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BTCUSD Bitcoin

104,807.01

466.95 (0.45%)

09:51:10 - Realtime Data

Name	Symbol	Market	Market Cap ($)	Algorithm
Bitcoin	BTCUSD	Crypto	2,072,046,893,456	SHA-256d

	Price Change	Price Change %	Current Price	Bid Price	Offer
	466.95	0.45%	104,807.01	104,807.01	104,807.02

High Price	Low Price	Open Price	Prev. Close	52 Week Range
106,554.39	104,227.01	104,335.55	104,340.06	38,501.00 - 105,100.00

Exchange	Last Trade	Size	Trade Price	Currency
GDAX	09:51:11	0.000609	104,807.01	USD

Price x Volume	Volume	Base Symbol	Related Pairs
784,197,582.10	7,454.67	BTC	BTCEUR	BTCGBP	ETHBTC

XRP Price Holds Steady: What’s Next After Consolidation?

16/12/2024 4:08am

NEWSBTC

XRP price started a downside correction from the $2.50 zone. The price is now consolidating gains and might aim for a move above the $2.4650 resistance zone. XRP price started a fresh increase above the $2.425 zone. The price is now trading above $2.350 and the 100-hourly Simple Moving Average. There is a short-term bullish trend line forming with support at $2.380 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair might start another increase if it clears the $2.465 resistance. XRP Price Holds Support XRP price started a decent upward move above the $2.35 level, like Bitcoin and Ethereum. There was a move above the $2.40 and $2.420 resistance levels. The price even spiked above $2.50 before the bears appeared. A high was formed at $2.530 and the price is now consolidating gains. There was a minor decline below $2.4650. The price is now consolidating and trading below the 50% Fib retracement level of the downward move from the $2.53 swing high to the $2.354 low. The price is now trading above $2.350 and the 100-hourly Simple Moving Average. There is also a short-term bullish trend line forming with support at $2.380 on the hourly chart of the XRP/USD pair. On the upside, the price might face resistance near the $2.465 level. It is near the 61.8% Fib retracement level of the downward move from the $2.53 swing high to the $2.354 low. The first major resistance is near the $2.50 level. The next resistance is $2.550. A clear move above the $2.550 resistance might send the price toward the $2.650 resistance. Any more gains might send the price toward the $2.720 resistance or even $2.750 in the near term. The next major hurdle for the bulls might be $2.880. Another Drop? If XRP fails to clear the $2.465 resistance zone, it could start another decline. Initial support on the downside is near the $2.380 level. The next major support is near the $2.350 level. If there is a downside break and a close below the $2.350 level, the price might continue to decline toward the $2.280 support. The next major support sits near the $2.20 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 below the 50 level. Major Support Levels – $2.380 and $2.350. Major Resistance Levels – $2.4650 and $2.50.

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