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Tag Archives: xrpusd

XRP Loses 34% in April, Here’s What’s Next (Ripple Price Analysis)

After Ripple ended April with a 34% red candlestick, it is now on the monthly Fibonacci Retracement at 0.786, and many expect the one-year downtrend to end. Technical Analysis By Grizzly The Daily Chart: Chart by TradingViewOn the daily timeframe, after the price could not break the descending line at the end of March, the bears pushed XRP down by 40%. Ripple is currently on the horizontal support in the range of $0.5-$0.55, which has so far acted well. The RSI indicator has...

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Crypto Markets Shed $130B, Bitcoin Dumps to 2-Month Low (Market Watch)

Bitcoin continues to gradually lose value and dropped to a near two-month low of just over $37,000. The altcoins are also deep in the red, with notable price losses from Solana, Cardano, Terra, Polkadot, and many others. Bitcoin Sees 2-Month Low It’s safe to say that the primary cryptocurrency has seen better days. In fact, they weren’t all that long ago, as BTC neared $41,000 roughly a week ago but was rejected in its tracks. The subsequent correction drove the asset south...

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Weekend Watch: BTC Below $40K, ApeCoin Soars 14% Ahead of Otherside Sale

Bitcoin failed again at overcoming $40,000 and has returned to even below $39,000. The majority of the altcoins are also in the red once more, but ApeCoin continues to defy the odds ahead of its highly-anticipated Otherside sale. Bitcoin Struggles Below $40K On April 25, bitcoin initiated an impressive leg up, adding nearly $3,000 in hours. Consequently, the asset spiked to almost $41,000 after its recent nosedives. However, this price increase was short-lived as the bears...

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XRP Struggling to Recover, is $0.5 in Sight? (Ripple Price Analysis)

XRP has continued to drop for more than a year after hitting its highest level at $1.96 in April 2021, which has disappointed holders. What are the main challenges? Technical Analysis By Grizzly The Daily Chart: Source: TradingViewThe price fluctuates within a triangle (marked yellow) on the daily timeframe, and the descending line that has accompanied it for more than 230 days has not been broken yet. The blue rectangle has made the top and bottom of the price movement. The...

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Ripple Price Analysis: XRP Rejected at Key Resistance, Likely Facing Another Drop

XRP continues to slide downwards, following the overall bearish sentiment in the crypto markets. The price got rejected at the critical line of resistance of $0.92 and now heading towards low levels where support lies. Technical Analysis Technical Analysis By Grizzly The Daily Chart On the daily timeframe, despite the sudden spikes, it still seems that the sellers have the upper hand now. If we look at the past recent uptrends, we see that previous uptrends have occurred by...

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Bitcoin Struggles Below $40K as Sentiment Returns to Extreme Fear (Market Watch)

After dropping below $40,000 earlier this weekend, bitcoin has been unable to reclaim that level despite a few attempts. The rest of the market is also relatively calm today, with ETH sitting beneath $3,000. Bitcoin Stalls Below $40K After the Monday crash, bitcoin went on the offensive and added several thousand dollars in about a few days. As a result, it broke above the January 2021 all-time high of $42,000 and kept climbing. This culminated in a price increase towards...

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Bearish Weekend Watch: Bitcoin Dumps Below $40K, Ethereum Beneath $3K

The adverse price developments continued in the past 24 hours, and bitcoin dropped below $40,000 for the second time this week. The alternative coins are also well in the red, at least most of them, but ApeCoin has defied the market sentiment and soared by double-digits. Bitcoin Lost $40K It was just a few days ago when the primary cryptocurrency spiked to almost $43,000, which became its highest price level in over ten days. This was a particularly impressive price tag...

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Ripple Price Analysis: XRP Sees a Green Week, Against the Trend

XRP had a great end of the week, unlike the current sentiment of the crypto markets. Key Support level: $0.70, $0.58 Key Resistance levels: $0.85 XRP recovered well after touching the key support at $0.70 and rallied 10% on Friday. As usual, the current weekend sees almost no volume and not much price action. The next key resistance lies at $0.85 and could be tested soon if XRP opens the new week in green. Chart by TradingViewTechnical Indicators Trading Volume: The volume is...

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Market Watch: Holidays Consolidation as BTC Stagnant at $40K, FIL Soars 11%

The cryptocurrency market continues to be untypically calm, with bitcoin failing to make a decisive move while still standing above $40,000. Most of the altcoin space is in a similar position, except for Filecoin, which soared by double digits. Bitcoin Stands Still at $40K It was just over ten days ago when the primary cryptocurrency failed at $47,000 and started its gradual descent. In a matter of days, the asset found itself dropping to $45,000 and $43,000. Somewhat...

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Weekend Watch: Bitcoin Maintains $42K, Monero at 3-Month High After 8% Spike

After falling to its January 2021 all-time high of around $42,000, bitcoin has maintained that level following a relatively still trading day. The altcoins are also untypically calm today, with Monero being among the few exceptions and XMR tapping a three-month high. Bitcoin Remains Above $42K It’s safe to say that the primary cryptocurrency has seen better days as it attempted to jump above $47,000 earlier this week. However, it failed on both occasions when the bears...

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