a short-term bullish trend line forming with support at $2.380 on the hourly chart of the XRP/USD pair. On the upside, the price might face resistance near the $2.465 level. It is near the 61.8% Fib retracement level of the downward move from the $2.53 swing high to the $2.354 low. The first major resistance is near the $2.50 level. The next resistance is $2.550. A clear move above the $2.550 resistance might send the price toward the $2.650 resistance. Any more gains might send the price toward the $2.720 resistance or even $2.750 in the near term. The next major hurdle for the bulls might be $2.880. Another Drop? If XRP fails to clear the $2.465 resistance zone, it could start another decline. Initial support on the downside is near the $2.380 level. The next major support is near the $2.350 level. If there is a downside break and a close below the $2.350 level, the price might continue to decline toward the $2.280 support. The next major support sits near the $2.20 zone. Technical Indicators Hourly MACD – The MACD for XRP/USD is now losing pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now below the 50 level. Major Support Levels – $2.380 and $2.350. Major Resistance Levels – $2.4650 and $2.50.
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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.
Whales Accumulate Large Amounts of ADA and DOGE in Crypto Market
Whales have made significant purchases of ADA and DOGE recently. Strong support levels for Bitcoin are established between 94,300 and 100,250 dollars. Continue Reading: Whales Accumulate Large Amounts of ADA and DOGE in Crypto Market The post Whales Accumulate Large Amounts of ADA and DOGE in Crypto Market appeared first on COINTURK NEWS . NewsBTC
Bitcoin, ETH, & XRP Price Prediction For This Week: What’s Next As BTC Price Hits $106k?
The post Bitcoin, ETH, & XRP Price Prediction For This Week: What’s Next As BTC Price Hits $106k? appeared first on Coinpedia Fintech News The cryptocurrency market has achieved a new high by hitting a market capitalization of over $3.7 Trillion. With this, Bitcoin price today has achieved a new all-time high of $106,488.25 during the early Asian market hours. This highlights a strong bullish sentiment in the crypto space. With the present market sentiment turning extremely greedy, is this a good time to invest in Bitcoin, Ethereum, & Ripple? Dive in as, in this article, we have covered the short-term price prospects of the top 3 cryptocurrencies by market capitalization. Bitcoin (BTC) The Bitcoin price has added 2.23% in 24 hours with a trading volume of $62.123 billion. This has resulted in the BTC price achieving a new ATH of $106,488.25 today. Moreover, it has jumped 5.83% in seven days and 14.67% over the last 30 days. TradingView: BTC/USDT The Simple Moving Average (SMA) has supported the Bitcoin price in the daily chart. On the other hand, the MACD indicator records a constant red histogram, highlighting a mixed price sentiment in the crypto market. If the bullish sentiment sustains, the BTC price could head toward its target price of $110,000 during the upcoming time. On the contrary, if a bearish reversal occurs, the star crypto could retest its $100k mark. To find out answers to questions like how high can Bitcoin price realistically go? Read Bitcoin price prediction until 2030! Ethereum (ETH) The ETH coin price has maintained its bullish price action by adding ~2% to its valuation over the past day. Further, it has surged 26.84% over the last 30 days and has a YTD return of +73.88%. TradingView: ETH/USDT The Relative Strength Index (RSI) is on the path of experiencing a bullish convergence in the 1D time frame. Moreover, with its SMA indicator recording a bullish rise, the Ethereum price may continue gaining value this week. If the market favors the bulls, the ETH price could reclaim the $4,000 mark. Moreover, if the bullish sentiment intensifies, this could push the price of this altcoin toward its $4,500 level. Conversely, if the bears outrun the bulls, the price could retest its $3.7k level. Considering buying the ETH tokens before it hits $5000? Read Ethereum price prediction to uncover the long-term mysteries! Ripple (XRP) Despite recording a bearish price action over the past week, the XRP coin price has surged 146.68% over the last 30 days. Furthermore, with a Year-to-Date return of +291.52%, this altcoin has outperformed top tokens this year. TradingView: XRP/USDT The Moving Average Convergence Divergence (MACD) displays a rising red histogram in the 1D time frame. With a bearish crossover in its averages and a negative SMA indicator, the XRP price hints at a negative action this week. Suppose, the bullish sentiment sustains, in that case, the Ripple price will surpass its $2.5 mark and head toward its $3 mark this week. However, if the bears regain dominance, the XRP coin price could drop toward its low of $2 this month. To find out if the Ripple price will hit $5 this crypto bull run, Read our XRP Price Prediction . Also, subscribe to CoinPedia to stay updated on the latest cryptocurrency news first! FAQs Is BTC a buy or sell? With the dominance of Bitcoin increasing to 55.98%, the largest cryptocurrency by market cap is highly bullish. Why crypto market is up today? Amid increased bullish sentiment and rising adoption, the crypto market has added over $150 billion to its valuation over the past weekend. How much will 1 XRP be worth in 2030? If the bullish sentiment sustains and the project witnesses increased adoption, in that case, a single XRP token could reach a maximum price of ~$10 by 2030. NewsBTC
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HTX WEEKLY：15 Dec. 2024
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