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...