2 hours ago
XRP price started a strong increase above the $2.25 resistance zone. The price is up over 10% and might aim for a move above the $2.50 resistance zone. XRP price started a fresh increase above the $2.25 zone. The price is now trading above $2.30 and the 100-hourly Simple Moving Average. There was a break above a key bearish trend line with resistance at $2.215 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair might start another increase if it clears the $2.475 resistance. XRP Price Starts Fresh Increase XRP price started a decent upward move above the $2.20 level, beating Bitcoin and Ethereum . There was a move above the $2.25 and $2.30 resistance levels. During the increase, there was a break above a key bearish trend line with resistance at $2.215 on the hourly chart of the XRP/USD pair. The pair was able to surpass the 61.8% Fib retracement level of the downward wave from the $2.64 swing high to the $1.899 low. However, the bears are active below the $2.475 level. It coincides with the 76.4% Fib retracement level of the downward wave from the $2.64 swing high to the $1.899 low. The price is now trading above $2.350 and the 100-hourly Simple Moving Average. On the upside, the price might face resistance near the $2.45 level. The first major resistance is near the $2.4750 level. The next resistance is $2.50. A clear move above the $2.50 resistance might send the price toward the $2.550 resistance. Any more gains might send the price toward the $2.650 resistance or even $2.720 in the near term. The next major hurdle for the bulls might be $2.880. Another Pullback? If XRP fails to clear the $2.475 resistance zone, it could start another decline. Initial support on the downside is near the $2.280 level. The next major support is near the $2.20 level. If there is a downside break and a close below the $2.20 level, the price might continue to decline toward the $2.080 support. The next major support sits near the $2.00 zone. 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 – $2.280 and $2.200. Major Resistance Levels – $2.4750 and $2.6450.
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.
LINK, AAVE Rocket 30% as Trump’s World Liberty Financial Buys $2M Tokens
Crypto wallets connected to the Trump family-supported World Liberty Financial project purchased millions of dollars worth of various major tokens early Thursday, causing their prices to rocket. World Liberty Financial is a unified platform where users can borrow and lend cryptocurrencies, create liquidity pools and transact with stablecoins. WLFI serves as a governance token for the platform. President-elect Donald Trump is "chief crypto advocate" of the project. Two of his sons, Eric and Donald Trump Jr., are "web3 ambassadors," while Barron holds the title of "DeFi visionary." Data shows the project purchased $10 million in ether (ETH), and $1 million each in aave (AAVE) and Chainlink’s LINK tokens early Thursday. ETH prices surged 7% in Asian morning hours after the purchases, while AAVE and LINK prices surged 30% on the bullish sentiment. The wallet has additionally spent $30 million to buy 8,105 ETH at an average price of $3,700 in the past 12 days, per Spot on Chain . Well-followed crypto trader @TheFlowHorse speculated that the tokens were likely part of bigger plans in the coming months: “Trump’s account is buying the crypto pairs that are set to benefit heavily from his plans.” World Liberty Financial uses data provider Chainlink`s services for better integrating with the wider crypto ecosystem. Chainlink supports the platform by providing crucial pricing data and cross-chain interoperability infrastructure, per a November report. Last week, the platform’s DAO proposed deploying a World Liberty Financial Aave v3 instance. This instance will be managed through external risk managers, built on the existing Aave v3 infrastructure, and released on Ethereum. An instance refers to a specific deployment or version of a protocol, application, or service on a blockchain network. The vote has already met quorum ahead of its end date on Dec. 13, governance data shows , and key objectives include attracting first-time users to the platform as well as sharing a piece of revenues with those who provide liquidity. NewsBTC
Solana Memecoin Crypto King Musk (MUSKKING) to Rally 13,000% Ahead of First Exchange Listing, As BONK and DOGE Fall
Crypto King Musk could turn early investors into multi-millionaires, like other memecoins, such as Shiba Inu (SHIB) and Dogecoin (DOGE), did. Crypto King Musk (MUSKKING), a Solana memecoin launched today, is set to explode over 13,000% in price in the coming days. This is because MUSKKING is set to soon be listed on numerous crypto exchanges, according to reports. This will give the Solana memecoin exposure to millions of additional investors, who will pour funds into the coin and cause its price to rally, which will benefit investors who buy before these new exchange listings. Currently, Crypto King Musk can only be purchased via Solana decentralized exchanges, like Jup.ag and Raydium.io, and early investors stand to make huge returns in the coming days. Early investors in SHIB and DOGE made astronomical returns, and Crypto King Musk could become the next viral memecoin. Crypto King Musk launched with over $7,000 of liquidity, giving it a unique advantage over the majority of other new memecoins, and early investors could make huge gains. How to Buy To buy Crypto King Musk on Raydium.io or Jup.ag ahead of the CEX listings, users need to connect their Solflare, MetaMask, or Phantom wallet and swap Solana for Crypto King Musk by entering its contract address – v2jWiNpR1m8gHARdM39GosZ8muaxZpowpBgWgWTSCev – in the receiving field. If you don’t have one of these wallets already, you can create a new wallet in a few minutes and transfer some Solana to it (which will then be used to buy the memecoin) from an exchange like Coinbase, Binance, and many others. Early investors could make returns similar to those who invested in Shiba Inu (SHIB) and Dogecoin (DOGE) before these memecoins went viral and exploded in price. If this happens, a new wave of memecoin millionaires could be created in a matter of weeks – or potentially even sooner. The Solana memecoin craze continues amid larger memecoins, like Shiba Inu (SHIB), Dogecoin (DOGE), and DogWifHat (WIF), trading sideways in recent weeks and losing momentum. This is why many SHIB, DOGE, and WIF investors are instead investing in new Solana memecoins, like MUSKKING. Such memecoins have no utility and no inherent value, but investors looking for high gains have been investing in them due to their potential to rapidly rise in price. NewsBTC
