Tag: uncovering profitable opportunities

XRP price started a fresh decline from $2. 350. The price is now showing bearish signs and might extend losses if it dips below $2. 150. XRP price started a fresh decline below the $2. 320 zone. The price is now trading below $2. 30 and the 100-hourly Simple Moving Average. There is a short-term bearish trend line forming with resistance at $2. 2550 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could continue to move down if it settles below $2. 150. XRP Price Dips Again XRP price attempted a recovery wave above $2. 320 but failed to continue higher, like Bitcoin and Ethereum. The price started a fresh decline below $2. 30 and $2. 250. There was a move below the $2. 20 pivot level. A low was formed at $2. 155, and the price is now consolidating losses with a bearish angle. There was a minor move above the 23. 6% Fib retracement level of the recent decline from the $2. 525 swing high to the $2. 155 low. The price is now trading below $2. 30 and the 100-hourly Simple Moving Average. If there is a fresh upward move, the price might face resistance near the $2. 2550 level. There is also a short-term bearish trend line forming with resistance at $2. 2550 on the hourly chart of the XRP/USD pair. The first major resistance is near the $2. 30 level, above which the price could rise and test $2. 350 or the 50% Fib retracement level of the recent decline from the $2. 525 swing high to the $2. 155 low. A clear move above the $2. 350 resistance might send the price toward the $2. 440 resistance. Any more gains might send the price toward the $2. 50 resistance. The next major hurdle for the bulls might be near $2. 550. Another Decline? If XRP fails to clear the $2. 350 resistance zone, it could start a fresh decline. Initial support on the downside is near the $2. 20 level. The next major support is near the $2. 150 level. If there is a downside break and a close below the $2. 150 level, the price might continue to decline toward $2. 050. The next major support sits near the $2. 020 zone, below which the price could continue lower toward $1. 880. 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 $2. 20 and $2. 150. Major Resistance Levels $2. 30 and $2. 350.

Bitcoin price is again declining below $110,000. BTC could continue to move down if it stays below the $110,000 resistance. Bitcoin started a fresh decline below the $109,500 support. The price is trading below $109,000 and the 100 hourly Simple moving average. There is a bearish trend line forming with resistance at $109,800 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might continue to move down if it trades below the $107,400 zone. Bitcoin Price Faces Rejection Bitcoin price failed to stay above the $110,500 pivot level and started a fresh decline. BTC dipped below $110,000 and $109,500 to enter a bearish zone. The decline was such that the price traded below the 50% Fib retracement level of the upward move from the $106,312 swing low to the $111,000 high. Besides, there is a bearish trend line forming with resistance at $109,800 on the hourly chart of the BTC/USD pair. Bitcoin is now trading below $109,000 and the 100 hourly Simple moving average. If the bulls attempt a fresh increase, the price could face resistance near the $109,500 level. The first key resistance is near the $109,800 level and the trend line. The next resistance could be $110,500. A close above the $110,500 resistance might send the price further higher. In the stated case, the price could rise and test the $111,200 resistance. Any more gains might send the price toward the $113,500 level. The next barrier for the bulls could be $115,000 and $115,500. More Losses In BTC? If Bitcoin fails to rise above the $109,800 resistance zone, it could continue to move down. Immediate support is near the $107,400 level or the 76. 4% Fib retracement level of the upward move from the $106,312 swing low to the $111,000 high. The first major support is near the $106,500 level. The next support is now near the $105,500 zone. Any more losses might send the price toward the $104,200 support in the near term. The main support sits at $103,500, below which BTC might struggle to recover in the short term. Technical indicators: Hourly MACD The MACD is now gaining pace in the bearish zone. Hourly RSI (Relative Strength Index) The RSI for BTC/USD is now below the 50 level. Major Support Levels $107,400, followed by $106,500. Major Resistance Levels $109,800 and $110,500.