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BTCUSD Bitcoin

69,339.50

-868.28 (-1.24%)

09:20:18 - Realtime Data

Name	Symbol	Market	Market Cap ($)	Algorithm
Bitcoin	BTCUSD	Crypto	1,371,972,096,118	SHA-256d

	Price Change	Price Change %	Current Price	Bid Price	Offer
	-868.28	-1.24%	69,339.50	69,339.49	69,339.50

High Price	Low Price	Open Price	Prev. Close	52 Week Range
70,364.64	68,750.37	70,225.39	70,207.78	34,079.46 - 73,835.57

Exchange	Last Trade	Size	Trade Price	Currency
GDAX	09:20:18	0.000685	69,339.52	USD

Price x Volume	Volume	Base Symbol	Related Pairs
268,245,562.85	3,861.61	BTC	BTCEUR	BTCGBP	ETHBTC

XRP Price Stands Firm Amid Bitcoin’s Dip: A Sign of Strength?

01/11/2024 4:48am

NEWSBTC

XRP price is holding the $0.5020 support zone. The price is beating Bitcoin and might aim for a move above the $0.5250 resistance. XRP price is eyeing more gains above the $0.5250 zone. The price is now trading below $0.5200 and the 100-hourly Simple Moving Average. There was a break above a key bearish trend line with resistance at $0.5185 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could gain bullish momentum if it settles above the $0.5200 resistance zone. XRP Price Eyes Upside Break XRP price extended losses below the $0.5120 support zone. The price even declined below $0.5050 before the bulls emerged, but losses were limited compared to Bitcoin and Ethereum. A low was formed at $0.5025 and the price started a fresh increase. There was a move above the $0.5050 and $0.5120 resistance levels. It cleared the 50% Fib retracement level of the downward move from the $0.5307 swing high to the $0.5025 low. Besides, there was a break above a key bearish trend line with resistance at $0.5185 on the hourly chart of the XRP/USD pair. The price is now trading below $0.5200 and the 100-hourly Simple Moving Average. On the upside, the price might face resistance near the $0.5200 level or the 61.8% Fib retracement level of the downward move from the $0.5307 swing high to the $0.5025 low. The first major resistance is near the $0.5240 level. The next key resistance could be $0.5300. A clear move above the $0.5300 resistance might send the price toward the $0.5350 resistance. Any more gains might send the price toward the $0.5500 resistance or even $0.5550 in the near term. The next major hurdle might be $0.5850. Another Decline? If XRP fails to clear the $0.5200 resistance zone, it could start another decline. Initial support on the downside is near the $0.5120 level. The next major support is near the $0.5085 level. If there is a downside break and a close below the $0.5085 level, the price might continue to decline toward the $0.5020 support in the near term. The next major support sits near the $0.4880 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 – $0.5150 and $0.5085. Major Resistance Levels – $0.5200 and $0.5240.

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