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BTCUSD Bitcoin

96,293.77

323.28 (0.34%)

12:09:32 - Realtime Data

Name	Symbol	Market	Market Cap ($)	Algorithm
Bitcoin	BTCUSD	Crypto	1,902,251,497,328	SHA-256d

	Price Change	Price Change %	Current Price	Bid Price	Offer
	323.28	0.34%	96,293.77	96,293.77	96,293.78

High Price	Low Price	Open Price	Prev. Close	52 Week Range
97,023.14	95,400.01	95,992.36	95,970.49	38,501.00 - 99,860.00

Exchange	Last Trade	Size	Trade Price	Currency
GDAX	12:09:32	0.000059	96,293.77	USD

Price x Volume	Volume	Base Symbol	Related Pairs
320,449,167.41	3,327.53	BTC	BTCEUR	BTCGBP	ETHBTC

XRP Price Defies The Odds – Can It Smash Through $3?

03/12/2024 4:08am

NEWSBTC

XRP price is up over 50% and trading well above $2.50. The price is consolidating near $2.70 and might aim for more gains above the $2.80 level. XRP price is eyeing a fresh increase above the $2.80 resistance zone. The price is now trading above $2.50 and the 100-hourly Simple Moving Average. There is a short-term contracting triangle forming with resistance at $2.72 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair might continue to accelerate if it clears the $2.75 resistance. XRP Price Extends Surge Above $2.50 XRP price accelerated higher after it settled above the $2.00 level. It cleared many hurdles near $2.25, beating Bitcoin and like Ethereum. There was a move above the $2.50 and $2.65 resistance levels. It is up over 50% and there was a move above the $2.80 level. A high was formed at $2.869 and the price is now consolidating gains. It dipped some points and tested the $2.70 level. There was a move below the 2.36% Fib retracement level of the upward move from the $2.190 swing low to the $2.869 high. The price is now trading above $2.50 and the 100-hourly Simple Moving Average. On the upside, the price might face resistance near the $2.720 level. There is also a short-term contracting triangle forming with resistance at $2.72 on the hourly chart of the XRP/USD pair. The first major resistance is near the $2.750 level. The next key resistance could be $2.850. A clear move above the $2.850 resistance might send the price toward the $2.960 resistance. Any more gains might send the price toward the $3.00 resistance or even $3.120 in the near term. The next major hurdle for the bulls might be $3.20. Are Dips Supported? If XRP fails to clear the $2.720 resistance zone, it could start a downside correction. Initial support on the downside is near the $2.650 level. The next major support is near the $2.520 level or the 50% Fib retracement level of the upward move from the $2.190 swing low to the $2.869 high. If there is a downside break and a close below the $2.520 level, the price might continue to decline toward the $2.450 support. The next major support sits near the $2.30 zone. Technical Indicators Hourly MACD – The MACD for XRP/USD is now gaining pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now above the 50 level. Major Support Levels – $2.5200 and $2.4500. Major Resistance Levels – $2.7200 and $2.8500.

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