XRP Maintains Support: Can It Rise Amid BTC and ETH Declines?
XRP price extended gains above the $0.6220 zone. The price tested the $0.6330 zone before there was a pullback amid declines in BTC and ETH. XRP price started a downside correction from the $0.6330 zone. The price is now trading near $0.600 and the 100-hourly Simple Moving Average. There is a connecting bullish trend line forming with support at $0.5920 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could start another increase if it stays above the $0.590 support zone. XRP Price Holds Uptrend Support XRP price extended its increase above the $0.6150....
Related News
The price of bitcoin declined sharply in global markets today, falling by 15%, according to the CoinDesk USD Bitcoin Price Index (BPI). Dollar-denominated markets hit a low of $372.73. BPI data shows that the declines began on Tuesday, accelerating as the week progressed. At press time, USD markets are reporting an average price of$371.45. The declines came amid a frenzied media response to the much-discussed exit of BitcoinJ developer Mike Hearn from the bitcoin project in which 30 media outlets seized on his claims the still-operating network had 'failed'. Today also saw claims from....
Following two days of declines, dogecoin rebounded earlier in today’s session, moving away from a key level of support. The meme coin, which has been hovering close to a one-month low, surged, as bulls seemingly bought the dip. The token formerly known as ripple (xrp) was also higher. Dogecoin (DOGE) Dogecoin (DOGE) was a notable gainer in today’s session, as the meme coin rebounded following recent losses. So far this week, DOGE/USD has been trading around a floor of $0.0580, however prices rallied beyond that point today. The world’s tenth largest cryptocurrency rose....
Bitcoin prices jumped during the European trading session on Monday even though traders assessed the potential of its massive declines against a stronger US dollar. The flagship cryptocurrency topped at $31,935, up 5 percent ahead of the New York opening bell. Traders flocked back into the BTC/USD markets after the pair breached $30,000-support on Wednesday. […]
Bitcoin (BTC) has completed its ninth test of the $60,000 support level, hinting at a potential shift in the cryptocurrency’s trajectory. According to a crypto analyst, Bitcoin faces significant moves ahead and determining the direction of this momentum is crucial. BTC Retests $60,000 Support For The 9th Time In an X (formerly Twitter) post published on July 3, a crypto analyst identified as ‘Dana Crypto Trades’ declared that Bitcoin has successfully completed its ninth test for the $60,000 support region. A support level is a price threshold where assets tend to stop falling, signaling....
The bitcoin price has risen in the last seven days after two weeks of declines. It gained $25 over the week to hit a high of $351.44 on 7th November and is trading well above that level today, at a high of $365.82. The price increase has been accompanied by a rise in trading volume, which increased 32% week-on-week to 2.61 million BTC. This rise in volume was led by activity on Huobi, OKCoin and BTC-e. Although OKCoin reported this week that it would calculate its futures trading volume in a new way that would double its figures, this did not affect its volume numbers in its market for....