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BTCUSD Bitcoin

58,860.57

-494.86 (-0.83%)

10:40:21 - Realtime Data

Name	Symbol	Market	Market Cap ($)	Algorithm
Bitcoin	BTCUSD	Crypto	1,158,532,789,402	SHA-256d

	Price Change	Price Change %	Current Price	Bid Price	Offer
	-494.86	-0.83%	58,860.57	58,860.01	58,863.50

High Price	Low Price	Open Price	Prev. Close	52 Week Range
59,937.89	58,721.22	59,296.96	59,355.43	24,900.00 - 73,835.57

Exchange	Last Trade	Size	Trade Price	Currency
GDAX	10:40:33	0.016109	58,862.66	USD

Price x Volume	Volume	Base Symbol	Related Pairs
210,099,520.73	3,542.45	BTC	BTCEUR	BTCGBP	ETHBTC

XRP Price Struggles at Resistance: Will Bulls Power a Fresh Upsurge?

13/08/2024 5:28am

NEWSBTC

XRP price is consolidating above the $0.5450 support. The price must clear the $0.5800 resistance to start a fresh increase in the near term. XRP price is attempting a fresh increase above the $0.5650 level. The price is now trading below $0.580 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance at $0.570 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could start a fresh increase if it clears the $0.580 resistance zone. XRP Price Eyes Breakout XRP price extended losses and even spiked below the $0.550 support zone. It tested the $0.5450 level. A low is formed at $0.5457 and the price is now attempting a fresh increase, like Bitcoin and Ethereum. There was a move above the $0.5550 and $0.5600 levels. The price climbed above the 50% Fib retracement level of the downward move from the $0.6020 swing high to the $0.5457 low. However, the bears are active near the $0.580 resistance zone. There is also a key bearish trend line forming with resistance at $0.570 on the hourly chart of the XRP/USD pair. The price is now trading below $0.570 and the 100-hourly Simple Moving Average. On the upside, the price is facing hurdles near the $0.570 level. The first major resistance is near the $0.580 level. It is close to the 61.8% Fib retracement level of the downward move from the $0.6020 swing high to the $0.5457 low. The next key resistance could be $0.5850. A clear move above the $0.5850 resistance might send the price toward the $0.6050 resistance. The next major resistance is near the $0.6200 level. Any more gains might send the price toward the $0.6320 resistance or even $0.650 in the near term. Another Drop? If XRP fails to clear the $0.580 resistance zone, it could start another decline. Initial support on the downside is near the $0.5580 level. The next major support is at $0.5450. If there is a downside break and a close below the $0.5450 level, the price might continue to decline toward the $0.5320 support. The next major support sits at $0.5250. 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 near the 50 level. Major Support Levels – $0.5580 and $0.5450. Major Resistance Levels – $0.5700 and $0.5800.

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