Crypto News

The Dip in XRP Price and Support at $0.4700 XRP, one of the top cryptocurrencies, experienced a dip in its price recently. However, the bulls were quick to step in and provide support near the $0.4700 level. This support level has been a key area for XRP's price action in the past and it once again proved to be a significant level for the cryptocurrency. Reclaiming the 100-hourly SMA After bouncing off the $0.4700 support, XRP's price managed to reclaim the 100-hourly Simple Moving Average (SMA). This is a positive sign for the cryptocurrency as it indicates that the bulls are in control and are looking to push the price higher. The 100-hourly SMA is considered a crucial technical indicator and a break above it could lead to further gains for XRP. Potential for Continued Rise if $0.4950 is Cleared The next key level for XRP's price is around $0.4950. If the cryptocurrency manages to clear this level, it could open the doors for a continued rise. This level has be...

BTC Technical Analysis: The Bitcoin price failed to gain momentum above the $68,000 resistance against the US Dollar. BTC started a fresh decline and it is now trading below the $67,000 support. The current price action is bearish, indicating a possible break below the $66,000 support in the near term. Key Support Levels: If there is a downside break below the $66,000 support, the price could decline further towards the $65,000 support. The next major support is near the $64,500 level, below which the price could test the $64,000 zone. Key Resistance Levels: On the upside, the $67,000 level is an initial resistance. The main resistance is now forming near the $68,000 zone. A successful close above the $68,000 level could start a strong increase towards the $70,000 level. Bitcoin Dominance: Bitcoin dominance is also declining and it is now trading well below the 65% level. Ethereum is gaining pace and it could continue to outperform BTC in the near term. Other altcoins like...

Bitcoin's Rally to Continue Dippy believes that Bitcoin's rally is far from over and that the recent dip is just a temporary blip in the larger bullish trend. He points to the strong support level around $65,000 and the overall positive sentiment surrounding Bitcoin as reasons for his optimistic outlook. Ethereum (ETH) and Solana (SOL) Also Look Promising While Bitcoin may be the leading crypto in terms of market cap, Dippy also sees potential in other altcoins such as Ethereum and Solana. Both of these cryptos have been on a steady uptrend and have shown resilience in the face of Bitcoin's recent dip. Dippy advises keeping an eye on these two cryptos as they could also see significant gains in the near future. NFTs and Metaverse Hype Driving Crypto Market Apart from the traditional factors that drive the crypto market, Dippy also points out the increasing interest and hype around NFTs and the metaverse. These two trends have been gaining traction in the mainstr...