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BTCUSD Bitcoin

98,906.84

-394.68 (-0.40%)

03:38:27 - Realtime Data

Name	Symbol	Market	Market Cap ($)	Algorithm
Bitcoin	BTCUSD	Crypto	1,950,845,943,693	SHA-256d

	Price Change	Price Change %	Current Price	Bid Price	Offer
	-394.68	-0.40%	98,906.84	98,900.25	98,900.26

High Price	Low Price	Open Price	Prev. Close	52 Week Range
99,887.00	98,389.90	99,600.00	99,301.52	38,501.00 - 108,388.88

Exchange	Last Trade	Size	Trade Price	Currency
GDAX	03:38:26	0.00000121	98,900.08	USD

Price x Volume	Volume	Base Symbol	Related Pairs
133,118,200.08	1,344.97	BTC	BTCEUR	BTCGBP	ETHBTC

XRP Price Battles Key Hurdles: Can Bulls Prevail?

25/12/2024 4:08am

NEWSBTC

XRP price corrected some losses and climbed above the $2.25 zone. The price is now struggling to clear the $2.350 resistance zone. XRP price is attempting a fresh increase above the $2.250 resistance zone. The price is now trading above $2.25 and the 100-hourly Simple Moving Average. There is a connecting bullish trend line forming with support at $2.285 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair might start a decent increase if it clears the $2.350 resistance. XRP Price Faces Hurdles XRP price started a fresh increase above the $2.20 support level, like Bitcoin and Ethereum. There was a decent increase above the $2.25 and $2.30 levels. The price even tested the $2.35 level before the bears appeared. A high was formed at $2.348 and the price is now consolidating gains. There was a minor decline below the 23.6% Fib retracement level of the upward move from the $2.130 swing low to the $2.348 high. The price is now trading above $2.25 and the 100-hourly Simple Moving Average. There is also a connecting bullish trend line forming with support at $2.285 on the hourly chart of the XRP/USD pair. On the upside, the price might face resistance near the $2.32 level. The first major resistance is near the $2.35 level. The next resistance is $2.40. A clear move above the $2.40 resistance might send the price toward the $2.50 resistance. Any more gains might send the price toward the $2.550 resistance or even $2.650 in the near term. The next major hurdle for the bulls might be $2.720. Another Decline? If XRP fails to clear the $2.350 resistance zone, it could start another decline. Initial support on the downside is near the $2.28 level and the trend line. The next major support is near the $2.240 level or the 50% Fib retracement level of the upward move from the $2.130 swing low to the $2.348 high. If there is a downside break and a close below the $2.240 level, the price might continue to decline toward the $2.20 support. The next major support sits near the $2.050 zone. Technical Indicators Hourly MACD – The MACD for XRP/USD is now losing pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now above the 50 level. Major Support Levels – $2.280 and $2.240. Major Resistance Levels – $2.350 and $2.40.

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