XRP Price Slips After Rally — Bulls Still in Play or Fading Fast?
XRP price started a fresh increase above the $2.220 zone. The price is now correcting gains and might find bids near the $2.150 support zone. XRP price started a fresh increase above the $2.20 zone. The price is now trading above $2.20 and the 100-hourly Simple Moving Average. There was a break below a connecting bullish trend line with support at $2.220 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair might correct lower and test the $2.150 support zone. XRP Price Corrects Gains XRP price started a decent upward wave above the $2.10 and $2.120 resistance levels,....
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Bulls have utterly failed in capitalizing on the exuberance in the digital currency. As the price surged and sustained above the previous resistance zone of $280-285, the market was optimistic of the value crossing the $300-mark. However, even though $285 has not been breached on the lower end, considerable damage has already been done. Aggressive profit booking has led to price slipping from a high of $297 to a low of $286. Bitcoin is currently trading at $288.82, and bulls are fast losing steam which may become a cause of worry. https://www.tradingview.com/x/1Ipl74jQ/. As can be seen....
XRP has given up a serious percentage of its recent gains, with the cryptocurrency’s parabolic rally fading and showing few signs of strength as sellers rise with full force. The cryptocurrency’s parabolic rally came about shortly after it plunged to lows of $0.23 before rallying to the top of its multi-year trading range around $0.30. […]
Bitcoin has entered the week with upside price action into the mid-levels of its current levels. However, bulls face hurdles as an increase in selling pressure set back BTC’s price from $66,000 to a current price of $64,262 at the time of writing. Bitcoin entered a consolidation zone after a flash crash pushed its price from the high of its current levels to the critical support at around $62,500. The bullish sentiment seems to be fading as uncertainty takes over the market. Related Reading | Bitcoin Eyes Fresh Rally, Why Close above $66k Is Important Many traders were expecting a....
Bitcoin Price Key Highlights. Bitcoin price is still stuck in correction mode, as bulls seem unable to sustain their previous price rally. The Fibonacci retracement levels marked on the daily time frame could serve as potential areas where bulls might hop in. Bitcoin price could use a much larger correction from its similarly large rally throughout past week, possibly leading to a pullback to the 61.8% Fib. Area of Interest. At the moment, bitcoin price is finding support at the 50% Fibonacci retracement level, which lines up with the $350 mark. No reversal candlesticks have formed yet so....
BNB has bounced off the crucial $500 support level, sparking speculation about whether this marks the beginning of a bullish resurgence or a temporary relief before another downturn. After facing sustained selling pressure, buyers have stepped in to defend this key level, fueling hopes for a potential recovery. However, with resistance levels still looming, the true strength of this rebound remains uncertain. Market sentiment remains uncertain as bulls attempt to regain control while bears stay cautious. BNB’s next move hinges on breaking key resistance levels and sustaining higher prices.....