XRP, the cryptocurrency associated with the Ripple network, has been facing a tough time in the market recently. The price has extended its losses below the critical $0.5220 support zone, testing the $0.5120 support level. As it tries to recover, it is facing challenges in surpassing the $0.5320 resistance zone. Like other major cryptocurrencies such
Analysis
Bitcoin has seen a continued decline in its price, moving below the $68,000 level. As of now, BTC is slowly edging lower towards the $66,250 support zone in the short term. The cryptocurrency is currently trading below $68,500 and the 100 hourly Simple Moving Average. On the upside, BTC faces resistance near the $68,000 level,
Dogecoin recently experienced a correction in its gains, testing the $0.1620 zone against the US Dollar. Despite this, DOGE is now showing signs of forming a base and potentially initiating a fresh increase above $0.1680. The price is currently trading below the $0.1650 level and the 100-hourly simple moving average, indicating a period of consolidation
Recently, Ethereum price took a hit as it extended its downside correction below the $3,800 support level. This decline was a result of failing to maintain above the $3,880 zone, leading to a breach of key support levels. As a result, ETH is now approaching the critical $3,720 support and may be gearing up for
For the past 7 years, XRP has been stuck in an accumulation zone, much to the dismay of investors eagerly waiting for a breakout. However, hope is on the horizon as crypto analyst Babenski predicts that XRP is on the cusp of breaking out of this prolonged accumulation phase. The accumulation trend for XRP began
In the world of cryptocurrency, XRP has been a subject of much debate and speculation. Despite its lackluster price performance in recent times, several crypto analysts have maintained their bullish outlook on the future of XRP. One such analyst, BarriC, has boldly predicted that XRP will reach an astonishing $1,000 in the future. BarriC’s Argument
Ripple’s XRP price has continued to drop, falling below the $0.520 support level. Currently, the price is trading within a range and is looking to break above the $0.5320 resistance. Bearish Trend Line There is a significant bearish trend line forming with resistance at $0.5325 on the hourly chart of the XRP/USD pair based on
XRP price has faced a fresh decline after struggling near the $0.5570 level. The failure to surpass this level has resulted in the price correcting gains and potentially declining heavily if it breaks the 100-hourly SMA. Currently, XRP is trading below $0.5350 and the 100-hourly Simple Moving Average. There is a connecting bearish trend line
Uniswap Labs, the creator of a major decentralized trading platform, is currently facing potential enforcement action from the US Securities and Exchange Commission (SEC). The SEC has accused Uniswap Labs of operating as an unregistered exchange and broker-dealer. However, Uniswap Labs is challenging this allegation, arguing that crypto tokens should not be classified as securities.
Ethereum’s price recently experienced a significant rally, increasing by over 20% driven by growing optimism around the potential approval of an Ethereum Exchange-Traded Fund (ETF). This surge led to ETH breaking through multiple key resistance levels, including the crucial $3,500 mark. As of the latest data feed via Kraken, Ethereum is currently trading above $3,600,
