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BTCUSD Bitcoin

87,879.62
533.64 (0.61%)
15:24:06 - Realtime Data
Name Symbol Market Market Cap ($) Algorithm
Bitcoin BTCUSD Crypto 1,748,401,098,333 SHA-256d
  Price Change Price Change % Current Price Bid Price Offer
  533.64 0.61% 87,879.62 87,876.98 87,878.64
High Price Low Price Open Price Prev. Close 52 Week Range
90,702.12 87,100.83 87,526.76 87,345.98 35,358.45 - 93,495.00
Exchange Last Trade Size Trade Price Currency
GDAX 15:24:05 0.000125 87,893.12 USD
Price x Volume Volume Base Symbol Related Pairs
1,012,090,531.56 11,406.36 BTC BTCEUR BTCGBP ETHBTC

XRP Price Holds Ground at $0.50: Can Bulls Push for a Comeback?

09/09/2024 5:08am

NEWSBTC


XRP price managed to stay above the $0.5000 level. The price is rebounding and must clear the $0.5480 resistance level to start a decent increase. XRP price is struggling to gain pace for a move above the $0.5350 zone. The price is now trading below $0.5320 and the 100-hourly Simple Moving Average. There was a break above a key bearish trend line with resistance at $0.5280 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could decline again if it fails to clear $0.5320 and $0.5480. XRP Price Faces Resistance XRP price extended losses below $0.5350 like Bitcoin and Ethereum. There was a fresh decline, and the price retested the $0.5020 support zone. A low was formed at $0.5021 and the price is now attempting a recovery wave. There was a minor increase above the $0.520 level. The price surpassed the 23.6% Fib retracement level of the downward move from the $0.5626 swing high to the $0.5021 low. There was a break above a key bearish trend line with resistance at $0.5280 on the hourly chart of the XRP/USD pair. However, the bears seem to be active near the $0.5320 and $0.5350 levels. The price is now trading below $0.5350 and the 100-hourly Simple Moving Average. On the upside, the price might face resistance near the $0.5320 level. The first major resistance is near the $0.5480 level or the 76.4% Fib retracement level of the downward move from the $0.5626 swing high to the $0.5021 low. The next key resistance could be $0.5550. A clear move above the $0.5550 resistance might send the price toward the $0.5620 resistance. The next major resistance is near the $0.5750 level. Any more gains might send the price toward the $0.5880 resistance or even $0.600 in the near term. Another Decline? If XRP fails to clear the $0.5320 resistance zone, it could start another decline. Initial support on the downside is near the $0.5220 level. The next major support is $0.5200. If there is a downside break and a close below the $0.5200 level, the price might continue to decline toward the $0.5120 support in the near term. The next major support sits at $0.5020. 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 – $0.5200 and $0.5120. Major Resistance Levels – $0.5320 and $0.5480.

1 Year Bitcoin Chart

1 Year Bitcoin Chart

1 Month Bitcoin Chart

1 Month Bitcoin Chart