Gold vs US Dollar

Register to chat with like-minded investors on our interactive forums.

Get Started

BTCUSD Bitcoin

89,598.87

845.20 (0.95%)

20:59:12 - Realtime Data

Name	Symbol	Market	Market Cap ($)	Algorithm
Bitcoin	BTCUSD	Crypto	1,773,903,805,589	SHA-256d

	Price Change	Price Change %	Current Price	Bid Price	Offer
	845.20	0.95%	89,598.87	89,594.56	89,598.79

High Price	Low Price	Open Price	Prev. Close	52 Week Range
90,100.00	85,010.00	88,482.23	88,753.66	34,758.64 - 89,666.00

Exchange	Last Trade	Size	Trade Price	Currency
BSTP	20:59:12	0.010547	89,689.00	USD

Price x Volume	Volume	Base Symbol	Related Pairs
3,939,912,450.35	44,811.52	BTC	BTCEUR	BTCGBP	ETHBTC

XRP Price Struggles: Can It Break Free from the Downtrend?

02/09/2024 5:28am

NEWSBTC

XRP price extended losses below the $0.5650 support. The price is showing bearish signs and might even decline below the $0.540 level. XRP price started a fresh decline below the $0.600 zone. The price is now trading below $0.5650 and the 100-hourly Simple Moving Average. There is a connecting bearish trend line forming with resistance at $0.5560 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could attempt a recovery wave if it clears the $0.5650 resistance zone. XRP Price Turns Red XRP price failed to stay above the $0.60 support and extended losses like Bitcoin and Ethereum. The price declined below the $0.5650 and $0.5550 support levels to enter a bearish zone. The price even tested the $0.5440 level. A low was formed at $0.5440 and the price is now consolidating losses. It is trying to start a recovery wave and test the 23.6% Fib retracement level of the recent decline from the $0.5721 swing high to the $0.5440 low. The price is still trading below $0.5650 and the 100-hourly Simple Moving Average. On the upside, the price might face resistance near the $0.5550 level. The first major resistance is near the $0.5560 level. There is also a connecting bearish trend line forming with resistance at $0.5560 on the hourly chart of the XRP/USD pair. The trend line is close to the 50% Fib retracement level of the recent decline from the $0.5721 swing high to the $0.5440 low. The next key resistance could be $0.5650. A clear move above the $0.5650 resistance might send the price toward the $0.5720 resistance. The next major resistance is near the $0.5840 level. Any more gains might send the price toward the $0.5920 resistance or even $0.60 in the near term. More Losses? If XRP fails to clear the $0.5650 resistance zone, it could start another decline. Initial support on the downside is near the $0.5440 level. The next major support is at $0.5320. If there is a downside break and a close below the $0.5320 level, the price might continue to decline toward the $0.5220 support in the near term. The next major support sits at $0.5150. Technical Indicators Hourly MACD – The MACD for XRP/USD is now gaining pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now below the 50 level. Major Support Levels – $0.5440 and $0.5320. Major Resistance Levels – $0.5560 and $0.5650.

1 Year Bitcoin Chart

1 Year Bitcoin Chart

1 Month Bitcoin Chart

1 Month Bitcoin Chart

Delayed Upgrade Clock

Support: +44 (0) 203 8794 460 | support@advfn.com

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions