A company that is changing the way the world mines bitcoin

NewsBTC 2025-01-14 04:08:32

XRP Price Dominates: Outperforming Bitcoin With Confidence

XRP price started a fresh increase above the $2.450 level despite pressure on Bitcoin. The price is still showing positive signs and could clear the $2.550 resistance. XRP price gained over 4% and rallied above the $2.450 zone. The price is now trading above $2.4650 and the 100-hourly Simple Moving Average. There was a break above a connecting bearish trend line with resistance at $2.50 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair might start a fresh increase if it stays above the $2.420 support. XRP Price Eyes More Gains $2.50 XRP price managed to start a fresh increase above the $2.40 and $2.42 resistance levels. The price gained over 4% and outperformed both Bitcoin and Ethereum . There was a move above the $2.45 and $2.480 levels. The price climbed above the 50% Fib retracement level of the downward move from the $2.597 swing high to the $2.332 low. There was also a break above a connecting bearish trend line with resistance at $2.50 on the hourly chart of the XRP/USD pair. The price is now trading above $2.4650 and the 100-hourly Simple Moving Average. On the upside, the price might face resistance near the $2.550 level or the 76.4% Fib retracement level of the downward move from the $2.597 swing high to the $2.332 low. The first major resistance is near the $2.60 level. The next resistance is $2.620. A clear move above the $2.620 resistance might send the price toward the $2.650 resistance. Any more gains might send the price toward the $2.720 resistance or even $2.7350 in the near term. The next major hurdle for the bulls might be $2.80. Downside Correction? If XRP fails to clear the $2.60 resistance zone, it could start another decline. Initial support on the downside is near the $2.480 level. The next major support is near the $2.420 level. If there is a downside break and a close below the $2.420 level, the price might continue to decline toward the $2.350 support. The next major support sits near the $2.320 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 above the 50 level. Major Support Levels – $2.480 and $2.420. Major Resistance Levels – $2.550 and $2.600.

Наиболее читаемые новости

Tether Sues Swan Bitcoin Over Contract Disput...
2025-01-15
SEC Chairman Gary Gensler Discusses Cryptocur...
2025-01-15
Anthony Pompliano Shares 3 Key Actions For Tr...
2025-01-15
Bitcoin Shows Signs of Potential Growth as In...
2025-01-15
Satoshi Action Fund raises $300,000 as it adv...
2025-01-15
DreamSmart's Web3 Smart Glasses Want to Pay Y...
2025-01-15
SEC’s Lawsuit Against Musk: A Political Ploy...
2025-01-15
XRP’s Explos-on: These 5 Altcoins Could Deliv...
2025-01-15

Связанные новости

Прочтите Отказ от ответственности : Весь контент, представленный на нашем сайте, гиперссылки, связанные приложения, форумы, блоги, учетные записи социальных сетей и другие платформы («Сайт») предназначен только для вашей общей информации, приобретенной у сторонних источников. Мы не предоставляем никаких гарантий в отношении нашего контента, включая, но не ограничиваясь, точность и обновление. Никакая часть содержания, которое мы предоставляем, представляет собой финансовый совет, юридическую консультацию или любую другую форму совета, предназначенную для вашей конкретной опоры для любых целей. Любое использование или доверие к нашему контенту осуществляется исключительно на свой страх и риск. Вы должны провести собственное исследование, просмотреть, проанализировать и проверить наш контент, прежде чем полагаться на них. Торговля - очень рискованная деятельность, которая может привести к серьезным потерям, поэтому проконсультируйтесь с вашим финансовым консультантом, прежде чем принимать какие-либо решения. Никакое содержание на нашем Сайте не предназначено для запроса или предложения