The post XRP Price Prediction For March 4 appeared first on Coinpedia Fintech News Ripple’s XRP is currently down by more than 18% and is trading at $2.30 levels. The broader market sentiment has turned red after a brief rally which saw Bitcoin hitting $95k. According to analyst Josh of Crypto World, XRP is following the trends of Bitcoin and the broader stock market. After a short-term price pump, XRP recently experienced a pullback, particularly after briefly breaking above the resistance zone between $2.65 and $2.80. However, the price is now back below this level, Key Support and Resistance Levels The next important support zone for XRP lies between $2.25 and $2.30. If the price bounces here, there could be a short-term recovery. However, if it breaks below $2.25, a further drop towards $2 or even the $1.95-$2.05 range is likely. This zone will be critical for XRP in the near future. Price Structure and Indicators On a more positive note, there are some signs of bullish price action. XRP has formed higher highs in both price and RSI (Relative Strength Index), suggesting a possible shift toward a more bullish market structure. This makes it less likely that the current bearish divergence will continue. Influence of Bitcoin If Bitcoin continues its sideways movement or further declines, XRP may mirror these actions. It’s likely that XRP will experience some consolidation in the short term before making a bigger move. Short-Term Indicators and Overbought Conditions XRP recently showed an oversold signal, which led to a short-term bounce. Now, the RSI is indicating overbought conditions, suggesting a pullback could be on the horizon. Historically, XRP has shown price pullbacks after such overbought signals, and this time may be no different. However, the RSI is now resetting to more neutral levels, which may indicate a pause in the current bearish price action.
In a recent post on March 4th, **CryptoQuant’s** Research Director **Julio Moreno** emphasized the implications of Trump’s **tariffs** on the **global economy**. He pointed out that prolonged uncertainties brought by
COINOTAG News reported on March 4th that Cameron Winklevoss, co-founder of Gemini, expressed optimism regarding the **cryptocurrency strategic reserve plan**. However, he voiced his astonishment over the types of **digital
The price of bitcoin (BTC) plunged to $82,618 per coin as of 9 p.m. Eastern Time on Monday, marking a significant downturn in the broader cryptocurrency market. The total crypto economy has contracted by more than 12% against the U.S. dollar, now valued at $2.72 trillion. Bitcoin, Ethereum, and Solana Suffer Heavy Losses as Sell
XRP price started a fresh decline from the $3.00 resistance. The price is up down over 20% and might extend losses below the $2.20 support. XRP price started a fresh decline from the $3.00 zone. The price is now trading below $2.50 and the 100-hourly Simple Moving Average. There was a break below a connecting bullish trend line with support at $2.40 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair might continue to move down if it breaks the $2.20 support zone. XRP Price Reverses XRP price rallied above the $2.50 and $2.80 levels before the bears appeared, like Bitcoin and Ethereum . The price failed to clear the $3.00 resistance and started a fresh decline. There was a sharp move below the $2.80 and $2.60 levels. The price traded below the 50% Fib retracement level of the upward move from the $1.95 swing low to the $3.00 high. There was also a break below a connecting bullish trend line with support at $2.40 on the hourly chart of the XRP/USD pair. The price is now trading below $2.40 and the 100-hourly Simple Moving Average. It is now finding bids just above the 76.4% Fib retracement level of the upward move from the $1.95 swing low to the $3.00 high. On the upside, the price might face resistance near the $2.35 level. The first major resistance is near the $2.40 level. The next resistance is $2.4750. A clear move above the $2.4750 resistance might send the price toward the $2.620 resistance. Any more gains might send the price toward the $2.700 resistance or even $2.750 in the near term. The next major hurdle for the bulls might be $2.80. More Losses? If XRP fails to clear the $2.40 resistance zone, it could start another decline. Initial support on the downside is near the $2.20 level. The next major support is near the $2.120 level. If there is a downside break and a close below the $2.120 level, the price might continue to decline toward the $2.050 support. The next major support sits near the $2.00 zone. 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 $2.120. Major Resistance Levels – $2.40 and $2.4750.
Cardano (ADA) has experienced a remarkable surge following the announcement of a U.S. Crypto Strategic Reserve, igniting a flurry of market speculation. This rapid price increase raises questions about the
In a significant development for the crypto landscape, a recent security breach has rocked the market. According to a report from COINOTAG dated March 4th, SlowMist Cosmos announced via the
According to recent data from Coinglass, the cryptocurrency market experienced substantial net outflows over the past 24 hours, highlighting investor sentiment and market dynamics. Bitcoin led the trend with a
Victims of the “wrong number” scam across the United States, including Ohio, are getting some form of justice thanks to the latest initiatives of the US authorities. According to the Federal Bureau of Investigation (FBI), 33 crypto fraud victims nationwide , including a city of Mentor resident, have been identified. Court documents reveal that the victims lost more than $4.9 million, and the FBI is currently identifying five more accounts and their owners that are potential victims. Also, the US Attorney’s Office of the Northern District of Ohio has submitted a civil complaint requesting the forfeiture of 8,207,578 Tether valued at around $8.2 million . Authorities revealed that the victims were convinced to invest in cryptocurrency scams through messaging using random phone numbers. ‘Wrong Number’ Scam Targets Unsuspecting Victims To Invest In Fake Crypto Projects The FBI and the US Attorney’s Office of the Northern Ohio District work overtime to bring the scammers to justice. According to court documents and stories of victims, the scammers sent them messages from random numbers, pretending they had reached the wrong number. Then, the scammers will befriend the recipients to gain their trust and convince them to invest in a cryptocurrency scam. According to the FBI, 33 victims have already been identified, and five more are being considered, with losses exceeding $6 million. From Crypto.com To Another Wallet “A.H.”, one of the victims from Mentor, Ohio, shared how the scammers reached her. She shared that the scammer sent her a message in November 2023, and they soon started exchanging messages about religion and hobbies, which she believed to be a resident of Seattle, Washington. After gaining her trust, the scammer convinced her to consider digital currency investments. “A.H.” revealed that she invested $250k into the project after she was told to set up an account at Crypto.com and wire the funds to the exchange. Then, she added that she was instructed to send the money to a specific crypto address. Investigators Look At Blockchain Data To Track Funds After receiving the complaint from “A.H.”, Investigators immediately reviewed and tracked the transactions on the blockchain. The FBI’s Internet Crime Complaint Center led the investigations, and the team discovered that some of the missing funds were swapped for Tether. After getting a federal seizure warrant, Tether immediately complied, froze the funds, and promptly transferred these to the authorities. On February 27th, acting US Attorney for Ohio Carol Skutnik and assistant US Attorney Morford requested that all funds be transferred to three crypto addresses so that they could facilitate the return of the money to scam victims. Featured image from Reuters, chart from TradingView
In a recent update from COINOTAG News, March 4 marks a pivotal moment as President Trump confirmed the implementation of U.S. tariffs on Mexico and Canada. This announcement has incited